Archive for September, 2008

Trying to Sell 2 Years Later: 1208 W. Webster in Lincoln Park

How long do you now have to hold onto a property to “make” money in this kind of market? We’ve recently been chattering about quite a few sellers looking to sell after only two years. Take this condo at 1208 W. Webster in Lincoln Park. It seems to have all the requirements (central air, w/d, 2 bathrooms), […]

Seller Under Stress in The Royalle: 744 N. Clark in River North

Short sales continue in every neighborhood. This 2-bedroom is in short sale at The Royalle, a 2002 mid-rise building at 744 N. Clark in River North. Here’s the listing: SHORT SALE SUBJECT TO LENDER/BANK APPROVAL, RIVER NORTH, THE ROYALLE, INTIMATE BUILDING WITH 40 UNITS TOTAL, CONTEMPORARY DESIGN, OPEN FLOOR PLAN, BRIGHT, EAST/SOUTH EXPOSURES, DEN CAN BE […]

No Downpayment? No Problem: 170 W. Polk in the South Loop

Thanks to the tipster who sent me this marketing e-mail from Printers Corner, the 88-unit building at 170 W. Polk in the South Loop. I don’t know how much of the building has sold- but there are only 4 listings on the MLS. Does this kind of marketing lure you in? Don’t wait for the […]

Another Chance in Case Study: 156 W. Superior in River North

The listing for this 3-bedroom unit in Case Study, the 11-unit boutique modern building at 156 W. Superior in River North that was built in 2005, says that it is the first resale in the building. Here’s the listing: First resale of award-winning and architecturally unique full floor 3 bed residence with direct elevator by […]

Waiting For Buyers: 3137 S. Throop in Bridgeport

There are empty new construction single family homes all over the city. Take this 3-bedroom at 3137 S. Throop in Bridgeport. It has been on the market since January 2008. Here’s the listing: DELUXE NEW CUSTOM CONSTRUCTION-LUXURY LIVING- MAPLE HARDWOOD FLOORS MAIN LEVEL-CROWN MOULDING-9′ CEILINGS MAIN LEVEL- VAULTED CEILING MASTER BEDROOM-DESIGNER KITCHEN CABINETS-SS APPLIANCE-ENERGY EFFICIENT […]

Flipper Alert: Flippers Keep Trying: 1400 S. Michigan

1400 S. Michigan, or Michigan Avenue Towers, in the South Loop started closing on units three weeks ago. There are 270 units in the building. Already, there are several flips on the market. Current stats (out of 270 units): 9 units for sale 24 units for rent Some may be both for rent AND for sale. […]

Willing to Wait for Buyers: 1401 W. Berteau in Lakeview

Yes, these are the current pictures of this townhouse at 1401 W. Berteau in Lakeview. Unit #B has been on the market since February 2008 with NO price reductions. Here’s the listing: Bright, open and contemporary 3 bd/3 bth TH with 2 car gar. Designed by award winning architect Atila Demeter. Dramatic 2 story living […]

Foreclosure Alert: 2004 Prices in 2024 S. Wabash in the South Loop

We chattered about this 2-bedroom loft at Ravinia Lofts at 2024 S. Wabash in November 2007. At the time, it was a short sale. It has since been foreclosed and is now back on the market as a bank-owned unit. It’s listed for only $20k less than it was as a short sale last fall […]

Update on Stresses in 1717 S. Prairie in the South Loop

We last chattered about Unit #2301 at 1717 S. Prairie in May. At that time, the unit was listed for sale at about 40% off the 2006 sale price. A lis pendens was recently filed against the property. It continues to be on the market for the same price as in May. Here’s the listing: […]

We Love Authentic Lofts: Does a River View Matter? 550 N. Kingsbury

There aren’t many homes located directly on the Chicago River in the downtown area but the River Bank Lofts at 550 N. Kingsbury in River North is one of them. What’s the premium for being able to look at the water every morning? Here’s the listing for a 2-bedroom unit: POPULAR RIVER BANK LOFTS CORNER TIMBER 2 BED/2 […]