Archive for the 'Foreclosures' Category

No Down Payment? Just Need $100 to Buy This 1-Bedroom at 1525 S. Michigan in the South Loop

This 1-bedroom loft at 1525 S. Michigan in the South Loop just came on the market. (For some reason, I don’t think I have a picture of this building in my archives. Sorry.) It is owned by HUD. It has exposed brick and what looks like timber ceilings with diagonal hardwood floors. The kitchen cabinets […]

Are Foreclosures Even Deals? A 2-Bedroom at 3900 N. Pine Grove in Lakeview

This 2-bedroom in the Coronado at 3900 N. Pine Grove in Lakeview just came on the market. The building was converted into condos at the height of the condo boom in 2005-2006 so there has been a lot of distressed units. This property is a Fannie Mae Home Path property. It has been in distress since […]

Just In Time for Santa, the Best Lincoln Park Deal of 2015: 1434 W. Wrightwood

This 2-bedroom townhouse in the Embassy Club at 1434 W. Wrightwood in West Lincoln Park just came on the market. It is bank owned. The listing says it is 1500 square feet. The kitchen has white appliances and what looks to be intact cabinets. The bathrooms also appear to be intact. It’s being sold “as-is”. […]

Dramatic Price Cut on Bank Owned Gold Coast 2/2: 111 E. Chestnut

This corner 2-bedroom at 111 E. Chestnut in the heart of the Gold Coast and the Mag Mile shopping district has been on and off the market throughout 2015. It is now bank owned. From the pictures, the unit appears to be intact. Located on the 12th floor, it has the preferred northeast side exposure […]

Still Distressed Properties Out There: A Loft at 550 N. Kingsbury in River North

This 1-bedroom loft at 550 N. Kingsbury in River North came on the market in early June 2015. This brick and timber loft is one of the rare units that is actually “on” the river. It has a large private terrace that runs the length of the unit nearly at water level. From the pictures, it […]

Commercial Space Below? Beware: A 1-Bedroom at 2660 N. Halsted in Lincoln Park

This 1-bedroom duplex at 2660 N. Halsted in Lincoln Park came on the market in November 2014. It is bank owned and being sold “as-is.” The unit has exposed brick and timber ceilings with a lofty second floor bedroom open to the first floor. From the pictures, it looks like the kitchen is intact with […]

An Investor’s Dream? A Carriage House AND a Parking Lot: 2531 W. Augusta in West Town

I don’t have a picture for this 1-bedroom carriage house at 2531 W. Augusta in West Town but it’s so intriguing I felt we needed to chatter about it right away. Built in 1911, the carriage house is on a standard 25×125 lot. At 1160 square feet, it has some interesting features including exposed brick and […]

Even the Banks Are Listing Past Peak in the GreenZone: 111 S. Morgan in the West Loop

This 2-bedroom in 111 S. Morgan in the West Loop recently came on the market. It is a Fannie Mae Homepath property. The unit has hardwood floors in the main living areas and a fireplace. The kitchen has granite counter tops and what looks to be maple cabinets. From the pictures, there appears to be […]

Would You Live in the Basement? A 3-Bedroom at 55 W. Erie in River North

This 3-bedroom garden unit in the vintage building at 55 W. Erie in River North just came on the market. The building was built in 1895 and has 9 units. This unit is a Freddie Mac property and is being sold “as-is.” From the pictures, it appears the kitchen cabinets are intact but the only appliance […]

Buy a 2/2 Foreclosure in the Hot Fulton Market District: 1118 W. Fulton

This 2-bedroom at 1118 W. Fulton in the Fulton Market District of the West Loop just came on the market. It is bank owned and being sold “as is.” From the pictures, the unit has hardwood floors and French doors. The pictures indicate that the two bathrooms are intact but there are no pictures of the […]