Landmark living at $99 per square foot

Wood-Maxey-Boyd House, 2801 S Prairie Ave, Chicago

Last May I stumbled across Fred Scovell’s listing for a Queen Anne-style mansion at 2801 S Prairie Ave on the Near South Side. His listing had no text, just photos, but a quick Google search of the address revealed a lot about the home’s history. From my post:

The Wood-Maxey-Boyd House is a Queen Anne-style home that dates back to the 1880s, when “Lower Prairie” was the place to be. According to the Landmarks Commission, it was designed by John C. Cochrane, who also designed the landmarked All Saints Church and Rectory at 4550 N Hermitage Ave and the Capitol Building in Springfield.

At the time, the home was priced at $850,000. I never bothered to check up on this home after that initial post, so I missed out on the huge price cut it received in September — it dropped 30% to $599,000. Realtor Gary Lucido noticed it, though, and devoted a long post to the home’s history and condition just a couple weeks later. “I see a lot of homes so it’s not often that I find a home that I get emotional about and can’t tear myself away from…We were in awe,” he said of his tour through the home, but added that it needed more work than his clients were willing to take on.

On Tuesday, the home dropped in price again, but by the almost insignificant amount of $5,000, bringing it to $594,000, or $99 a square foot.

According to a note from Redfin Coordinator Jan Schwartz, the home still qualifies for a one-time landmark tax credit. (2009 taxes were $8,988.)

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