Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Chicago Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago, 08/03/2020

User Stats

5
Posts
1
Votes
Mike W.
  • Chicago
1
Votes |
5
Posts

Why won't my investment property in Lincoln Park Chicago sell?

Mike W.
  • Chicago
Posted

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

Loading replies...