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Vintage 2-Flat Was Saved But For How Long? 2509 N. Halsted in Lincoln Park

This Victorian 2-flat at 2509 N. Halsted in Lincoln Park came on the market in October 2018.

We last chattered about this property in September 2010. See our chatter here.

Back then, the property was being marketed as a 3-flat, though the garden unit wasn’t being vouched for as a legal unit, and also a teardown possibility, as there was already a new construction building next door.

Many of you thought it should have been torn down, given it’s condition.

But it was saved!

Built in 1886, this property is on a standard 25×125 lot and has a 2-car garage.

It has returned to the market 8 years later “recently remodeled” as 2-units plus an in-law unit.

The building still has some of its vintage features including an ornate metal sliding fireplace screen and ceiling medallions.

There are hardwood floors and Bullseye moulding.

The kitchens have stainless steel appliances.

Here are the units:

  • Unit #1: 1 bedroom, 1 bath, mother-in-law unit rented at $1400 a month (no rent given in 2010)
  • Unit #2: 1 bedroom, 1 bath, rented at $1750 a month (was rented at $2000 a month in 2010)
  • Unit #3: 2 bedrooms, 1 bath, rented at $2200 a month (was rented at $1300 a month in 2010)

There’s a washer/dryer in the lower level for the building.

The units also appear to have wall unit/window unit air conditioning.

There isn’t much pre-1900 construction left on this part of Halsted.

Is this vintage building still on the chopping block or has the strong rental market, and recent renovations, saved it from the wrecking ball?

Judi Weintraub at @Properties has the listing. See the pictures here.

2509 N. Halsted: 4 bedrooms, 3 baths, no square footage listed

  • Sold in January 1988 for $185,000
  • Sold in July 1992 for $200,000
  • Sold in April 1998 for $400,000
  • Sold in November 2013 for $679,000
  • Originally listed in October 2018 for $950,000
  • Currently still listed at $950,000
  • Taxes of $16,072
  • No central air
  • Tenant pays gas/electric
  • Washer/dryer in the basement
  • Unit #1: rented at $1400 a month
  • Unit #2: rented at $1750 a month
  • Unit #3: rented at $2200 a month

 

 

This entry was posted on Tuesday, December 18th, 2018 at 5:42 am and is filed under 2-Flat, Lincoln Park. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “Vintage 2-Flat Was Saved But For How Long? 2509 N. Halsted in Lincoln Park”

  1. It’s a busy week with holiday preparations so there won’t be a new post on Wednesday. We’ll get the November home sales soon so I’ll have an update on those later in the week.

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  2. This is a Two-flat with 3 units, sort of the reverse of the 2 bed condo listed as a 3-bed.

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