Crib Chatter

I’ve been waiting for developers to finally throw in the towel and just start cutting prices in order to move product. It’s finally happening now at 550 N. St. Clair in Streeterville. A tipster has informed me that the developer, Sutherland Pearsall Development, is holding  a “private developer closeout” on the remaining available units. They are […]

One Museum Park at 1211 S. Prairie was supposed to be the epitome of luxury in the South Loop. It has stellar views of Grant Park and the Lake. Closings started last spring on the 286 units. Flippers have been trying to flip since last April. As sales have dried up, many have been trying to […]

It’s not often you find a spacious 2/2 in East Lakeview with parking for under $300,000 but there’s one on the market at 3110 N. Sheridan. The listing says it’s an “unbelieveable value.” Is it? It apparently was a one bedroom that was combined with a studio unit. Hence, the very large bedroom sizes: Bedroom 1: […]

Want to walk to work? You can get a one bedroom plus den at the Gotham Lofts, at 420 S. Clinton, in the loop for under $250,000– including the parking. The Gotham Lofts is a brick and timber loft complex converted in the late 1990s which includes 420 S. Clinton and 417 S. Jefferson. Is this a […]

A lot of people are eager to get into the latest new building in River North or Streeterville.  But what about the buildings that were built in the last decade? Some of them are in great locations right near the Mag Mile, restaurants and clubs. 630 N. State is one of them. The 27-story building […]

$215,000 for a one bedroom in the loop with a w/d in the unit. Sounds cheap, doesn’t it? One just came on the market in a short sale in City Center at 208 W. Washington in the Loop. From the listing: GREAT OPPURTUNITY TO OWN IN HOT LOOP AREA! UNIT OFFERS GRANITE CTOPS, SS APPLIANCES, […]

Imagine getting 2000 square feet in Streeterville for under $600,000? This listing, for a 2000 square foot loft in 540 N. Lake Shore Drive, says it’s the “best deal on LSD.” Is it? The unit has “high end appliances” including “Bosch, Grohe & Kohler”. Unit #411: 2 bedrooms, 2 baths, 2000 square feet Sold in August 1995 […]

With all the rush to buy “new” construction, what about a building that has been around for four years? I’ve chattered about 530 N. Lake Shore Drive in Streeterville before but I thought it was time to revisit it.  Many of the units have lake views.   Some stats for the building: 12 units sold […]

Yes, the title of this post is real. The unit in question is in foreclosure but is in one of the vintage high-rises along Lake Michigan in Hyde Park/Kenwood. 5000 S. East End Avenue was built in 1927-28.  The building was constructed in the “tudor gothic” style.  It is 28 stories tall and originally had 97 […]

A few sellers have been under stress at 4800 S. Chicago Beach, the Newport Condominiums, in Hyde Park. The building features a north and south tower and was built in 1960 along Lake Shore Drive so there are stunning lake and city views from many of the units, especially in the North Tower. It is a full-service […]