Archive for July, 2008

Update on Some Past Properties in Lincoln Park: Now Reduced

Remember the vintage with good bones but an older kitchen on lovely Pine Grove at 2724 N. Pine Grove in Lincoln Park that we chattered about in early June?  It’s still on the market and has been reduced again. Unit #3: 2 bedrooms, 1 bath, diningroom Sold in August 1999 for $210,000 Originally listed for $325,000 […]

Foreclosure Alert: 1305 S. Michigan in the South Loop

1305 S. Michigan, the Museum Park Lofts, in the South Loop were built in 2006. This two bedroom unit is now bank-owned.  There are no interior pictures. Unit #1212: 2 bedrooms, 2 baths, no square footage given Sold in November 2006 for $389,500 Foreclosure Bank owned and currently listed for $329,900 (includes the parking) Assessments of $271 a […]

Under Contract Within a Month: 3020 N. Sheridan in Lakeview

Yes, properties are still selling quickly if they are priced right and are unique. Take this three bedroom unit at 3020 N. Sheridan, a 9-unit 1903 graystone building, in East Lakeview. The room sizes are all enormous (as was common at that time period.) Living room: 28 x 20 Dining room: 22 x 14 Family […]

Tribune: Upper Bracket Sales Making a Rebound

Mary Umberger, the Tribune’s real estate reporter, talked about the increase in sales of upper bracket properties in the Sunday real estate section. Apparently, Barrington is seeing a spike in sales of luxury homes. And Chicago is seeing the same thing: I rang up Jim Kinney, president of Rubloff Residential Properties in Chicago, who said […]

IndyMac, Freddie, Fannie…Oh My…Discuss Here

As Kenworthey posted in another thread, IndyMac has been shutdown and will be taken over by FDIC. It is the second largest bank failure in U.S. history, second only to the failure in in 1984 of Continental Bank which was $40 billion. From Marketwatch: U.S. banking regulators said Friday they have closed IndyMac Banorp Inc., […]

Minimalist Loft Rowhouse in Wicker Park: 2218 W. Potomac

Tired of the same old bland townhouses? Check out 2218 W. Potomac in Wicker Park. It combines the feel of a loft in a three story rowhouse. But what IS this room? The listing labels it a “family room”. Hm… Here’s the listing: LARGE MULTI-LEVEL WICKER PARK LOFT ROW HOME-1/2 GLASS BLOCK WINDOWS FOR INCREDIBLE LIGHT,PRIVACY & […]

Get Your Million Dollar Penthouse Condo 50% Off: 40 E. 9th

Several penthouse properties are in distress in 40 E. 9th, Burnham Park Plaza Condos, in the South Loop. The building was built in 1912 and converted into condominiums earlier in this decade. It has 290 units. One penthouse is already bank owned and now listed 55% less than its previous sale. Another has a lis pendens filed against […]

Selling Less Than a Year Later: 615 W. Deming in Lincoln Park

How realistic is it to list in this market for more than you paid for a property less than a year ago?  (if no extensive renovations were done?) We’ll soon find out. Take this two bedroom unit at 615 W. Deming in East Lincoln Park. It last sold in August 2007 and is back on the […]

Pre-War Vintage Beauties: 3800 N. Lake Shore Drive

We’ve been chattering about a lot of new construction concrete units lately. These vintage beauties at 3800 N. Lake Shore Drive in Lakeview are about as far away from that as you can get. The building has 95 units and was built in 1927. It’s the standard type of layout for the period-with  separate dining […]

$400k Reduction for the Japanese Gardens: 201 W. Grand

We’ve chattered about this penthouse unit at 201 W. Grand in River North several times now- the last time in April 2008. Back then, we all marveled at how cool the unit was with its one-of-a-kind Japanese gardens and how you couldn’t really put a price tag on something so unique. The unit is still for […]