Thursday, February 27, 2014

A Short Sale Instead of A Museum

The old saying, "It's what you make of it" certainly applies based on a short sale opportunity on Chicago's South Side.

The last I heard, the two-flat apartment building at 4339 S. Lake Park Ave. in Chicago was in the process of being sold to a buyer who, understandably, wanted to (reportedly)  turn the building into a Museum.

That building was the home of blues legend Muddy Waters for more than 20 years, during which he inspired artists such as The Rolling Stones and countless others.

Now, the Chicago Tribune reports that the deal has fallen through, and that this property is now listed as a Short Sale in the $100,000 range. The seller is Waters' great granddaughter.

This is one heck of a Business Opportunity for someone. People will come to see this 19th Century structure, especially with the musical heritage that has been within those walls.

Yet, for some unexplained reason, this is just a blurb in the newspaper. (Not even the headline of the story.) In a city that heavily promotes tourism.

All it takes is for someone to turn this into the shrine it should be. It would be one heck on an income opportunity for whoever does. But for some reason it's a big secret.

That's enough to give me the blues.


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