Archive for June, 2008

Short Sale Deal in the South Loop: 1101 S. State

Apparently, this two bedroom unit at 1101 S. State in the South Loop is another one of those where the price has evoked a feeding frenzy. Thanks to the tipster who sent me info on this unit (and told me that a bunch of buyers flocked to see it last weekend.) 1101 S. State was built in 2005 […]

Update: $15K Reduction on One Bedroom at 2545 N. Clark

We chattered about this one bedroom at 2545 N. Clark in Lincoln Park in May 2008. It last sold in December 2006. It has recently been reduced. How long do you have to live in a unit to break even these days? Lots of people are about to find out. I don’t have the square footage […]

Tired of High Gas Prices? Walk to Work: 625 W. Jackson

625 W. Jackson, the Capitol Hill Lofts, is a late-1990s/early 2000 conversion of a brick and timber building in the near west loop. It’s only a few blocks west of Union Station and near Greektown. Why drive or take public transportation to work when you can walk instead? A two bedroom corner loft just came on the […]

“Special Price” on Floors 7-18 in The Vetro: 611 S. Wells

We’ve chattered about The Vetro, the 232-unit new construction high rise at 611 S. Wells in the Printer’s Row neighborhood of the South Loop, in prior months. There have been some flippers trying to sell and/or rent in the building. It is only about 50% sold from the developer and closings began several months ago. I was […]

Pre Pre-War in the Gold Coast: 70 E. Scott

There are “pre-war” buildings (those that were built before WWII) and then there are “pre pre-war” buildings (those that were built before WWI.) 70 E. Scott in the Gold Coast is one of the latter, as it was built in 1917. It has all the vintage charm, but, as is common with the pre-war buildings, […]

Re-Visiting American Invsco’s Loftominium World

If you were in Chicago in 2000, you would have seen the ads for Loftominium World, a loft conversion by American Invsco, in the real estate section. It had the coolest pictures of brick and timber lofts with spiral staircases. The Loftominium Conversion consisted of seven buildings: Heartbreak Lofts, 17 N. Loomis in the West Loop Hale […]

How Badly Do You Want the Single Family Home? 2109 W. Montrose

A lot of people would rather have the single family home instead of a condo. But prices for  single family homes on the North Side have skyrocketed. Then there’s this 1894 two bedroom Victorian house at 2109 W. Montrose in Lincoln Square. It’s set back on the lot, so there is no garage. In fact, there […]

1920s With Lake Views: 6334 N. Sheridan

The building boom of the 1920s extended from the South Shore neighborhood to the far north neighborhoods of Edgewater and Rogers Park.   6334 N. Sheridan, also known as the Rockefeller-McCormick Building, was built during that decade of the large luxury apartment buildings. Built in 1924, the building has views of Lake Michigan and parking. This particular unit has a […]

If At First You Don’t Succeed, Try, Try Again: 540 N. Lake Shore Drive

It’s back! Last September, I chattered about 540 N. Lake Shore Drive, the loft building in Streeterville. Unit #221, a one bedroom, one bath, was on the market for $350,000. It disappeared from the market without selling. But it’s back and it’s now priced higher than last fall. It’s actually been on and off the […]

Tried FSBO, Now You Have to Pay More: 227 E. Walton

We chattered about some sellers going the FSBO route who threaten on their Craigslist ads that if you don’t buy from them within “X amount of days”, they will list the property for a higher amount with an agent. Thanks to the tipster who sent me info on just this scenario. 227 E. Walton is a mid-rise […]