Crib Chatter

  Some buildings just don’t quite make it- even in a booming market.  420 W. Ontario is one of those. It was converted into lofts only about 4 years ago and is an authentic brick and timber building with only 28 units.  Those of you familiar with River North know it as the Reza’s building. The […]

  If you watch the real estate scene intently enough, every so often deals appear (especially in this housing market.) Such was the case on a recent 2 bedroom, 2 bath that came up for sale in the Millennium Centre at 33 W. Ontario. Unit #15H: 2 bedroom, 2 bath, 1289 square feet Sold in […]

  This ad on Craigslist about 1727 N. Clybourn #1 caught my eye: $484000 Bought for $440,000 in 2001!!! Duplex 3 Bed 2.5 Bath Garage Parking Is this headline true? 1727 N. Clybourn, #1 is a 3 bedroom, 2.5 bath duplex, with 2400 square feet and garage parking.  It has an interesting history: Sold in April […]

  You don’t see million dollar condos go into foreclosure that often (not yet anyway) but there is one this week. Millennium Centre at 33 W Ontario was built at the beginning of this decade by American Invsco. The building has had some difficulties since closings began in 2003.  For instance, the building is still […]

If you read the Crain’s article I posted about previously about the slowdown in sales in the South Loop (and the sale of a big piece of land by Lennar to AvalonBay, an apartment company that is going to build 984 apartments there instead of condos) and compare it to this Chicago Tribune article talking […]

As you recall, I recently posted about a $3 million Hinsdale McMansion that was going to foreclosure after 3 years on the market.  It sold. 805 W Hickory: Originally listed for $3.198 million in 2004 Previously listed for $1.799 million in September 2007 Went to auction for $1.301 million Sold on September 12, 2007 for […]

Crain’s Chicago Business is reporting that the south loop condo market is slowing and some projects are now being canceled. From Crain’s: Downtown condo developers scrapped or deferred pro-jects comprising 485 units by the end of the second quarter, the report says. That includes a 146-unit high-rise at 2039 S. Prairie Ave. in the South […]

The flippers are coming out of the woodwork at Helmut Jahn’s new high rise in Streeterville.  Just last week the first flips were listed.  Two more have appeared on Craigslist for higher floors, both by these by the same flipper/owner. Can the prices get any more outrageous? The flipper is asking $529,000 for a one bedroom on […]

Pearson on the Park was a conversion, begun last year,  from an older apartment building into condos at 222 E. Pearson near the Magnificent Mile. The location is excellent. Many of the units look out over the Museum of Contemporary Art and many have lake views across the park. Pearson is a quiet street which is […]

Closings have begun at The Columbian, 1160 s. Michigan, the building that anchors the end of the row of highrises flanking the west side of Grant Park at Michigan and Roosevelt Road. The building had a lower price point than some of the other new construction going up near Grant Park so the flippers are […]