217 East Lafayette was on the market in Station North, and was recently closed by guerilla David Tomasko at $345,000. Situated in the most residential area of the arts district, it’s a catch, with updated appliances, elegant finishes, and an open floor layout. Includes ground level suite with full bath, that backs to two car parking pad and Paul Pollock Memorial Park. Many artists, families and students call this neighborhood home, which creates a diverse population of residents owning and renting.
The neighborhood was once an industrial zone, hosting the Crown Cork & Seal group of warehouses, which produced the locally invented “crown cork” bottle cap. Now, the warehouses including The Cork Factory and the infamous Copycat Building have been hosting artists live + work spaces for decades, including studios, art galleries, and performance venues. Beyond the Copycat artist-owned Area 405 and The Bell Foundry are also players in the neighborhood, along with a favorite, The Station North Tool Library. The SNTL provides classes and tools to the community and often hosts happy hours for the neighborhood art-walk.
Considering buying into Greenmount West? While it was commonplace to acquire fixer-upper properties, developers have caught onto the interest in the neighborhood and finding a fixer-upper below 100k is not what it used to be. Houses start fully renovated at 140k and now climb into the low 300s based on scale. However, it’s still possible to own a home for under $1000/month.
This year guerilla / realty has been busy in Greenmount West, one notable property includes 330 East Lafayette, which has a stellar mural painted on the side by Josh Van Horne that recalls both the neighborhood’s history of manufacturing as well as the current art and music scene. Blocks away are Penn Station, The Bolt Bus, MICA, Hopkins, and plenty of entertainment including live theater productions, outdoor music and dance performances, an independent film theater, and weekly flea markets.