Steal and Deals: A Two Bedroom in the Heart of River North at 630 N. State

A lot of people are eager to get into the latest new building in River North or Streeterville.  But what about the buildings that were built in the last decade?

Some of them are in great locations right near the Mag Mile, restaurants and clubs.

630 N. State is one of them. The 27-story building was built in 2000 and has 178 units. 

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There are currently only five units on the market.

Unit #1008 is a two bedroom that includes the parking for under $500k. According to the older sales in the building, it would be around 2005/2006 pricing.

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Unit #1008: 2 bedrooms, 2 baths, 1365 square feet

  • Sold in July 2002 for $350,000
  • Currently listed for $469,000 (parking included)
  • Assessments of $787 a month
  • Rubloff has the listing

Unit #1108, which is the same square footage and layout, sold for $456,500 in December 2005.

Is this a deal for the location?

A Historic Rowhouse for Less than $175k in Pullman: 11310 S. Champlain

There is no larger collection of historic rowhouses in Chicago than that in the Pullman neighborhood.

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11310 S. Champlain was built in 1883 and, according to the listing, was the former home of Pullman Strike Organizer Jennie Curtis.

The kitchen has been remodeled. Garages can be added in the backyard (there is an alley system in the neighorhood.) There’s no square footage listed but this style rowhouse usually runs around 1100 square feet in the neighborhood.  Here are the bedroom sizes:

  • Bedroom #1: 15 x 13
  • Bedroom #2: 10 x 7
  • Bedroom #3: 10 x 7

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11310 S. Champlain: 3 bedrooms, 1.5 baths

  • I couldn’t find a prior sales price (but rowhouses on the block have sold anywhere from $54,500 to $160,000 in the past eight years.)
  • Currently listed for $167,000
  • Taxes of $1,730
  • No central air- window units?
  • @Properties has the listing

Get Your River North Three Bedroom for Under $500k in 421 W. Huron

Want a three bedroom unit in River North for under $500,000?

Look no further than Huron Pointe at  421 W. Huron. Built in 2001, it has 99 units.

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Three three bedrooms, or two bedrooms with den if you prefer, are on the market for under $500,000.

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Unit #1201 just went to foreclosure auction but the seller was eager to sell:

DEAL OR NO DEAL. THIS HOME WILL BE SOLD. WONDERFUL SPACIOUS FLOOR PLAN, MASTER BATH STEAM SHOWERS, STEEPING TUB, MAPLE CABINETRY, GRANITE COUNTERS, CUSTOM CLOSETS. TWO ADJACENT PRIME PARKING SPACES INCLUDED.

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Unit #1201: 3 bedrooms, 2 baths, 1499 square feet, 2 car tandem parking

  • Sold in January 2007 for $525,000
  • Currently listed for $469,000 (includes the parking)
  • Foreclosure auction price of $458,711
  • Assessments of $766 a month (includes heat, air and parking assessment)
  • Sudler Sotheby’s has the listing

The other two are the same layout.

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Unit #901: 2 bedrooms, 2 baths, den, 1500 square feet

  • Sold in September 2001 for $509,500
  • Currently listed for $489,000 (tandem parking included)
  • Assessments of $753 a month
  • OR you can rent it for $4000 a month (parking included)
  • Koenig & Strey has the listing

Unit #1501: 2 bedrooms, 2 baths, den

  • I couldn’t find an original sales price
  • Currently listed for $469,900 plus $30k for parking
  • Assessments of $722 a month
  • @Properties has the listing

Update on 600 N. Fairbanks: Unit #1301 Under Contract

We’ve chattered a lot about Unit #1301 in 600 N. Fairbanks. It is the lowest level three bedroom, two bath.

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It has finally gone under contract after six months on the market and numerous price reductions.

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Here is the history:

Unit #1301: 3 bedrooms, 2.5 baths, 1746 square feet

  • Sold in November 2007 for $805,000
  • Originally listed in January 2008 for $929,000 (plus $60k for parking)
  • Reduced
  • Was listed in March 2008 at $895,000 plus $60k for parking
  • Reduced again
  • Listed in early April 2008 for $839,000 plus $60k for the parking
  • Reduced again
  • Listed in early May 2008 at $799,000 plus $60k for parking
  • Reduced again
  • Currently listed for $789,000 plus $60k for parking
  • Now under contract
  • Assessments of $585 a month
  • Prudential Preferred has the listing

Stay tuned.

There have also been a few other units going under contract in the building, including a 2 bedroom/2 bath. They have not yet closed.

Current stats on the building:

  • 37 for sale (with a few under contract)
  • 8 for rent

Living Without Walls in a Triplex Loft: 1000 W. Washington

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True loft living means living without walls. In the case of 1000 W. Washington, Unit #141, in the West Loop that is true down to one of the bathrooms, which is “open” to the bedroom.

The main living space has 20 foot high ceilings. Here’s the listing:

CUSTOM & PUBLISHED EXTRA-WIDE TIMBER LOFT W/ 20′ CEILINGS, DARK OAK HDWD FLRS, KITCHEN W/EBONIZED CHERRY HANDCRAFTED CABS, 2.25′ LIMESTONE COUNTERS, GE MONOGRAM, COOKTOP/HOOD, SUBZERO, MIELE, PANTRY, GERMAN STEEL RAILINGS, RAISED LIV RM WBFP W/SANDBLASTED MIRROR MANTLE, ARMANI-ESQUE SPA BATHS, 18 LIMESTONE, AXOR/DURAVIT FIXTURES, BODYSPRAYS, RAIN, STANDALONE TUB, FLOAT VANITIES, VESSEL SINKS, FROSTED GLASS.

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You don’t have to worry about finding the bathroom in the dark in this bedroom:

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Unit #141: 2 bedrooms, family room, 2.5 baths, 3500 square feet

  • Sold in June 2006 for $914,000
  • Currently listed for $1.1 million (parking is extra)
  • Assessments of $1058 a month
  • Taxes of $10,400
  • Nicholas Colagiovanni at Baird & Warner has the listing

Foreclosure Deal? Two Bedrooms Under $260k in 1620 S. Michigan

We were just chattering about 1620 S. Michigan in the South Loop.

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One of the foreclosure units is back on the market and now owned by the bank. It’s a two bedroom, one bath unit on the third floor- the “terrace” floor.

Parking is included in the price. It is listed 27% less the other 2/1 currently for sale in the building.

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Unit #326: 2 bedrooms, 1 bath, 935 square feet

  • Sold in November 2006 for $332,000
  • Bank-owned
  • Currently listed “as-is” for $254,900parking included
  • Assessments of $354 a month
  • Villarreal Real Estate, Inc. has the listing

At least this one still has its kitchen.

Empty McMansions Everywhere: 23% Reduction at 1933 W. Barry

Walk around Lakeview on a lovely weekend afternoon and one thing you can’t help but notice is the sheer number of homes for sale- with many being new construction “McMansions.”

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Take 1933 W. Barry in West Lakeview. It is brand new construction of over 4200 square feet of luxury. Here’s the listing:

EXQUISITE DESIGN AND DETAILS FEATURED IN THIS 4200SQ FT CUSTOM HOME. BRAZILIAN CHERRY HRDWD FLRS. HIGH CEILINGS, 3 FIREPLACES. KITCHEN W/CUSTOM AMISH HANDMADE CHERRY CABINETS SUBZERO, MIELE & WOLF APPL.GROHE AND KOEHLER FIXTURES!

MASTER BATH W/MARBLE SURROUND SHOWER W/STEAMER.SPACIOUS LOWER LEVEL HAS RADIANT HEAT,WETBAR,STONE FP & ADDITIONL BEDROOM! ENJOY GRILLING ON GARAGE ROOFTOP DECK!THIS HOME …

It has been on the market not just months. Not just a year.  But YEARS.

And empty it sits. Even after a 23% price reduction.

But, again, not to pick on this property, as I can find dozens more just like it all over the North Side. How long will they continue to sit empty? And at what price will some of these finally sell?

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1933 W. Barry: 5 bedrooms, 3.5 baths, 4200 square feet, 2 car garage

  • Originally listed in July 2006 for $1.485 million
  • Reduced to $1.395 million in August 2006
  • Stays on the market all of 2007 with several reductions
  • Finally reduced to $1.205 million in November 2007
  • Currently listed at $1.205 million
  • Don’t know the taxes since it’s new construction
  • Re/Max 1st Class Realty has the listing

Are All Pre-Foreclosures a Deal? 1048 W. Lawrence in Uptown

Lots of listings now say “pre-foreclosure” or “foreclosure soon” or “short sale” or “motivated seller” but does that mean the property is really a “deal”?

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Check out this listing for 1048 W. Lawrence, Unit #4, in Uptown:

PRE-FORECLOSURE!!! ONE OF UPTOWN’S BEST PRICED 2BD/2BA PH! JUST 2 YRS NEW! INCREDIBLE FINISHES W/ 11′ TRAY CEILINGS! CHERRY KIT. W/ GRANITE, STAINLESS, CUSTOM PENDANT LIGHTS! LUX. MARBLE MASTER BATH W/ CHERRY VANITY, HUGE MARBLE SHOWER

GREAT LIGHT! GREAT DETAILING: TRAY CEILINGS, CROWN MOLDING, 4′ BASEBOARDS, HDWD FLRS THROUGHOUT, CUST. WOOD BLINDS! IN UNIT W/D! 1 BLOCK TO RED LINE, 3 BLOCKS TO LAKEFRONT

You might think this unit is a “deal” because it’s a pre-foreclosure- but is it?

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Unit #4: 2 bedrooms, 2 baths, 1300 square feet

  • Sold in June 2005 for $310,000
  • Currently listed for $309,000 (don’t know if the parking is included)
  • Assessments of $174 a month
  • @Properties has the listing

Good “Bones” in East Lakeview: 522 W. Briar

East Lakeview seems to rival parts of Lincoln Park as one of the most prestigious addresses in the city.

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522 W. Briar #3 is a classic vintage unit with three bedrooms, two baths, and in-unit laundry. Alas, no parking (rental parking nearby) and it doesn’t appear to have central air.

The listing says the kitchen and baths were recently remodeled, with wolf and viking appliances in the kitchen. There’s even a woodburning fireplace.

The room sizes are spacious:

  • Livingroom: 21 x 16
  • Diningroom: 17 x 15
  • Bedroom #1: 16 x 11
  • Bedroom #2: 14 x 12
  • Bedroom #3: 13 x 9

Why isn’t it selling?

It was on the market last June for six months. Then it was reduced in February 2008. And it’s been sitting ever since. (Thanks to the tipster who sent me the info on this unit.)

Still, it has wonderful “bones.”

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Unit #3: 3 bedrooms, 2 baths

  • Sold in May 2005 for $385,000
  • Was listed in June 2007 for $624,900
  • Reduced
  • Currently listed for $599,999 (no parking)
  • Assessments of $501 a month
  • Koenig & Strey has the listing

Short Sale Puts on the Squeeze in The Metro: 1200 W. Monroe

The Metro, the nine story building at 1200 W. Monroe in the West Loop, was built in 2003 and is one of the more popular buildings in the area. Four units have already sold in 2008 with prices ranging from $265,000 to $420,000.

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There are currently eleven units on the market.

One two bedroom unit is in short sale and is scheduled for a foreclosure auction. One other two bedroom says “motivated seller” in the listing.

The short sale unit, Unit #613, does not have any pictures.

Unit #613: 2 bedrooms, 2 baths, 1275 square feet

  • Sold in November 2003 for $280,000
  • Currently listed as “offer subject to bank approval” at $310,000includes the parking
  • Foreclosure auction scheduled this week for $382,261
  • Assessments of $348 a month
  • American Invsco Realty has the listing

This other seller is simply just “motivated”.

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Unit #411: 2 bedrooms, 2 baths

  • Sold in September 2003 for $301,500
  • Currently listed for $324,900 plus $25k for parking
  • Assessments of $350 a month
  • Windows in both bedrooms
  • @Properties has the listing