Archive for May, 2008

Rent Versus Own: 510 W. Erie in River North

Erie on the Park, at 510 W. Erie, is the Lucien Lagrange high-rise completed in 2002 on the far west side of River North. In the last six years, the park along the river has been completed and recently, a dog park was built directly west of 510 W. Erie. Thanks to the tipster who sent me information regarding […]

Flipper Alert: First Flips Appear in ParkView at 505 N. McClurg

Despite the flipping market being dead right now, flippers continue to close on contracts in new buildings. The flipping (and renting) attempts have begun at ParkView, at 505 N. McClurg, MCL’s latest highrise in Streeterville. Unit #1803,  a three bedroom unit, just came on the market as a rental.  It is NOT also for sale (which is interesting.) […]

More Price Reductions in 600 N. Fairbanks

  Thanks to some of you astute readers who are clearly watching 600 N. Fairbanks in Streeterville very closely. Several of you noticed that our often chattered about three bedroom, Unit #1301, has had another price reduction. Here is the history: Unit #1301: 3 bedrooms, 2.5 baths, 1746 square feet Sold in November 2007 for […]

A House on the North Side for Under $350,000? Galewood

Have you ever heard of Galewood? It’s a lovely part of Chicago on the far, far west side. Actually- it is just north of Oak Park (north of North Avenue on Oak Park Avenue.) Many of the homes were built in the 1930s and 1940s. From the Oak Park Board of Realtors: Architecture: Galewood and neighboring […]

A Foreclosure Hits in 1717 S. Prairie in the South Loop

1717 S. Prairie is a 23 story, 171-unit building near the Prairie Historic District in the South Loop. It was built in 2004. Recently, a foreclosure popped up in the building. Unit #2201: (no details but #1801 is a 2/2 with about 1475 square feet) Sold in July 2006 for $667,000 Foreclosure auction price of $565,352 […]

Want Space? 3500 N. Lake Shore Drive Has it In Spades

3500 N. Lake Shore Drive is a pre-war co-op in Lakeview with views of the lake. The units are enormous but some of them need some TLC. Are you up for it? If you are, you can get 3500 square feet for $315,000 complete with butler pantry and maid’s quarters. (Sorry- no pictures of the […]

Sales Update: A One Bedroom On the Mag Mile: 535 N. Michigan

  535 N. Michigan in Streeterville is an older highrise that has suddenly become “hot” because it’s: On the Mag Mile Affordable Unit #706 had been on the market for several months. I last chattered about it in March 2008.  It has now sold after several price reductions. The listing said it had $60,000 worth […]

We Love Authentic Lofts: 913 W. Van Buren Penthouse

There’s something about a spiral staircase and brick. Maybe I’ve seen too many movies. But you don’t find spaces like this one at 913 W. Van Buren in the West Loop everyday. It has a 600 square foot rooftop deck (see below.) It also has authentic features such as no doors on the bedroom on […]

Even Rentals Being Reduced: 235 W. Menomonee in Old Town

I last chattered about this house rental at 235 W. Menomonee in Old Town in December 2007. Five months later, it’s still on the market and has now been reduced by $5,000 a month. Yes, the full-time housekeeper and caretaker are STILL included in the rental price. 235 W. Menomonee: 5 bedrooms, 4.5 baths Sold […]