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Short Sale: Lakeview East Townhouse Continues to Get Hosed

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Sheridan Road welcomed a stampede of anti-urban auto-centric planning several decades ago, from its collection of Shoreline Motels to its predilection for faceless blocks of housing and offices. And when one approaches the string of townhouses at Sheridan & Wellington, vestiges of 1960s housing design are front and center— a fine example of bringing the 'burbs to the city. Oddly, these homes were actually conceived in the 2000s Rebuilt in the last decade is a unit that's been on and off the market since 2007 and is still seeking a buyer, now for the somewhat-less-preposterous ask of $1.399M. Re-listed as a short sale this is probably the seller's last hurrah, reflected by a deep price slash of $300K. That brings the total price reduction on this 4,600-square-foot 4-bed to $1.4M over six years. The home's finishes are fine and dandy with a living room that has a "grand hearth", an atrium sporting skylights, marble and mosaic baths, and three outdoor spaces. The property might not be what's in-demand nowadays, but large spreads within a block of the lake and Lincoln Park tend to fare okay in the long run.
·Listing: 2965 N Sheridan Road [Prudential Rubloff]
·"Traditional Mediterranean" Home Continues Its Rough Go [Curbed Chicago]
·Another Year Gone and This Lake View Townhouse is Still Unsold [Curbed Chicago]