The flippers are back!
We first chattered about this phenomena with a 1-bedroom unit at 600 N. Kingsbury in River North.
Unit #814 was bank owned and sold in August 2009 for $200,000 (with the parking). It was then re-listed for sale in October 2009 at $238,900 (plus $29,000 for parking).
It’s still available.
See our 600 N. Kingsbury […]
The first flip has appeared in The Legacy at 60 E. Monroe as well as the first interior pictures.
This 1 bedroom plus den closed just 7 days ago for $417,453 and already is back on the market for $499,000 (parking is extra.) I don’t know if the original close included the parking space.
From the pictures, […]
235 W. Van Buren started closings at the beginning of June 2009. The new loop high rise near the Willis Tower has about 714 units.
The developer currently has 14 model homes available for viewing because of the numerous floorplans.
According to public records the current building stats are (out of 714 units):
136 units closed (through Sep […]
Many of you will remember this 1905 renovated vintage building at 928 W. Eastwood in Uptown. We’ve chattered about the foreclosures there several times.
See our November 2008 chatter and pictures here.
Last November, two of the first floor 3-bedroom units were bank-owned and selling for “only” $80,000 each.
Unit #1E sold in January 2009.
But it’s now back on […]
We’ve chattered about The Marquee, at 1464 S. Michigan (although previously the address was listed as 1454 S. Michigan) several times before.
This 3-bedroom unit, Unit #2201, was originally listed a year ago for $795,900 and has been reduced by over $300,000.
There is no square footage listed but here are the room sizes:
Bedroom #1: 14×11
Bedroom #2: 11×10
Bedroom […]
We’ve chattered about how Belgravia Group’s twin towers at 600 N. Lake Shore Drive were not inundated with flippers last year apparently because of the 1-year lock-up in the sales contract.
Here are the building stats (out of 155 units):
19 for sale
11 for rent
Some may be both for sale AND for rent. Also, Belgravia doesn’t appear to […]
You thought the Elysian hotel/condo flippers at 11 E. Walton in the Gold Coast would wait until it got closer to closings to begin to try and flip?
This 1-bedroom unit just appeared on Craigslist and the MLS. The listing says it’s “below developer pricing” and that it’s scheduled to close in mid-2009.
Will Elysian flippers have any better […]
Yes, investors are still attempting to flip new construction units in the downtown.
The first flips are beginning to appear in 757 N. Orleans in River North- the new construction 198-unit high rise at Orleans and Chicago Avenue (if you ride the brown line, you can’t miss it.) Closings just began in the building.
Current stats in […]
The Legacy, the new construction high rise at 60 E. Monroe in the Loop, isn’t expected to be completed until Fall of 2009 (at the earliest.)
Yet, the first flip has appeared on the MLS for a 1-bedroom unit.
Here’s the listing:
The Legacy of Millennium Park, overlooking Lake Michigan, Grant Park, and Chicago’s beautiful skyline. Residents have use of […]
The Silver Cloud, a new conversion building at 5346 S. Cornell, in Hyde Park, has been selling units since 2007.
From what I can tell, 31 out of 72 units have closed.
Current stats on the building (out of 72 units):
12 for sale
4 for rent
Some units may be both for sale AND for rent.
Two re-sales recently came […]