Crain’s is reporting that a large parcel of land on the Chicago River in Printers Row that has sat empty for 37 years was finally bought by a smaller Chicago real estate developer for $40 million. The piece of land is just north of River City on Wells Street- or across the street from Wells Street Tower and […]
Inventory continues to be plentiful at The Regatta, at 420 E. Waterside Drive, in Lakeshore East. Currently the building statistics are: 23 units for sale 19 units for rent Some units may be both for sale AND for rent. Unit #1108 recently had a price reduction. Unit #1108: 2 bedrooms, 2.5 baths, 1500 square feet […]
The Wall Street Journal looks at foreclosures bringing down prices across the nation on the front page today. Most interestingly was where Chicago fell compared to the rest of the nation with the number of foreclosures. Looks like the Chicagoland area is among the highest in the nation as a percentage of overall housing. Wave […]
Think a townhouse in Lincoln Park is out of your price range? Think again. I’ve chattered about some reasonably priced townhouses in Lincoln Park and Lakeview before. But this the cheapest I’ve seen yet. And it’s updated. It’s a two bedroom at 2128 N. Lincoln. I can’t find the square footage, which means it’s pretty […]
The Chicago Tribune weighs in on February’s housing numbers on the front page of the paper. Chicagoland saw better sales numbers than the rest of the nation. But it sounds like high prices and difficulty getting loans are still part of the problem. From the Chicago Tribune: “It’s a little encouraging,” said Mike Larson, an […]
Two units that I last chattered about in early February 2008 at 451 W. Huron in River North, are now under contract. Unit #503 and #804 are both 1 bedroom, 1 bath units and are now under contract. Unit #503: 1 bedroom, 1 bath, around 770 square feet Sold in September 2007 for $280,000 Was listed […]
The February housing numbers are out from the Illinois Association of Realtors. From Crain’s: The city’s condo market showed a mix bag, as sales dropped 9.7% to 1,047 units while the median price rose 10.5% to $314,900. These numbers were compared with February of 2007. The greater Chicagoland area seemed to fare worse than the […]
Five weeks ago I chattered about this authentic loft at 531 S. Plymouth in Printer’s Row. It has since had a price reduction. Unit #502: 1 bedroom, 1 bath, 1300 square feet, corner unit Sold in April 2003 for $279,000 Was listed in February 2008 for $364,900 (parking included) Currently listed for $349,000 (parking included) Craigslist ad says […]
We’ve been chattering about buyers who bought at the peak of the market in 2005 and 2006 who are now trying to sell for a profit. How long do you have to own real estate before it becomes profitable? In the last few years- the answer has been “not very long.” But in a “normal” housing market, the […]