The low rent paying tenants of this Logan Square three flat promised the out of state owner of their building that they'd be happy to assist with fixing up the basement and making sure prospective buyers had full access to the property. The seller's realtor has also been happy with this arrangement which has allowed him to charge a full commission while never having to actually go to the property. After sixty-seven weeks on the market, neither seller nor agent can figure out why their once 'hot' property is not selling.
LOGAN SQUARE
A NOT SO GLAMOROUS LOOK AT THE UNDERBELLY OF CHICAGO'S HOUSING MARKET
All photos taken live from Chicago properties & environs
All photos taken live from Chicago properties & environs
Showing posts with label tenants. Show all posts
Showing posts with label tenants. Show all posts
Friday, April 27, 2018
Tenants Help Seller Find the Right Buyer
Labels:
2 flat,
agent,
basement,
building,
chicago,
dead people,
hipster,
hot property,
landlord,
logan square,
Lord,
low rent,
multi-unit,
prospective buyer,
realtor,
rent,
seller,
slumlord,
tenants,
three flat
Wednesday, November 23, 2016
Tenants Attempt to Scare Future Buyers
In an effort to undermine their elderly landlord's attempt to sell his only worthwhile asset, and hopefully preserve their very below market rent, the tenants of this renovated Lakeview 6 flat posted a distinct warning to give prospective buyers doubts on their potential purchase. As of press time, there is still no confirmation that the tenants were subsidizing the homeless gentleman that was sleeping on their front stoop.
Lakeview
Lakeview
Labels:
2 flat,
6 flat,
agent,
asset,
below market rent,
exterminator,
homeless,
lakeview,
landlord,
lincoln square,
prospective buyers,
purchase,
rats,
realtor,
sell,
stoop,
tenants,
Trump sucks,
warning signs
Friday, October 14, 2016
Lincoln Park - The Other Side
Lincoln Park is known in Chicago for it's well preserved and not inexpensive buildings consistently drawing the highest square foot home pricing in the city. However, if one looks closely between the multi-million dollar renovations and urban mansions, the sight of slightly decaying hundred year old frame buildings cast an odd wrinkle to the neighboring wealth. And much to a Lincoln Parker's dismay, the old miserly landlord won't sell. And his tenants prefer Bud Light to bathing much to the consternation of nouveau Logan Square residents who, despite their boastful pride of not being 'from' Lincoln Park, only differ in their eagerness to spend a disproportionate amount of their lower incomes on micro-brewed beers, who themselves, are hoping Bud Light will finally decide to buy them out so they can retire to Lincoln Park.
Lincoln Park
Lincoln Park
Labels:
agent,
bathtub full of cheap beer boxes,
beer,
inexpensive,
landlord,
lincoln park,
logan square,
micro-brewery,
miser,
mop,
preserved,
realtor,
renovations,
snob,
square foot,
tenants,
urban mansion
Friday, June 12, 2015
Pilsen Artists Really Struggling
The tenants of this Pilsen two flat were bemoaning increasing rents to prospective buyers of their building, highlighting their third world television as a prime example of their financial difficulties. They then retreated to their enclosed porch to watch a BitTorrent download of Game of Thrones on their new Macbook.
Pilsen
Pilsen
Labels:
agent,
artists,
bitTorent,
bridgeport,
buyers,
chicago,
download,
enclosed porch,
Game of Thrones,
income gap,
low rent,
Macbook,
pilsen,
real estate,
realtor,
satellite,
screwdriver,
television,
tenants,
two flat
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