Thursday, July 14, 2011

Wide lot! Lincoln Square foreclosure scooped up at $449,000

I noticed this distressed property on a cold day early this year and snapped a photo.

A rare prime location foreclosure at 2109 W Giddings Street in Lincoln Square is under contract after two weeks on the market at $449,000. I noticed the vacant extra-wide lot two flat on Giddings in the early spring. It finally came to market as a foreclosure.

I took these photos last week.

I hope they keep the brick garage!

It's an easy bet a professional builder or developer purchased the property and will either tear down or gut rehab into a single family home.
A true luxury 37' wide lot new construction home one block west on Giddings sold for $1,675,000 earlier this year. There is a decent margin for this particular property.

See more Lincoln Square posts here. If you are buying or selling in the Lincoln Square area, talk to us.

Don't want to build? See our single family home listing at 2164 W Leland on a 37 wide lot!

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