Archive for December, 2010

Some Prices Fall 50%- Even in Kenilworth: 620 Abbotsford Road

We’ve chattered many times about how it is (or isn’t) “different” in some neighborhoods or towns because wealth in those areas would insulate them from the housing bust.  We’ve debated whether prices would fall in the Greenzone or in exclusive communities on the North Shore- or if they did- if the declines wouldn’t be as severe […]

Crain’s: 205 Condos to Go Rental in Astoria Tower: 8 E. 9th Street in the South Loop

I wasn’t going to do any posts today, New Years Eve, but there is simply too much going on. Crain’s is reporting that 205 units in Astoria Tower, the new construction high rise at 8 E. 9th Street in the South Loop, will go rental shortly. The 248-unit building only sold about 39 units in the […]

Get a 4-Bedroom Single Family Home in Bucktown for Under $700K: 2234 W. Charleston

This 4-bedroom vintage brick home at 2234 W. Charleston in Bucktown has been on the market since May 2010. In that time it has been reduced $60,000. It is now listed $48,000 under the 2006 purchase price. The house has an open concept first floor living plan. The kitchen has white cabinets, granite counter tops, stainless […]

Buy a Townhouse on Lake Shore Drive: 3700 N. Lake Shore Drive in Lakeview

This 2-bedroom duplex townhouse at 3700 N. Lake Shore Drive in Lakeview came on the market in September 2010. We’ve chattered about this complex before. This is a southeast end unit which is on the top two floors. The listing says the balcony has tree top views. Both bedrooms are on the top floor. It has […]

Something to Watch in 2011: Developers Versus the Owners at 1211 S. Prairie in the South Loop

Crain’s is reporting on a lawsuit filed in mid-December by Ronald Shipka Sr. and Gerald Fogelson, developers of One Museum Park at 1211 S. Prairie, against the building’s condo board. Says Crain’s: Their venture, which also includes Cleveland-based Forest City Enterprises Inc., still owns 41 units in the 298-unit tower at 1211 S. Prairie Ave., […]

Buying the Greystone Lakeview 2-Flat: 2910 N. Sheffield

This greystone 2-flat at 2910 N. Sheffield in Lakeview came on the market in October 2010. Close to bars, restaurants and several El line stops, it would seem an ideal location for those who want to become a landlord. The listing says the building has newer windows and a newer roof. Both units are rented for […]

Attempting to Short Sale a 2-Bedroom Loop Loft: 130 S. Canal

This 2-bedroom loft at Metropolitan Place, at 130 S. Canal, in the Loop has been on and off the market since March 2010. We originally chattered about it in April, when it was a short sale and listed below the 1999 purchase price. See our April 2010 chatter here. It quickly went under contract (so […]

The Biggest Story of 2011: Will the Chicago Housing Market Finally Bottom in 2011?

We’ve never had a post on Crib Chatter where we’ve actually debated when the “bottom” will get here. So we must be closer to it than any other time in the last 3 years since it’s now being discussed. I’ve seen some housing analysts predicting a bottoming in prices, nationally, by the summer. But that was before […]

Now Trying to Sell 4 Years Later in East Lakeview: 3145 N. Cambridge

In July 2010 we chattered about this 2-bedroom top floor unit in The Cambridge, at 3145 N. Cambridge in East Lakeview. See our July 2010 chatter here. It has been on and off the market since April 2009. Since our last chatter, it has been reduced another $20,000 and is now listed for $41,000 under […]

When Will the Mansions Sell? 3251 N. Lakewood in Lakeview

This 5-bedroom home at 3251 N. Lakewood in the Southport neighborhood of Lakeview has been on the market since April 2009. It was newly built in 2009 and has still not sold from the developer. The house has been reduced $255,000 in that time. The brick and limestone house was built on a standard 25×125 […]