Archive for April, 2008

Short Sale Fails to Find Buyer: One Bedroom in 212 E. Cullerton

  This seller of a one bedroom at 212 E. Cullerton in the South Loop, knew time was of the essence: SERIOUS BUYERS ONLY! SHORT SALE AND PKG INCLUDED. HURRY THOUGH THIS GOES TO SALE SOON SO WE NEED OFFERS!!! UPGRADED 1 BR WITH GRANITE TOPS, ITALIAN CABS, SS APPLS, LARGE TERRACE, GRANITE TILED BTH, HRWD […]

Tough Market To Sell In: 1346 N. Hoyne in Wicker Park

Hoyne is a lovely historic street as it works its way north through Wicker Park. That street is lined with gorgeous historic mansions. It should be easy to sell there- especially units that are brand new construction with all the bells and whistles. It is only two blocks away from the restaurants on Damen/Milwaukee and the Blue […]

Chicago’s Case-Shiller Index Numbers

The Case-Shiller Index numbers were out yesterday. Some posters already have commented about them but in case you haven’t seen them: Chicago saw prices drop 2 percent in February compared with January, and 8.5 percent in the past year, according to the index. Nonetheless, Chicago housing prices are up 53 percent from January 2000. These […]

Flipper Alert: Flipping a Townhouse in Park Side of Old Town

The flippers are still alive and well in Chicago despite the slowdown in the market. We’ve seen quite a few of them in the newly constructed high rises.  But they’re also active in the townhouse market. Take 1145 N. Cambridge in Park Side of Old Town, the new development in the Old Cabrini Green neighborhood at […]

Update on 334 W. Menomonee in Old Town

334 W. Menomonee in Old Town has been a mysterious building.  334 W. Menomonee, in the historic triangle, is Melrose Partners’ historic conversion into 18 luxury condos. The finishes were more upscale than you would find in other nearby conversions such as Crilly Court. But so were the prices. As far as I can tell from […]

Three Years Later and Trying to Sell at 950 W. Monroe

There was plenty of new construction that closed during the boom years of 2005-2006. What happens to those who try to sell only a few years later? The Residences at 950 W. Monroe in the West Loop is a good example.  This was the developer’s rendering of the building in 2005 (from the marketing materials). The midrise “soft-loft” […]

Steals and Deals: One Bedroom for $215k in 208 W. Washington

$215,000 for a one bedroom in the loop with a w/d in the unit. Sounds cheap, doesn’t it? One just came on the market in a short sale in City Center at 208 W. Washington in the Loop. From the listing: GREAT OPPURTUNITY TO OWN IN HOT LOOP AREA! UNIT OFFERS GRANITE CTOPS, SS APPLIANCES, […]

Want a Single Family Home in West Town? 1017 N. Marshfield

It used to be that you could find nicer, solid homes in West Town (aka Ukranian Village, Wicker Park, River West) for a fairly decent price. But price appreciation has hit everywhere. 1017 N. Marshfield is an 1899 brick home in West Town. It’s only a few blocks south of the Division Street shops and […]

Update on Lincoln Park: Still Available (and some reduced)

Still interested in that small two bedroom/two bath Lincoln Park townhouse at 2707 N. Lincoln? It’s still on the market. The price has been reduced by $10,000. This is the townhouse with the pull down staircase to access the rooftop deck. Unit #C: 2 bedrooms, 2 baths, “bonus room”, 1 car garage Sold in August […]

Flipper Alert: One Museum Park Starts Closings

The tallest residental building in Chicago has arrived. No, I’m not talking about The Spire (or even the John Hancock Building.) The tallest purely residential building in Chicago (the John Hancock is both offices and residential), One Museum Park at 1211 S. Prairie in the South Loop, has begun closings. Brace yourselves. The building is 65 stories. […]