Crib Chatter

We’ve chattered about this large vintage 1-bedroom at 1450 N. Dearborn in the Gold Coast several times before.

See our April 2010 chatter here.

In our last chatter, most of you who commented thought it was still overpriced.

Since that time, it has been reduced another $39,100.

According to the latest listing, it has also been featured in the New York Times “Great Homes & Destinations” section.

The 1877 building has elegant bones with high ceilings, moldings and a fireplace.

The kitchen has been updated to bring it into the modern era with a Fisher Paykel dishwasher and refrigerator and a european style in-unit washer/dryer.

The bathroom has also been renovated with a Jado faucet and Duravit sink.

There is no central air (window units only) and no parking (it is, however, available to rent in the neighborhood.)

What will it take to finally sell this property?

Emily Sachs Wong at Koenig & Strey again has the listing. See the pictures here.

Unit #3A: 1 bedroom, 1 bath, 1000 square feet

• Sold in April 1989 for $135,000
• Sold in September 1999 for $219,000
• Sold in October 2004 for $300,000
• Was listed in July 2009 for $399,000
• Reduced
• Was listed in April 2010 for $379,000
• Reduced
• Currently listed for $339,900
• Assessments of $340 a month (includes heat and water)
• Taxes of $5039
• Washer/Dryer in the unit
• No central air- window units
• No parking (rental next door for $205 a month)
• Bedroom: 15×15
• Living room: 24×17
• Kitchen: 13×10
• Other: 10×7

We last chattered about this 4-bedroom single family home at 7237 S. South Shore in the South Shore neighborhood in January 2010 (hm…wonder why it always comes up as a post in the dead of winter?).

See our prior chatter and interior pictures here.

Built on a 50×300 lot, the property has 2 PIN numbers, one of which extends the lot all the way to the edge of the lake making it only 1 of just 2 dozen homes in the city limits that has actual private Lake Michigan access.

It has no garage, but has three parking spaces on the side drive. It also has an unfinished basement.

The kitchen has white appliances.

Since we last chattered about it, it has been reduced $110,000.

This home has been listed since June 2009.

What will it take to finally sell this unique property?

Kim Young at Keller Williams Gold Coast now has the listing. There are no interior pictures with the listing now, but see the listing here (see the oldest Crib Chatter post for interior pictures here).

7237 S. South Shore Drive: 4 bedrooms, 2.5 baths, 2587 square feet, 3 parking spaces

• Sold in 1995 (no sales info available)
• Sold in October 2007 for $1.2 million
• Was listed in June 2009 for $1.5 million
• Was listed in January 2010 for $1.5 million
• Reduced
• Currently listed for $1.39 million
• Taxes of $7113
• Central Air
• Full unfinished basement
• Bedroom #1: 17×13
• Bedroom #2: 10×10
• Bedroom #3: 12×12
• Bedroom #4: 15×12

Given the blizzard, who isn’t dreaming of the beach right now?

This 2-bedroom townhouse at 5747 N. Sheridan in Edgewater has direct beach and bike trail access.

While the listing says it “needs updating,” the townhouse has skylights, a private roof deck and a 2-car garage.

One bedroom is on the top floor with the second on the second floor.

The townhouse has central air.

It has been reduced $144,000 since it was first listed in July 2008.

The property is now listed $70,999 under the 2001 purchase price.

Is this a deal?

Jennifer Ames at Coldwell Banker has the listing. See the pictures here.

Unit #E: 2 bedrooms, 2 baths, 1700 square feet, 2 car garage

• Sold in February 1989 for $106,000
• Sold in May 1990 for $157,000
• Sold in June 1992 for $169,000
• Sold in August 1998 for $250,000
• Sold in August 2001 for $365,999
• Originally listed in July 2008 for $439,000
• Was listed in April 2010 for $349,000
• Reduced
• Currently listed for $295,000
• Assessments of $556 a month (includes cable)
• Taxes of $4614
• Central Air
• Bedroom #1: 22×17 (third floor)
• Bedroom #2: 11×17 (second floor)
• Family room: 11×17 (second floor)
• Private roof top deck: 16×17

The listing for this 4-bedroom newer construction single family home in the Residences of Old Irving Park at 4507 W. Dakin in Old Irving Park says it “feels like the suburbs without the maintenance.”

The home is part of an association which will do snow removal (they’re getting their money’s worth this week!) and lawn maintenance for a monthly fee of $100.

It is listed as a short sale and is now priced $248,000 under the 2006 purchase price.

3 of the 4 bedrooms are on the second floor with the fourth in the lower level along side the family room.

Built on a 57×98 lot, it has a 2 car garage.

The kitchen has stainless steel appliances and granite counter tops.

The house has crown molding and hardwood floors.

On the market 10 months, at what price will this house ultimately sell?

Beth Babcock at @Properties has the listing. See the pictures here.

4507 W. Dakin: 4 bedrooms, 3.5 baths, 3480 square feet, 2 car garage

• Sold in December 2006 for $827,000
• Originally listed in April 2010 for $629,900
• Reduced
• Currently listed as a “short sale” for $579,000
• Taxes of $7067
• Assessments of $100 a month (snow removal and lawn maintenance)
• Central Air
• Bedroom #1: 18×13 (second floor)
• Bedroom #2: 19×10 (second floor)
• Bedroom #3: 15×9 (second floor)
• Bedroom #4: 14×10 (lower level)
• Family room: 25×17 (lower level)

This 2-bedroom vintage unit at 1466 W. Warner in the Graceland West neighborhood of Lakeview was first listed for sale in January 2009.

It was then withdrawn in November of 2009 but came back on the market last September at a reduced price.

This top floor condo is now listed $45,000 under the 2005 purchase price.

At 1400 square feet it has a full-sized dining room along with two bathrooms.

The kitchen has a chef’s range and stainless steel appliances.

The unit has space pak cooling, in-unit washer/dryer and parking appears to be included.

Robert Darrow at @Properties has the listing. See more pictures here.

Unit #3E: 2 bedrooms, 2 baths, 1400 square feet

• Sold in July 2001 for $299,000
• Sold in August 2005 for $380,000
• Originally listed in January 2009 for $399,000
• Listing removed in November 2009 when listed at $360,000
• Re-listed in September 2010 for $335,000
• Currently still listed at $335,000
• Assessments of $315 a month (includes heat)
• Taxes of $5488
• Space pak cooling
• In-unit washer/dryer
• Parking included
• Bedroom #1: 12×11
• Bedroom #2: 10×12
• Dining room: 19×12

There’s been a lot of chatter about the impact on the neighborhood of the new Trader Joe’s expected to open on Diversey in Lakeview.

Now’s your chance to live right across the street in this 2-bedroom unit at 2800 N. Orchard.

This building was built in 1986 and converted into condos in 2002.

This is the most expensive 2/2 currently on the market in the building.

It’s on the Northeast corner and has a split bedroom floorplan.

The kitchen has granite counter tops and stainless steel appliances.

The bathrooms are marble.

It has hardwood floors and in-unit washer/dryer.

There is also a 17×7 covered terrace.

Deeded parking is included and there is central air.

This unit is currently listed $24,000 under the 2005 purchase price.

Will this building become even more attractive to buyers once the Trader Joe’s opens?

Mark Kloss at Coldwell Banker has the listing. See the pictures here.

Unit #409: 2 bedrooms, 2 baths, no square footage listed

• Sold in February 2003 for $345,000
• Sold in July 2005 for $403,000
• Originally listed in January 2011 for $395,000
• Reduced
• Currently listed at $379,000 (includes parking)
• Assessments of $455 a month (includes heat and A/C)
• Taxes of $4637
• Central Air
• Washer/Dryer in the unit
• Bedroom #1: 16×11
• Bedroom #2: 14×11

This 5-bedroom new construction single family home at 1513 W. Huron has been on and off the market since July 2007.

It now appears to be bank owned.

Since July 2007, it has been reduced $625,000.

From the pictures and the listing, it appears the kitchen is intact with stainless steel appliances and stone counter tops.

There are dark hardwood floors throughout.

The listing also says there is an elevator and it has a finished basement.

Built on a 25×125 lot, the property has a 2 car garage with a rooftop deck on top of it.

Is this house finally priced to sell?

Petro Escobar at Interstate Team Realty has the listing. See the pictures here.

1513 W. Huron: 5 bedrooms, 4.5 baths, 2 car garage, 4197 square feet

• Sold in January 2005 for $360,000 (prior house)
• Originally listed in July 2007 for $1.6 million
• Was listed in July 2010 for $999,900
• Withdrawn
• Currently listed “as-is” for $975,000 (public records do not yet show that it is bank owned however)
• Taxes of $13607
• Central Air
• Bedroom #1: 17×15 (third floor)
• Bedroom #2: 19×11 (second floor)
• Bedroom #3: 13×11 (second floor)
• Bedroom #4: 14×11 (second floor)
• Bedroom #5: 18×12 (third floor)
• Finished basement

In March 2010 we debated whether this 6-unit new construction building at 1005 W. Webster in Lincoln Park signaled a market bottom in Lincoln Park.

It was a rare new construction development and the price points for the 3-bedroom units started at $699,000 and went as high as $875,000.

See our prior chatter and pictures here.

Many of you thought the prices were simply too high for the location near the El and the bars on Webster.

Since then, 4 out of 6 of the units have sold and another unit is contingent.

Here are the details on those units which sold with the March 2010 listing price appearing first:

1. Unit #2E: $759,000– sold in July 2010 for $705,000
2. Unit #2W: $739,000– currently listed at $719,000 and under contract
3. Unit #3E: $749,000– sold in January 2011 for $705,000
4. Unit #3W: $699,000– still available but doesn’t appear to be listed
5. Unit #4E: $875,000– sold in July 2010 for $870,000
6. Unit #4W: $849,000– sold in August 2010 for $825,000

These 3-bedroom, 2 bath units have luxury finishes including Viking appliances and natural stone baths.

So I will ask again- did this building signal the bottom of the Lincoln Park market- at least in the upper bracket?

Jeff Lowe at Prudential Rubloff has the listings.

See pictures and a virtual tour of Unit #2W here.

This bank owned 1-bedroom at 1620 S. Michigan in the South Loop recently came on the market.

It is listed at $99,900, or $70,100, under the 2006 purchase price.

It has hardwood floors, central air and washer/dryer in the unit.

From the pictures, it looks like only the refrigerator is missing in the kitchen. There is a stainless steel stove and dishwasher and granite counter tops.

In the bathroom, the tub and vanity are visible in the picture.

The listing doesn’t say anything about parking with the unit.

Is this a deal for an investor?

Ayoub Rabah at Great Street Properties has the listing. See the pictures here.

Unit #1016: 1 bedroom, 1 bath, no square footage listed

• Sold in September 2006 for $170,000
• Lis pendens foreclosure filed in February 2010
• Bank owned in November 2010
• Currently listed at $99,900
• Assessments of $185 a month
• Taxes of $2358
• Central Air
• Washer/Dryer in the unit
• No parking included
• Bedroom: 11×11
• Living room: 19×14
• Kitchen: 10×5

We last chattered about this 2-bedroom in The Green Brier at 559 W. Surf in Lakeview in September 2010.

See our prior chatter here.

At that time, it had just been reduced $50,000.

One of you thought it would need to be reduced another $50,000 due to the higher assessments and taxes. Another thought it was a good deal at the list price.

Since September it has been reduced another $54,100.

The unit has a unique interior atrium that leads to a private roof top deck.

The kitchen has been updated with custom cabinets, stainless steel appliances and granite counter tops.

The bathrooms are marble.

It has central air, washer/dryer in the unit and parking is available for $20,000.

The unit is now listed $5,001 under the 2003 purchase price.

Is this a deal?

Joe Zimmerman at @Properties has the listing. See the pictures here.

Unit #900: 2 bedrooms, 2 baths, 1600 square feet

• Sold in March 1993 for $200,000
• Sold in May 2003 for $275,000
• Originally listed in September 2009
• Listed in April 2009 for $349,900
• Reduced
• Was listed in September 2010 for $299,900 (parking is $25,000 extra)
• Reduced
• Currently listed for $249,999 (plus $20,000 for parking)
• Assessments of $915 a month (includes the doorman)
• Taxes of $7586
• Central Air
• Woodburning fireplace
• Washer/Dryer in the unit
• Bedroom #1: 15×22
• Bedroom #2: 13×10