Bridgeport Townhouses Get Finishing Touch

Bank had to complete the repossessed Riverside Homes before selling them—below the original asking price

Riverside Homes, located in Bridgeport

BRIDGEPORT $375,000

When Chicago Community Bank repossessed a building with six townhouses in the 27-unit Riverside Homes subdivision in Bridgeport, it had to complete the structure before it could sell the homes. Three of the units had already been sold, and now the remaining three are on the market at $375,000 each—down more than $100,000 from the original developer’s asking price.

Each of the four-level homes has three bedrooms, two and a half baths, a well-appointed kitchen (42-inch cabinets and stainless steel appliances), and a two-car garage. A top-floor deck offers views of the city, and the bottom floor holds a family room that could also serve as an office. The homes have two zones for heating and cooling, as well as thick insulation in the exterior walls that saves energy and blocks noise from the nearby Stevenson Expressway. All three units open onto a private parklike space along the South Branch of the Chicago River. Vision Group Realty is handling sales.

Send tips about home sales to dennis@rodkin.com.

 

Photograph: Courtesy of Vision Group Realty

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