They say Real Estate is all location, location & location, so why does someone build a nice custom built home on the worst lot they can find?
This custom buitl split level is in Chicago's Garfield Ridge neighborhood. As you can see it backs up to railroad tracks. In addition it sides on a four lane arterial street. Behind the tracks is commercial property, across the arterial street is commercial property and its close to the Midway Airport flight path.
Multiple forms of external obsolescence, nice house, real bad location.