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Languishing On The Market in Lincoln Park

This is the first installment in a series about forgotten homes. And not your boarded-up, burned, or collapsing variety either, but a more mystifying kind. You might also call it a series on lapsed luxury.

Up first, pictured above, is a specimen from the enchanted region of Lincoln Park. A 5BR, 6BA(!) behemoth, this four-story brick single-family at 2214 N. Magnolia actually manages to be quite understated. On and off the market for four-and-a-half years, it might suffer from its simplicity. This is Lincoln Park, after all. But once you head inside, your impressions change. For starters, there's the limestone fireplaces, the limestone counters, the limestone tub, the lime... well, let's just say it's a motif. Then you have the five bedrooms, each with a private terrace. Don't forget the finished basement, three-car garage, and skylighting. Oh, and there just so happens to be an elevator. First listed at $3.975 million in 2007, the asking price is now $2.99 million. Sheesh! You could buy two or three bungalows for just the reduction on this one.
· Listing: 2214 N Magnolia St. [Redfin]