Home for Sale at 860 N Elston Avenue, Chicago, IL 60642

860 N Elston Avenue
Chicago, IL 60642

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Property Details

List Price:	$715,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	2100
Agency:	Compass Real Estate

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1998
Notes:	Unicorn alert! Sun-filled and expansive 3 bed / 3 bath townhome with 2 car parking and three outdoor spaces in booming River West! This corner unit with multiple exposures lives like a single family home with all of the low maintenance benefits of an attached unit at a fraction of the price. With pristine oak hardwood floors on all above-grade levels, the generous living area welcomes you to soaring 13-foot ceilings, a cozy wood-burning fireplace, and double-height windows that bathe the space in natural light. The chef's kitchen offers extensive counter space, combined dining area, generous island with seating, storage galore, new/newer SS appliances, as well as an adjacent 15-foot balcony. The primary suite delights with two separate walk-in closets and a luxurious ensuite that includes a steam shower, jacuzzi, and double vanity. The second bedroom, conveniently located on the same level as the primary, features an updated bathroom with a sleek glass shower. The lower level features the third bedroom, currently used as a living space/recreation room with high ceilings and an updated bathroom. The ideal work from home space is the private top floor office/den, encased in windows that reveal breathtaking views that welcome you to the private rooftop with a brand new rubber membrane ready for your personal build-out. A ground-level, fenced-in stone patio with pergola provides a perfect sanctuary for pet owners. Storage is abundant throughout. Parking is effortless with a 2 car arrangement that includes an attached garage and exterior parking pad. Recent upgrades include a newer high-end furnace, A/C, tankless water heater, and washer and dryer. The exterior was sealed in 2020 and the home was just professionally painted throughout. All of the big ticket items have been taken care of for years of worry-free living ahead. The home is a fee simple property with low assessments in a well-ran HOA. Most of the furniture is separately negotiable. Very close proximity to the expressway, downtown, West Town, CTA Blue Line, buses and the vibrant corner of Milwaukee/Chicago/Ogden Ave.
MlsNumber:	12002406

Listing Provided By:	Compass Real Estate, original listing
Name:	Compass Real Estate
Office Name:	Compass
Office Phone:	(773) 466-7150
Agent Name:	John Federici
Disclaimer:	Copyright Â© 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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