The Vintage 2-Story Colonial in Beverly for Under $350K: 2003 W. 103rd
This 4-bedroom colonial at 2003 W. 103rd in Beverly just came back on the market after it was listed for 5 months last year.
The listing says it’s an executive relo.
Built in 1921, it is just a short 2-block stroll to the Metra station at 103rd.
The house is on an enormous 60×196 size lot and has an actual side asphalt drive with a turnaround that leads to a 2 car garage. The listing says you can park 12-14 cars on the drive.
While it doesn’t have central air, the house does have all 4 bedrooms on the second level.
It also has a partially finished basement.
Is this a deal at this price for the location and square footage?
Kent Magnuson at Coldwell Banker has the listing. See the pictures here.
2003 W. 103rd: 4 bedrooms, 2.5 baths, 2000 square feet, 2 car garage
- Sold in December 1998 for $205,500
- Originally listed in June 2009
- Withdrawn in October 2009
- Currently listed for $324,900
- Executive Relo
- Taxes of $4461
- No central air
- Partially finished basement
- Bedroom #1: 16×14
- Bedroom #2: 13×8
- Bedroom #3: 13×11
- Bedroom #4: 13×11
This house, while charming, is nothing special. No central air and old windows is going to mean one heck of a heating and electric bill. Plus the kitchen looks outdate already (even though the realtor says “Updated kitchen, baths, windows, roof & electrical”). When was it updated, 1993? And who was the genious that designed the kitchen with refrigerator, washer, and oven right on top of each other. Poor refrigerator is working around the clock. The location is convenient and the neigborhood is alright, but unless you send the kids to private schools, you go to cps in morgan park.
No bargain here. Looks like it needs a full gut rehab. Plus, its stucco exterior cladding needs close inspection by a capable stucco contractor to determine its condition. Almost all older stucco cladding has structural and/or deterioration problems that require extensive patching and replacing. If this work isn’t done, water infilitration will cause significant structural and interior damage too.
Nice, solid family house, fortunately located close to a rail line, but otherwise too far away from everything. Beverly is further from the center of town than many suburbs.
But it needs absolutely everything, and that will cost a lot of money. The bathrooms are sad, and the kitchen is getting a little worn. The windows will be extremely expensive.
“Almost all older stucco cladding has structural and/or deterioration problems that require extensive patching and replacing. If this work isn’t done, water infilitration will cause significant structural and interior damage too”
never enjoyed the look of stucco, so this is a great reason for me to stay away, thank you architect.
So $175,000 is a good starting point? Sounds like the gut rehab alone would cost at least $200K.
Haven’t seen this house, but looked at one a few houses down–103rd Avenue is QUITE a busy street at that location.
LOL I wonder if this guy is the neighbor… seriously read this
http://www.southtownstar.com/neighborhoodstar/evergreenpark/2096235,031110race.article
You all are ignoring the huge lot. Not deal at current asking price, but my guess is as a relo, this will be moved quickly thru price reductions, flexible negotiating.
Oh yeah, make no mistake, Beverly is an epicenter of some seriously entrenched racism, as anyone who grew up in Chicago knows.
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LOL I wonder if this guy is the neighbor… seriously read this
Worse than Marquette Park?
Don’t know if there’s a racism intensity scale, but I wouldn’t live in either of those neighborhoods (and i would consider Bridgeport, which has changed a lot recently)
Lot itself is probably worth $100,000, with house demolished; demolition is at least $30,000. House easily needs $150,000 to become a $500,000 Beverly house, so I don’t see the upside yet for a speculator. (Stucco repairs not in my number.)
Beverly/Morgan Park has many beautiful, architectural interesting and/or large lot houses. However, these two neighborhoods have serious problems limiting professional-income families’ interest in investing here – poor schools (particularly public high school), little convenient retail, street crime and gang presence (not due to residents, but due to location near much poorer communities; even public library has youth-crime problems), and relative distance from Loop (even though there is Metra service).
Home prices here didn’t appreciate significantly during Bubble Period. Many homeowners and new homebuyers here have longtime family ties to these two neighborhoods; “new” families are less likely to pick Beverly or Morgan Park for a home purchase.
might as well make a go-kart raceway of this place.
My experience with Beverly was several years ago, but most of the people I knew there had family there and have either moved up to the area or had been essentially forced out of somewhere else on the south side (the people I stay in touch with from BH still have family there, esp. siblings with kids). But it was still pretty diverse with a lot of professionals and downtown commuters, I don’t know if it’s changed. I wouldn’t chose to live here, but wouldn’t slit my wrists either if I had to.
That said, 103rd Street would not be where I’d live, it’s too busy as Ed said. And this house looks mucked up too, at least there is counter on either side of the stove…
You can see a great deal of Beverly in these videos at YouTube:
http://www.youtube.com/view_play_list?p=1882A876359D8503