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2047 N Clifton Avenue
Chicago, IL 60614
$4,000,000
Conventional
Property
Bedroom
7
Bathroom
7
Property Type
Conventional
Square ft
--
Property Description
Situated on an extra-wide one-way street, steps from Armitage in the heart of Lincoln Park, this stunning residence embodies elegance and sophistication at every turn. Spanning three floors above grade plus a full lower level, this home boasts a unique and original floorplan, offering a total of 7 bedrooms (or 6 beds + a home gym/office) and 5 full baths along with 2 half baths. One of the many elevated features that set this home apart is its coveted breezeway connecting the home to its attached garage - a true rarity and convenience for Chicago winters! Experience the pinnacle of outdoor living with three stunning outdoor spaces, including a raised rear terrace directly off your family room seamlessly connecting to a garage rooftop deck, and a two-tiered rooftop deck boasting a gas fireplace and optional hot tub. Upon entering, prepare to be captivated by the extraordinary 11-foot ceiling height on the main floor, creating a striking sense of grandeur. The dramatic atmosphere is further enhanced by curved cased openings, intricate ceiling details and custom built-ins throughout. Featuring a large living room and ample dining space with a custom concealed door leading to the butler's pantry and walk-in pantry. Prepare to be wowed by the magnificent chef's kitchen - complete with custom rift-cut white oak cabinetry, an oversized island with waterfall edges and full height stone backsplash, professional grade Wolf + Sub-Zero appliances and a built-in banquet surrounded by additional cabinetry. Luxury abounds with custom millwork while striking 9-foot solid core interior doors throughout the main floor add to the upscale ambiance. Upstairs on the second floor, 10-foot ceilings set the stage for four bedrooms and 3 full baths, providing ample space for family and guests. Ascend to the third floor, flooded with natural light from three skylights above the stairs, to discover a large family room, a guest suite, and a sleek wet bar equipped with a full-size fridge and freezer, dishwasher and sink seamlessly leading to the private two-tiered rooftop deck - perfect for entertaining or simply unwinding in style. The lower level features radiant heated floors throughout and an expansive recreation room with 9-foot ceilings and two additional bedrooms (or home gym), an additional wet bar along with one full bath and one half-bath, ensuring plenty of space and privacy for all. Also, a second full-size washer and dryer add to the convenience, while a pet washing shower with tile surround and hand shower elevates the luxury living experience for you and your furry friends. Experience true convenience with a radiant heated snow melt system, - from the front stairs to the public sidewalk, the side walkway, the breezeway floor, and the garage floor. Don't miss the opportunity to make this extraordinary residence your own!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
11992093
Location
Address
2047 N Clifton Avenue
City
Chicago
State
IL
Zip Code
60614
County
COOK (NORTHEAST CHICAGO)
Listing
Provider
Jameson Real Estate LLC, original listing
Name
Jameson Real Estate LLC
Phone
(312) 335-3291
Office Name
Jameson Sotheby's Intl Realty
Office Phone
(312) 751-0300
Agent Name
Sam Jenkins

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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.

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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.