The developer at 550 St. Clair issued a press release a few days ago stating that “sales buck trend in Streeterville”. The press release states that they recently sold four units in the building, even as the housing market has stalled. From the press release: “Sales have rebounded now that buyers have had a chance […]
We were discussing in the comments recently about how hard it was to find decently priced rentals if you have a dog over 25 lbs. Those renters are at the mercy of their landlords (and price increases.) But what about when you’re selling a condo? More buildings than you think actually outlaw dogs (of all sizes) […]
A “real” one bedroom has just come on the market in an older River North loft building for only $209,900- which may or may not include the parking space. This isn’t one of those “convertibles” or junior 1 bedrooms. It’s the real deal. And the bedroom also has a window. This unit is already bank owned, hence […]
Zen, the new building at 225 S. Sangamon in the West Loop, is all about harmony and balance. Or so says the building’s website: The central theme of Zen is an individual living life in harmony with his surroundings, having balance in his every day life and an understanding of his place within the universe, […]
Townhouses have become quite pricey in the South Loop. I’ve chattered about million dollar luxury townhouses and cheaper townhouses near Printers Row. But as more sellers get into trouble, prices are coming down on some properties. Thanks to the tipster who sent me the listing info on this townhouse at 1529 S. State. This building was […]
For the last several years many “experts” have said Chicago wasn’t in a housing bubble (as they were apparently having on both coasts where prices were running up 20% a year or more.) In Chicago, prices went up “slowly” and there was no mania. Really? Maybe the experts should ask the owners of condos at […]
Some flippers in the West Loop are finding out that flipping isn’t always instant money. Take Madison 901 at 901 W. Madison in the West Loop. This new construction building by Terrapin is 148 units. Terrapin’s website says it is 80% sold. Closings started in the Summer of 2007. Currently there are: 9 units for […]
The December numbers for the Chicago metro area are out. From Crain’s: Chicago-area home sales fell 33.2% in December, according to the Illinois Assn. of Realtors. In the nine-county Chicago Primary Metropolitan Statistical Area, home and condominium sales in December totaled 5,033, compared with 7,530 in the same month of 2006. For the year, home […]
Maybe you’re like me and you’ve been on one of the river or lake boat tours that glide by all of the townhouses along the north side of the river in Streeterville and thought, “who lives there?” Now’s your chance. One of the townhouses directly on the Chicago River is on the market. 437 E. North Water: […]
I’ve chattered about staging before but someone also recently commented how it was common to do in San Francisco but not so common here in Chicago. Does staging matter? Here is the same unit in 600 N. Fairbanks. Both are 1746 square foot 3 bedroom, 2.5 bath southwest corner units. Unit #1501 is minimally staged. Unit […]