Slum houses of Elgin

[sgrizzle]

I saw them today. They are not great, but not horrible. I could see them turning into some obscure coffee shop or music store pretty easy.

[waterboy]

quote:Originally posted by sgrizzle

I saw them today. They are not great, but not horrible. I could see them turning into some obscure coffee shop or music store pretty easy.

Wanna' fund me and prove Inteller & co. wrong? I'll rehab them on cost plus![]

[TURobY]

quote:Originally posted by waterboy

Wanna' fund me and prove Inteller & co. wrong? I'll rehab them on cost plus![]

On cost plus a smile? That sounds reasonable to me. []

[inteller]

quote:Originally posted by waterboy

quote:Originally posted by sgrizzle

I saw them today. They are not great, but not horrible. I could see them turning into some obscure coffee shop or music store pretty easy.

Wanna' fund me and prove Inteller & co. wrong? I'll rehab them on cost plus![]

yes, please prove me wrong.  they are shacks that need to go.

[dsjeffries]

I took it upon myself to take some photos after work... Here's a panorama I made of them...



I'll post closeup later...

[guido911]

quote:Originally posted by MichaelBates

quote:Originally posted by inteller

quote:Originally posted by waterboy

If they are the ones I'm thinking of they sit next to an abandoned luncheonette (good name for an album!) and they have for sale signs on them. They are actually are rented out to tenants and the yards are used for paid parking. Seems like the price was around 175k. They must be circa '07, '08.

175k for both of them?  I'll give them $10 and a box of matches.

Why not renovate them into some sort of interesting boutique or cafe?

Have at it.

[inteller]

the big tree next to the catholic bum slum and the first white house needs to have mistletoe eradication done on it or that parasite will kill it.

[EricP]

YES, I drive by those pieces of crap every day. Give me the keys to the bulldozer, they are absolutely falling apart. Build anything but a parking lot and it will be much better than it was before.

[waterboy]

You guys write me the check for supplies. I'll start this weekend. [] When I spoke to the owner two years ago she was basing its value on the parking spaces available. Typical. Thats why stuff got torn down the last decade. Even so when I put the pen to it, the parking spaces wouldn't make the mortgage. Isn't that a historical district?

[dsjeffries]

[EricP]

I'll pitch in $50. [] And yeah... that tree looks very sad

Grrrrrrr... how does this stuff happen? We need some insanely rich and motivated investor to slather his/her millions around downtown. Paging  Mr. Warren! Orrrrr maybe we need T. Boone Pickens Avenue?

[we vs us]

BTW, good job on the photodocumentation, DScott.  Definitely helps visualize which slums we're talking about []

[inteller]

The house on the right could probably be saved through some MAJOR rehabilitation....but the one next to the catholic bum slum needs to be torn down because it has had modifications to the original roof line done and i'm sure that cape cod shingle look on the top is NOT original.  I'm also of the belief that the out building between the catholics and the first house is not authorized/permitted and needs to come down.  I bet if I did a survey I'd find that it crosses the lot line.

I'd buy them both for $90k with the understanding that the first house is coming down.  And I'd see how far $10k gets me on the second house before I decide to tear it down.

[waterboy]

You live at 101st and Memorial. Could there be some cross culturalization going on here? Perhaps the owners of this slum house could chime in on what to do with the development on your corner?

How does the plight of most of downtown any different than these two properties? Most have out of date styling, are more valuable as parking than their original use, sit vacant, for sale but over priced, suffer probable encroachment, are unappreciated by the burbs, and sport out of town owners. One difference is it doesn't have the graffiti that the Tulsa Club building has.

After you invest 90k to buy them, 10k on failed rehab efforts, you have a 100k parking lot that has to offer roadway access to the Catholic widows colony next door diminishing the number of parking spaces to about a dozen. If they go for $40 a month at 100% occupancy thats $480 a month. Will that cover your mortgage, taxes and maintenance?

[EricP]

There is nothing cross cultural about those dumps being dumps. If I owned some absolute garbage property that I was hanging on to while it fell apart and rotted in an effort to try and sell it for parking, at some point I would get tired of waiting..

We don't need more parking, we need HABITABLE and DESIRABLE places for people to live and frequent. Those houses in the condition they are in and the parking lots they would probably become are both NOT what we need. I was also thinking about any historical value of the homes, and you are right the house on the left has definitely been screwed with and ruined.. and the one on the right has gaping holes all over the outside. I bet it smells lovely in there.