Archive for March, 2009

“This is the deal of the century!” 2239.5 N. Lincoln in Lincoln Park

We last chattered about this 2-bedroom condo at 2239.5 N. Lincoln in Lincoln Park in September 2008.
See our prior chatter and pictures here.
It’s now been on the market for a year and has been reduced $50,000.
The listing says the sellers are relocating, it is now an “unbelievable price” which is “well below market” and that “this is […]

Logan Square Vintage Beauty is Back and Reduced $300K: 2048 N. Humboldt Blvd

We last chattered about this giant 5-bedroom American Four Square in Logan Square at 2048 N. Humboldt Boulevard in June 2008.

See our prior chatter and pictures here.
Built in 1921, it has a woodburning fireplace, stained glass, beamed ceilings and is on a large lot of 50×150.
It’s back on the market and has been reduced $300,999.
It has no central […]

Market Conditions: January Case/Shiller Has Chicagoland Falling 4.6% Month Over Month

The January Case/Shiller numbers are out (as some of you have noted.)
The Chicagoland area saw prices drop 4.6% from December to January, the third highest in the nation’s largest metro areas. Only Minneapolis, at 4.7%, and Phoenix, at 5.5%, were worse.
Year-over-year decline was 16.4%.
Are price declines accelerating in the Chicago area?
See data on the 20 metro areas […]

$64K Reduction on Lakeview Single Family Home: 3833 N. Marshfield

This 3-bedroom home at 3833 N. Marshfield in Lakeview has been on the market since August 2008.
It’s now been reduced $64,000 and is listed only $10,000 above it’s 2006 selling price.
The house is in the coveted Blaine School District and the kitchens and baths were renovated in 2006.
What will it take to sell this house?
Robert Picciariello […]

Gold Coast Coach House Listed Below 2000 Selling Price: 1234 N. Dearborn

Remember our favorite bank-owned Gold Coast coach house at 1234 N. Dearborn?
See our October 2008 chatter and pictures here.
It’s not too late to own it.
The bank has reduced it $105,000 since May 2008. It’s now listed $50,000 below the 2000 sales price.
Is this finally a “deal”?
A.D.S. Realty now has the listing. See the listing here […]

Selling for Less than the 2003 Price in Bucktown: 1746 N. Wood

Bucktown and Wicker Park seem to be hotbeds of contemporary architecture in the city such as this 4-bedroom single family home at 1746 N. Wood which was built in 2003.

It is currently listed for $201,000 less than the 2003 purchase price.
Do these wide-open contemporary layouts sway some vintage lovers?

Jeff Lowe at Prudential Preferred has the […]

Edgewater American Four Square Under Contract in 2 Days: 1456 W. Norwood

Thanks to the tipster who sent me information regarding this 4-bedroom American four square in Edgewater Glen at 1456 W. Norwood that went under contract within 2 days.
The listing says the kitchen has been renovated with honed granite, Viking, Miele and Franke finishes.
It also seems to have all the bells and whistles including central air […]

“Take My Home, Please!” 2720 N. Dayton in Lakeview

Time Out Chicago has its annual real estate issue out this week called “Where to live now.”
There are a few properties featured under a section called “motivated sellers” about sellers eager to sell their homes. In the magazine version, they are blurbs amongst the articles that say, “Take my home, please!”
One of them was a […]

We Love Authentic Lofts: Brick, Timber and a Roofdeck at 1001 W. Altgeld in Lincoln Park

This multi-level 3-bedroom unit at the Soda Pop Factory Lofts, at 1001 W. Altgeld in Lincoln Park, has the features of a wide open loft but the bedrooms appear to have some privacy.

The ceilings are timber and the living room area is nearly all brick. This unit also has a roof-top deck that the listing says you […]

Market Conditions: Midwest Sees Largest Sales Plunge in the Nation in February

Apparently, the Midwest is home to the fastest sliding home markets in the country. Not by price- but by sales.
The Associated Press reports that Midwest home sales, which includes a 12-state region, fell 18% in February from a year ago, according to the National Association of Realtors. The nationwide home sale average was a decline of just […]