Archive for November, 2017

Are 1-Bedroom Condos a Bad Buy? 640 W. Waveland in Lakeview

This 1-bedroom in the Waveland Court Condos at 640 W. Waveland in Lakeview recently came on the market. It’s been 5 years since we chattered about this 50-unit complex which was built in 1926. Back in the bust years, we covered it quite a bit as many of the condos were in foreclosure. See our […]

Is it Still a Good Investment to Buy a 2-Flat? 3815 N. Pine Grove in Lakeview

This vintage 2-flat at 3815 N. Pine Grove in Lakeview came on the market in March 2017. Built in 1901 on a larger than normal 30 x 140 lot, it has a backyard garden and 1-car parking. Both units are 3-bedrooms and have family rooms. They have original woodwork as well as coffered and beamed […]

Looking for New Construction in a Midrise Building in Lincoln Park? 540 W. Webster

This 2-bedroom in Webster Square at 540 W. Webster in Lincoln Park came on the market in October 2017. Webster Place is a rare, new construction midrise building in Lincoln Park. It has 89 units ranging from 1 to 4 bedrooms with a doorman and an attached garage. Closings started in the summer of 2017. […]

Market Conditions: As Thousands of Apartments Come Online, Are Condo Landlords in Trouble in 2018?

We’ve been chattering for over a year about the dozens of luxury apartment high rises that have been built in the Green Zone and the implications of all those units. But the boom isn’t over yet. Thousands more apartments are expected to come online in the next two years. Crain’s reports: But the once-hot market […]

Market Conditions: October Sales Were Flat YOY as Inventory Remains Low

The Illinois Association of Realtors is out with the October sales data. It was actually a ho-hum month, not hot but not cold. The city of Chicago saw year-over-year home sales hold steady in October 2017 with 2,047 sales, compared to 2,046 in October 2016. The median price of a home in the city of […]

We Love Renovated Brick and Timber Lofts: 411 S. Sangamon in the West Loop

This 2-bedroom in the Sangamon Lofts at 411 S. Sangamon in the West Loop came on the market in October 2017. This is a 1800 square foot authentic loft with timber ceilings and beams along with exposed brick and hardwood floors. The listing says it was “gutted to the studs.” The kitchen has dark cabinets […]

Will the Hot Luxury Market Finally Help Sell the Claude Seymour House? 817 W. Hutchinson in Buena Park

This 6-bedroom historic mansion at 817 W. Hutchinson in the Buena Park neighborhood of Uptown just came on the market. If it looks familiar, that’s because we’ve chattered about it several times since 2012. See our October 2012 chatter here. The Claude Seymour House is one of the many historic mansions that line Hutchinson on this […]

A Vintage Row House With a Rare In-Law Unit: 121 W. Delaware Place in the Gold Coast

This 4-bedroom vintage row house at 121 W. Delaware in the Gold Coast came on the market in September 2017. Built in 1881, it is on a 21×52 lot. The row house has many vintage features including 11’5″ ceilings on the first floor, hardwood floors, 4 fireplaces, including in the living room and the dining room, crown moldings, […]

Are the Views Better on the South Side? 1201 S. Prairie in Museum Park

This 2-bedroom in The Grant at 1201 S. Prairie in the Museum Park neighborhood of the South Loop came on the market in September 2017. Built in 2008, The Grant has 298 units and is a full amenity building with an indoor pool, gym and parking garage. Some of you may recall that this building was […]

Is There Value in Older Condo Buildings? A 3-Bedroom at 55 W. Delaware in the Gold Coast

This 3-bedroom in the Park Newberry at 55 W. Delaware in the Gold Coast came onto the market in September 2017. This building was constructed in 1998 and has 182 units and a garage. It’s a full service building with a doorman and an exercise room. This is a southeast corner unit with wide plank […]