Archive for February, 2010

Market Conditions: February Chicago Home Sales Rise 31.1% Year Over Year; Median Price Fell 4.9%

I missed the release of the February home sales which was out yesterday from the Illinois Association of Realtors. We’re seeing the same trends as were apparent in January, as sales have risen year over year but the median price continues to be weak. I wish the IAR would break out the sales according to […]

An Uptown Greystone 2-Flat with 5 Car Parking and a Wide Lot: 1431 W. Argyle

This vintage greystone 2-flat at 1431 W. Argyle in Uptown has a couple of unique features you don’t see every day.  It has parking for 5 cars and a wide 50×116.55 foot lot. The two units consist of: Unit #1: 2 bedrooms, 1 bath, currently rent for $1200 a month Unit #2: 2 bedrooms, 1 bath, […]

We Love Authentic Lofts: A Spa Bath in The Donohue at 711 S. Dearborn in Printers Row

We’ve chattered about lofts in the Donohue, one of the first warehouse-to-loft conversions in the city, at 711 S. Dearborn in Printers Row numerous times. This 2-bedroom unit has been on the market since last June. It is now listed for $43,500 under the 2007 purchase price and $6,000 under the 2002 purchase price. Drywall […]

Mid-Century Modern in Old Town Tries Again: 235 W. Eugenie

We’ve chattered about this 2-bedroom unit in the mid-century modern building at 235 W. Eugenie in Old Town several times. See our June 2009 chatter here. Originally listed 2 years ago, it has returned to the market again. It is now listed for $17,000 under the 2004 purchase price and has been reduced by $41,900 from […]

Distress Sales Continue in Plaza 440: 440 N. Wabash in River North

We’ve chattered about Plaza 440, the conversion high rise at 440 N. Wabash in River North, several times in the past. Distress sales continue to work their way through the building. This 2-bedroom short sale is listed for $149,500 under the 2005 purchase price. It has a split floor plan with 1324 square feet. The north facing unit […]

Love the Cubs? Live Near Wrigley Field: 3520 N. Reta in Lakeview

Some Cubs fans dream of living within walking distance of Wrigley Field so they can hear the roar of the crowd from their open windows. This 2-bedroom unit at 3520 N. Reta is about 3.5 blocks from the Friendly Confines. It was new construction in 2006 so it has all the bells and whistles of […]

Location, Location, Location: 227 E. Walton in the Gold Coast

This 2-bedroom unit at 227 E. Walton is on a quiet street in the Gold Coast. The building was built in 1958 and some units have peekaboo lake views (although this particular unit has downtown views.) The unit has in-unit washer/dryer and central air. There is also rental parking available in the building for $175-$200 […]

Flipper Alert: 4 Months Later and Holding Firm on the Price: 600 N. Kingsbury

Remember this 1-bedroom unit at 600 N. Kingsbury in River North from the fall of 2009? The unit was originally bank owned and then bought and re-listed only two months later for $78,900 more. See our October 2009 chatter here. It’s now 4 months later and the price is still the same. It is no longer the […]

We Love Terraces: Plenty of Outdoor Space in the South Loop at 1530 S. State

This 2-bedroom unit at 1530 S. State in the South Loop is one of those condos that has an extra large terrace. The listing says the terrace is 40×25 which would give the owners a whole other living space in the summer months. On the market for 11 months, the unit has been reduced $70,000. The kitchen has […]

Market Conditions: Why Are Chicago Prices Still Declining When Other Cities Are Rebounding?

Normally I don’t post on the Case Shiller home price index numbers but December’s numbers showed a third straight decline for Chicago area single family home prices and the sharpest decline, of 1.6%, of any of the 20 cities from November to December. (Seasonally adjusted, it was still down 0.6%.) On the condo end of […]