Archive for July, 2008

Flipper Alert: Some Flippers Win and Some Lose in 451 W. Huron

Some flippers have managed to sell their units at 451 W. Huron, the new construction mid-rise building in River North that started closings last year. The last time we chattered about the building, two one-bedroom flips were under contract. Both have since closed. Unit #503: 1 bedroom, 1 bath, around 770 square feet Sold in September 2007 for […]

What’s Happening at 6 N. Michigan?

Normally, we don’t chatter about a new construction building until the building starts closings and flips appear on the MLS and Craigslist. But I’m making an exception for 6 N. Michigan in the Loop.  It’s a new conversion building right across from Millennium Park that started selling units last summer. What’s going on with it? A Tipster has […]

Another Price Reduction on Dream River North Terrace: 375 W. Erie

We’ve chattered about this loft with its own massive private terrace at 375 W. Erie in River North several times. It was actually under contract several months ago but that contract fell through. It’s been reduced again. Unit #610: 2 bedrooms, 2 baths, 1800 square feet Sold in April 2003 for $560,000 Listed in January […]

Tribune: A Record 6,000 Units To Close in 2008 Downtown

Continuing on with the Crain’s discussion- this Tribune article appeared in May 2008.  (I’m sure we already chattered about it.) But they too give the 6,000 units figure for new condos and townhouses in the downtown. From the Tribune: Nearly 6,000 condos, by far a record number, are expected to come on the market in […]

Crain’s: 2d Quarter New Home Sales Plunge 39% in Chicago

Finally- we have some real data. Crain’s is reporting that new home sales fell 39% in the city of Chicago to 852 in the second quarter. This includes the entire city- not just the downtown- and presumably includes condos, townhouses and single family homes. As has been stated several times over the last few months, […]

Good Bones in this Vintage Greystone: 1331 N. Dearborn Parkway

Some vintage units just have good bones. This two bedroom greystone unit at 1331 N. Dearborn Parkway in the Gold Coast is one of those. But you won’t find any granite or stainless steel appliances here. There is, however, parking, an in-unit washer/dryer and central air. Unit #3: 2 bedrooms, 2 baths, den, 1900 square feet Sold in […]

Another Gold Coast Beauty Heading Towards Foreclosure: 1520 N. State Parkway

Right on the heels of a pending foreclosure on a mansion at 1515 N. State Parkway comes this 4,000 square foot coach house at 1520 N. State Parkway in Gold Coast. (This is a picture of the building in front. There are no pictures of the actual coach house.) It’s not, obviously, your “average” coach house. Originally listed […]

Flipper Alert: $49K Price Reduction in 340 On the Park

We last chattered about this one bedroom unit at 340 On the Park, at 340 E. Randolph, in Lakeshore East in early June. At that time, it had recently been reduced. It has now been reduced another $49,000. By just square footage- that would make this unit a much better “deal” than in any of […]

Get Your 3,000 Sq. Foot Loft Here: 1728 N. Damen in Bucktown

There are lofts and then there are massive lofts. This 3,000 square foot duplex down loft at 1728 N. Damen in Bucktown is what an authentic loft should be: huge open space. Here’s the listing: Live Lrg & Luxuriously In This 3000 Sq Ft Loft In One Of Bucktown’s Most Popular Bldgs. Renovated In 2004,this Unit Is […]

Another McMansion Foreclosure: 4125 N. Oakley

We have already chattered about numerous new construction foreclosures. Here is another one that is going to foreclosure auction at 4125 N. Oakley in the North Center/Lincoln Square neighborhood. It is currently on the market. Here’s the listing: NEW CONSTRUCTION BRICK SFH W/BRICK 2 CAR GAR W/ROOF DECK, GOURMET GRANITE KITCHEN FEATURING THERMADOR/BOSCH/DACOR STS W/BUTLERS PANTRY/BEV […]