Foreclosure Alert: Historic Mansion Going to Auction: 6759 S. Bennett

This 1915-era mansion at 6759 S. Bennett in the Jackson Park Highlands historic district on the south side was apparently rehabbed by a contractor featured on MTV’s Cribs show.

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It is going to foreclosure auction this week.

Here’s the listing:

FROM THE LUXURY DREAM HOME COLLECTION!!! PRESTIGIOUS CHICAGOLAND JACKSON PK HIGHLAND BEACH & GOLF COURSE COMMUNITY.A RARE OPPORTUNITY ON THIS SUPER SIZE MANSION, REMODELED & UPDATED TO THE MAX, CONTRACTOR SHOWCASED ON MTV CRIBS.

BREATHTAKING LAYOUTS, GOURMET KITCHEN W/ALL THE BELLS&WHISTLES,5 ENORMOUS BDRMS,6 BATHS,& A 3RD FLR. BUTLER’S OR NANNY’S QUARTERS…BUT REMEMBER-BANK MUST APPROVE ALL OFFERS-SO MAKE 1 TODAY

Unfortunately, there are no interior pictures provided of the “breathtaking” layouts and gourmet kitchen.

Re/Max Excellence has the listing. See the listing here.

6759 S. Bennett: 5 bedrooms, 6 baths, 2 car garage, 8600 square feet

  • Sold in December 2001 for $403,000
  • Sold in November 2004 for $600,000
  • Sold in January 2007 for $1.25 million
  • Currently listed as a “short sale” for $799,900
  • Foreclosure auction this week for $1,204,855
  • Taxes of $11,987
  • Central air
  • 1 fireplace

Foreclosure Alert: Lincoln Park Townhouse 45% Off: 2220 N. Kenmore

This 4-bedroom townhouse at 2220 N. Kenmore in Lincoln Park just came on the market as a bank owned property.

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It is listed at about 45% below the 2006 selling price.

Here’s the listing:

BANK OWNED- SOLD AS-IS!! LOCATION! LOCATION!! BEAUTIFUL LINCOLN PARK TOWNHOME! 4 BEDROOM, 2.5 BTHS.

ALL CONTRACTS/OFFERS ARE SUBJECT TO INDYMAC BANKS SENIOR MANAGEMENT APPROVAL AND ANY OFFERS OR COUNTEROFFERS BY INDYMAC BANK ARE NOT BINDING UNLESS THE ENTIRE AGREEMENT IS RATIFIED BY ALL PARTIES.

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Koral Realty has the listing. See more pictures here.

Unit #A: 4 bedrooms, 2.5 baths, no square footage listed

  • Sold in May 1994 for $229,000
  • Sold in June 2003 for $455,000
  • Sold in September 2005 for $559,000 (?- records are unclear)
  • Sold in August 2006 for $825,000
  • Bank owned
  • Currently listed for $458,000 (parking included)
  • No assessments
  • Taxes of $1,706
  • Central Air

This asking price appears to be based on recent comps. Unit #B also has an interesting history and recently sold.

Unit #B:

  • Sold in December 2005 for $735,000
  • Sold in October 2006 for $820,000
  • Sold in September 2008 for $455,000

Selling for Less than the 2006 Price: 1862 N. Halsted in Lincoln Park

We chattered about this top floor unit at 1862 N. Halsted in Lincoln Park in September 2008. 

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It has been reduced $30,000.

Here’s the listing again:

Extra wide classic space! Cathedral ceiling, wood-burning fireplace, defined bay window dining area! Loft living space (19′ 8″ x 15′) with circular staircase from great room/kitchen. Kitchen with beautiful granite counters and breakfast bar, convenient to great room and lofted room!

Master bedroom with master bath plus French doors lead to large private deck. Common roof deck! Private one-car attached garage. Sellers relocation out of state must sell!

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Isabel Mikell at Koenig & Strey has the listing. See more pictures here.

Unit #3S: 2 bedrooms, 2 baths, no square footage given

  • Sold in April 1993 for $190,000
  • Sold in November 1998 for $325,000
  • Sold in November 2002 for $424,500
  • Sold in April 2006 for $476,000
  • Was listed in September 2008 for $499,000 (included parking)
  • Reduced
  • Currently listed for $469,000 (includes the parking)
  • Assessments of $242 a month
  • Taxes of $6,098
  • Central air

Foreclosure Alert: Short Sale is Now Bank Owned: 2625 N. Clark

We last chattered about 2625 N. Clark in Lincoln Park in March 2008 when there was a bunch of short sales going on in the building.

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Built in 1983, the 133-unit apartment building was converted into condos in 2005.

Unit #1504 was available in a possible short sale in March (the listing called it an “investors dream”) but has now been foreclosed and is back on the market as a bank owned unit.

Here’s the listing:

NOT A SHORT SALE. BANK OWNED AND SELLING IN AS IS CONDITION. FAX OFFERS TO LISTING OFFICE WITH A PRE QUAL OR PROOF OF FUNDS FOR CASH OFFERS AND A COPY OF AN EARNEST MONEY CHECK.

INCOMPLETE CONTRACT PACKAGES WILL BE IMMEDIATELY REJECTED. NO TERMITE OR SURVEY. AS IS. LAKE VIEW

P.R.S. Associates Inc. has the listing. See the listing here (no interior pictures available).

Unit #1504: 1 bedroom, 1 bath, about 700 square feet

  • Sold in August 2005 for $304,500
  • Was listed in March 2008 for $234,900 (parking extra)
  • Bank owned
  • Currently listed for $209,900 (can’t tell if parking is included or extra)
  • Assessments of $414 a month
  • Taxes are “new”
  • No W/D in the unit

Unit #1304 is also available as a “pre-short sale/foreclosure opportunity.” It’s currently listed for $212,000 with parking $25k extra.

Below is the kitchen and bath – which appears to be the standard in most of these units.

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Rizzo Realty Inc. has the listing. See more pictures here.

Can’t Rent It- Why Not Sell It? 235 W. Menomonee in Old Town

Nearly a year ago, we chattered about this single family home in the Old Town Historic Triangle at 235 W. Menomonee.

The house has a private coach house and 3 parking spaces on an oversized lot.

In December 2007, it was available to rent only. By May 2008, the rental price had been slashed by $5,000 a month.

Now, it’s on the market again but also for sale OR for rent.

Which one is the better deal?

Penny Bagherpour at Prudential Preferred has the listing. See more pictures and a virtual tour here.

235 W. Menomonee: 6 bedrooms, 5.5 baths (but 1 bedroom and 1 bath in the coach house),  6000 square feet, 3 car garage

  • Sold in July 1999 for $1,135,000
  • Sold in December 2002 for $1.7 million
  • Currently listed for $4 million
  • Was available for rent in December 2007 for $16,500 a month 
  • Reduced
  • Was available for rent in May 2008 for $11,500 a month
  • Currently available to rent for $12,000 a month
  • Taxes are $21,734
  • Massive roofdeck with cabana
  • Full nanny quarters (with own bedroom and bath)
  • Central Air

Forget Trump Tower- How About The Hancock Instead?

We haven’t chattered much about The John Hancock Building at 175 E. Delaware in Streeterville/Gold Coast but now that Trump Tower is trying to steal its thunder (and views), maybe it’s time to re-visit it.

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Why spend $700,000 for a 1-bedroom when you can have a 2/2 with better views instead?

Current stats on the building (out of 705 units):

  • 31 for sale
  • 14 for rent

Some units may be both for sale AND for rent.

Here’s the listing for Unit #6111, a 2-bedroom unit which has been on the market since March 2008:

Full East Facing City&Lake Views!No DIAG!Recent rehab feat: maple wideplank flrs thruout, 1.25’granite,highgloss 42′ cab, Jenn-Air,Thermador,undrmount sink,wine cooler,island w/overhang,natr’l st baths,tons of closets.

Rehab is like new construction.Common hall completed on this flr! Common feat:sauna,fitness, indoor pool,rest.,grocery & more!Live in heart of Mag Mile!Bldg filters air&water!Flat panel TV&furniture inc

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@Properties has the listing. See more pictures here.

Unit #6111: 2 bedrooms, 2 baths, 1310 square feet

  • Sold in July 2001 for $410,000
  • Sold in February 2004 for $369,000
  • Sold in April 2006 for $575,000
  • Originally listed in March 2008 for $624,900
  • Reduced
  • Currently listed for $599,900
  • Assessments of $700 a month
  • Taxes of $4656
  • Leased parking
  • Washer/Dryers are now allowed in the units (though it looks like this unit was renovated before they started allowing for it)

Developer Cutting Prices at MoMo: 8 E. Randolph in the Loop

It appears that the developer is cutting prices at Joffrey Tower (aka MoMo) at 8 E. Randolph in the Loop.

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But before you get all excited thinking this is similar to the price slash we saw in 550 N. St. Clair in Streeterville…it’s not.

But it’s a price cut, nonetheless.

And with flippers trying to flip properties in the building, it’s going to pain them the most.

The price cuts appear to average under $25,000.

Here are two examples of the reductions:

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Unit #3305: 2 bedrooms, 2 baths, 1446 square feet

  • Was listed for $525,000
  • Reduced
  • Currently listed for $509,900
  • Assessments of $623 a month
  • Taxes are “new”
  • Parking is $60k extra
  • @Properties has the listing. See more pictures here.

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Unit #2301: 2 bedrooms, 2 baths, 1360 square feet

  • Was listed at $499,900
  • Reduced
  • Currently listed at $480,900
  • Assessments of $621 a month
  • Taxes are “new”
  • Parking is $60k extra
  • @Properties has the listing.  See more pictures here.

Million Dollar Price Cut: 170 W. Eugenie in Old Town

Okay- so it’s not quite a million bucks. But this seller at 170 W. Eugenie in Old Town isn’t messing around with small price cuts.

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This vintage single family home has been reduced $976,000 in the last month.

Here’s the listing:

5BR/6BA Victorian Home! 5 Beautiful floors of living space filled with exceptionally restored woodwork & detailed ceilings Designer Eat-in Kit. Custom Venetian Plaster & Luster Stone Paint throughout.

Custom marble baths. 3 Sep BR Suites. 2 Original WBFP. Custom Organized Closets. Sep. entrance to lower level. Must See! BRING ALL OFFERS!

It doesn’t appear to have parking. Will that be a problem at this price point?

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Andrea Serban at Coldwell Banker has the listing. See more pictures here.

170 W. Eugenie: 5 bedrooms, 5.5 baths, built in 1891, no square footage listed

  • Sold in January 1988 for $227,000
  • Sold in October 2003 for $774,000
  • Originally listed for $2.975 million in October 2008
  • Reduced
  • Currently listed for $1.999 million
  • Taxes of $13,913
  • Doesn’t appear to have parking
  • Central Air

Crib Chatter Thanksgiving Schedule

Due to the Thanksgiving holiday- there will not be any new Crib Chatter posts on Thursday.  (Yes- even I need a day of rest and eating.)

But the normal schedule will resume on Friday (for those of you who will not be at the shopping malls or who will be stuck in your office- bored.)

Happy Thanksgiving!

Sabrina

Another Empty McMansion: 6238 N. Neva in Old Norwood

Yet another million dollar new construction home that is under stress. This time it’s at 6238 N. Neva in Old Norwood.

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The listing says it’s in short sale. It’s been on the market since June of 2006.

Here’s the listing:

Short sale! Outstanding new construction home in historical Old Norwood. This 5 bed/4 bathroom home has it all – state-of-the-art kitchen includes stainless steel Viking appliances, long granite countertops, big island, wine refrigerator and lots of high-quality cabinets.

Enjoy master suite with double walk-in closets, private master bath with whirlpool tub and separate steam shower. First floor family room leads to deck and landscaped yard. Full high unfinished basement.

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

6238 N. Neva: 5 bedrooms, 4 baths, 2.5 garage, 4000 square feet

  • Originally listed for $1.175 million in June 2006
  • Reduced several times
  • Currently listed for $929,000
  • Listing says “short sale”
  • Taxes are “new”