Will It Be Back to the 1988 Price in Portage Park for this 3-Bedroom SFH? 4015 N. Parkside
This 3-bedroom vintage single family home at 4015 N. Parkside in Portage Park has been on and off the market for at least a year.
It has been bank owned since April 2010.
The house is currently listed for $259,520 under the 2006 purchase price.
The listing says it has hardwood floors in the living room and dining room.
Built in 1904, there is central air and a 2 car garage on a standard 25×125 lot.
Two of the three bedrooms are on the second floor and there is a basement family room.
The house has apparently been listed around $150,000 (the current list price) since February 2010 with no takers.
Yet it is located just a block from Portage Park.
Will this house go back to the 1988 price before it finally finds a buyer?
Jack Kosycarz at Re/Max City has the listing. See the pictures here.
4015 N. Parkside: 3 bedrooms, 3 baths, 1591 square feet, 2 car garage
- Sold in December 1988 for $98,000
- Sold in February 2000 for $185,000
- Sold in April 2001 for $240,000
- Sold in August 2006 for $410,000
- Lis pendens filed in July 2009
- Originally listed in October 2009 for $299,000
- Reduced
- Was listed in February 2010 for $150,000
- Bank owned (by Bank of America) in April 2010
- Currently listed for $150,480
- Taxes of $4309
- Central Air
- Bedroom #1: 14×13 (second level)
- Bedroom #2: 12×10 (second level)
- Bedroom #3: 11×10 (main level)
- Family room: 15×14 (basement)
Price looks about right considering the neighborhood. Taxes need to get taken down. Yes there’s some deferred maintenance, but it would work.
Huh? Portage Park is nice. There must be something wrong with this place.
as joey from blossom used to say….Whoa!
Homedelete, maybe this is a contender for you and you should go and have a look? I’m not a huge fan of frame. I’d prefer brick. But you seem flexible on that point?
Too far west for me. I’m looking to be walking distance to the blue line. I too prefer brick.
But the real issue is that I resigned a rental lease. Well, not exactly, but I expressed to my landlord my intention to remain in my apartment for at least another year or two.
My pre-qual is probably expired by now anyway and there have been so few new listings, so few, that I’ll revisit the market again next summer.
“#Milkster on November 2nd, 2010 at 8:20 am
Homedelete, maybe this is a contender for you and you should go and have a look? I’m not a huge fan of frame. I’d prefer brick. But you seem flexible on that point?”
Can you just go month-to-month without commiting yourself to signing a new lease? Does your landlord want to raise your rent? I have one investment property. I have no problems with my tenant going month-to-month once his lease expires. I know I could not get a higher rent than what he is paying now.
If you need a pre-qual, I have mortgage bankers at Citibank and Bank of America who can do it for you over the phone immediately and fax or e-mail it to you. Incidentally, for those of you out there who are looking at the lower end of the price range like I am, Citi and BofA will write a mortgage for as low as 10K. Citi does have a requirement that the property is at least 500 sft, but BofA does not. I had problems finding a lender who would write a mortgage for under 100K.
Feel free to drop me a line at oakstbeachgrrl@yahoo.com if you’d like the contact info.
This is tempting in some ways but I’m always suspicious by the lack of or limited internal photos.
Like HomeDelete said, I’m looking to be walking distance to the blue line.
And what is the bathroom photo where the doors of the vanity are open? The shot doesn’t actually show the inside so it makes me think the door is blocking some flaw in the bathtub or something
Are the taxes $4309 or $409? Redfin is showing 409 but that is presumably a typo?
“This is tempting in some ways but I’m always suspicious by the lack of or limited internal photos.”
how bad can this property be when it was worth 400k 4 years ago?
yes its located right by a ghetto azz barber shop, bu tthe proximity to Dairy sQuirts, rudys, and the park make up for it.
also the new Portage Cafe/Restaurant is actually surprisingly good
i’m on good terms with my landlord so I’ve been month to month since the day I moved in. my money is good.
I’ve got lots of time, plenty of time, no hurries. I didn’t make the housing bubble, i’m just living through it. apparently others think the way I do too because it is SLOW out there. So very slow. And many of the people buying are investors in one way or another. so the actual number of owner-occupants buying is so low. I got plenty of time.
dairy squirts doesn’t sound too appetizing
This is my old neighborhood, and I’ve been watching it for the sake of family that’s still there. If you want brick construction then think about $240 or so, depending on what you want. For now this frame is probably an outlier but it is nonetheless unsettling. If prices do decline to late 80s/early 90s levels then brick construction should be had for around $130. We will see, I suppose.
By the way, proximity to the Blue Line was always a huge issue growing up there. Because of that I’d never think of moving back no matter where prices go from here. Life without a car is too sweet and out there you either need a car or you really need to like buses.
Even less appealing is the “g” word (which is wrong on more than one level anyway). Let’t try to keep it classy here people, ok?
Since this is a foreclosure, isn’t there an additional risk that the deal could blow up because of all that robo-signing?
Blow up or come back to bite the buyer I should say
it is under contract…be curious to see what the final sale price was and a little disappointed I couldn’t jump on this one. 🙁
sold dec 2 for $157K…cannot wait to see it come back on the market after the reno
http://www.redfin.com/IL/Chicago/4015-N-Parkside-Ave-60634/home/13472056