Buyers scooping up investment condos and fixer uppers
The $200,000-$300,000 livable condo in Lake View and Lincoln Park is back. Last night our client sized up a condo in need of a gut renovation in Southport Corridor. This one was a little “too much” to handle at this time. The large two bedrooms, one bath condo at 1501 W Cornelia is asking $199,000 and is an excellent location…but nothing has been touched since the 1970s and 1980s. It’s basically a gut job. Bath from the past! Decorative paneling in the bathroom with the original cast iron tub. My guess is investing $40,000-$50,000 wisely...
