Vintage Grandeur in Lincoln Park on the El Line: 2127 N. Sheffield
How hard is it to sell a property on the El line?
This vintage graystone condo built in 1892 at 2127 N. Sheffield in Lincoln Park makes no secret of the fact that it’s right on the El line.
From the listing:
GREAT 4 ROOMMATES! AWESOME DEPAUL LOCATION. SUPER SPACIOUS- 3 LARGE BEDROOMS, TOP FLOOR GREYSTONE CONDO. ORIGINAL TRIM & MOLDINGS, HIGH CEILINGS & POCKET DOORS. EAT-IN KITCHEN W/ SOME NEW APPLIANCES. LG DINING ROOM W/BUILT-IN HUTCH.
UNIT HAS CA & PRIVATE DECK. ADDIT’L STORAGE & PRKG INC. STEPS TO DEPAUL & TRANSPORT. THIS HOME GETS GREAT LIGHT! ALTHOUGH ON THE EL IT’S SURPRISINGLY QUIET-ONLY THE KITCHEN WINDOW FACE EL.
The listing doesn’t mention an in-unit washer/dryer but it does have a parking space included.
For those who yearn for an “unremodeled” kitchen- this one looks like it hasn’t been touched in awhile. It’s kind of refreshing, frankly.
Unit #3: 3 bedrooms, 1 bath, 1400 square feet
- Sold in June 2002 for $288,000
- Sold in August 2004 for $325,000
- Currently listed for $369,900
- Assessments of $245 a month
- Rubloff has the listing
this unit should be easy to price correctly as it should be valued near the NPV of future rents minus costs, etc. as it’s most comparable to a rental.
Too lazy to do the math but $369,900 seems high.