One of our buyer clients
just closed on 2133 N Southport #2
. This was a short sale
condo with two beds, two baths and garage parking built in 1998. The final sale price was $270,000
which is a great value compared to most similar properties sold over the past year and under currently under contract.
|2133 N Southport #2 in Lincoln Park is a good value buy for our client and great for a roommate situation (Photo Eric Rojas, Broker)|
All our clients have different motivations. This particular client was more investment minded. He wanted a space good for roommates and that would afford a relatively low cost of living in Lincoln Park.
We helped the first-time buyer quickly evaluate the short-sale situation, his goals and potential rental income of the property.
It turns out our timing was great...the lender just verbally approved the short-sale price after a previous contract fell through. Our client did not hesitate to write an offer after our first showing. The contract was accepted and the deal approved swiftly by the lender.
|The 2100 Block of North Southport is pretty quiet to the north of the property.|
The 2100 Block of North Southport
is right between the action of Webster Street bars and restaurants and the North Clybourn retail stretch
. It's relatively quiet despite it's proximity to busy traffic and retail along Clybourn. The price was well discounted for the bustle and short-sale however. The rental income from the condo covers our client's mortgage payment AND his current location's rent with his roommates until he moves in!
|Looking southeast down Clybourn from the Southport intersection on a gloomy Saturday...Trump Tower in the background (Photo, Eric Rojas)|
The condo is at the foot of the Clybourn retail and restaurant corridor in Lincoln park. Very easy shopping and access to downtown. We congratulate our client on a great value and fun place to live!