Archive for January, 2008

McMansion Foreclosure in Bucktown: 2230 W Medill

The media has been saying lately that foreclosures are “bad for the neighborhood”. This McMansion house at 2230 W. Medill is the perfect example of that.  The house is near the Kennedy Expressway and Western Avenue in North Bucktown/West Bucktown/Logan Square (???).  In the picture below, you can see that there are two McMansions built […]

Steals and Deals: 2 bedrooms for under $300k in the South Loop

How badly do you want space? There are a couple of short sale condos on the market in Dearborn Park in the South Loop that are far cheaper than any of the new developments going up to the east. Of course, you’ll have to live in a building constructed in 1979. I’m talking about 1143 […]

Own Your Own Coach House in the Gold Coast: 20 E Goethe

The Gold Coast isn’t just about the lovely vintage rowhouses and mansions on Astor Street.  There are some unusual properties if do some investigation. This coach house at 20 E. Goethe is one of them. If the address sounds familiar to you- it should. This is the building you’re thinking of: But behind the building […]

Chicago Housing Market: More Luxury Condos in the Gold Coast

I don’t know how many of you saw this blurb in David Roeder’s column in the Sun-Times yesterday: For months, people living near the southwest corner of Clark and Chestnut wondered about the hole in the ground. The owner, Lubavitch Chabad, planned a Center for Jewish Life on the site, but couldn’t raise the money. […]

Flipper Alert: 30 W Oak is a flippers dream

30 W. Oak on the edge of River North/Gold Coast near the Rush Street restaurant scene was a successful building since inception. The building has become a favorite of those who like the modern style.  The 24 story, 46 unit building has only top of the line finishes including Poggenpohl kitchens.  Ceiling heights are 10 feet […]

Sellers Hang on to Prices: Lofts at 333 W Hubbard

Why haven’t prices come down much in Chicago? Sellers are holding onto the old mania prices and hoping someone will bite. And holding.  And holding.  And holding. Thanks to the tipster who sent me the information about the group of one bedroom units at the Union Square Lofts at 333 W. Hubbard in River North. The building […]

Some Chicago Area Housing Stats for November 2007

November seems like ages ago.  We all want to know what is happening now. But this is the most recent data I’ve seen reported on the Chicago housing market.  It’s better than no data at all. From the Chicago Tribune: Times have changed. The inventory of homes on the market in the Chicago area swelled […]

The State of Chicago’s Condo Market

The Chicago Tribune reported on the Chicago housing market today.  The news regarding the downtown condo market isn’t all that positive. The Chicago metropolitan region “isn’t as bad as Florida and California, ground zero in the housing recession, but we have the same problems,” said economist Diane Swonk of Mesirow Financial. The ills ailing the […]

Small 2 Bedrooms Struggling to Sell in The Fordham: 25 E Superior

The Fordham at 25 E. Superior in River North was a sensation when it originally was marketed. Slated to originally be an apartment building, it was turned into an upscale condo residence that allegedly had buyers such as Jennifer Aniston (in her Vince Vaughn days) looking there. The building was completed in 2002. But in […]

Steals and Deals: Buy in the Loop for only $200k

Yesterday, everyone was going ga-ga over the $209k foreclosure at 300 W. Grand.  But it’s still possible to find a one bedroom condo for around $200k in the Loop where you can walk to Millennium Park and the Lake. 20 N. State in the Loop was converted from an office building in 2002.  The building is […]