Flips
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 … Continue reading »
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 … Continue reading »
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 … Continue reading »
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 … Continue reading »
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.… Continue reading »
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 … Continue reading »
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 … Continue reading »
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 … Continue reading »
Flipper Alert: Trying to Flip a 1-Bedroom for $66K Profit: 30 E. Huron in River North
We’ve chattered several times in the past few months about the new breed of condo flippers in Chicago.
No longer are they buying new construction condos at pre-construction prices and then selling for a profit when the building is completed. Now, they are buying foreclosed units from the bank and … Continue reading »
Flipper Alert: Hoping for Six Figure Profit in Irving Park: 4144 N. Ridgeway
This 4-bedroom single family home at 4144 N. Ridgeway in Irving Park was on the market as a bank owned property just 9 months ago.
Purchased and then renovated with a new kitchen, baths, floors and a fresh coat of paint, the house returned to the market asking $279,000 more.… Continue reading »
Stay Updated!
- Bob on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- Jp3chicago on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- CH on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- helmethofer on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- CH on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- Jp3chicago on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- Jp3chicago on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- homedelete on Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- roma on Forget the Townhouse, Buy a Coach House With No HOAs Instead: 3042 N. Wolcott in North Center
- oilc on Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- Market Conditions: The Chicago Luxury Market is Hot, But Are Prices?
- Contemporaine Penthouse With Japanese Gardens Finally Sells 6 Years Later: 201 W. Grand in River North
- Forget the Townhouse, Buy a Coach House With No HOAs Instead: 3042 N. Wolcott in North Center
- We Love Kitchens With Country Sinks in Gaslight Court: 1407.5 N. Wells in Old Town
- This 3-Bedroom French Normandy is the Most Expensive House For Sale in Galewood: 1901 N. Newcastle
- This Stately 3-Bedroom Georgian Reduces $174,100 in Sauganash: 6244 N. Kirkwood
- Looking For An Affordable Streeterville Penthouse? Check Out This 3-Bedroom At 211 E. Ohio
- Beaux Arts Beauty Across From Lincoln Park Reduces Another $350K: 2344 N. Lincoln Park West
- Market Conditions: Prices Back to 2005, or Nearly Peak Levels in "Core Locations"
- Get a 3-Bedroom English Tudor in Forest Glen For Under $380,000: 4852 W. Catalpa
