Archive for November, 2008

Foreclosure Alert: Lincoln Park Townhouse 45% Off: 2220 N. Kenmore

This 4-bedroom townhouse at 2220 N. Kenmore in Lincoln Park just came on the market as a bank owned property. It is listed at about 45% below the 2006 selling price. Here’s the listing: BANK OWNED- SOLD AS-IS!! LOCATION! LOCATION!! BEAUTIFUL LINCOLN PARK TOWNHOME! 4 BEDROOM, 2.5 BTHS. ALL CONTRACTS/OFFERS ARE SUBJECT TO INDYMAC BANKS SENIOR […]

Selling for Less than the 2006 Price: 1862 N. Halsted in Lincoln Park

We chattered about this top floor unit at 1862 N. Halsted in Lincoln Park in September 2008.  It has been reduced $30,000. Here’s the listing again: Extra wide classic space! Cathedral ceiling, wood-burning fireplace, defined bay window dining area! Loft living space (19′ 8″ x 15′) with circular staircase from great room/kitchen. Kitchen with beautiful […]

Foreclosure Alert: Short Sale is Now Bank Owned: 2625 N. Clark

We last chattered about 2625 N. Clark in Lincoln Park in March 2008 when there was a bunch of short sales going on in the building. Built in 1983, the 133-unit apartment building was converted into condos in 2005. Unit #1504 was available in a possible short sale in March (the listing called it an […]

Can’t Rent It- Why Not Sell It? 235 W. Menomonee in Old Town

Nearly a year ago, we chattered about this single family home in the Old Town Historic Triangle at 235 W. Menomonee. The house has a private coach house and 3 parking spaces on an oversized lot. In December 2007, it was available to rent only. By May 2008, the rental price had been slashed by $5,000 […]

Forget Trump Tower- How About The Hancock Instead?

We haven’t chattered much about The John Hancock Building at 175 E. Delaware in Streeterville/Gold Coast but now that Trump Tower is trying to steal its thunder (and views), maybe it’s time to re-visit it. Why spend $700,000 for a 1-bedroom when you can have a 2/2 with better views instead? Current stats on the building […]

Developer Cutting Prices at MoMo: 8 E. Randolph in the Loop

It appears that the developer is cutting prices at Joffrey Tower (aka MoMo) at 8 E. Randolph in the Loop. But before you get all excited thinking this is similar to the price slash we saw in 550 N. St. Clair in Streeterville…it’s not. But it’s a price cut, nonetheless. And with flippers trying to flip […]

Million Dollar Price Cut: 170 W. Eugenie in Old Town

Okay- so it’s not quite a million bucks. But this seller at 170 W. Eugenie in Old Town isn’t messing around with small price cuts. This vintage single family home has been reduced $976,000 in the last month. Here’s the listing: 5BR/6BA Victorian Home! 5 Beautiful floors of living space filled with exceptionally restored woodwork & detailed […]

Crib Chatter Thanksgiving Schedule

Due to the Thanksgiving holiday- there will not be any new Crib Chatter posts on Thursday.  (Yes- even I need a day of rest and eating.) But the normal schedule will resume on Friday (for those of you who will not be at the shopping malls or who will be stuck in your office- bored.) Happy […]

Another Empty McMansion: 6238 N. Neva in Old Norwood

Yet another million dollar new construction home that is under stress. This time it’s at 6238 N. Neva in Old Norwood. The listing says it’s in short sale. It’s been on the market since June of 2006. Here’s the listing: Short sale! Outstanding new construction home in historical Old Norwood. This 5 bed/4 bathroom home has it […]

Market Conditions: Chicago Home Sales Fall Another 21.6% in October

The year-over-year drop in sales continues in Chicago. Median price is also falling. From Crain’s: In the city of Chicago, home sales fell 21.6% in October, to 1,535 from 1,959 in October 2007. The median price in the city of Chicago was $260,000 in October, down 9.1% compared with $285,900 in October 2007. “Realtors are […]