August 12, 2010

HOT - 7712 N Ashland Online Auction

Wow, look at what you can purchase for just $1000! Auction – 7712 N Ashland.

Of course, you will also purchase the Code Violations. According to a very trusted source who does real estate law – the TOP floor of 7712 N Ashland sold July 1 for $75,000. *Thanks Chris for the auction and code links!

So I printed the information from the email including snapshots from the Cook County Recorder of Deeds for the Beat meeting. Still, the representative from the ward office insisted that someone lives there. Maybe – but who would want to live in a building where squatters and party people are running in and out all night? Who would really want to live in a building without a door knob, lock, or any kind of security?

Punks removed the doorknob

It was suggested that with the ward’s help, corporation counsel could be contacted to put this place into receivership. "The city as well as Fannie Mae have the authority to have a receiver appointed to address these problems." Fannie Mae owns the other 3 units.

Any neighbors residing near 7712 N Ashland may contact me or call the ward office with this suggestion. Is it any wonder that the decline of any neighborhood is hinged on this type of quick sale to investors? This property has flipped several times since the first foreclosure. In between flips - non-resident 'owners' rented to anyone and their clan.

6 comments:

Bosworth said...

Building code violations that date back to 1996. This building has been reported as a problem for years.

I'm sure I don't understand how this works, but does the alderman's office get a copy of building code violations when they are written? Can they get copies of building code violations when they are made aware of problem buildings in the ward? If so, do they have any authority or responsibility to help enforce these codes?

Why doesn't the alderman or someone from his office help get this building cleaned up?

What are they doing about the other problem buildings in this neighborhood?

There are multiple buildings NOH that have these same visible building code violations. Why aren't they being addressed also?

Ignoring the problem does not make it go away.

Fargo said...

It's painful to see how far this building has fallen since it was rehabbed by the owners who lost it to the first foreclosure. It's unfortunate that this result of their messy personal life has had such a lasting effect on the neighborhood. I'm sure the neighbors would be grateful to see a responsible owner buy this building and live in it.

Toni said...

The ward office hasn't been too involved NOH for some time now. When I moved here, cleaning up the Broadmoor was the issue du jour. There was a problem in a building on our street that resulted in a meeting at the ward office. That Problem was resolved (or calmed) for a few years but returned over the summer. It appears though that thanks to some neighborhood pressure, the issue is not as noticable.

However, you are Correct Bosworth -there are several problem buildings with violations of some sort - code and/or human...here. Look at the Howard Theatre building, 1625 is one busy doorway, and it isn't the Avon Lady calling either.

just some grrl said...

Came across this post by accident but I am here to tell you that a responsible person has indeed purchased in the building and will be turning it around. We just bought unit 1 which is just above this garden unit. We tried to purchase the garden as well but it ended up out of our price range at $9000 (still a bargain though!). My husband is a union carpenter and general contractor so we have carefully reviewed the code violations and they're not really a big deal. We have already had the necessary professionals out to review every aspect of the building and plan to have most (if not all of) the violations cleared up by the next court date which isn't until January. I was told the alderman was informed by the city's lawyers, but I don't think they can do anything besides take the building's owners to court which they have done. Fannie Mae went in and just got an extension so they could dump the places before they had to deal with them.

As for the top floor unit, not sure where you got your information but I called Fannie Mae about it and they told me they own the unit and it will be going up for sale. They wouldn't tell me when or why it isn't for sale with the rest of the building but I was put in touch with the listing agent so I imagine that will happen soon.

Door locks will be replaced soon but truthfully, I imagine it was Fannie Mae who removed them because when the building foreclosed no one turned over keys so they simply drilled them out for easy access.

I have a friend who used to live on the block and told me the history of the block, a shame indeed.

But I can say, soon the original glory of the building will be restored!

The North Coast said...

I saw this place on the multilist, and was momentarily tempted, but had no trouble resisting.

There are so many foreclosures all over Rogers Park, West Ridge, and other neighborhoods just like this, and what's worse, code violations are oftentimes the LEAST of the problems for a prospective buyer.

Still worse are the substantial liabilities places like this come encumbered with, such as unpaid utility bills and taxes. A moderate income buyer simply cannot assume such a risk nor will she get financed to do so, because those liabilities are potentially unlimited to the luckless schlep who buys the place. I looked at a little $26K place at 1550 W Arthur, at Ashland, and there were shutoff notices from Nicor Gas and the water dept- $10,300 and $6,700 respectively. The building is just not paying its bills! Do YOU, the prospective moderate-income buyer, want to pay them, and keep ON paying them for the whole building?

It will take such a long time to clear all this garbage from the market, and neighborhood stakeholders need to be thinking of ways to address this situation. I am right now searching through stored emails for an artists group I heard from, that wants multi-family properties members can convert to an low-cost co-op for artists, and see if perhaps they are interested in some of the smaller (3 to 20 unit buildings) in this area where the entire building is foreclosed and vacant.

This could be a good time to form good, solid co-ops, privately financed, to get good, solid people including artists and other creative types, as well as solid working class families, into decently priced housing at a low cost, with no cost and risk to the taxpayers, which will prevent these places from being turned into rent-mine slums by "investors" who don't live in the neighborhood or care about it.

Toni said...

Just some grrl - The information on the top floor sale is public - check out Cook County Recorder of Deeds. You might want to have Fannie double check their information via that site. If they 'removed' those locks, that's terribly irresponsible considering the damage squatters could add to the existing issues inside. In fact, the window pane in the door has been broken out for months so people could just reach inside and twist the knob if necessary. So I'm not sure where you're information is coming from. It was boarded up, padlocked for a brief time until all hardware was removed.

Good luck -