Archive for the 'Flips' Category

The Flips Are Back! A 3-Bedroom Basecamp Rowhouse at 459 W. Hobbie in Old Town

This 3-bedroom rowhouse in the newly built Basecamp River North development at 459 W. Hobbie in Old Town just came on the market. It’s so new, I don’t yet have a picture of these rowhouses. I debated what neighborhood to put this in as the original advertising for this development WAS called “Basecamp River North” but […]

House Flipping in West Town: Buying “As-Is” at 2526 W. Thomas

This 3-bedroom cottage at 2526 W. Thomas in West Town is looking for its third sale of 2013. It sold in a judicial sale in April 2013 for $106,500. According to Redfin, it came back on the market in June and sold in just weeks for $160,000. It then came back on the market again […]

The Flippers Are Back! Yay! 2550 N. Lakeview In Lincoln Park

If there is any doubt that the real estate market has changed in 2012, look no further than this story from Crain’s about 2 different flippers in the new construction luxury high rise at 2550 N. Lakeview in Lincoln Park. We’ve seen plenty of “renovators” or “rehabbers” in the past couple of years. Those are […]

The Quick Flip (of the lot?) in North Center: 2014 W. Addison

Thanks to anon(tfo) who pointed out that the 2-flat at 2014 W. Addison in North Center that we last chattered about in September 2010 when it was a short sale, finally sold and has come back on the market as a flip. See our 2010 chatter here. The listing now says it’s “not a short […]

Flipping a Foreclosure: A 2-Bedroom Loft Listed $94,900 Higher 3 Months Later at 1528 S. Wabash in the South Loop

We’ve been chattering about this 2-bedroom loft at 1528 S. Wabash in the South Loop for years. We watched it go from a “normal” listing, to a short sale, then to a bank owned listing. Guess what- it’s back! In our last chatter in December 2011, the bank had dramatically reduced it to $169,900 (and that […]

What’s Going on in Aqua? 225 N. Columbus in Streeterville

Aqua, at 225 N. Columbus in Streeterville, has won numerous design awards for its exterior. The building consists of a hotel on the bottom floors (has yet to open), apartments in the middle of the building and 264 condos on the upper floors. The building, at 82 stories, is among the tallest in the city. It […]

Flipper Alert: First Flips Appearing in 2 W. Delaware in the Gold Coast

This 2-bedroom unit in the new construction high rise Walton the Park, at 2 W. Delaware, in the Gold Coast recently came on the market just 3 days after its previous closing. It is a larger corner 2-bedroom unit with a 7×7 den and floor to ceiling windows. The kitchen has stainless steel Viking appliances […]

Trying to Flip One Month Later: 5755 N. Melvina in Norwood Park

This 3-bedroom English Cottage home at 5755 N. Melvina in Norwood Park was bank owned in March 2010 and then sold by the bank in June 2010. Just a little over one month later, it has returned to the market for $104,900 more than the previous purchase price. Two out of the three bedrooms are […]

Flip This House: A 5-Bedroom Renovated Colonial in Jefferson Park: 5145 N. Lovejoy

This 5-bedroom colonial at 5145 N. Lovejoy in Jefferson Park has been completely renovated so that it has all the amenities of a “new” house. The kitchen has new 42 inch cabinets, granite counter tops, stainless steel appliances and marble floors. There are hardwood floors throughout the first floor. The basement has been finished with […]

Flipper Alert: 2-Bedroom Gold Coast Townhouse Returns: 820 N. Dearborn

We chattered about this 2-bedroom three story Gold Coast townhouse at 820 N. Dearborn in 2009. See our July 2009 chatter here. Back in 2009, it was bank owned and sat on the market for 7 months before finally selling in November 2009. Many of you thought it wouldn’t even fetch $400k (and were right). It […]