Archive for the 'Avenue East' Category

Is This a Deal? Avenue East 2 Bedroom Reduced Again: 160 E. Illinois

We last chattered about this 2-bedroom unit at Avenue East, at 160 E. Illinois, in Streeterville in April.
See our prior chatter here.
It is still on the market and has been reduced another $90,000.
The listing says it’s an “estate sale” and sold as is. It also says the seller will entertain all “reasonable” offers.
Is this now a […]

$280K Reduction and Finally A Sale at 160 E. Illinois in Streeterville

We last chattered about this 1-bedroom unit in Avenue East, the newer construction high rise at 160 E. Illinois in Streeterville/Mag Mile, in April 2008.
Back then, it had been reduced $110,100 from its prior sales price.
See that chatter (and some pictures of the model unit in the building) here.
Flash forward 15 months and a tipster tells me […]

Flipper Alert: Avenue East now at 40% flips

The number of flippers keeps growing larger at Avenue East at 160 E. Illinois in Streeterville.

The building has not completed closings yet.
There are only 133 units.  So far:

43 units are for sale
At least 18 units are for rent
53 units are either for sale or for rent

That means 40% of the building is owned by investors or […]

Flipper Alert: 30% of Avenue East now back up for sale

The lists of units for sale in Avenue East at 160 E. Illinois continues to grow.

The current sales statistics for the building (out of 133 units):

40 units for sale (or 30% of the building)
17 units for rent

From what I can tell, no flips have sold in the building.  Some flippers put their units on the market […]

Flipper Alert: More Units Being Flipped at Avenue East

Avenue East, at 160 E. Illinois, is one of the smaller new construction buildings to start closings in Streeterville in the past few months. It only has 133 units.

So far, though, it’s among the most active in the flipping game. 
There are currently 32 units for sale. Another 15 units are available to rent (some units […]

Flipper Alert: Looking for the Big Bucks in Avenue East

 
As I talked about earlier, closings have begun at Avenue East, at 160 E. Illinois the new high rise right off of the Mag Mile in Streeterville.  (It is much more completed than the picture above suggests.)
There isn’t much architecturally interesting about the building, but it has a great location right near the Mag Mile without […]

Avenue East Buyers Already Trying to Sell

Avenue East, the new condo building going up just east of the Mag Mile at 160 E. Illinois, has not yet begun its closings but already some buyers are trying to sell their new units.
The first re-sale that I know of has appeared on Craigslist.  It is a split 2 bedroom, 2 bath of only 1100 square […]