This attractive gray stone multi-unit building at 550 W Oakdale in East Lake View was bought in 2007 for $907,500. It has been converted over time to a single family home for the purpose of speculative sale. The home was last listed on the MLS in May 2010 for about $3 million and then eventually went off the market asking $3.7 million in March 2011. There has been no other MLS listing in the past 12 months for the house, however, a Ring Realty "for sale sign" is in front of the house (Ring is also the name of the property owner according to public records).
|The vintage facades of 550 W Oakdale and its neighbor
Currently, there are only two MLS listings for true fee-simple single family homes on the market in this East Lake View area. One is in the historic district at 579 West Hawthorne Place asking $2,995,500 (50x130 lot). The other listing is for a 9 home proposed new construction development with one listing offered on a 28 wide lot at 3022 N Lake Shore drive asking $3.9 million.
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