Home for Sale at 1714 S Indiana Avenue, Chicago, IL 60616

1714 S Indiana Avenue
Chicago, IL 60616

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Property Details

List Price:	$1,450,000
Beds:	4
Baths:	5
Status:	Active
SqFt:	4000
Agency:	Compass Real Estate

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	2005
Notes:	Sprawling end-unit Kensington Park townhome with low HOA situated on a secure private courtyard with gated front garden, balcony off kitchen with gas connection for BBQ and rooftop patio. High-end contemporary updates with fantastic storage space throughout including eight walk-in closets with custom storage built-ins, the epitome of move-in ready. Unique curved architectural windows on all four levels and windows on three sides of the unit on second and third floors. The formal living room is filled with natural light from the wall of windows with custom window shades and centered around an inviting fireplace. The open floor plan offers a seamless flow from living to formal dining space and kitchen with chic lighting fixture and new hardwood floors. Sleek updated chef's kitchen features a huge peninsula wrapped with quartz countertops, custom cabinetry with tons of storage space and pantry, high-end Wolf gas cooktop, Viking, and Miele stainless steel appliances including built-in coffee station and beverage fridge, separate built-in Subzero refrigerator and separate built-in Subzero freezer, eat-in kitchen dining area and slider doors to the terrace perfect for grilling. First floor family room provides even more added living space with wall of custom entertainment center built-ins, French doors, a full bath and bedroom on the same level. Stunning primary suite with two walk-in-closets with custom organizers, and ensuite primary bath with dual sink vanity, two-person soaking tub with elegant light fixture and glass enclosed shower with multiple body sprays. Two more spacious bedrooms with hardwood floors, custom window treatments, and walk-in-closets. Versatile top floor room currently used as an exercise space could easily be used as media room or fifth bedroom, features wet bar with beverage fridge and slider doors to the private rooftop terrace. Side-by-side washer and dryer conveniently located on the bedroom level. Home is designed for elevator lift installation. Attached two car garage with epoxy floor finish. Exceptional attention to detail throughout. Desirable South Loop location with multiple parks nearby, Museum Campus, the Lakefront Trail, and many wonderful shops and restaurants, with convenient access to the Loop, public transportation and expressways and steps from the EL trains.
MlsNumber:	11899182

Listing Provided By:	Compass Real Estate, original listing
Name:	Compass Real Estate
Office Name:	Compass
Office Phone:	(773) 482-1917
Agent Name:	Nadine Ferrata
Disclaimer:	Copyright Â© 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered.

VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale.

This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments.

Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.

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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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