Archive for July, 2008

Update on Our Favorite Barry Units: 708 W. Barry

We’ve chattered about these two condos at 708 W. Barry in Lakeview several times in the last few months. But some good news: one of them is finally under contract! Both have been reduced since we last chattered about them in May. Unit #1R: 2 bedrooms, 2 baths, 1200 square feet Sold in November 2005 for $454,500 Was listed […]

Selling in Less Than a Year: 3816 N. Fremont in Lakeview

We’ve chattered about several one bedroom condos where the owners were trying to sell in only a year. But what about a bigger, more expensive unit? 3816 N. Fremont was a conversion of an older graystone in Lakeview in 2007. This 3-bedroom duplex sold in June 2007 and came back on the market in February 2008. […]

Lake views in a boutique building: 3726 N. Lake Shore Drive

Not all of the buildings along north Lake Shore Drive are the big vintage apartments and co-op buildings. Take this 3-unit boutique building at 3726 N. Lake Shore Drive in Lakeview. It was built in 1920. Unit #2 is on the market, apparently, for the first time in 88 years. From the listing: Spectacular opportunity for […]

Recipe to Sell a Property: Raising the Price? 143 W. Burton

In March 2008 we chattered about this 6-unit art-deco building at 143 W. Burton in River North/Old Town with two units on the market. Neither one had been “upgraded” (i.e. no granite or stainless steel in the kitchens.) Both were one bedroom units. The units are still on the market. One has had a price increase. The other one has been […]

Waiting and Waiting and Waiting for a Buyer: 224 W. St. Paul

How long will developers wait to sell their units? Apparently years. 224 W. St. Paul in Old Town is a conversion of a historic three flat and coach house. Two out of the four units have sold. The first floor unit, which is a three bedroom duplex down, has been on the market nearly two […]

Do New Appliances and Counters Matter? 330 S. Michigan

We chattered in March 2008 about Unit #2002 in 330 S. Michigan in the Loop with its unique skylights in the livingroom. It is still on the market and has had some renovations done and furniture re-arranged. It has also been reduced by $14,010. Do new stainless steel appliances and granite countertops matter? BEFORE AFTER LIVING […]

Back to the 1970s: 601 W. Dickens in Lincoln Park

There are a lot of 1970s buildings in Lincoln Park. 601 W. Dickens is one of them. Built in 1973, the 2-bedroom duplex has been renovated. Does that make you forget the lower ceilings? Here’s the listing: BEAUTIFULLY RENOVATED DUPLEX UP RIGHT ON OZ PARK! FLOOR TO CEILING WINDOWS IN EVERY ROOM; KITCHEN WITH CHERRY […]

We Love Gorgeous Porches: 847 W. Bradley in Lakeview

Rooftop terraces are nice, but there’s something about a covered porch that is cozy. This 3 bedroom unit at 847 W. Bradley in Lakeview has one of those- in a gorgeous full length front porch.   The unit is in the hard-to-sell $600,000 to $700,000 price range though. Unit #2F: 3 bedrooms,  2.5 baths Sold […]

Steals and Deals: Living in the Loop for Under $250k: 420 S. Clinton

Want to walk to work? You can get a one bedroom plus den at the Gotham Lofts, at 420 S. Clinton, in the loop for under $250,000– including the parking. The Gotham Lofts is a brick and timber loft complex converted in the late 1990s which includes 420 S. Clinton and 417 S. Jefferson. Is this a […]

WSJ: Mortgage Insurers Consider All of Chicago A ‘Declining Market’

The Wall Street Journal is talking about the tightening lending standards in today’s issue. According to the article, the entire Chicagoland area is now designated a “declining market” by 4 out of 5 of the largest mortgage insurers. That means that mortgage insurers are routinely requiring at least a 10% downpayment to purchase a house, […]