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(18 Sep 2009) HEADLINE: Obamas' Chicago neighbors trying to sell home CAPTION: The house directly next to President Barack Obama's home in Chicago is for sale. There is no asking price for the 8 bedroom home. While the current homeowner says its a great neighborhood, it does have its drawbacks. The AP's Mark Carlson explains. (Sept. 18) [Notes:ANCHOR VOICE] NB. THIS IS A VOICEOVER TRANSCRIPT, NOT A FULL SHOT LIST. ON THE SOUTH SIDE OF CHICAGO THERE IS A 6,000 SQUARE FOOT 8 BEDROOM HOUSE FOR SALE. Matt Garrison/Realtor "The house needs work. It was built in 1906 and some of the kitchens and bathrooms need work." THE OWNERS PAID ABOUT 40 THOUSAND DOLLARS FOR IT BACK IN 1973. Bill Grimshaw/owner "I'm convinced that there is a guy out there who has a very large sack of money who would give almost anything for the opportunity..." GREENWOOD AVENUE IS NORMALLY PRETTY QUIET...BUT ONE OF THE NEIGHBORS IS A LITTLE BIT OF AN ISSUE. Bill Grimshaw/home owner "When he's here the street turns into a mad house." GARRISON'S RELATIONSHIP WITH HIM USED TO BE MORE NEIGHBORLY. Bill Grimshaw/home owner "Chit chatted over the fence. Talked in the backyard. He smoked. I bbq'd." BUT FOR THE LAST YEAR OR SO IT'S BEEN KIND OF DISTANT BECAUSE THE NEIGHBORS AREN'T HOME MUCH. HOWEVER, THEY ARE STILL HAVING QUITE AN AFFECT ON GARRISON'S PROPERTY. PEOPLE DON'T KNOCK ON HIS DOOR VERY MUCH ANYMORE. Bill Grimshaw/home owner "That's the old way of visiting the Grimshaws. The new way of visiting the Grimshaws is let us know you are coming. We'll call the security. We'll leave your name at the gate with the police officer. THAT'S RIGHT, THERE IS A CHICAGO POLICE OFFICER BLOCKING THE STREET 24 HOURS A DAY WITH A BARRICADE. Bill Grimshaw/home owner "This has to be the 3rd safest place in the western world." IT'S A DOWN HOUSING MARKET AND THE REALTOR DOESN'T EVEN KNOW WHAT THE VALUE OF THE HOUSE IS...THERE IS NO ASKING PRICE...BUT THERE IS ONE HUGE SELLING POINT. Matt Garrison/Realtor "It's a pretty simple question that we're posing to the world. Who wants to live next to the President?" Matt Garrison/Realtor "It's the worlds ultimate gated community. Anyone who comes in or out of this community the secret service has to have their name on a list." MARK CARLSON/STANDUP HAVING THE BEST SECURITY IN THE WORLD COMES WITH GREAT PERSONAL COST ESPECIALLY WHEN THE PRESIDENT IS HOME. Bill Grimshaw/home owner "There are like 30 to 40 guys. Cars all over the place. Red alert kind of circumstances. Everybody is tense. Everybody's head is on a swivel." THIS HOUSE SO CLOSE TO THE OBAMAS THAT YOU CAN SEE their home FROM THE DINING ROOM TABLE. Matt Garrison/Realtor "As you can see out this window to my left the President's house is right there. It's probably about 20 feet away." THAT'S ALL THE SECRET SERVICE WILL ALLOW US TO SHOW OF THE OBAMA HOUSE. WINNING THE BID TO BUY THE HOUSE IS ONLY HALF THE BATTLE...THE SECRET SERVICE IS GOING TO DO BACKGROUND CHECKS. Bill Grimshaw/home owner "My ultimate nightmare right now is that some guys offering me a whole arm and a leg and the security guys say, unqualified." DESPITE ALL OF THE HASTLE GRIMSHAW IS GOING THROUGH, THIS HOUSE IS EXPECTED TO SELL FOR AT LEAST A COUPLE MILLION. MARK CARLSON, AP, CHICAGO. Find out more about AP Archive: http://www.aparchive.com/HowWeWork Twitter: / ap_archive Facebook: / aparchives Instagram: / apnews You can license this story through AP Archive: http://www.aparchive.com/metadata/you...