Crib Chatter

The Dish On the Chicago Housing Market

Browse by Category

Neighborhoods and Suburbs Albany Park Alta Vista Terrace Andersonville Austin Avondale Belmont Cragin Beverly Bowmanville Bridgeport Bronzeville Bucktown Budlong Woods Buena Park Chinatown Douglas Dunning East Village Edgebrook Edgewater Edison Park Evanston Flossmoor Forest Glen Fulton Market District Fulton River District Galewood Garfield Park Gold Coast Graceland West Grand Boulevard Highland Park Humboldt Park Hyde Park Olympics/Washington Park Independence Park Irving Park Jackson Park Highlands Jefferson Park Kenwood Lakeshore East Lakeview Lincoln Park Lincoln Square Logan Square Loop Margate Park Mayfair McKinley Park Medical District Millennium Park Monteclare Morgan Park Motor Row Near North Side Near West Side North Center North Mayfair North Park North Shore Norwood Park Oak Park Oakland Historic District Old Edgebrook Old Irving Park Old Norwood Park Old Town Oriole Park Park Ridge Pearson on the Park Peterson Woods Pilsen Portage Park Printers Row Pullman Ravenswood Ravenswood Gardens Ravenswood Manor River North River West Riverside Rogers Park Roscoe Village Sauganash Schorsch Village Sheridan Park South Loop South Shore South Suburbs Southport Streeterville Taylor Street The Villa Tri-Taylor Ukranian Village University Village Uptown West Loop West Ridge West Town Western Suburbs Wicker Park Wildwood Woodlawn

Property Types 2-Flat Churches Coach House Condo-hotels Condos Green Buildings Historic Properties Lofts Multi-unit Parking Rehabs Row house Single family homes Terraces Townhouses

Archives

Select Month May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007

Chicago Housing Market: $4.6 million home in foreclosure?

• September 10, 2007
• 2 Comments

Slowly, the foreclosure lists are starting to reflect stresses in all markets in the Chicago area.

Last week there was a $1.3 million foreclosure in Hinsdale on Hickory.

According to the Chicago Tribune, on September 11 the sheriff is auctioning off a multi-million dollar Lincoln Park home.

2440 N. Orchard St.:

• Sheriff Sale for: $1,325,655
• Last sold in July 2006 for: $1,450,000
• Currently listed for $4.6 million

From the listing:

FANTASTIC 9,400SF MASONRY HOME ON EXTRA-WIDE LOT (37.5′ X 125) IN HEART OF LINCOLN PARK. 5 LEVELS OF LIVING, WITH 1, 500SF 3RD FLOOR MASTER SUITE, 6 TERRACES/DECKS, STATE-OF-THE ART TECH, CUSTOM CABINETS, RADIANT HEAT, SPRINKLER SYS, SNOW MELT, 800SF PENTHOUSE W/ WRAP AROUND DECK, WINE CELLAR, 4 BRS ON 2ND FLOOR, SEP REC ROOM AND MEDIA ROOM, 2 LAUNDRYS, CHEF’S KITCHEN, BUTLER’S PANTRY, WATERWORKS TILE & FIXTURES

This was an older apartment building that was purchased last year to make way for the new McMansion.  How long can these McMansion developers hold on? That’s the question, right?

Obviously, this developer couldn’t hold on long enough.

Stunning foreclosure.