The Marquee at 1454 S. Michigan in the South Loop is starting closings this month. Prepare yourself. The building was sold pre-construction at “affordable” prices. The original price range was: 1 bedrooms from the high $100,000s 2 bedrooms from the high $200,000s 3 bedrooms from the high $300,000s Penthouse units from the high $600,000s Already, several […]
I haven’t talked about the John Hancock yet which is a bit peculiar as it is the world’s tallest residential structure (although it doesn’t qualify as the tallest residential highrise because it also has a commercial component.) But that’s just facts and figures. Whomever is living on the 92nd floor is living in the tallest condo […]
There seems to be a certain price point that has really slowed in the Chicago condo market. Included in that price point are two bedroom, two bath condos over $400,000. An example of the slowdown is evident in the listings at 508 W. Melrose, a 2004 new construction mid-rise building in Lakeview. There are two […]
Closings began in the last few months at 600 N. Lake Shore Drive, the first of Belgravia’s two high rise towers going up in Streeterville across from Ohio Street Beach. A tipster told me that there was a clause in the contract that buyers couldn’t sell for a year after closing. Yet some flips are starting to […]
I was struck by a listing I saw for a unit at the Cinema Lofts at 1635 W. Belmont in Lakeview. The building was converted into lofts in 1997. It was for a 2 bedroom, 2 bath and it said, “prior to closing, new stainless steel range/oven, refrigerator and dishwasher.” Do stainless steel appliances matter? In […]
Crain’s recently focused on the dilemma many people have voiced here at Crib Chatter. Should they rent or should they buy? Renting seems like the much better financial deal right now. The general statistics also seem to confirm that renting is smarter right now. From Crain’s: Apartment rents are surging in the Chicago area, but that […]
Perhaps you’ve walked up Dearborn in River North and the Gold Coast and seen this black building as I have. It is 1025 N. Dearborn a development of 10 modern townhomes that were supposed to compliment the highrise tower next to it at 30 West Oak. Smithfield developed 30 West Oak. The townhomes aren’t listed on Smithfield’s website but they […]
Crain’s is reporting the fourth quarter Chicago sales statistics: Builders sold 2,196 units in the quarter, a 51% decline from the year-earlier period and the biggest quarterly drop since the residential slump began more than two years ago, according to Tracy Cross & Associates, a Schaumburg-based real estate consulting firm. Homes sold in the quarter […]
The Brewster, at 2800 N. Pine Grove in Lakeview, is famous for several reasons. Not only did Charlie Chaplin live in the penthouse in 1915 and 1916 but several movies have also been filmed in the building, including Childs Play and The Untouchables. The interior of the building is amazing, with intricate ironwork and skylights. Built in 1893, […]