Price Reduction for Southport 1-Bedroom: 1148 W. Roscoe

We just chattered about this 1-bedroom at 1148 W. Roscoe in Southport in October.

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It’s now been reduced $15,500.

Here’s part of the listing again:

Trying to find a one bedroom in the Lakeview/Southport Corridor/Wrigleyville areas with newer finishes, great space & parking? That can be extremely difficult since not many new one bedrooms are built in the area. This is the exception!

Built only a few years ago, this newer construction home offers all the amenities of new construction with a great layout and an amazing location. The living room has excellent width, providing for easy furniture placement.

A gas fireplace has been highlighted by a slate tile surround and wood mantel and shelving on each side for a striking focal point to the room. Access to a private outdoor patio is off this living room area thru glass sliding doors.

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Ed Jelinek at Coldwell Banker has the listing. See more pictures and the virtual tour here.
See the property brochure here.

Unit #1W: 1 bedroom, 1 bath, no square footage listed

  • Sold in July 2005 for $293,000
  • Was listed in October 2008 for $315,000 (parking included)
  • Reduced
  • Currently listed for $299,500 (parking included)
  • Assessments of $120 a month
  • Taxes of $3,736

We Love Conservatories: 638 W. Oakdale in Lakeview

Sometimes there are just cool features to a property that are unique.

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Such is the case with this vintage single family home at 638 W. Oakdale in Lakeview that has an “english conservatory” attached to the back.

Here’s the listing:

Exquisite renovation of 1882 Chicago greystone on 28′ lot. Original vintage features combined with 21st century kitchen, bathrooms and mechanical systems.

Three bedrooms/four bull baths and one half bath, library, English conservatory, three antique woodburning fireplaces, two-car brick gar, gorgeous patio/garden. No expense spared.

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Suzan Bramson at Rubloff has the listing. See more pictures here.

Check out the property website here which shows the pretty back garden/patio.

638 W. Oakdale: 3 bedrooms, 4.5 baths, 2 car garage, 3754 square feet

  • Sold in August 1992 for $329,000
  • Currently listed for $1.599 million
  • Taxes of $10,309
  • Central Air

Flipper Alert: First Look Inside SoNo: 860 W. Blackhawk

SoNo, the new construction high rise at 860 W. Blackhawk in the Clybourn Corridor, will be closing on units on the lower floors shortly.

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Currently, there are 17 units on the MLS. It looks like those are all from the developer. 

There’s at least one flip on Craigslist. Here’s the listing:

Get a STEAL on this New Construction beautiful 1 bedroom with completely unobstructed views of a full Chicago skyline and great south and western sunlight.

Delivering in FEB/MARCH 2009, you will take over someone’s contract who can not close on it and in return get a GREAT DEAL – get $15,000 discount over what my clients paid and you will get a steal of a deal, you’ll buy from the developer so you’ll have a 1 YEAR WARRANTY, and instant $15,000 EQUITY in a gorgeous new home.

Check out the unbelieveable views and quality finishes. Condo only $375,000 and garage parking $30,000

 See the pictures in the Craigslist ad.

There are models available to view in the building. Here are some pictures from one of the model 2/2 units that is listed for $574,400:

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@Properties is handling sales. See more pictures here.

Does anyone know what is going to happen to  the parking structure with this development?  There were supposed to be two high rises but the second one is on hold. The parking garage was supposed to be in-between connecting them.

Stay tuned.

Short Sale Back on the Market in The Columbian: 1160 S. Michigan

There have been several short sales in The Columbian, the 2007-construction South Loop high rise at 1160 S. Michigan.

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The building continues to struggle.

Current stats out of 220 units:

  • 57 for sale
  • 7 for rent

Some units can be both for sale AND for rent.

We chattered about Unit #2502 back in May 2008 when it first came on the market as a short sale.  It was under contract in September but that has fallen through.

It’s now listed $40,000 under the May 2008 price. It is also the cheapest 2/2 available in the building.

Here’s the listing:

DEAL FELL THRU! 2 BEDS 2 BATHS AT THE PRICE OF 1 BED 1 BATH! PRE-FORECLOSURE-SHORT SALE. NVR LIVED IN ‘THE COLUMBIAN’. UNOBST LAKE, MUSEUM CAMPUS VIEWS, LRG BALC ACCESS FRM MASTER & LIV AREAS.

HIGHLY UPGRADED W/ SPLIT OPN FLR PLAN 1231 SQ FT. KIT W/ 42′ CABS, GRANITE, SS APPL. MARBLE MSTR BATH W/ SEP SHOWER. FULL AMENITY BLDG, 24HR DRMN, EXERCISE RM, PARTY RM, DOG RUN & SUNDK GAR 39K. QUICK LENDER TURNAROUND

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Elite Realty Advisors, Inc. has the listing. See more pictures here.

Unit #2502: 2 bedrooms, 2 baths, 1231 square feet

  • Sold in October 2007 for $477,900
  • Was listed in May 2008 in “short sale” for $399,900 plus $40k for parking
  • Went under contract in September 2008 when listed at $379,000
  • Fell out of contract and re-listed
  • Currently listed at $359,000 plus $39k for parking
  • Assessments of $341 a month
  • Taxes are “new”

Another Reduction in 30 W. Oak in the Gold Coast

Remember this 2-bedroom unit in 30 W. Oak, the new modern boutique building in the  Gold Coast?

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We’ve chattered about it twice now.

It’s been on the market since January 2008 and has been reduced $76,000 (plus the seller is now including a $65,000 parking space.)

Here’s the listing:

SPECTACULAR 2 BEDROOM plus STUDY IN EXCLUSIVE NEW GOLD COAST BUILDING. APPROX 2100 SQ FT OF EXTRAORDINARY ARCHITECTURE & EXCEPTIONAL QUALITY.

POGGENPOHL KITCHEN & BATHS. SUBZERO/ THERMADOR / MIELE APPLIANCES. 24’X12′ TERRACE. FLR TO CEILING WINDOWS, 10′ CEILING HEIGHT, 8′ DOORS. PARKING SPACE INCLUDED. FULL AMENITY BUILDING AT PRIME OAK ST LOCATION. WALK TO BEACH, SHOPPING, RESTAURANTS, PARKS.

Fee Simple Realty, Inc. has the listing. Check out the pictures and the virtual tour here (as I cannot post pictures on this unit).

Unit #4C: 2 bedrooms, 2 baths, study, 2057 square feet

  • Sold in November 2006 for $1,009,900
  • Sold in May 2007 for $1.115 million
  • Was listed in January 2008 for $1.325 million plus $65k for parking
  • Reduced
  • Was listed in May 2008 for $1.299 million plus $65k for parking 
  • Reduced
  • Currently listed at $1.249 million (parking included)
  • Assessments of $1,063 a month
  • Has a 24 x 12 terrace

Following the Market Down: 4116 N. Bell in North Center

North Center single family homes are supposed to be in demand, right?

That’s what this seller at 4116 N. Bell must have been thinking in 2007 when this house first went on the market.

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However, it’s been on the market over a year and has been reduced $69,000.

Here’s the listing:

Unique reverse floor plan steps from sought-after Coonley school! Entertaining in this beautiful space is a pleasure. Skylight, fireplace and beamed ceiling add to charm. Second fireplace in master.

Wonderful landscaping in backyard and front with vintage custom brick walk. Exterior paint, tuck pointing, roof inspections done within the year. New washer/dryer refrigerator and dishwasher. Best value in the area!

Suzanne Gignilliat at Koenig & Strey has the listing. See more pictures and the virtual tour here.

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4116 N. Bell: 3 bedrooms, 2 baths, 2018 square feet, 2 car garage

  • Sold in September 1998 for $270,000
  • Originally listed in September 2007 for $649,000
  • Reduced several times
  • Withdrawn in August 2008 at $610,000
  • Re-listed in August 2008 at $609,000
  • Reduced
  • Withdrawn in September 2008 at $599,000
  • Re-listed in September 2008 at $580,000
  • Currently listed at $580,000
  • Taxes are $5,273
  • Central Air

What Do You Get Under $600K in Lincoln Park? 2669 N. Greenview

Many of the Lincoln Park townhouses we’ve chattered about have been priced below $500,000. But what do you get under $600,000?

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This 3-bedroom at 2669 N. Greenview just came on the market at $592,500.

Here’s the listing:

Tamerlanes best value all for under $600K. This three bedroom/3 bath unit features wonderful roomsizes, neutral decor and all set back in the private enclave of this wonderful townhome community.

The entry level features a large living room overlooking a private backyard. The second floor featurs hardwood flooring and wonderful light throughout.

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Mark Jak and Cindy Weinreb at Coldwell Banker have the listing. See more pictures here.

Unit #F: 3 bedrooms, 3 baths, no square footage listed, 1 car garage

  • Sold in July 2001 for $495,000
  • Currently listed for $592,500
  • Assessments of $122 a month
  • Taxes of $6,950

Another Empty Mansion Waiting for a Buyer: 3757 N. Keeler

How are 10,000-square foot new construction mansions selling in Old Irving Park?

We’re about to find out as this new mansion at 3757 N. Keeler just came on the market.

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Here’s the listing:

NOTHING IN CHICAGO COMPARES TO THIS SPECTACULAR HOME ON CORNER 60X171 LOT IN OLD IRVING. UPSCALE W/CLASSIC DESIGN & ARCHITECTURAL DETAILS. 10,000SF OF GREAT DESIGNED SPACE. DRAMATIC 24FT FOYER.

DESIGNERS TILE SELECTION & LIGHTING, MODERN FAUCETS, METRIC CUSTOM CABINETS, ELEVATOR, HOME THEATER, EXERCISE & NAT WINE ROOM, 5 FRPL, 1000SF+SHOWCASE MASTER SUITE, W/CUSTOM BUILT IN CLOSET. STEPS FROM NEW DISNEY ELEM SCHOOL

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@Properties has the listing. See more pictures here.

3757 N. Keeler: 7 bedrooms, 5 baths, 2 half baths, 10,000 square feet, 3 car garage

  • Currently listed for $2,499,900
  • Taxes are “new”

Same Building, Different Unit, What Result? 1647 N. Sedgwick

Many of you will remember 1647 N. Sedgwick in Old Town from the summer of 2008.

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At that time, the third floor unit, with its own private rooftop deck, was on the market. It sold almost instantly. Here’s it’s history:

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Unit #3: 2 bedrooms, 1 bath, dining room

  • Sold in January 2000 for $220,000
  • Was listed in June 2008 for $419,900 (garage parking included)
  • Sold in July 2008 for $412,000
  • Assessments of $150 a month
  • Taxes of $3916
  • Private rooftop deck

Unit #2 is now on the market. It isn’t having quite the same quick luck. (It’s been on the market more than a month already).

What’s the difference?

  1. No rooftop deck
  2. No parking (listing says it is leased off-site)
  3. The kitchen IS newer however

Does the rooftop deck and parking make that much of a difference?

Here’s the listing:

Huge 2 bdrm 1 bath w/ hardwood flrs thru-out. Brand new kit w/ kitchen aid ss appl’s, granite countertops, maple cabs & room for breakfast bar or table. Sep din rm w/ tons of space for large table opens to liv room w/ fireplace. Nice sized office off liv room.

Updated bath w/ granite and tile. Private deck off kitchen. W/D in unit & sep storage. Tons of space in one of the best areas in Lincoln Park.

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Sonia Madden at Koenig & Strey has the listing. See more pictures and a virtual tour here.

Unit #2: 2 bedrooms, 1 bath, no square footage listed

  • Sold in April 1994 for $182,500
  • Sold in February 1997 for $189,000
  • Sold in April 2001 for $277,500
  • Currently listed for $395,000 (listed in early October 2008)
  • Assessments of $145 a month
  • Taxes of $3840
  • Central air
  • Fireplace
  • Leased parking

Another Trolley Tour: Visit Developments on the Near North Side

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We’ve chattered about these Sunday trolley tours offered by Rebecca Thomson before and some of you have gone on the tours.

From the website:

“We carefully guide individuals looking to purchase a new home, investors in the selection of appropriate properties, and owners looking to sell an existing condominium residence. Our customers are those who value their time and want to efficiently search for the ideal property.”

She’s doing another one:

  • Date: Sunday – November 16
  • Time: 1 pm
  • Reception with cocktails and catering by Fox & Obel
  • They’re also raffling off $500 in gift certificates

This tour will cover the following new construction buildings:

  1. The Peshtigo in Streeterville
  2. 30 W. Erie in River North
  3. 110 Superior in River North (about to start closings)
  4. Walton on the Park in the Gold Coast
  5. 550 St. Clair in Streeterville

It’s free to attend but you must register with Rebecca at Buyorsellacondo.com.

If anyone goes- please report in with observations from the various sales centers. Thanks!