how much would you pay for a 1 bdr unit that needs total gut in this building?

Asked by Scarlet, Lake Forest, CA Fri Mar 5, 2010

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Matt Laricy, Agent, Chicago, IL
Fri Mar 5, 2010
With a good view, no more than 185k.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
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Eric Marcus, Agent, Chicago, IL
Fri Mar 5, 2010

It depends whether or not it has a view and its size. A lower floor price might be appropriate at $140,000 while an upper floor might be more appropriately priced at $200K+.

Eric Marcus
ESM Realty
Your Real Friend in Chicago Real Estate
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Philip Sencer, Agent, Chicago, IL
Fri Mar 5, 2010
The unit you refer to is not a 1 bedroom and it depends partly on the view. The North view is preferred in this building. I can send you the past comparable so you can decide for yourself.

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Susan Berman, Agent, Chicago, IL
Fri Mar 5, 2010
Great building, amazing location. What floor? what view? Need that information to provide the best answer.
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Mark Malave, Agent, Chicago, IL
Fri Mar 5, 2010
I am of the opinion that if you can't get a great deal then don't buy. I would pay $75k for a unit that needs a gut. That leaves you room for the "unknowns" that always come up during a project.

Feel free to call or email me for details.

Mark Malave
American International Realty
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