Archive for December, 2014

2015 Housing Market Predictions: What Do You Think Will Happen Next Year?

2015 is fast approaching. You know what that means. It’s time for our predictions! 2014 was a lackluster year for Chicago’s housing market after sales and prices exploded in both 2012 and 2013. There were high expectations going into the year, but higher mortgage rates slowed further gains. But rates are back near record lows and inventory […]

Market Conditions: Chicago Sales Drop 11.5% in November- Was it the Weather?

The November 2014 sales data is in and, as expected, sales dropped 11.5% from a year ago. From the Illinois Association of Realtors: The city of Chicago saw an 11.5 percent year-over-year decrease in home sales in November 2014 with 1,632 sales, down from 1,844 in November 2013. The median price rose to $230,000 versus […]

Looking for “New” on Lincoln Park? A 1-Bedroom at 1550 N. Lake Shore Drive

This 1-bedroom at 1550 N. Lake Shore Drive in the Gold Coast came on the market in November 2014. But it had previously sold just two months before, in September. It has come back on the market as “brand new.” There are new dark hardwood floors. The bathroom has been renovated. There’s also a completely new, […]

4 Years Later, This 2/1 at 1120 W. Armitage in Lincoln Park Returns

This vintage 2-bedroom at 1120 W. Armitage in Lincoln Park just came on the market. (Yes- people are STILL listing- even the week before Christmas.) If the address looks familiar, it’s because we chattered about this unit several times back in 2008 and 2009. See our August 2009 chatter here for insight into what the […]

Selling a 2-Bedroom Lincoln Park Townhouse Less Than 2 Years Later: 1443 W. Wrightwood

This 2-bedroom townhouse at 1443 W. Wrightwood in Lincoln Park came on the market in November 2014. We chattered about it in November 2012 as a condo alternative. You can see our chatter here. Built in 1987, it is not one of the main townhouses on Wrightwood, but one of those that sits behind the […]

You Can Still Buy a Foreclosure: A 3/3 Duplex Up at 1316 W. Fletcher in Lakeview

This 3-bedroom duplex up at 1316 W. Fletcher in Lakeview came on the market in September 2014. It has a 2 story living room with the three bedrooms on the second floor. It’s being sold “as-is” and the listing says the buyer is responsible for 6 months past due assessments which are $218 a month. […]

Why Isn’t Anyone Buying This Bank Owned Lincoln Park Coach House? 2616 N. Orchard

This 2-bedroom coach house at 2616 N. Orchard in Lincoln Park has been on and off the market since July 2007. We’ve actually chattered about it twice, with the first time all the way back in April 2010. See that amusing chatter here (something about the microwave being in the sink.) Since then, the coach […]

Why Not Raise Your Kids in a Loft? A 3-Bedroom at 1439 S. Michigan

This corner 3-bedroom loft in Trevi Square at 1439 S. Michigan in the South Loop came on the market in October 2014. It is a concrete loft (preferred by many loft lovers because it is virtually soundproof) with exposed brick and 3 exposures: North, South and West. There are hardwood floors throughout and 2 fireplaces as […]

We Love Authentic Lofts in Lakeview: A 2/2 at 1122 W. Newport

This 2-bedroom duplex down loft at 1122 W. Newport in Lakeview came on the market in September 2014. It has the loft features that buyers like such as 14 foot timber ceilings and exposed brick. The kitchen was updated by the prior owner and has modern cabinets and stainless steel appliances. The master bedroom is […]

8 Months on the Market in Old Town: A 2/2 at 1814 N. Lincoln Park West

This vintage 2-bedroom at 1814 N. Lincoln Park West in Old Town came on the market in May 2014. The building was built in 1890 and has 4 units. The unit still has some of its vintage features including pocket doors and the original fireplaces, which have been converted to gas logs. There is a black and […]