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 re-listing the condos, sometimes days […]
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. At 2400 square feet, it now stainless steel appliances […]
Remember this 1-bedroom unit at 600 N. Kingsbury in River North from the fall of 2009? The unit was originally bank owned and then bought and re-listed only two months later for $78,900 more. See our October 2009 chatter here. It’s now 4 months later and the price is still the same. It is no longer the […]
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 […]
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 […]
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 […]
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: […]
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. […]
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 […]