Union Square Properties Headed To Auction (BBJ Story)
Almost an entire block of two-story rowhouses in historic Union Square is headed to auction this month as part of a portfolio sale. The set of 10 houses sit in the 1600 block of Lemmon Street, an eastbound thoroughfare wedged between Pratt and Lombard streets near Union Square Park. They include a mix of vacant and leased dwellings.
The properties are being sold as a group by Alex Cooper Auctioneers, according to a listing on the company's website. The opening bid in the online auction that starts at 1 p.m. on Nov. 14 is $150,000 and a $15,000 deposit is required of all bidders. Bidding closes at 1 p.m. on Nov. 19. The auction company says settlement is 45 days from the sale date. The houses were built in 1881 and are about 700 square feet each. They are located at 1604, 1605, 1606, 1607, 1608, 1609, 1610, 1611, 1612 and 1613 Lemmon St. and were sold in January to Sebastian Ehreiser, a local investor. The area is in a community that once was a hub for Irish and German immigrants who landed in Baltimore once they arrived in the United States. The Irish Railroad Workers Museum is three blocks away at 918 Lemmon St. The auction of the 10 rowhouses in Union Square is the latest move in a community that is in the midst of a transformation.