Archive for October, 2014

Market Conditions: Chicagoland Housing Inventory Has Risen YOY the Last 4 Months

2013 was famous for having near record low inventory in Chicago. Lack of product and record low mortgage rates combined to push Chicago housing prices up sharply. In some neighborhoods, prices exceeded previous peaks. But over the last few months, the Chicago housing market has been changing. Housing inventories in the Chicagoland area have actually […]

Market Conditions: September Sales Fall 8.7%; Median Price Rises Again

The September home sales data is out. Sales fell again while the median price also rose again. From the Illinois Association of Realtors: The city of Chicago saw an 8.7 percent year-over-year decrease in home sales in September 2014 with 2,187 sales, down from 2,395 in September 2013. The median price rose to $250,000 versus […]

Historic “Race House” Tries Again in Old Irving Park: 3945 N. Tripp

This 5-bedroom Victorian Italianate single family home at 3945 N. Tripp in Old Irving Park came on the market in May 2014. But it may look familiar to many of you. It has been on and off the market since August 2007. We last chattered about it in June 2011. You can see that chatter here. Built […]

7.7% Price Reduction on Vintage 2-Bedroom in the Gold Coast: 1427 N. Dearborn

This 2-bedroom in The Cordova at 1427 N. Dearborn in the Gold Coast came on the market in April 2014. The Cordova is an 8-unit vintage building with an elevator. If this unit seems familiar, that’s because it is. It has been on and off the market since July 2010. We last chattered about it […]

We Love Authentic Bucktown Lofts: A 2-Bedroom at 1670 N. Claremont

This 2-bedroom in the Ironwerks Lofts at 1670 N. Claremont in Bucktown came on the market in July 2014. The building was converted into loft condos in 1999. It has all the features loft lovers look for including 12-foot timber ceilings, exposed brick and hardwood floors throughout. The master bedroom has full height walls so there’s […]

Want a Piece of Wicker Park History? A 3-Bedroom Rowhouse at 1959 W. Schiller

This 3-bedroom Victorian rowhouse at 1959 W. Schiller in Wicker Park came on the market in July 2014. Built in 1879 on an extra long 25×162 lot, it sits directly across the street from Wicker Park. The listing calls it a single family home- but I don’t see any separation with the home next to it […]

Deal of the Year in Lincoln Park? A 2/2 Townhouse for $350,000: 1801 W. Diversey

This 2-bedroom townhouse at 1801 W. Diversey in Lincoln Park has been on the market since June 2014. Built in 1995 it is an end unit with a 2-car attached garage. It has three stories with the living/dining/kitchen on the main floor, the two bedrooms on the second floor and a den/family room on the […]

Has the Market Changed in East Lincoln Park in Just 3 Months? 562 W. Arlington

This third floor unit in the 4-unit vintage greystone at 562 W. Arlington in East Lincoln Park came on the market in August 2014. We’ve chattered about this building numerous times over the years including in May 2014 when the top floor unit, #4, was on the market. See that chatter here. Unit #4, which […]

6 Years Later, Do We Still Love This Rooftop Deck? 1647 N. Sedgwick in Old Town

This vintage 2-bedroom at 1647 N. Sedgwick in Old Town just came on the market in September 2014. If it looks familiar to some of you old timers, that’s because it is. We last chattered about it back in the “innocent” times, in June 2008. See our very interesting prior chatter here. At the beginning of […]

Trying to Sell a 3-Bedroom Penthouse One Year Later in Southport: 1550 W. Cornelia

This 3-bedroom penthouse at 1550 W. Cornelia in the Southport neighborhood of Lakeview came on the market in early September 2014. If it looks familiar, that’s because the unit was last on the market in the summer of 2013 and actually just sold a year ago, in September 2013. This building was built in 2007. […]