Archive for November, 2012

Renovated 5-Bedroom Ravenswood Manor SFH Still On The Market After 18 Months: 4443 N. Mozart

We last chattered about this 5-bedroom single family home at 4443 N. Mozart in Ravenswood Manor in April 2012 (although back then- it was only a 4-bedroom house.) See our prior chatter here. Most of you thought it was overpriced at $1.195 million and should sell closer to $1 million. However, it has only been reduced […]

What Would You Pay For A Bank Owned 2/2 With Parking In Old Town? 1309 N. Wells

This 2-bedroom in 1309 N. Wells in Old Town has been on the market since October 2012. It had previously been on and off the market since 2008 (!) but never sold. It is now bank owned. At 1100 square feet, it has oak hardwood floors and a fireplace. The kitchen has white cabinets, counter […]

The Flippers Are Back! Yay! 2550 N. Lakeview In Lincoln Park

If there is any doubt that the real estate market has changed in 2012, look no further than this story from Crain’s about 2 different flippers in the new construction luxury high rise at 2550 N. Lakeview in Lincoln Park. We’ve seen plenty of “renovators” or “rehabbers” in the past couple of years. Those are […]

3-Bedroom Irving Park House On A Double Lot Sells For About 33% Under The 2006 Price: 3902 N. Central Park

We chattered about this 3-bedroom vintage house at 3902 N. Central Park in Irving Park several times over the years as it has been on and off the market since 2009. See our June 2012 chatter here. In June, after several more price reductions, we chattered about how low the price would go before it […]

Renovations Aren’t Just Happening On The North Side: 2354 S. Oakley In Pilsen

Three units in this 1924 building at 2354 S. Oakley in Pilsen came on the market in October 2012. This building has been completely renovated and is now being called the “Oakley 23.” Built in 1924, it has 9 units with 6 different floorplans. They are all 2/2 units and range in price from $225,000 to […]

Who Will Be Affected By The “Obamacare Tax” In 2013? 1548 N. Hoyne In Wicker Park

This 2-bedroom at 1548 N. Hoyne in Wicker Park has been on and off the market since 2010. It recently came back on the market again and the listing says: “FULL PRICE ONLY! Sale must close by 12/31/12 why, because next day 3.8% Obamacare tax starts and capital gains tax could go up 13%. If […]

The Former Ballroom In The Commodore Sells For 39% Under The 2001 Price : 550 W. Surf In Lakeview

We last chattered about this 2-bedroom penthouse in The Commodore at 550 W. Surf in Lakeview in May 2012. See our prior chatter here. While many of you thought the decorating was a little dated, for the space and that it had 2 deeded parking spaces in that location, you all thought the list price […]

This Bank Owned 4-Bedroom Is Listed 35% Off The 2005 Price: 1601 S. State In The South Loop

This 4-bedroom single floor unit at 1601 S. State in the South Loop has been on the market since August 2012. It is bank owned. At 4500 square feet, it has as much square footage as a larger single family home in the neighborhood. It has hardwood floors in the main living areas. The kitchen […]

2-Bedroom Duplex Up Loft Has Reduced $125,000 Since September: 360 W. Illinois In River North

We last chattered about this 2-bedroom duplex up loft in The Sexton at 360 W. Illinois in River North in October 2012. See our prior chatter here. In the fall, many of you thought it was overpriced for the condition of the unit. Back then, it was listed at $549,000 but it has since been […]

If Inventory Is Low, Can You Re-List For A Higher Price? 612 W. Surf In Lakeview

This 3-bedroom top floor unit at 612 W. Surf in Lakeview has been on the market since March 2012. At 1800 square feet, the listing says it has new baths and new windows. The unit has 10 foot ceilings but few other vintage characteristics. The kitchen has stainless steel appliances and granite counter tops. The […]