WICKER PARK — The price on a unique Wicker Park home described in a listing as “a historic brick masterpiece” was just reduced by $100,000.
One block west of Damen and Division on the border of Ukrainian Village and Wicker Park, the Italianate single-family home, 1138 N. Hoyne, first went on the market in February. Built in 1875, the home is situated on a wide lot and features an enclosed side yard.
Real estate agent Jeff Proctor, who’s selling the home for a growing family relocating to Winnetka, said he cut the price of the home last week because there was an offer that was close to being finalized but “didn’t come together.” That prospective buyer had offered around $2.69 million, so Proctor and his client decided to reduce the cost of the home to get closer to a price they’d be willing to accept.
“There’s no sense in listing it higher than what we are willing to sell it for,” Proctor said.
Proctor said the majority of people who’ve toured the home are looking at it because they like the side yard. The yard is 18-foot wide and even if side yards were developable (in Wicker Park the yards are historical protected landscapes), it would not be wide enough to build another home on.
The five-bedroom, four-bathroom home is made of Chicago common brick dyed a stately red. Several years ago the home underwent an extensive custom redesign by Evanston-based Morgante-Wilson and in 2015, it was fully remodeled with interior design by SuzAnn Kletzien Design.
“You are getting the Chicago historic feel and new and updated amenities,” Proctor said, adding that the 2015 remodel put $600,000 into the home.
“The whole interior was redone, along with the master bath and bedrooms. There is a new audio video system, security cameras, a new roof, and the exterior was re-tuckpointed,” Proctor said.
In 2009, the home was one of 17 honored with a “Chicago Landmark Award for Preservation Excellence” designation. In 2014, Curbed featured the home when it was for sale, then asking $2.3 million.
County records show the 5,000-square-foot home was last sold on January 17, 2015 for $2.15 million.