There are a few signs of distress among owners in 212 W. Washington in the Loop. Many downtown condo buildings are seeing some issues with foreclosures and slow sales, however, so this building is not unique. But the current prices are telling part of the story. There will be a foreclosure auction on a 1 […]
I hate to keep posting on the negative news- but it is what it is. The Chicago Journal is reporting that Chicago foreclosures are on the rise. From the December 13, 2007 Chicago Journal: The Chicago Department of Housing reports that foreclosures in the city in the first half of 2007 are up 35 percent […]
This loft at the recently converted Paramount Lofts at 1645 W. Ogden is in “pre-foreclosure.” The listing states: GOT VIEW? AMAZING CHICAGO SKYLINE FROM FLOOR-2-CEILING WINDOWS LOOKING DIRECTLY E. AT THE SEARS TOWER*4TH FLR NR END UNIT W/BIG PRIV BALCONY*PRE-FORECLOSURE-BANK ORDERED SHORT SALE REQUIRED*TOTALLY RENOVATED BY DEVELOPER*LIKE ?NEW SELLER FORCED TO SELL*TONS OF HARDWOOD […]
There is something about The Belvedere at 270 E. Pearson. Built in 2003, this non-descript mid-rise at the end of quiet East Pearson near Lake Shore Drive has been popular from the beginning. I’ve heard through the grapevine that it is especially popular with European buyers (and has been for several years.) There are only 4 […]
There is an interesting interview in the Daily Herald called “Realtor Sees No Doom and Gloom” with Andy Starck who is “chief executive officer of Palatine-based Starck Realtors and has been in the industry in the suburbs almost 40 years.” This is what he says about the Chicago area real estate market: Home prices might […]
Pat posted a comment about this 1 bedroom condo at The Metropolis at 8 W. Monroe in the Loop. I’ve talked about this building before. It is a conversion building that closed in 2006. There were and are huge numbers of flippers/investors in the building. It seems that a large percentage of the building is […]
Someone recently brought up painting the interior of your home a neutral color in order to stage it. We hear about staging all the time, but what is it? I’ve seen it used on an empty property, where they bring in the minimum of furniture and plants to make it looked “lived in.” Everything is neutral and […]
A bunch of price reductions are suddenly appearing as “specials” for the month of December. These are not through developers, but for regular condos or single family homes. Some of them are like this house in Edgewater. The Craigslist post says “Dec. Special – 75k off”. 5857 N. Winthrop is a 1905 3 bedroom, 2 […]
One of the most important rules in real estate is to never buy the most expensive home on the block. The second most important rule is to never renovate your home so that it’s the most expensive home on the block. Unfortunately, this owner in the South Loop has violated both of these real estate rules. Built […]