This Lincoln Park Single Family Home is Priced at Just $500,000: 2700 N. Wilton
This 2-bedroom single family home at 2700 N. Wilton in Lincoln Park came on the market in August 2016.
But if it looks familiar, that’s because we’ve chattered about it several times. The last time was in November 2009.
You can see our chatter here.
It was bank owned in 2007 and sold in 2008.
According to Zillow, it appears that it was rented for a time.
The kitchen has white cabinets and stainless steel appliances.
The master suite is on the second floor while the second bedroom is on the main level.
Here are some pictures from the 2009 listing. The finishes are the same.
There’s an unfinished basement.
The house has central air and a 2-car heated garage.
What’s the catch?
Yes, those are the El tracks just behind the property.
This house has been reduced $100,000 to $500,000 since last August.
What will it take to get this sold?
Should it be staged?
Or is it all about price?
Colin Hebson at Dream Town Realty has the listing. See the pictures here.
2700 N. Wilton: 2 bedrooms, 2 baths, no square footage listed
- Sold in December 1992 for $7,339
- Sold in December 1994 for $12,966
- Sold in September 1996 for $170,000
- Lis pendens filed in January 2007
- Bank owned in October 2007
- Sold in February 2008 for $540,000
- Originally listed in August 2009 for $649,000
- Reduced
- Was listed in November 2009 for $549,000
- Withdrawn
- Originally listed in August 2016 for $600,000
- Reduced
- Currently listed at $500,000
- Taxes now $7615 (they were $8627 in 2009)
- Central Air
- 2-car heated garage
- Bedroom #1: 35×22 (second floor)
- Bedroom #2: 12×10 (main level)
- Den: 9×9 (main level)
And it’s a short lot – only 75 feet deep.
Is it possibly this turns into a tear down home if the price goes lower?
2 bedrooms just to get into Lincoln Park? No way.
With some interior design this is a really cute house in Lincoln Park even if only 2 bedrooms, hell you have a basement to play with. All day worth $500K
This could be a better alternative to a condo. I guess the big question is how bad the train noise is…
I’d totally live here if I were deaf
Um,it’s exactly fifteen feet from the Red Line tracks
This is a steal. Exactly what Marko said — so much potential and looks cute the way it is. Great starter home and a keeper since you could subsequently rent it along with the parking and keep it as an investment.
I bet after a few days you don’t even notice the train noise much :)But Red, Brown, AND Purple during the weekdays. That’s a lot of trains!
I’ve looked at this place – they have installed double windows to help reduce the noise, but it looks sloppy and reduces your ability to open the windows. And you can feel the house shake when the train goes by.
Also, it appears there was quite a bit of work done to level the floor (you can see this in the unfinished basement).
Overall not a bad place – I think staging would definitely help.
@sonies – being deaf would help with the noise, but not with the shock waves. Any house foundation this close to the train columns is going to get a lot of transmitted energy. As Brian mentioned, that’s going to result in the house shaking.
“Is it possibly this turns into a tear down home if the price goes lower?”
small lot hinders what can be built on it, plus who is going to pay a lot more $$ to live here in a new construction home that backs up to the train.
There is a new construction home going up next door to this.
I think with the right materials, a home could be pretty soundproof next to the train.
“a home could be pretty soundproof next to the train.”
but what if you want to be outside, grill, etc. so annoying.
Well, the good thing about this place is that there is no outdoor space, aside from the front porch, so you won’t have to worry about the train interrupting your outdoor fun! :_)
“but what if you want to be outside, grill, etc. so annoying.”
That’s why the deck is in the front of the house- away from the El. You’re never in the back except to park your car.
I’m wondering who would buy this house? Usually, parents don’t want to sleep on different floors than their kids. Plus no backyard playing. So, a young couple (maybe gay) that don’t plan on children? Older people wouldn’t want the stairs. Single people who travel with their careers are not into gutters and yard work, preferring a condo.
“Well, the good thing about this place is that there is no outdoor space, aside from the front porch, so you won’t have to worry about the train interrupting your outdoor fun! :_)”
“That’s why the deck is in the front of the house- away from the El. You’re never in the back except to park your car.”
I get that, but my original comments were geared toward it not being a tear down (as someone mentioned) because new buyers probably won’t pay a premium for it. I would think someone paying new construction pricing would expect some outdoor space (roof deck over garage) and not hearing, seeing, or feeling the L run by. I’d be curious to see what the new construction going up next door is. SFH or multi-unit?
But then again, I could be totally wrong as the house next door was torn down (sold for $445)
Wonder how this place become bank owned when it was worth way more than the 1996 price.
“Wonder how this place become bank owned when it was worth way more than the 1996 price.”
Cash out refis!!