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Price Reduced by $1.8 Million on Wicker Park House

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Back in February, we were somewhat surprised to discover a Wicker Park home with water damage and suspected mold priced at a whopping $3 million — $500,000 more than it sold for in 2008. Finally, almost three years later, the owner of this 3BD, 3.5BA house (who appears to have a rather checkered past) have adjusted the price in a big way. Soon after we posted about it, the house was taken off the MLS, but last week it returned to the market for $1.2 million — a 60 percent reduction. The listing no longer makes any mention of water damage or mold, so hopefully they've cleaned that up.
· 1637 W. Pierce Ave., Chicago, IL [Redfin]
· Water-Damaged Wicker Park Home for $500K Above '08 Sale Price [Curbed]