Archive for the 'Reductions' Category

Mag Mile 2-Bedroom With Views Reduced Over $1.9 Million: 950 N. Michigan

We last chattered about this 2-bedroom unit at 950 N. Michigan in June 2008.
See our prior chatter here.
Since then, it has been reduced by $1,949,900.
There is also furniture in the unit now whereas before it was completely empty.
The condo has been renovated and has walnut floors, stone bathrooms (make sure you check out that picture) and […]

Vetro Developer Cuts Prices (Again) on 6 Units: 611 S. Wells in the South Loop

The developer at The Vetro, at 611 S. Wells, in the South Loop has cut prices (again) in a “developer close out” to try and sell 6 of the remaining available units. It appears the cuts are only on the bigger and pricer units.

The ad for the price cuts list five 2 bedrooms + den/2.5 bath corner units […]

Renaissance Interior Now in “Pre-Foreclosure”: 2015 W. Fullerton in Bucktown

We’ve chattered about this 3-bedroom unit with its own private elevator at 2015 W. Fullerton in Bucktown twice before.

See our last chatter and pictures in March 2009 here.
Since it’s original listing in December 2008, the unit has been reduced $204,100.
The listing also now says it is a “pre-foreclosure” and that the owner says, “make an offer.”
Who can […]

Now “Seriously Committed” To Selling Their Properties: 1550 N. State Pky, 25 E. Superior and 1540 N. Lake Shore Drive

You might have seen the advertisement in the Sunday Chicago Tribune for 3 upper bracket properties being offered by Katherine Chez at Coldwell Banker (she specializes in luxury properties.)
You can see her website here.
The ad states:
“Three incredible listings with sellers seriously committed to selling their property:”
And then it states at the bottom of the ad:
“With […]

Still Waiting for a Buyer for this Lakeview Cottage: 1750 W. Grace

We’ve chattered about this 4-bedroom cottage home at 1750 W. Grace in Lakeview several times before.
See our June 2009 chatter here.
It is still on the market and has been reduced another $15,000. It is now listed $25,000 under the 2006 purchase price.
The listing says it’s a great alternative to a condo.
It has a two car garage, central […]

More Price Cuts at Superior 110? 110 W. Superior in River North

We last chattered about price cuts at Superior 110, the boutique modern new construction high rise at 110 W. Superior in River North, in the middle of August.
See our prior chatter here.
The developer had an ad in the Chicago Tribune this weekend talking about the “amazing price reductions.” 
Aren’t these the same reductions as before?
In the ad, price cuts range […]

Can This 1903 Greystone Be Saved? 652 W. Sheridan in East Lakeview

We last chattered about this vintage greystone mansion at 652 W. Sheridan in East Lakeview in October 2008.
See our prior chatter here.
A year ago, the listing gushed about the vintage woodwork which included original wainscoting, chair rails, crown molding and coffered ceilings.
The house has a library, a parlor and is close to the lake.
Now, there’s a […]

Park Monroe Developer Reduces Prices Up to $300K: 65 E. Monroe

These are the first reductions at 65 E. Monroe, the Park Monroe, in the Loop, the 156-unit office to condo conversion which has views of Millennium Park and the lake to the east and the city to the west.
The building is being converted from the 42nd floor on up for residences. They started closing on units […]

“Huge Price Reduction” in 757 N. Orleans in River North

We last chattered about 757 N. Orleans, the new construction high rise in River North, in December 2008 when the first closings were occurring (and a few flips had appeared on the market.)
Check out the intense debate about the state of the market here.
The developer announced the fist price reductions last week of up to $125,000.
Here […]

The Latest Development to Slash Prices: ParkSide of Old Town

We’ve chattered about several components of the ParkSide of Old Town development on the near north side over the last 2 years, including some of the townhouses and the mid-rise building The Hudson at 437 W. Division.
See our prior chatter on flippers in The Hudson here.
In case you missed it, the developer had an ad […]