South Loop Short Sale Townhouse Now Listed Under the 2000 Price: 1619 S. Indiana

We last chattered about this 3-bedroom townhouse at 1619 S. Indiana in the South Loop in December 2011.

See our prior chatter here.

It is a short sale and has been under contract several times.

If you recall, it is a fee simple townhouse with an attached 1-car garage.

All 3 bedrooms are on the third floor.

The kitchen has granite counter tops and black appliances.

A lis pendens foreclosure was filed on this property 28-months ago.

I asked in December if it just made sense for an interested buyer to wait for the bank to own it- but since it is 28 months and ticking and the bank STILL doesn’t own it- waiting it out may not be the right strategy.

Now listed just under the 2000 purchase price, is this a deal?

Peter Perisin at D’Aprile Properties still has the listing. See the pictures here.

1619 S. Indiana: 3 bedrooms, 2.5 baths, 2000 square feet, 1 car garage

  • Sold in January1997 for $271,500
  • Sold in February 2000 for $400,000
  • Sold in June 2006 for $550,000
  • Lis pendens foreclosure filed in February 2010
  • Originally listed in February 2011 for $489,900
  • Was under contract in July 2011
  • Fell out of contract
  • Was listed in December 2011 as a “short sale” for $424,900
  • Reduced in December 2011 to $399,008
  • Went under contract
  • Re-listed as a short sale for $399,008
  • Assessments of $302 a month
  • Taxes now $7226 (were $6925 in 2011)
  • Central Air
  • Bedroom #1: 14×13 (third floor)
  • Bedroom #2: 14×10 (third floor)
  • Bedroom #3: 10×10 (third floor)
  • Family room: 17×22 (second floor)

The Classic 4-Bedroom Vintage East Lincoln Park Rowhouse: 345 W. Belden

This 4-bedroom rowhouse at 345 W. Belden in East Lincoln Park came on the market in May 2012.

Built in 1881 on a 16.2×124.5 lot, it has parking for 1-large car or 2-small cars.

The rowhouse has a custom kitchen with stainless steel appliances and a second kitchen in the lower level which could be an au pair or in-law arrangement.

The bedrooms are split with 2 of them on the third floor, one on the main floor and one in the lower level.

The living room and kitchen are on the second floor with a family room on the main floor.

Is the sale of this rowhouse all about the location?

Or will it appeal to those who want that extra space in the lower level?

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

345 W. Belden: 4 bedrooms, 3.5 baths, no square footage listed, 1 car parking included

  • Sold in March 1997 for $380,000
  • Sold in January 1999 for $566,000
  • Originally listed in May 2012 for $1.795 million
  • Currently still listed at $1.795 million
  • Taxes of $12,272
  • Central Air
  • Bedroom #1: 15×14 (third floor)
  • Bedroom #2: 15×9 (third floor)
  • Bedroom #3: 10×11 (main floor)
  • Bedroom #4: 12×10 (lower level)
  • Family room: 15×15 (main level)

 

Looking For A Unique Downtown 3-Bedroom Penthouse? 6 E. Monroe In The Loop

This 3-bedroom penthouse in The Mentor Building at 6 E. Monroe in the Loop just came on the market.

We actually chattered about it nearly 5 years ago when this blog was brand new.

See our December 2007 chatter here.

The unit DID sell in March 2008.

Now it is back on the market but it’s listed as a short sale for $225,100 under the 2008 price.

Who can forget this kitchen?

No standard dark wood cabinets for this unit.

It has cherry wood mode cabinets, Miele appliances and granite counter tops. (See the prior chatter from 2007 for a great picture of the kitchen.)

The unit is duplex up and has vaulted ceilings and skylights on the second level.

All three bedrooms are also on the second floor.

It has north, east and south views.

The unit has in-unit washer/dryer and central air. Parking is available across the street at 8 W. Monroe for $35,000.

At this short sale price, is this a deal for the square footage and the location?

Jenna Smith at Redfin has the listing. See more pictures here.

Unit #1601: 3 bedrooms, 2.5 baths, 2664 square feet, duplex up

  • Sold in June 2003 for $660,000
  • Sold in March 2005 for $675,000
  • Sold in March 2008 for $825,000
  • Originally listed in May 2010 for $1 million
  • Reduced numerous times
  • Currently listed as a “short sale” at $599,900
  • Assessments of $1230 a month (includes heat, a/c, cable)
  • Taxes of $8415
  • Central Air
  • In-unit washer/dryer
  • Parking available across the street at 8 W. Monroe for $35,000
  • Bedroom #1: 18×13 (second floor)
  • Bedroom #2: 11×13 (second floor)
  • Bedroom #3: 18×15 (second floor)
  • Den: 14×11 (main floor)

New Construction Duplex Downs Still Selling For Over $700K: 1022 W. Diversey in Lakeview

We chattered about this new construction 3-unit building at 1022 W. Diversey in Lakeview several times in 2012.

See our January 2012 chatter here.

The top floor 2-bedroom penthouse sold within 4 months as did the second floor 2-bedroom.

  • Unit #3 sold in April 2012 for $535,000
  • Unit #2 sold in April 2012 for $435,000

But it didn’t take long for the 4-bedroom duplex down to also sell.

The entire building was sold out within 7 months of listing the units with the duplex down selling for $732,500.

Forget building million dollar homes.

Could developers clean up by building $600,000 to $800,000 3-bedroom condos in Blaine, Bell, and Burley school districts where new properties listed over $400,000 but under $1 million are nearly non-existent?

(This property wasn’t even IN one of those top school districts.)

John McNaughton at Prudential Rubloff had the listing. You can still seen the interior pictures here.

Unit #1: 4 bedrooms, 2.5 baths, duplex down, no square footage listed, parking included

  • Originally listed in in February 2012 for $750,000
  • Sold on July 10, 2012 for $732,500
  • Had high end millwork
  • Viking appliances

Lincoln Park 2/2 With Parking Reduces Under $400,000: 917 W. Webster

We last chattered about this 2-bedroom at 917 W. Webster in Lincoln Park in March 2012.

See our prior chatter here.

Back in the spring, the listing mysteriously was de-listed the day we chattered about it so many of you had a hard time seeing the pictures.

Back then, it was listed for $429,000 but most thought the second bedroom was too small at 9×8 and that it would sell under $400,000.

It has now been reduced to just under $400,000 (and several Redfin agent comments reflect that the second bedroom is very small.)

If you recall, this unit has a private entry with a skylight.

At 1300 square feet, it has the high ceilings characteristic of a vintage unit.

The kitchen has cherry cabinets, granite counter tops and stainless steel appliances.

There is a south facing private patio, central air, washer/dryer in the unit and garage parking.

(The Redfin agents also comment that the association is considering redoing the back decks to make them bigger.)

Is this unit now priced to sell?

Timothy Sheahan at Conlon now has the listing. See the pictures here.

Unit #3E: 2 bedrooms, 2 baths, 1300 square feet

  • Sold in March 1988 for $164,500
  • Sold in March 1992 for $181,000
  • Sold in April 1993 for $183,000
  • sold in March 1995 for $190,000
  • Sold in August 2003 for $359,000
  • Originally listed in January 2012 for $449,000
  • Reduced
  • Currently listed at $429,000 (parking included)
  • Reduced
  • Currently listed at $399,899 (parking included)
  • Asssessments of $175 a month
  • Taxes of $5964
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 15×11
  • Bedroom #2: 9×8

New Construction Market Heats Up: 2/2 Condos Starting At $489,000 in Southport: 1204 W. Cornelia

This 6-unit building at 1204 W. Cornelia in the Southport neighborhood of Lakeview is still under construction but the units have started coming on the market.

According to several of the listings, 2 of the units, including at least one of the 4-bedroom first floor duplex down units priced at $789,000, are already under contract.

Delivery is expected in November 2012.

Prices on the units are the following (they’ve only listed 3 of the 6 so far):

  • Unit #1W: 4 bedrooms/2.5 baths, $789,000
  • Unit #2W: 2 bedrooms/2 baths, $489,000
  • Unit #3W: 2 bedrooms/2 baths, penthouse with rooftop deck, $575,000

I can’t tell for sure if parking is included, but it looks like it is.

Other than new construction right on Southport itself, I can’t remember the last new construction building in the neighborhood (and one that isn’t directly on the El tracks.)

Yes, it’s in the Blaine school district (which is being marketed heavily).

The units will have upscale finishes such as crown molding, heated floors, concrete soundproofing and Viking appliances.

With 2 out of the 6 condos already sold, it appears demand is strong for “new” in Southport.

Is this one of the few neighborhoods that can still support a 2/2 condo priced at nearly $500,000?

Jeff Lowe at Prudential Rubloff is handling sales. Check out interior pictures (of similar buildings) here.

Can An East Lakeview 6-Bedroom House Command Over $3 Million? 550 W. Oakdale

We’ve seen a few Lakeview houses sell in the past year for over $3 million (most notoriously the house bought by the new Cubs GM in Southport) but there haven’t been many on the market over $3 million in East Lakeview like this new construction house at 550 W. Oakdale.

The 7000 square foot house has a 53 foot atrium center and radiant heat floors.

It has ten foot ceilings and eight foot doors.

The kitchen has the usual upscale appliances like SubZero and Viking.

The house has 4 decks and parking for 4 cars on a 25×140 lot.

And if you’re wondering how you’ll cool it all, the house has 4 HVACs.

Listed at $3.2 million, can a single family home in East Lakeview command a price over $3 million?

Marius Tatarunas has the listing. See the pictures here.

550 W. Oakdale: 6 bedrooms, 4 baths, 3 half baths, 7000 square feet, 4 car parking

  • Originally listed in June 2012 for $3.2 million
  • Currently still listed for $3.2 million
  • Taxes of $37,897
  • Central Air
  • 4 Decks
  • Bedroom #1: 20×15 (third floor)
  • Bedroom #2: 15×18 (second floor)
  • Bedroom #3: 10×14 (second floor)
  • Bedroom #4: 12×18 (second floor)
  • Bedroom #5: 10×15 (second floor)
  • Bedroom #6: 11×22 (basement)

 

East Lakeview Pre-War 3/3 With Parking Reduces Again: 504 W. Barry

We’ve been following this vintage 3-bedroom at 504 W. Barry in East Lakeview for over a year.

See our February 2012 chatter here.

Back in February when it was priced at $699,900, many of you liked the unit but thought it was overpriced (surprise!) and would sell in the low $600,000s due to the assessment (among other things.)

Looks like the Chatterati might have gotten this one right.

The property was recently reduced to $639,900.

If you recall, the 10-unit building was built in 1927. One of the old listings described it as a “gothic jewel.”

At 2200 square feet, the unit has some of its vintage features intact such as a woodburning fireplace and crown molding.

It also has the modern amenities buyers look for with space pac a/c and side-by-side in-unit washer/dryer.

Parking is a premium in the neighborhood, but the unit comes with parking as well as guest parking, a rare bonus.

The listing describes the kitchen as a “chef’s kitchen”. It has stainless steel appliances.

The property also comes with a large balcony- which is somewhat unusual for this type of vintage building.

With the price now in the low $600,000s, will this find a buyer soon?

Richard Cohn still has the listing. See the pictures here.

Unit #3W: 3 bedrooms, 3 baths, 2200 square feet

  • Sold in August 2000 for $427,500
  • Sold in May 2007 for $750,000
  • Was listed in April 2011 for $779,900
  • Reduced
  • Was listed in February 2012 at $699,900
  • Reduced
  • Currently listed at $639,900
  • Assessments of $744 a month (includes heat)
  • Taxes now $9877 (they were $9295 in prior listings)
  • Space Pac A/C
  • In-unit washer/dryer
  • Parking included (the building also has guest parking- a valuable commodity in East Lakeview)
  • Bedroom #1: 17×12
  • Bedroom #2: 16×13
  • Bedroom #3: 12×12

We Love 3-Bedroom Authentic Lofts With 18 Foot Timber Ceilings: 1750 N. Wolcott in Bucktown

This 3-bedroom loft in the Signature Lofts at 1750 N. Wolcott in Bucktown has been on the market since May 2012.

It has all the features of an authentic loft including large south facing industrial size windows, exposed brick walls and 18 foot timber ceilings.

The kitchen has white cabinets, stainless steel appliances and granite counter tops.

From the listing pictures, at least 2 of the bedrooms have windows (not sure about the third.)

It also has the rare (and coveted) 2-car garage parking which is included in the price.

The loft has been reduced $20,000 since May.

It is now listed $21,000 under the 2006 purchase price, at $679,000.

Is Bucktown hot enough to command $323 a square foot for this loft?

Susan Kosoglad Packer at Baird & Warner has the listing. See the pictures here.

Unit #305: 3 bedrooms, 2 baths, 2100 square feet, 2 car parking

  • Sold in April 2001 for $577,500
  • Sold in April 2003 for $600,000
  • Sold in May 2006 for $700,000
  • Originally listed in May 2012 for $699,900
  • Reduced
  • Currently listed at $679,000
  • Assessments of $535 a month (includes cable)
  • Taxes of $9641
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 14×14
  • Bedroom #2: 14×13
  • Bedroom #3: 13×9

 

How Hard Is It To Sell Once You Remove One of the Bedrooms? 240 E. Illinois in Streeterville

This 2-bedroom loft at the Fairbanks of Cityfront Plaza at 240 E. Illinois in Streeterville recently came on the market.

It is a short sale.

The listing says it is a 2-bedroom converted to a large 1-bedroom measuring 1314 square feet.

This loft is located in the base of the building and has hardwood floors and concrete ceilings.

Built in 2007, it has all the new construction amenities like in-unit washer/dryer and central air.

There aren’t any pictures of the kitchen (strangely enough) but you can see that it’s there in the reflection in the mirror in the picture of the bar area.

This loft is listed $104,000 under the 2007 purchase price.

But with only one bedroom, will someone even bite with the price of $440,000?

Can buyers “envision” the unit with two bedrooms, if the seller has taken down the walls?

Shai Wolkowicki at Shai Town Realty has the listing. See the pictures here.

Unit #306: 2 bedrooms, 2 baths, 1314 square feet

  • Sold in July 2007 for $544,000
  • Lis pendens foreclosure filed in April 2011
  • Currently listed as a “short sale” for $440,000 (parking included)
  • Assessments of $746 a month (includes heat, ac, gas, doorman, pool)
  • Taxes of $7593
  • Central Air
  • Washer/Dryer in the unit
  • Bedroom #1: 11×14
  • Bedroom #2: 14×11