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Old 04-02-2009, 09:12 PM
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Default Should I buy this house in Evanston for $53K as an investment?

I'm thinking of a summer house in Evanston. What's the downside?

1726 Lyons Street Evanston, IL 60202 $52,900

1726 Lyons Street, Evanston, IL, 60202 - MLS ID#07089048 - Single Family Home real estate - REALTOR.com®
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Old 04-02-2009, 09:17 PM
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I think the ad may be a misprint.
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Old 04-02-2009, 09:45 PM
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Originally Posted by Manigault View Post
I think the ad may be a misprint.
Just checked the MLS and spoke with the listing agent, the price is correct at 53k and it is corporate owned in need of some work.
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Old 04-02-2009, 10:06 PM
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Originally Posted by promis1 View Post
Just checked the MLS and spoke with the listing agent, the price is correct at 53k and it is corporate owned in need of some work.
The house looks pretty nice from the outside - and by the lake, how can you go wrong? The wrought iron fence alone is worth about 5k.
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Old 04-02-2009, 10:12 PM
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Originally Posted by KRAMERCAT View Post
The house looks pretty nice from the outside - and by the lake, how can you go wrong? The wrought iron fence alone is worth about 5k.
u cant lose on this deal.
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Old 04-02-2009, 10:21 PM
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u cant lose on this deal.
I did notice that the home was built in 1895. Is that common for that area? In Scottsdale we rarely see homes over 40 years old.
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Old 04-02-2009, 10:31 PM
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Originally Posted by KRAMERCAT View Post
The house looks pretty nice from the outside - and by the lake, how can you go wrong? The wrought iron fence alone is worth about 5k.
Asbestos abatement, termite infestation, serious mold infestation ...

Do your due diligence before jumping in quickly.
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Old 04-02-2009, 10:46 PM
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KRAMERCAT is a jewel in the roughKRAMERCAT is a jewel in the roughKRAMERCAT is a jewel in the roughKRAMERCAT is a jewel in the roughKRAMERCAT is a jewel in the roughKRAMERCAT is a jewel in the roughKRAMERCAT is a jewel in the rough
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Originally Posted by jlawrence01 View Post
Asbestos abatement, termite infestation, serious mold infestation ...

Do your due diligence before jumping in quickly.
Of course - you always do an inspection - best $300 you can spend.
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Old 04-03-2009, 08:28 AM
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middle-aged mom has a brilliant future
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Summer house?

This is not your typical summer cottage or neighborhood.
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Old 04-03-2009, 12:22 PM
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Sounds like a fun investment. Willard school, as I understand it, is pretty good. So for resale you'd do ok.
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