New to the market: A top-floor two-bedroom in Lincoln Park for $450K

845 W Altgeld St, Chicago

You’ll find today’s new listing can be found on the top floor of this turreted 12-unit building at Altgeld Street and Lincoln Avenue. Ed Hester of Dream Town Realty just listed unit 4D at 845 W Altgeld St, a two-bedroom / two-bath with 1,670 square feet, for $450,000, $8,000 less than what it sold for back in June 2004. The home has 11-foot ceiling heights, a kitchen with maple cabinets, granite coutertops, and stainless steel appliances, a master bath with jacuzzi, separate shower, and double-bowl vanity, hardwood floors, a wood-burning fireplace with gas starter, side-by-side washer / dryer, surround sound wiring, and a private balcony. If you value privacy, you’ll be happy to know that no one lives on either side of the unit right now.

Garage parking is available for an additional $25,000. Monthly assessments of $435 pay for water, common insurance, cable television, exterior maintenance, lawn care, scavenger, and snow removal. 2008 taxes were $6,329.

If you look at condos with 1,500 to 1,750 square feet listed throughout Lincoln Park, you’ll see that this unit is priced just below the average. Condos in that range that closed in the past six months sold at $490,000 on average. Two-bedroom / two-baths of any size have sold anywhere from $210,000 to $625,000, and are currently listed as low as $239,500 and as high as $825,000.

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