Short Sale: Far Northwest Side 4-bed Lists for half its '04 Ask

In Hermosa, that little 'hood just west of Logan Square, this purty little Victorian on a double lot is on the market for a mere $125K, down from the '04 sale price of $250K. Baird & Warner's Connie Grunwaldt confirms it as a short sale, but even so this is a remarkable price break given its size and condition. The four-bedroom also has two baths, hardwoods throughout, a front porch, back deck, and a garage. Yard space extends from the street through to the garage well beyond the house. Granted, the area has an arsenal of homes at comparable prices (short sales and otherwise), but of generally far inferior quality. See this, this, and this if you need proof.
·Listing: 2515 N Kildare Ave. [Baird & Warner]