Trying to Sell a Vintage 2/2 in Logan Square: 3636 W. Wrightwood
This 2-bedroom at 3636 W. Wrightwood in Logan Square came on the market in September 2014.
It is one of just 4-units in the building.
It has 3 exposures, North, South and West, along with 10 foot ceilings.
It has some of its original vintage mill work including pocket doors.
The kitchen is more modern, however, with maple cabinets, granite counter tops and stainless steel appliances.
It has the features that buyers are looking for with central air, washer/dryer in the unit and gated parking.
Originally listed for $299,000 in September 2014, it has been reduced $4100 to $294,900.
In 2013, we chattered about a 3-bedroom with 150 square feet more space in this building. It was listed for $309,000 in January 2013 and sold for $290,000 in June 2013.
See that chatter here.
What will it take to sell this unit?
Chadwick Duda at Dream Town Realty has the listing. See the pictures here.
Unit #2: 2 bedrooms, 2 baths, 1350 square feet
- Sold in August 2003 for $228,000
- Originally listed in September 2014 for $299,000
- Reduced
- Currently listed at $294,900
- Assessments of $207 a month
- Taxes of $3212
- Central Air
- Washer/Dryer in the unit
- Gated parking included
- Bedroom #1: 10×15
- Bedroom #2: 9×11
“What will it take to sell this unit?”
Nice looking unit. It will take finding a buyer who wants to live here and that isn’t a large pool during busy Real Esate season. Off – season is going to be harder especially when you try to sell a 2 bedroom for more than what a 3 bdroom in the same building cost 1.5 years ago but Realtor Math/Logic. [A realtor would say “that was 2 years ago and that unit isn’t available anymore and argue that price have gone up. Whereas a buyer will think “that was really just last year and if I just wait/keep looking I’ll find another 3 bd for the same price!]
Now queue the “this should have stayed a rental” in 3 -2 -1
Place looks small. It’s not hip if the masterbath doesn’t have a glass shower stall. Shower curtains are a sign of lameness.
PS cool broker name
“It will take finding a buyer who wants to live here”
It’s logan sq. logan sq is hot. seriuosly, there are several spec homes going up around where we are.
https://www.redfin.com/IL/Chicago/4938-N-Seeley-Ave-60625/home/13403800/mred-08796901
“RARE TIER 3 LINCOLN SQ LOT – HUGE ADVANTAGE [FOR] CPS SELECTIVE ENROLLMENT HS!”
““RARE TIER 3 LINCOLN SQ LOT – HUGE ADVANTAGE [FOR] CPS SELECTIVE ENROLLMENT HS!””
Make you want to go ring the neighbor’s bell and tell them Bob sent you to ask about the lot, and where their kids go to school.
Don’t the tiers change every year? If i move to a tier 1 area how much better are my odds? Just curious as I don’t even have progeny
“Don’t the tiers change every year?”
Yes.
“If i move to a tier 1 area how much better are my odds?”
A *lot*, but hard to quantify exactly.
“If i move to a tier 1 area how much better are my odds?”
“A *lot*, but hard to quantify exactly.”
Yeah, def a lot. Going from tier 4 to tier 3 may have little effect. Some scores I’ve seen reported for tier admission into elem are v similar between tiers 3 and 4. There is def some difference for HS. But going from 3 to 2 or 2 to 1 bigger effects generally than 4 to 3.
“It will take finding a buyer who wants to live here and that isn’t a large pool during busy Real Esate season.”
As someone else mentioned, Logan Square is super hot. Almost no inventory (which is why I don’t do many posts in that neighborhood because I can never find much to crib on.)
Perhaps in the spring, they’ll be more. I know a lot of people want to see more properties from that neighborhood.
“As someone else mentioned, Logan Square is super hot.”
Not this quadrant of Logan Square
Then why are they selling $500,000 rowhouses just 3 blocks west of this location?
Do you have a link/site/source handy?
If “hot” means in Realtorspeak “douchebags are interested,” no, this area is not hot. A few blocks east is arguably hot, and that affects this area. This seems like hunting grounds for value seekers who want to remain in LS but can’t afford “hot” LS. Sort of like the area west of Palmer Square. I still think this commercial strip is a diamond in the rough.
“Then why are they selling $500,000 rowhouses just 3 blocks west of this location?”
cuz new construction?
Tiers do change every year, and make big changes after every census. Tier 3 isn’t that much o an advantage over tier 4. Tier 1 and tier 2 vs. tier 3 and 4 are where the big differences are.
“Do you have a link/site/source handy?”
Icarus: Ranquist is building them. 3 blocks west.
https://www.redfin.com/IL/Chicago/2659-N-Hamlin-Ave-60647/home/58542936