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This 5 bed / 3 bath row house recently came back on the market with a $55,000 price chop, and is now asking $895,000. It was first listed in March of this year for $950,000 before going under, and falling back out of, contract. Per the listing, this is the furthest east you can be in a single family home in Lincoln Park.

The home was built in 1891 and a lot of the 19th century charm is still present in the form of original parquet floors and fireplaces. Beyond that, the home definitely needs some updating, but once completed, could be stunning. At 3,500 square feet, the current asking price is $256 per square foot. Nearby single family homes in Lincoln Park have sold for $416 per square foot over the last 6 months. This suggests a post-renovation value of $1.46mm for 2113 N Clark, which leaves almost $500,000 for rehab. Since most of the updating appears to be cosmetic, a total renovation should cost half that, at most, leaving a buyer with potentially $250k of equity and an incredible home in an incredible location.

Listing, with additional pictures, can be found here.

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