Archive for June, 2008

Should You Buy that One Bedroom? 711 W. Melrose in East Lakeview

711 W. Melrose in East Lakeview was converted into condominiums at the peak of the housing boom in 2005. Four owners are trying to sell their one bedroom units. Each has a new kitchen and bath, a washer/dryer, central air and a fireplace. Parking is available for $20,000. There’s no square footage given for any […]

Pre-Foreclosures and Other Distress in Printers Row: 732 S. Financial

732 S. Financial, Printers Row Lofts, is a 1906 building that was first converted into apartments in 1996 and then converted into loft condominiums in 2003-2004. The units are timber with lots of authentic brick. There actually is parking available with this building  (to purchase or to rent.)  And washer/dryers are allowed in the units. Some have interesting layouts, like this […]

2324 W. Charleston in Bucktown Going into Foreclosure

In February 2008, we chattered about two new construction houses on West Charleston in Bucktown where the owners were clearly in distress. One of them was 2324 W.  Charleston.   That house just went to foreclosure auction. Here’s the history: 2324 W. Charleston: 4 bedrooms, 3.5 baths, 2 car garage Original house (teardown) sold for $346,000 in […]

Want to Be a Landlord? 33 W. Huron in River North

33 W. Huron is a 1998 mid-rise building in River North across the street from the Whole Foods. The units usually sell pretty quickly in the building due to their size. The last sale was in November 2007 but there haven’t been many units listed for sale in the interim period. Unit #304 is currently […]

Update on Crain’s Sellers Who Moved But Can’t Sell: 4917 N. Lincoln

Remember this Crain’s article from late April called “Stuck with Two Mortgages” with several sellers who had multiple mortgages because their properties weren’t selling? Here’s an update on two of them from the article. To refresh: Eric Fontaine, 37, and Colleen Borkowski, 28, are eager to begin their new life together in Boston, where Mr. […]

Vintage Duplex in Bucktown: 1713 W. North Avenue

What would it be like to live in the heart of the North Avenue/Milwaukee/Damen axis? 1713 W. North Avenue is several blocks away from where those streets meet, but close  enough that you can find restaurants and shops nearly right outside your door. This vintage duplex, originally built in 1890, was converted in 2004 and it DOES […]

Foreclosure Deal in The Heritage: 130 N. Garland in the Loop

The Heritage, at 130 N. Garland, in the Loop near Millennium Park is the building that “started it all” in the Millennium Park neighborhood. It was The Heritage that made it seem chic to live south of the River. Prices skyrocketed in the building initially, but have since leveled off as other buildings opened nearby. The east […]

Flipper Alert: How Long Can Flippers Hang On? 340 On the Park

340 On the Park, at 340 E. Randolph, in Lakeshore East, has been one of the more successful new construction high rises for flippers in the last year. Unlike many other highrises, some flippers have actually flipped their units for decent profit in 340 OTP. But not all have successfully sold. Many investors opted to rent out their units and […]

Selling a Vintage Cottage in North Center: 1750 W. Grace

Vintage cottages with curb appeal are rare, especially those with two car garages such as this one at 1750 W. Grace which the listing says was built in 1878. It has four bedrooms but a few are on the smaller side: Bedroom #1: 17 x 15 Bedroom #2: 11 x 10 Bedroom #3: 9 x […]

We Love Terraces: 182 W. Lake in the Loop

Century Tower is an American Invsco conversion of a 1930 vintage apartment building at 182 W. Lake in the Loop. The 22nd floor units all  have huge terraces that overlook the city. Unit #2201 is a re-sale of one of those units. I don’t know the  square footage, but it looks pretty small. Here are […]