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Old 12-20-2009, 01:57 AM
 
Location: Lincoln Park
838 posts, read 2,893,525 times
Reputation: 172

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There are a couple of nice but very reasonably priced units in a swank condo building on 1000 w leland for sale, but someone's told me that that location is in the center of the pit. As such its not good to buy and think the value will go up somehow or rent it out. Is it really that horrible that neither option is viable?

Last edited by lincolnparker; 12-20-2009 at 02:35 AM..
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Old 12-20-2009, 02:30 AM
 
Location: Chicago
15,587 posts, read 24,544,556 times
Reputation: 1761
That address is in one of the worst parts of Uptown.
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Old 12-20-2009, 02:34 AM
 
Location: Lincoln Park
838 posts, read 2,893,525 times
Reputation: 172
worst as in gun fights, stabbing, and mugging around the clock?

Quote:
Originally Posted by Avengerfire View Post
That address is in one of the worst parts of Uptown.
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Old 12-20-2009, 03:26 AM
 
Location: Chicago
38,704 posts, read 93,560,334 times
Reputation: 29746
My take is this: no.

There's a reason these units are "reasonably priced."
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Old 12-20-2009, 07:52 PM
 
11,288 posts, read 23,670,772 times
Reputation: 11207
Quote:
Originally Posted by lincolnparker View Post
worst as in gun fights, stabbing, and mugging around the clock?
Not around the clock, but....

Uptown is about 75% better than its reputation because the bad areas are pretty consolidated into a few key "whacko" stretches. That address would pretty much be in the heart of the "whacko".
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Old 12-21-2009, 01:28 PM
 
Location: Chicago
15,587 posts, read 24,544,556 times
Reputation: 1761
Just like clockwork...

"Two people were seriously wounded Monday morning in a stabbing in the Uptown neighborhood.About 10:45 a.m., emergency crews responded to the area of Broadway and Wilson Avenue and found two stabbing victims..."

2 Stabbed, Seriously Wounded In Uptown - cbs2chicago.com (http://cbs2chicago.com/local/uptown.neighborhood.stabbing.2.1383685.html - broken link)
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Old 12-22-2009, 11:20 AM
 
14 posts, read 34,345 times
Reputation: 12
Uptown still has lots of crime but I guarantee you, any property that is walking distance from a CTA train is golden as people no longer want the hassle of a car.
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Old 12-22-2009, 01:07 PM
 
11,973 posts, read 28,937,029 times
Reputation: 4608
That block itself has some nice buildings and a core of committed residents who are really trying to change things, but it's still quite possibly the worst area on the North Side (which to say, is not as bad as its reputation). I would avoid it, but it's amazing how much difference a few blocks makes in this neighborhood.
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Old 12-22-2009, 07:17 PM
 
8 posts, read 12,419 times
Reputation: 22
It's cheap for a reason. Lot's of crack dealers and users, gangs, homeless people, and mentally unstable population. Avoid this place like the plague.
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Old 12-22-2009, 07:36 PM
 
Location: Chicago
38,704 posts, read 93,560,334 times
Reputation: 29746
Quote:
Originally Posted by Paul Rose View Post
Uptown still has lots of crime but I guarantee you, any property that is walking distance from a CTA train is golden as people no longer want the hassle of a car.
So you'll be buying a house right by the 63rd and Halsted station, eh?
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