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Updated over 4 years ago, 08/03/2020
Why won't my investment property in Lincoln Park Chicago sell?
Hello world,
What am I missing? I realize it's a pandemic, but other similar units are selling, this one will not sell.
I own an investment property condo, 2bd/1ba in Lincoln Park in Chicago. It's in the heart of Lincoln Park off Armitage Ave on a little desirable street, we have now made it the lowest priced 2bd in the neighborhood (besides garden units and high rises), it has decent finishes, in unit laundry, GFA, we had it staged, I don't get it. It cash flows as a rental property $200 per month after a bank loan.
My agent said he's stumped, we get 3-6 showing requests per week. Buyer feedback reviews have noted the small 900sqft space, but then why do other 900sqft condos in the neighborhood sell?
Here's the listing: https://www.redfin.com/IL/Chicago/1919-N-Bissell-St-60614/unit-K/home/13351562