Archive for March, 2008

Flipper Alert: More Flips Appearing on the Market at MoMo

Closings continue at MoMo, at 8 E. Randolph, in the Loop.  More units are coming back  on the market as flips. There are numerous listings either for sale or for rent on Craigslist. There are also several reductions on the rentals already on Craigslist- specifically on the one bedroom units. Currently, I’ve found at least one of the […]

$18K Price Reduction on Elevator Shaft Loft at 110 N. Peoria

In December 2007, I chattered about this loft at 110 N. Peoria in the West Loop that had an elevator shaft in the living room. It has since been reduced. Unit #206: 1 bedroom, 1 bath,  1450 square feet Sold in May 2000 for $252,500 Listed in December 2007 for $323,000 (plus $25,000 for parking) […]

We Love Authentic Lofts: 312 N. May

The Warehouse Lofts at 312 N. May in the West Loop was converted several years ago. It’s a brick and timber warehouse building with 13 foot ceilings near the Fulton Market District with 59 units. Want a true loft? Look no further. Unit #3E: 1 bedroom, 1.5 baths, 1600 square feet Sold in March 2001 […]

Flipper Alert: Update on Re-Sales at 600 N. Lake Shore Drive

Closings began on 600 N. Lake Shore Drive, Belgravia’s new towers on the lake in Streeterville, last fall. One of the three units I chattered about in late January has sold. Unit #1704: 3 bedrooms, 2 baths,  2149 square feet I’m not sure if this unit sold previously as I couldn’t find an original sales […]

Update on a Foreclosure at The Lancaster: 201 N Westshore

In October 2007, I chattered about a foreclosure auction on a two bedroom unit in The Lancaster at 201 N. Westshore Drive in Lakeshore East. It was the first condo building to be completed in the Lakeshore East complex. In October, it had an auction price of $516,000. It didn’t sell at the auction and is […]

Price Reduction on the Manor House: 1021 W. Bryn Mawr

You can’t help but notice the Manor House at 1021 W. Bryn Mawr when you’re in Edgewater. Built in 1907, it now has 16 units. I chattered about it in November 2007. At the time, two units were for sale. Unit #3C, a 1600 square  foot two bedroom, two bath that was listed for $349,000 which […]

A Foreclosure Appears in 1620 S. Michigan

1620 S. Michigan is the modern CMK-developed building in the South Loop that closed in 2006. There are 249 units in the building. I have chattered about flippers taking losses in the building before and wondered how long other investors could hold on. A foreclosure has now appeared as well. Unit #326: 2 bedrooms, 1 […]

Million Dollar Price Reduction in The Heritage: 130 N. Garland

I last chattered about a penthouse unit in The Heritage at 130 N. Garland in Millennium Park/Loop in September 2007.  I commented that the $4.4 million asking price was a new price point for the Millennium Park area, if they could get it. It has since been reduced by $1.1 million. Unit #5701: 4 bedrooms, 4.5 baths, 4668 […]

Foreclosure Sells at 55% Reduction in River City: 800 S. Wells

I’ve chattered about the rash of foreclosures in River City, the conversion at 800 S. Wells, in Printer’s Row/South Loop before. Many of the large 1600 square foot 3 bedroom, 2 bath duplexes have gone into foreclosure. One of them finally sold. Unit #551: 3 bedrooms, 2.5 baths Sold in December 2004 for $511,700 Was listed in […]

Darn Fine Rentals: 340 On The Park

We’ve been chattering about renting instead of buying. And why not? There are plenty of lovely rentals in all of the new buildings. 340 On the Park, at 340 E. Randolph, near Millennium Park seems especially popular as the rents are cheaper than what it would cost to buy the same unit. This one bedroom […]