Here are examples of one-, two-, three-, and four-bedroom homes in Lincoln Park that have recently seen significant* price reductions in the past week.
Unit 1507 at Clark Place, 2625 N Clark St (above left) – 98 days on market; originally listed for $141,900, dropped from $124,900 to $94,900 on July 28. One-bath condo listed as a short sale – buyer may be liable for six months of past-due assessments. Building amenities include 24-hour door staff, barbecue area, sundeck, fitness room, and bike storage. Monthly assessments are $492; 2008 taxes are $4,360. (Apartment Ratings, EveryBlock, Walk Score)
Unit 2W at 1170 W Armitage Ave (above right) – 111 days on market; originally listed for $389,000, dropped from $379,000 to $339,000 on July 28. Two-bath condo with hardwood floors, island kitchen with oak cabinets, in-unit laundry, rear deck, and a deeded parking space at 1122 W Armitage Ave. Available to rent for $2,500 a month. Monthly assessments are $249; 2008 taxes are $4,109. (EveryBlock, Walk Score)
Unit C at 931 W Wrightwood Ave (below left) – 47 days on market; originally listed for $459,000, dropped from $399,000 to $350,000 on Aug. 2. 2.5-bath townhome with garage parking, private roof deck, floor-to-ceiling windows, upgraded kitchen with granite countertops and stainless steel appliances, wood-burning fireplace, hardwood floors on first level, and master suite with full bath and dual vanities. Monthly assessments are $305; 2008 taxes are $4,452. (EveryBlock, Walk Score)
Victorian single-family at 2232 N Halsted St (below right) – 176 days on market; originally listed for $1.12 million, dropped to $999,000 on Aug. 2. Three baths, dining room, two fireplaces, galley-style kitchen, workshop / utility room, decked garden, and 2.5-car brick garage. 2008 taxes are $12,454. (EveryBlock, Walk Score)
*As we’ve mentioned before, significant means 10 percent or more.