Flipper Alert: Two Contracts and Another Reduction at 451 W. Huron

Two units that I last chattered about in early February 2008 at 451 W. Huron in River North, are now under contract.

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Unit #503 and #804 are both 1 bedroom, 1 bath units and are now under contract.

Unit #503: 1 bedroom, 1 bath, around 770 square feet

  • Sold in September 2007 for $280,000
  • Was listed in December 2007 for $293,000 plus parking
  • Was listed in February 2008 for $292,000 plus parking
  • Under contract

Unit #804: 1 bedroom, 1 bath, around 770 square feet

  • Sold in September 2007 for $287,500
  • Was listed in December 2007 for $294,900 
  • Was listed in February 2008 for $289,900
  • Under contract

I’ll let you know the closing prices when I get them.

Two other units I also chattered about in February, Units #501 and #512, are both still available. Unit #501 has had another price reduction.

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Unit #501: 2 bedrooms, 2 baths, 1015 square feet

  • Sold in September 2007 for $402,000
  • Was listed in December 2007 for $419,900 plus $35,000 for parking
  • Was listed in February 2008 at $409,900 plus extra for parking
  • Now listed for $399,000 plus $35,000 extra for parking
  • Or available to rent for $2500 a month
  • Christopher Pagano at Coldwell Banker has the listing

Unit #512 appears to be only listed for rent although the listing says “rent to own option”:

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Unit #512: 2 bedrooms, 2 baths, 1100 square feet

  • Sold in September 2007 for $395,000
  • Was listed in December 2007 for $484,000 plus $35,000 for parking
  • Was listed in February 2008 for $449,000 plus the parking
  • Or available to rent for $2925 a month
  • CitySpace Realty has the listing

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