Crib Chatter

Foreclosures in a building can be worrisome.  They can bring down prices in the entire building.  But there is a solution.  In Chicago, you can buy in a Co-Op building that requires the buyers to purchase in all cash. Yes, cash is still king in certain cases. And apparently there are some buyers who have […]

It might be easier in one of the big highrises to determine the comp on a condo as there are obviously more units coming onto the market. But what happens if you live in a smaller condo building that hasn’t had a sale in over a year?  Such is the case with the 433 N. […]

Thanks to the tipster who directed me to this modern single family home at 3150 W. Schubert in Logan Square. The house is 4 bedrooms, 3.5 baths with a three car garage.  It is 4,500 square feet.  I’m assuming it is newer construction as I couldn’t find a prior sale price for it. From the […]

It’s time for an update on 600 N. Fairbanks the Helmut Jahn modern skyscraper in Streeterville that started closings the first week of November 2007. Out of 227 units in the building, the current building statistics are: 25 units for sale 8 units for rent This is the highest number so far for the building.  Two […]

The South Loop can be overwhelming for buyers.  There seems to be new construction going up everywhere.  Imagine going to the sales centers down there?  Where would you start? In a brilliant bit of marketing, one agent, Rebecca Thomson from Re/Max Vision, is now offering the “South Loop Tour.”  This Sunday, January 13, she is renting […]

A few weeks ago a post about whether a 3 bedroom unit in The Sterling priced at $725,900 was a “deal” for 1900 square feet in River North sparked some discussion. It seemed cheap for the square footage and the location. But there are some other units in River North that put The Sterling three […]

Foreclosures and short sales are starting to take a toll on The New York, an American Invsco conversion at 3660 N. Lake Shore Drive in Lakeview. The 49 story building was built in 1987 and converted by American Invsco to condominiums in 2000.  There are 595 units in the building ranging from studios to two bedrooms.  […]

Lots of listings right now have the proverbial: “Motivated Sellers” But recently I’ve been seeing more of: “Willing to Negotiate” Such is the case with this 2004 townhouse in Old Town.  This townouse is in the not-so-great part of Old Town (in the re-developed area near Division.)  Old Town has several personalities.  There is “real” Old […]

  If you remember, there was a 1 bedroom unit at The Sterling at 345 N. LaSalle for sale on eBay.  The auction was expected to end on January 6, 2008 but I found when I went to the page that it had ended early (on January 4.) Maybe the bids weren’t going high enough? Same with […]

Sometimes you can see the reality of the current Chicago housing market just by pulling the listings of one building. Park Place at 600 N. Kingsbury was completed in 2002.  It wasn’t a “luxury” building but was your standard River North high rise with 42 inch kitchen cabinets and granite. Some of the sellers are struggling […]