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^^^ Yeah, I wonder what exactly they did to get the Buildings Dept death sentence?
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The electrical code violations and failure to correct a structural deficit on 3 of their properties were probably the final nails in the coffin. |
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The reality is that yes there's some under $450K SFH in Bronzeville right now, but it's not that many. My quick Redfin search showed about triple the amount of homes above $450K in the area than below $450K. Many of them, but not all, below $450K could be characterized as fixer uppers, but habitable. To be honest, I see places for only $75K more that are less than 5 years old and much better than these. Doesn't make sense to not buy the one a little above $500K to me unless $450K is at the upper end of what you can comfortably afford. In that case, IMO you could get a better place in areas like Portage Park or around there for that money. The majority of homes for sale in the area were built in the last 5 years and are at least $500K. And that's not bad because their counterparts in so many north side areas would be double that or even more than double - even in areas further north like Irving Park. Bronzeville is still a great deal if you want to own a nice, new or semi new SFH. Vacant lots there go for $150K and under, so developers can still build SFH there and make a profit while offering them for half the price as other areas. |
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love a nice 400k+ "affordable" home
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They need to do a Holmes in Chicago. "Sweet Holmes Chicago" ?
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I see 20+ single family homes on the market in Englewood for less than $75,000. Lots of options out there. |
There's a single family home on Marshall Blvd in Little Village for sale for $175k right now. The "affordability crisis" is a total lie. There's actually constantly sub $200k single family homes in good shape in that area. I'm just waiting for the right one to come on the market and I'm going to grab it and move down there. There's one on California facing douglas park right now that needs some work for $90k.
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But that is also kind of my point as Bronzeville prices have risen quickly. |
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I'd go after it but.....I'm losing interest in the smaller stuff. |
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Violations for not doing exactly what is on the permit and not using licensed people for everything is kind of BS in a way, because SO MANY contractors are doing this. I've done jobs and am presently doing a rehab in E. Lakeview that already violates both of those, but so is nearly everybody else. This is likely an issue about the contractors pissing off the neighbors more than anything else. Keep the neighbors happy and you're usually going to be fine. |
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but yea in general people need to get over this fetishization of new construction, or the notion that if its not a complete gut job with all the newest finishes (which are trendy for precisely 1-2 years) its somehow not a serviceable home. we bought a workers cottage in LV a few years back for 50k. yes the bedrooms are tiny and the cabinets are from the 50s. they still seem to hold our dinner plates just fine and kinda seems worth it when the mortgage is paid off in our 30s. |
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i mean they were straight up doing demolitions/building entire garages without permits, among other things. these werent little technicalities.
and in regards to the quality of the finished products, theres some telling comments from the reddit thread Quote:
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It sucks to be priced out of your neighborhood and I'm not saying "boo hoo." Areas need to be mixed income to thrive in my opinion, but the cruel reality is that when when there's rules in place, that still happens. It happens everywhere. I'm just saying that when you are actually moving, you sometimes need to expand your boundaries on which neighborhoods to look for and get more up to date information about those areas. As someone who lives in NYC, a city that does truly have an affordable housing issue, when I see Chicago complain about it, I think "cry me a river. " There are neighborhoods 8 to 10 miles from the center of Manhattan in Queens where a 1 bedroom is still $2000/ month. Condos in Flushing (Queens), 10+ miles away from the center of Manhattan are as expensive as downtown Chicago on average. Chicago does not have this sort of problem necessarily. It has the problem in a handful of neighborhoods, not the entire city. |
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