Archive for the 'The Sterling/345 N. LaSalle' Category

Sterling Penthouse is in Short Sale: 345 N. La Salle in River North

We’ve chattered many times about the distressed sales in The Sterling, at 345 N. La Salle in River North.
Recently, a unique penthouse unit in the building came on the market as a short sale.
According to the listing, Unit #4705, a massive 2-bedroom unit, has never been lived in even though the building was converted in […]

Foreclosures Still Occuring in The Sterling: 345 N. LaSalle in River North

If you’ve felt like you’ve “missed out” on buying a bank-owned unit in The Sterling, at 345 N. LaSalle in River North, fear not.
Foreclosures are still trickling on the market in the building such as this 2-bedroom, 27th floor unit that was recently listed.
In the last year, some lower floor 2/2s sold for around $250,000 to $260,000. This unit […]

Another Week, More Foreclosures in The Sterling: 345 N. LaSalle

Didn’t someone post a few months ago that the worst was over for the foreclosures in The Sterling, at 345 N. LaSalle in River North?
But I keep seeing them.
The good news is, they keep selling if they’re priced cheap enough.
Unit #1501, a 2/2, was just recently listed although the listing has mysteriously vanished. Is it under contract […]

Foreclosure Alert: Stresses Continue in The Sterling at 345 N. LaSalle

Is it possible that even investors have tired of buying up foreclosed and short sale units in The Sterling, at 345 N. LaSalle, in River North?

There are two in the building that have been sitting on the market for awhile with no takers but this high-floor 2-bedroom looks particularly intriguing.
Here’s the listing:
PRE-FORECLOSURE PROPERTY! HIGHLY UPGRADED 2 BDRM/2 BTH […]

Foreclosure Alert: Another 3-Bedroom in The Sterling: 345 N. LaSalle

Another foreclosure has appeared in The Sterling, at 345 N. LaSalle, in River North.

This one is another 3-bedroom. There are no interior pictures available.
Unit #3902: 3 bedrooms, 2 baths, no square footage listed

Sold in January 2005 for $827,000
Currently listed for $389,900 (parking is rental only)
Assessments of $837 a month
Taxes of $9,500
Applebrook Realty, Inc. has the […]

Foreclosure Alert: New Bank-Owned Unit at The Sterling- 345 N. LaSalle

It’s been a bit quiet on the foreclosure front in The Sterling, at 345 N. LaSalle, in River North.

But a few keep appearing. Another 2/2 just came on the market already owned by the bank.
There is no square footage but here are the room sizes:

Living room: 13 x 27
Kitchen: 10 x 8
Bedroom 1: 16 x […]

Update on Foreclosures in The Sterling: 345 N. LaSalle

In late December 2007, I chattered about a three bedroom, three bath unit on the 47th floor in The Sterling, at 345 N. LaSalle in River North, that was in foreclosure.

Here were the stats back in December- along with the Craigslist ad at the time:
Unit 4701: 3 bedroom, 3 bath, 1900 square feet

An ad on […]

The Sterling, the #1 Foreclosure Building in Chicago, in Crain’s

Apparently, we’re not the only ones who noticed that The Sterling is Chicago’s #1 foreclosure high-rise.

Can articles on River City, Millennium Centre and The New York, other notorious foreclosure buildings, be far behind?
We’ve been chattering for months about the foreclosures in The Sterling, at 345 N. LaSalle in River North.  Crain’s has all the dirty details this […]

More eBay Sales: The Sterling and 17 N. Loomis

“Me” pointed out in the last post on The Sterling that Unit #1902 is for sale on eBay.

Auction for Unit #1902 [eBay]

Unit #1902: 1 bedroom, 1 bath, 725 square feet

Listing says “appraised value” is $295,000
Last sold in February 2002 for $253,000
Current “bid” is $140,000
Auction ends on January 6, 2008

The seller has a store under “Dizzy Bid […]

Foreclosures and Short Sales Devastate The Sterling

The #1 high rise building for foreclosures in Chicago continues to live up to its name.  Foreclosures and attempted short sales are just crushing condo values in the The Sterling at 345 N. LaSalle.

Case in point:  I currently count seven “01″ tier 2 bedroom, 2 baths on the market.  These are 1160 square feet and are on the […]