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4-Bed Edgewater Short Sale Asks $275,000

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What's this? A good-sized livable house at just about half the average price/sq ft for Edgewater single-families? Yes, this newly-listed frame house has some old-fashioned finishes and a consistent tackiness, but it's fundamentally sound. The "finished walkout basement" looks like it could still use some work, but does come with a full bath. Other goodies: abundant attic storage space; back yard; front porch; and, a two-car garage. And all within a few blocks of the lake. Not bad. Despite the short sale status, the listing agent assures that no long waits will take place. But you might brace yourself for one anyway, just in case. The ask: $275K.
·Listing: 1437 W Highland Ave. [RE/MAX]