Archive for June, 2008

Sold Less than a Year Ago: 2708 N. Halsted

What happens when you have to sell in under a year during a slow market? A seller in 2708 N. Halsted on the Lincoln Park/Lakeview border is about to find out. The eight unit building was completed in 2007. Unit #2S: 3 bedrooms, 2 baths, 1900 square feet Sold in August 2007 for $640,000 Currently listed for […]

Flipper Alert: Get Your Hotel/Condo at Trump Tower: 401 N. Wabash

  I last chattered about Trump Tower in February, when the sales center was touting the first successful flip of a recently closed hotel/condo unit on the 21st floor. From the Sun-Times: The sale “shows that there’s a resale market, and that’s good news,” said Tere Proctor, who is sales associate for Koenig & Strey […]

Crain’s: Chicago Spire Offering “Investor Package”

Who said that speculation is dead in the Chicago real estate market? According to Crain’s, the Chicago Spire in Streeterville is offering a special “investor package” that guarantees to rent out your unit at a 7.5% rate of return for two years. Sound familiar to some, um, other buildings we’ve chattered about? From Crain’s: About 400 of […]

The Ultimate Modern Home: 2820 N. Paulina in West Lakeview

How much do you like modern? This single family home at 2820 N. Paulina in West Lakeview is not only modern on the interior with a sleek kitchen and baths, it comes equipped with heated sidewalks! Here’s the listing: CONTEMPORARY LUXURY, THE DIFFERENCE IS IN THE DETAIL, ALL YOU CAN DREAM OF, HOME AUTOMATION, TOUCH PANELS, […]

Six Months on the Market and $50K Reduction: 1414 N. Wells

We last chattered about 1414 N. Wells in Old Town in January 2008. The prices have been trending sharply higher in the building as Wells Street became “hot”. The units are large, have outdoor space and the building has garage parking. Only one unit has sold in the building in 2008, Unit #501, which closed […]

How Big Do You Like Your Loft? 1020 S. Wabash

There is a 3200 square foot loft for sale at 1020 S. Wabash in the South Loop. Technically, it is a three bedroom “which is opened up to a massive 1 BR”. Does a 3200 square foot one bedroom sound like the ultimate in loft living? Unit #7E-F: 3 bedrooms, 2.5 baths, (but walls removed so that […]

Chicagoland Home Sales Plunge Again in May

The Illinois Association of Realtors have released May sales numbers for the state and the nine county Chicagoland area. From the Tribune: In the nine-county Chicago area, home and condominium sales were down 29 percent to 6,095 in May compared to a year ago. Prices were fairly stable dipping just 0.5 percent to $251,000. Between April […]

Wake-Up to Both Lincoln Park and Lake Views: 1550 N. Lake Shore Drive

There are some buildings that have the best of all worlds: both park and lake views. 1550 N. Lake Shore Drive, in the Gold Coast, is one of those buildings.  Some of the units have both Lincoln Park AND lake views. And all for a relatively affordable price. 1550 N. Lake Shore Drive was built […]

Gold Coast Coach House Reduced $13k: 1234 N. Dearborn

Remember the Gold Coast coach house at 1234 North Dearborn that was in foreclosure that we chattered about in early May? It’s still on the market and recently had a $13,000 price reduction. Another unit in the condo association has also come on the market- in the building in front of the coach house. How will the foreclosure on the coach house unit […]

Forget Helmut Jahn: Live in Contemporaine at 201 W. Grand

If you go on certain of the Chicago Architecture Foundation’s walking tours, you might hear them mention Contemporaine, the concrete modern “masterpiece” at 201 W. Grand in River North. Built in 2004, it only has 28 units (it was supposed to have more but owners combined units.) We’ve chattered about a penthouse unit with its own […]