Archive for November, 2007

Foreclosures Mount in River North’s The Sterling

  The Sterling, at 345 N. LaSalle in River North, continues to live up to its name as the #1 building for foreclosures in downtown Chicago (and possibly ALL of Chicago).  Two new auctions were held this week: Unit #2710: 1 bedroom, 1 bath Sold in December 2003 for $329,500 Auction price of $269,643 Unit #2804: studio […]

The Housing Slowdown Is Hitting Chicago’s Luxury Market

  There are just certain buildings that keep their cache and 55 E. Erie is one of them.  Popular with the uber-rich because of the location (in the middle of River North, just off the Mag Mile) and the finishes (which were tastefully upscale), the building has always seen stellar sales and re-sales.  It also […]

630 N. Franklin: Even Desperation Prices Aren’t Working

  A one bedroom, one bath condo just went into foreclosure at 630 N. Franklin, the 2 year old 165 unit CMK mid-rise loft style building in River North. Before it did so, however, the seller must have gotten approval from the bank to try a short sale.  It came too little, too late. Unit […]

Malibu? Nah- It’s Chicago. Rogers Park to Be Exact

  Great lake access isn’t just available in downtown Chicago.  If you venture north or south of the loop, you can come across some areas that are literally right on the lake- with private beach access.  (Meaning no Lake Shore Drive or bike paths to block you.)  Last time I talked about private beaches, I […]

Sayat Nova Refused to Sell to the Developers

You’ve probably walked by this restaurant dozens of times in Streeterville and not noticed it (especially now- as construction on 550 N. St. Clair is happening right next door.)  It’s right off of Michigan Avenue- next door to the Gap.  But now, apparently, you not only can eat at Sayat Nova, you can live above the […]