Crib Chatter

  When a condo in a good location is on the market for over 500 days, you would think you would start looking at the price as the reason it’s not selling.  Or, to be blunt, it’s priced too high.  Still, sellers remain stubborn thinking this is 2005 instead of 2007. Take listing #106 in […]

  540 N. Lake Shore Drive is the only loft building that faces the lake in Streeterville, the Gold Coast or the South Loop (that is directly lake facing.) Built in 1912, it was originally the home of Borg-Warner Company.  In 1983, it was renovated into apartments and in 1992 became a condo conversion.  There is […]

Following on the heels of the $4.6 million foreclosure in Lincoln Park, another huge McMansion home, this time in ritzy Hinsdale, is going on the auction block today. The home’s MLS listing describes it as the following: 5 bedroom, 5+ bath with elegant foyer and reception hall. Well-designed kitchen and stunning family room. Rich in details […]

  The highly anticipated glass enclosed Helmut Jahn building at 600 N. Fairbanks is ready to begin closings as soon as the beginning of October. The first flips and rentals are appearing on Craigslist and the MLS. The rental is for a 900 sq. foot one bedroom for $2200 a month.  That does not include […]

As I was perusing through the real estate for sale on Craigslist, one post caught my eye.  The title of it was “Home Prices Shooting Up…Next Boom Wave!!” Clicking on the post, it said, simply, the following: Assessments Higher!! Interest rates at lowest for 2 years… If you don’t have to sell, RAISE THEM PRICES […]

If you’ll recall from a prior post, the sheriff’s auction of 2440 N. Orchard in Lincoln Park was due to go forward this week. I called the Sheriff’s office and found out that it had been “canceled”- not surprising given the property and the auction price of only $1.325 million. That developer/builder apparently found a […]

CMK has two buildings in the south loop nearly next door to each other.  Both are modern with concrete and glass. 1620 S. Michigan was the first of the buildings to close (the other being 1720 S. Michigan.)  Closings began in 1620 last summer. CMK has been building fairly affordable buildings in the last few […]

Sono, the new building under construction near the Clybourn corridor (the developer calls it Lincoln Park but no one else does) had a new ad in the Chicago Tribune on Sunday. The ad had a picture of a young, thin, blonde woman and asked: “Are you a Match for Sono?” It was a “play” on the internet […]

Slowly, the foreclosure lists are starting to reflect stresses in all markets in the Chicago area. Last week there was a $1.3 million foreclosure in Hinsdale on Hickory. According to the Chicago Tribune, on September 11 the sheriff is auctioning off a multi-million dollar Lincoln Park home. 2440 N. Orchard St.: Sheriff Sale for: $1,325,655 Last sold […]

  In this crazy market, there are some properties that seem to sell in only a few weeks (for insane prices) and others that sit on the market for months with numerous price reductions. 560 W. Roscoe #3W is one of those properties that is sitting on the market. It’s a gorgeous unit that feels […]