Price reduction in East Garfield Park
by Joe Zekas on 5/2/09
We normally cover only new construction, but thought you might like a look at a low-budget resale.
At 209 S. Whipple, in East Garfield Park, you’ll find a 4-bedroom, 3-bath single-family fixer-upper reduced to $11,600. That’s less than $8 a square foot. Taxes for 2007 were $2,350.
Any takers?
Related posts:
- $400,000 price reduction at 2225 West Race
- Was $335,000, now asking $19,900 in East Garfield Park
- New homes snapshot: Empty three-bedroom / two-baths abound in East Garfield Park
- Another price reduction: 20 percent off the next five Motor Row contracts
- Video: New developments in East Garfield Park
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{ 10 comments }
Are you kidding me?
I can buy like 4 or 5 of those.
What’s with the low prices? Let me guess–gangs, drugs, violence, death, etc etc
Great!
tup,
The always-authoritative Wikipedia notes that Business Week named the neighborhood one of the nation’s most up and coming, but suggests “since the housing market has slowed nationwide, the gentrification of East Garfield Park is expected to take several years.”
Joe, I’m not sure how to interpret the tone of your last post.
Are you just relaying genuine info to me, or are you dripping with sarcasm?
Dripping. Any time you see me say anything that sounds positive about Wikipedia – it’s sarcasm.
Don’t forget the Tribune a few years ago with one of thier glowing spreads of another hot neighborhood. After reading the glowing story, I remember looking up the hood on the MLS and, seriously, something like three condos had sold over the last 6 months from the time of the article.
Wishful thinking by city planners and real estate agents I believe. East Garfield will never become popular until the area near the United Center gets cleaned up. Until then, anything west of the UC will remain crime laden where gentrification will take dozens of years. Business Week clearly didn’tn visit the neighborhood, nor did they obtain their info from any reliable source.
Dear Frightened Rabbits:
Go back to bed. Pull the blankets up over your eyes. And try not to wet yourselves.
And, yes please! stay out of my neighborhood.
Regards,
An Actual 6-year Resident that’s lived to tell about it!
East Garfield has many beautiful buldings, this is not one of them. Building is a tear down, not worth rehabbing. Believe it or not this might be a good investment. 15 years ago I bought a tear down near United Center for under 50k. 5 years ago I sold the lot to a developer for approximately 150K. The developer built condos and sold them at 200K a pop.
What a deal!
I’m an actual resident also. I’ve been living here for 5 years now. If you have a longer-term vision, I believe that this community is a great place to buy into. The proximity to downtown, transportation nodes, diverse neighbors, future development plans (a new grocery store, CVS, Johnny’s Icehouse hockey rink) beautiful housing stock, amazing park & conservatory make it a great investment.
Don’t be frightened. For the haters that post only negative things about our neighborhood, stay out! We don’t want negative people like you here.
Ciao bello!
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