Archive for May, 2008

Roscoe Village For Under $400,000:1955 W. Melrose

Roscoe Village used to be “hot” around 2000-2003. It was considered “affordable” compared to the eastern part of Lakeview. And now? This two bedroom unit at 1955 W. Melrose has sold three times since 2005. There is no square footage listed but it doesn’t appear to be that large. Bedroom #1: 13 x 11 Bedroom #2: 11 […]

Foreclosure Not Selling in The Lancaster: 201 N. Westshore

We chattered about this foreclosure, Unit #1208, in The Lancaster,  at 201 N. Westshore in Lakeshore East, in March 2008. Many of you thought it was overpriced then. It is two months later and it is still on the market. With NO price reduction. Maybe its problem is that it isn’t even the cheapest two bedroom in […]

Get Your Sunroom With Jacuzzi Tub Here: 6030 N. Sheridan

There are unique and interesting properties and then there is Penthouse #01 at 6030 N. Sheridan in Edgewater/Rogers Park. What would you pay to have your own cedar-lined year round sunroom with jacuzzi tub AND lakeviews? Here’s the listing: STUNNING 3 BED 3.5 BATH PH UNIT WITH A PRIVATE 1000 SQ FT DECK OVER LOOKING THE […]

Everything But the Kitchen Sink: 4629 N. Magnolia

What would you pay for a unit without, um, a kitchen? We’re about to find out. 4629 N. Magnolia is a lovely vintage building near the Wilson Red Line stop. A first floor two bedroom unit just came on the market and is marked nearly 40% off its prior sales price. The unit has in-unit washer/dryer AND parking. […]

Flipper Alert: Foreclosures Pick-Up in 1620 S. Michigan

I’ve chattered about the sellers in distress in 1620 S. Michigan in the South Loop several times before. So far, in 2008, only three units have sold. Current stats on the building (out of 249 units): 14 for sale 6 for rent 8 motorcycle spaces for sale (for $4900 each) In February 2008, one seller was […]

If at First You Don’t Succeed…1200 N. Lake Shore Drive

We all know the old adage, “if at first you don’t succeed, try, try again.” And so it goes with some sellers who have been trying to sell a property for not just months, but years. Such is the case with Unit #306 at 1200 N. Lake Shore Drive in the Gold Coast. It has been […]

Indoor Pools that Rock: The Park Castle at 2442 W. Greenleaf in West Ridge

  If you live in a building called “The Park Castle” that was built in 1928 in West Ridge, it seems fitting that it would have a very intriguing indoor heated pool. The building, at 2440-2448 W. Greenleaf, bordering the Indian Boundry Park, with its own petting zoo, has 68 units. Parking is assigned rental and there […]

WSJ: The Gold Coast is Where Home Prices are Still Hot

The Wall Street Journal has an article today called, “Where Home Prices are Still Holding Up” about what neighborhoods in major cities are still hot. Chicago is one of the cities that is highlighted: It’s a mixed picture in Chicago’s downtown area. A flurry of condominium building has kept prices down on much new construction. […]

Trying to Sell for Under $400,000: 720 N. Larrabee in River North

A lot of sellers are finding out, it’s better to price just slightly under $400,000 in this market. There are several two bedroom units for sale in 720 N. Larrabee in River North that are trying to hit that sweet spot. 720 N. Larrabee was built in 2004 in the far western part of River North on […]

We Love Authentic Lofts: 2222 N. Racine in Lincoln Park

The really authentic loft buildings have some of the largest lofts. This building at 2222 N. Racine in Lincoln Park was converted in 1984. It’s a small building.  The listing calls Unit #5 a “loft townhouse”. It has a private attached garage and two patios. The kitchen has Miele and Sub-Zero appliances. Unit #5: 3 bedrooms, 2.5 baths, […]