Archive for September, 2007

Starbucks Opens in Bronzeville- Should you be buying property there?

Amid much fanfare, including Mayor Daley himself, the first Starbucks in the Bronzeville neighborhood opened last week at 35th and State, near the former home of the infamous Stateway Gardens public housing projects, which have been torn down.  A new mix-use housing development is going in in its place.  (Photo above taken by John Scanlon, at […]

Own a Piece of History on Alta Vista Terrace

There’s just something about a historic home.  New construction can’t even come close. One was recently listed on Alta Vista Terrace, the historic street in Lakeview that was built from 1900 to 1904 to look like London row homes.  From the City’s website on Chicago Landmark Districts: This street represents one of the last real estate […]

Foreclosure on Single Family in North Center a Sign of the Times

  It isn’t just condos that are ending up in foreclosure.  North Center has seen rapid price appreciation in recent years- going from affordable to ritzy- with single family homes easily selling for over a million dollars. One homeowner hasn’t been as lucky and now, according to the public foreclosure records, faces foreclosure on a […]

A $4.4 Million Penthouse in the Heritage

The Heritage, at 130 N. Garland Ct., near Millenium Park, has been a resounding success since it started closings in 2004. The building was actually quite affordable originally, with one bedrooms in the high $200,000s and two bedroom, two bath units that faced the lake from the mid-$400,000s.  Some of the units with the park […]

Stunning Japanese Gardens at Contemporaine Penthouse

 There are some buildings that are meant for greatness and CMK’s Contemporaine, the 28 unit modern concrete building in River North at 201 W. Grand is one of them.  Only a few years old, the building has already been added to the Architectural Foundation’s walking tours as an example of outstanding modern architecture. Units rarely come […]

Foreclosure Deal in Museum Park II

  The foreclosure brigade continues.   Sometimes they provide deals, sometimes they do not. This week a 2 bedroom, 2 bath unit is going to auction at Tower II at Museum Park in the South Loop at 1335 S. Michigan. Unit #503: 2 bedroom, 2 bath, 1384 square feet, 2 parking spaces (unclear if they are […]

Want to Sell Your Chicago Condo? Price Aggressively

  Let’s say, for whatever reason, you’ve decided to sell your downtown Chicago condo right now.  The peak buying period has passed (which is March through August in Chicago).  To add insult to injury, the housing market is flat in the city and inventory is still very high. How do you sell it? You price […]

New York v. Chicago Lofts: No Contest

  I was reading New York Magazine a few days ago and stumbled upon its real estate section which has a “featured property.”  The realtors discuss what they like or don’t like about the property and try and estimate what it should list for. This issue had a Tribeca loft.  The pictures of the loft are above.  Here […]

When are Assessments Just Too High?

  There is  a lovely vintage building at 1255 N. State Parkway called The Churchill which is in a great location right in the middle of the Gold Coast. The units are large, have the crown moldings and some of them have interesting interior terraces,  not visible from the street. Prices in the building have […]

True Loft Beauty in Bridgeport

  When you think of a loft, you think of the ones you see in the movies or on television with spiral staircases, massive ceilings, brick, timber and unique features.  In recent years, the lofts that have been renovated and marketed in Chicago have not really been close to this old loft ideal as developers rushed to […]