Archive for October, 2007

The Cheapest House For Sale in Lincoln Park

You can get a house for under $400,000 in Lincoln Park. Yes,  it’s true. 1846 N. Bissell: 2 bedrooms, 1 bath, 950 square feet, no parking There are no pictures of the interior because, well, it’s probably nasty. Originally listed in March 2007 for $525,000 Currently listed for $375,000 Here is the description: BUILT IN […]

Yes, Virginia, you CAN get a townhouse for under $400,000 in Lincoln Park

It’s not impossible to get a townhouse, with a parking space (or sometimes a garage) for under $400,000 in Lincoln Park.  You just have to keep an open mind. Currently, there are three available (though one is under contract.) 917 N. Dickens #917: 2 bedrooms, 1.5 baths, 1 Parking space (under contract) It is currently […]

Living a Mies life in a Mies Van Der Rohe Masterpiece

For those architectural buffs out there, even if you’re not rich, it’s possible to still live in an architecturally significant building in Chicago.  Take 880 N. Lake Shore Drive.  Even if you haven’t been on an architecture tour yourself, this building (and its sister at 900 N. Lake Shore Drive) are hard to miss.  Built […]

Flipper Alert: 15% of Avenue East on the Market

  Units continue to be listed at Avenue East, at 160 E. Illinois in Streeterville, as closings continue in the building. Currently, there are 20 units for sale, out of 130 units in the building, or 15% of the building.  At least half of those are still from the developer.  The others are flips.  Any […]

Chicago Area Home Prices Drop Only 0.2% in August

Crain’s is reporting that Chicago area home prices dropped only 0.2% in August compared with July according to the S&P/Case Shiller Home Price Index.  This is better than the 0.7% fall in the top 20 major metropolitan markets during the same time period. The worst market was Tampa with a 10% drop.  Detroit was #2 […]

Foreclosures of Interest on the North Side: Week of October 29

Another week, another foreclosure at 33 W. Ontario, otherwise known as Millennium  Centre, in River North.    This week, I can’t tell for certain which unit it is because the auction record only says Unit #41.  It doesn’t list a unit letter (i.e. A, B, C etc.)  The auction amount is $323,550 in case anyone is […]

CMK’s 235 Van Buren Selling Like Hotcakes

  CMK opened up the sales center for its latest building at 235 W Van Buren, in the shadow of the Sears Tower in the Loop, only a mere two or three months ago and already the building is under construction and about 60% sold. How’d they do that? CMK marketed it very wisely.  The […]

Skybridge Has Won Architectural Awards But Can’t Win Buyers

  Skybridge, the tallest building in the West Loop at Halsted and Washington, has won architectural awards since its launch in 2003.  You can read about the building’s innovative design at their website. Despite all of the alcolades, the building still is not sold out, four years after closings started in the building. In an […]

How Much is the River Really Worth?

It used to be, even ten years ago, that there was no way people wanted to live on the Chicago River.  With that smell and pollution?  Get outta here. Now the river is “hot.”  From the South Branch, to downtown with all of its townhouses and condo towers with their riverwalks, to the North Branch […]

Broker/Agent Incentives: Are they a conflict of interest?

Let’s say you’ve decided, with the slowing housing market, that now would be a good time to buy your dream condo. After all, there are a lot of condos available and some developers are offering incentives. But you don’t know anything about all of the buildings out there so you get yourself a buyer’s agent […]