The Lincoln Park Vintage Cottage Under $800,000: 1833 N. Sheffield
This 3-bedroom vintage cottage house at 1833 N. Sheffield in Lincoln Park has seen its price double every 11 years since 1988 . . . until now.
Built in 1902, two of the bedrooms are on the second floor and the third bedroom is being used as a family room with views to the landscaped garden.
It has a kitchen/dining room open concept and a two car garage.
The kitchen has been updated and has granite counter tops.
Yes, that’s the El right behind the garage.
Beth Allen Tiernan at Allen Teirnan Real Estate has the listing. See the pictures here.
1833 N. Sheffield: 3 bedrooms, 2.5 baths, 2520 square feet, 2 car garage
- Sold in August 1986 for $101,350
- Sold in October 1988 for $235,000
- Sold in May 1999 for $449,500
- Originally listed in August 2007
- De-listed in September 2008
- Originally listed in April 2010 for $749,000
- Currently listed for $749,000
- Taxes of $12,271
- Central Air
- Bedroom #1: 15×14 (second floor)
- Bedroom #2: 11×10 (second floor)
- Bedroom #3: 18×13 (main level- used as a family room)
This is, of course, why 2br cottages in B’town sell for $500k.
I will only buy if they will add an El stop behind my garage…
“I will only buy if they will add an El stop behind my garage”
One which requires a special pass that only you (and your family/friends) can use and only stops there when you want it to.
$750k for a two bedroom cottage, on a busy street with the el in your backyard. It will probably sell because it is right off Armitage, but I will not be the buyer.
There are many concessions I would make to get a single-family home in Lincoln Park. Having the el barrel through my backyard is not one of them.
Also – not a huge fan of calling this a 3 bedroom…
800k for that? lol, please
I’ll take the penthouse at the sterling for that kinda of money and I dont’ have to worry about the El barreling through my backyard nor space
for the doubling every 11yrs, let’s not forget how run-down the Clybourn corridor was….even 15 years ago.
Beautiful backyard!
Is this getting closer to tear-down value?
I tried to look at bing/google maps but couldn’t see anything definitive – is this the part of Sheffield where the Red Line is just emerging from underground and basically running at ground level, or is it still underground in the tunnel here? Every time I take the Red Line barreling into/out of that tunnel, I can’t help but think how little I’d want to live right there.
Its the brown line that’s elevated here, about one block north you have the tunnel opening for the red line coming above ground, so you may have some sort of wierd underground vibrations from the red line in this property barreling to the surface but who knows. Still sucks having the 8 car brown lines screaming above you, they are the noisiest!
“is this the part of Sheffield where the Red Line is just emerging from underground and basically running at ground level, or is it still underground in the tunnel here?”
Over 200′ south of the tunnel entrance.
The tunnel opening is 8 lots north.
Tunnels nearby are great for real life dungeons and dragons adventures. Sort of like dungeon crawling except the only beasts to slay are rats and pigeons.
LARPs don’t pay 800k for houses on the El tracks due to dungeon proximity… their parents do 😉
“Still sucks having the 8 car brown lines screaming above you, they are the noisiest!”
You can probably hear the trains making that screechy turn just south of here.
Just curious; in ’99 (the last time the house sold) was the brown line running 24/7? I know that it used to run only between Kimball and Belmont overnight and on the weekends.
“Just curious; in ‘99 (the last time the house sold) was the brown line running 24/7? I know that it used to run only between Kimball and Belmont overnight and on the weekends.”
Only runs until Midnight, now (starts at 4:30 am). The evening hours to the loop resumed in 1998 (checked) and weekend hours resumed in 2000 (also checked).
When I see places like this I just have to ask “why”?
This is like buying a (idk if they exist anymore, but they did at one time) 900k place in Kenilworth. Yeah, you get to send your kids to Sears, but they end up getting lots of sympathy for being the poor kids in town.
But, knowing this crazy little place I like to call the LPZ, this “house” will probably have a bidding war. People want to live here. People want to say they have a SFH in LP. I think these people need perspective.
For example, I felt poor for the first time in a while this weekend. I was at a party in RN at one of the “townhouses in the sky” at the Millennium Center. I thought that the place must have cost at least $5 mil. In my champagne stupor, it was nicer than my friend’s parents’ floor of the Park Hyatt. The guy that owned it was maybe 35, tops. I spent half the night kissing his ass (n.h.) because I thought he must have been some huge baller and would make a better than good client. Turns out, after some CC research, that this kid probably paid 1.5 at most for the place and it’s a very suspect building.
The moral of the story is, rather than having everyone know that you’re poor by buying the cheapest place in the neighborhood/village, get WAY more bang for your buck by buying the most expensive place in what ostensibly is a very nice neighborhood or building. At least people will think you have good taste. I say buy the nicest house on the block if you can get a good deal on it.
I actually really like this place… except for the train in the back yard. What would this place go for if it didnt have the train?
“The moral of the story is, rather than having everyone know that you’re poor by buying the cheapest place in the neighborhood/village, get WAY more bang for your buck by buying the most expensive place in what ostensibly is a very nice neighborhood or building. At least people will think you have good taste. I say buy the nicest house on the block if you can get a good deal on it.”
Or, you could buy the nicest house you can pay cash for (what we did) and forget about what your neighbors/friends think. Being rich means being able to do what you want without worrying about the cost, which is a lot easier when you aren’t worried about the mortgage.
Am I the only one who thinks this price is RIDICULOUS??? It’s basically a 2 bedroom, right on the sidewalk (look at street view) on a very busy street, and with the el in your backyard.
That being said (about the el), interestingly enough this agent’s own home is on the market for the exact same price (having been reduced at least twice since I saw it) and also on the el. And I would buy it in a second if we could sell our own place- regardless of the train. It is beautiful! http://www.redfin.com/IL/Chicago/2130-N-Bissell-St-60614/home/13352955
“The moral of the story is, rather than having everyone know that you’re poor by buying the cheapest place in the neighborhood/village, get WAY more bang for your buck by buying the most expensive place in what ostensibly is a very nice neighborhood or building. At least people will think you have good taste. I say buy the nicest house on the block if you can get a good deal on it.”
I’m not sure this moral follows from your story. To me it sounds like there are two morals to the story: (1) don’t buy a “townhouse in the sky” in a “suspect” building; (2) don’t invite people to your parties that are only there to kiss your ass because you might be a good client.
“The moral of the story is, rather than having everyone know that you’re poor by buying the cheapest place in the neighborhood/village, get WAY more bang for your buck by buying the most expensive place in what ostensibly is a very nice neighborhood or building.”
Haha, this is a funny variation on the well-known maxim to “never buy the most expensive place on the block.” Obviously, that maxim applies to maximizing value, whereas Chicagobull is talking about maximizing status. Just goes to show that “getting more bang for your buck” can meet different things to different peoples. Take that, rational choice economists!
“And I would buy it in a second if we could sell our own place- regardless of the train. It is beautiful! http://www.redfin.com/IL/Chicago/2130-N-Bissell-St-60614/home/13352955”
I was kind of agreeing with you until I saw that it is a 75′ deep lot. To say that this is “adjacent” to the el is really quite the understatement. It’s practically on the tracks.
“I was kind of agreeing with you until I saw that it is a 75? deep lot. To say that this is “adjacent” to the el is really quite the understatement. It’s practically on the tracks.”
Yeah just look at it on google maps, the satellite took the pic when the el was going past. About 10 feet away, max.
“Or, you could buy the nicest house you can pay cash for (what we did) ”
your man has been selling shoes none-stop , eh peg.
^^^
laughed when i got this (took a second)
“I was kind of agreeing with you until I saw that it is a 75? deep lot. To say that this is “adjacent” to the el is really quite the understatement. It’s practically on the tracks.”
Yeah just look at it on google maps, the satellite took the pic when the el was going past. About 10 feet away, max.
Woops, sorry about the double post.
LOL from TS’s listing
“The El is adjacent which allows for 4 car parking behind the home.”
Talk about throwing some polish on a turd! hahaha
“(2) don’t invite people to your parties that are only there to kiss your ass because you might be a good client.”
There are lots of parties that I probably shouldn’t be invited to.
Some idiot will buy it for at least 670k. Then said idiot will want to sell within a few years as the L noise really wreaks havoc with their life and sleep schedule.
What a joke of a place.
“This is, of course, why 2br cottages in B’town sell for $500k.”
I think you’re confusing ask prices with close prices. Yeah the cottage in B’town did sell for 500k. It remains to be seen whether this one gets anywhere near ask. Maybe if they schedule 15min open houses in between El runs or have a free shuttle from the Silent Co-Op they might get some takers.
This is one of the few where honestly I think they paid way too much for the place in 1999.
“Yeah just look at it on google maps, the satellite took the pic when the el was going past. About 10 feet away, max.”
I know-NO backyard to speak of. And the el is really *right* there. I really noticed how it was louder when the train was on the immediate tracks. Still… a 4 bedroom, 3.5 bath, gorgeous vintage home in LP with parking (for 4! polish that turd!) and a/c. The back windows are bricked up, and with normal household noise I don’t think it would be such a big deal. I could live there no problem. I know a lot of people disagree. I wonder how low it will go…
““This is, of course, why 2br cottages in B’town sell for $500k.”
I think you’re confusing ask prices with close prices. Yeah the cottage in B’town did sell for 500k. It remains to be seen whether this one gets anywhere near ask. Maybe if they schedule 15min open houses in between El runs or have a free shuttle from the Silent Co-Op they might get some takers.”
I’m not confusing anything Bob. If, as you predict, this so-so cottage with a completely windowless basement sell for $670k next to the el on a busy street, in the least desirable LP elementary attendance area, THAT IS WHY people pay $500k for a similar-sized cottage in B’town on a nicer street with no el noise. If the choices for SFHs in neighborhoods a given person wants to live in are $670+, with bad location, or ~$500 in the slightly less preferred hood but with a good location therein, it’s fools with too much money who pay the extra $170k.
In 1999 when this sold for $450, you could get a B’town cottage in decent shape for around $300k–the same 30% discount. It’s no mystery that prices in LP affect prices in substitute neighborhoods.
“Is this getting closer to tear-down value?”
Tear downs are pretty much a thing of the past.
Still though, $800k for a cottage? Yeah, OK only in Chicago.
I’ve been in the house. It’s pretty cute inside. It is a two bedroom unless you have a very good imagination. The basement has no chance of being finished but there is a good amount of storage space down there. I live nearby and I like the neighborhood.
I would look at this as an alternative to a condo/townhouse and not as a SFH.
There is an empty lot, also short, across the street and north 4-5 houses for sale for $565K I believe so this is definitely not tear down price.
Y’know what I might be off on my 670k guess. I think last transaction was orchestrated in better economic times with looser lending standards. I could easily see this going back to 1999 price. Seriously living right next to the El sucks. We’ll see.
“I think last transaction was orchestrated in better economic times with looser lending standards. I could easily see this going back to 1999 price.”
The 1999 price *is* the last transaction. And it would sell in a day at $450.
You guys are retarded if you think this is going to ’99 prices. The el track annoyance was built into that price then and will be priced into whatever it’s sold now (yeah 670 is probably a good guess, depending on the buyer/seller motivation).