Archive for May, 2008

Want a Gold Coast Coach House? 1234 N. Dearborn

This coach house at 1234 N. Dearborn in the Gold Coast is part of a larger condo association. It does NOT  have parking but it appears to have a rooftop deck. There’s no square footage listed, but the room sizes are pretty generous. Both bedrooms are on the second level: Livingroom: 23 x 18 Kitchen: […]

What is Going on at 928 W. Eastwood in Uptown?

If anyone can figure out what is going on at 928 W. Eastwood in Uptown (not far from the Wilson Red Line stop), please inform us. There are four units out of eight in the building are currently on the market. The building was originally bought in February 2005 for $1.225 million. It looks like a […]

30 W. Oak in the Gold Coast Sees Price Reductions

I last chattered about 30 W. Oak in the Gold Coast in January 2008. Unit #4C was on the market and it appeared to be a flip. (Check out the pictures on your favorite realtor website- don’t ask why I’m not posting them here.) Unit #4C is still for sale four months later and has been reduced […]

Foreclosure Alert: $210k Below Prior Sale Price at 1250 S. Michigan

Michigan Avenue Tower, at 1250 S. Michigan, in the South Loop is part of the wave of new construction around Michigan Avenue and Roosevelt Road.  It was built in 2005 and has 229 units.  Perhaps you’ve seen the Craigslist ad for this three bedroom unit. Previously for sale at 659K. Bank is asking 525K! Spectacular 3 […]

Price Reduction at 708 W. Barry in Lakeview

Remember these units from March? Unit #4F has the rooftop deck. But Unit #1R has two car parking. Unit #4F has now reduced $10,000. Both are still on the market. Unit #4F: 2 bedrooms, 2 baths Sold in September 2005 for $494,000 Was listed in March 2008 at $499,900 (parking included) Currently listed for $489,900 Assessments of $190 […]

Too Good To Be True? 4055 N. Greenview in Lakeview

What do you do when a property has been on the market nearly a year with numerous price reductions? You reduce it again. The first floor unit in this 1895 Greystone at 4055 N. Greenview just north of Irving Park Road near Graceland Cemetary has been on the market for 11 months. Here’s the listing: TOO GOOD […]

The $300,000 One Bedroom: 653 N. Kingsbury in River North

In case you haven’t noticed, the $300,000 one bedroom unit has become pretty standard in Lincoln Park, River North, and even some parts of the Loop and South Loop. Such is the case in 653 N. Kingsbury, Kingsbury on the Park, in River North. The building was completed in 2002-2003 on the far west side of River […]

Price Reductions in 508 W. Melrose in Lakeview

In January 2008, we chattered about several units at 508 W. Melrose in Lakeview that were struggling to sell for over $500,000. Five months later, they are still for sale and both have had price reductions. Unit #2D: reduced $24,500 Unit #2A: reduced $20,000 Unit #2D: 2 bedrooms, 2 baths,  1688 square feet Sold in […]

Under $400k in Old Town and Still Not Selling: 1212 N. Wells

The Neopolitan, at 1212 N. Wells, in Old Town was built in 2000 when there wasn’t much to do at the south end of Wells Street. Now, Old Town Brassiere and other restaurants have extended the Wells Street nightlife to Division. Two two bedroom units are listed in 1212 N. Wells. Unit #306 has been on the […]

Flipper Alert: Flippers Competing Against the Developer in 240 E. Illinois

Back by popular demand, an update on Fairbanks at City Front Plaza, at 240 E. Illinois, in Streeterville. The loft base of the building started closings in 2006. The highrise portion has been closing over the last few months. There are more units available now then when I last chattered about the building in February […]