Archive for April, 2008
Foreclosures and Short Sales Pepper 440 N. Wabash in River North
By popular demand: Plaza 440, at 440 N. Wabash in River North. Built in 1992 as apartments, it was converted into condominiums in 2005 by American Invsco. The building has 497 units. Sellers in this building like to describe it as “Next door to Trump at a fraction of the price.” There IS parking available, but no […]
Cheapest House in Lincoln Park Reduced Again: 1846 N. Bissell
In October 2007 I chattered about the cheapest house for sale in Lincoln Park at 1846 N. Bissell. It’s still for sale and has been reduced again. 1846 N. Bissell: 2 bedrooms, 1 bath, 950 square feet Originally listed in March 2007 for $525,000 Listed in October 2007 for $375,000 Now listed for $350,000 The […]
Deal of the Week: 1800 Sq Ft for $350,000 in the South Loop
The foreclosures are getting interesting in the downtown market. This week’s deal is a three bedroom unit at 1529 S. State in the South Loop. The building was built in 2001 and has 143 units. It was NOT built as a “luxury” building. But if it’s size you want, then this three bedroom unit is for you. […]
Flipper Alert: Closings Begin in ParkView at 505 N. McClurg
ParkView, MCL’s 47 story high rise in Streeterville at 505 N. McClurg, is to start closings any day. The flips and rentals are now starting to appear. There is a one bedroom rental already available with “move-in in April”. Unit #1104: 1 bedroom, 1 bath, 921 square feet Available to rent for $1900 plus $300 a […]
Who Buys a $5 Million Condo in The Palmolive?
Alas, I’m not talking about Vince Vaughn (who was rumored to have bought the top floor penthouse for $10 million several years ago. Did he? Who knows.) Crain’s recently had a tidbit about the CEO of the Intercontinental Exchange and his “move-up” from a paltry two bedroom condo on the 5th floor of The Palmolive […]
What’s That House REALLY Worth Anyway? 3931 N. Hermitage
What would you pay to live in a single family home in North Center? Now that the housing market has stalled, that question is getting asked by more and more homebuyers. Take this home at 3931 N. Hermitage that is under a short sale. The price has been cut by $90,000 and still there are no takers. […]