Can you buy an older property, renovate it and flip it in this housing market? This seller at 1952 N. Seminary in Lincoln Park thinks they can. Location, location, location- right? Here’s the listing: STUNNING REHAB IN THE HEART OF LINCOLN PARK! STEPS FROM GREAT SHOPPING, DINING AND THE EL ON ARMITAGE, THIS ONE-OF-A KIND PENTHOUSE […]
Market times are increasing for many properties. You’ve seen them if you read Craigslist regularly. Month after month after month. The same condo unit. The same listing. Only, with “price reduced” on the Craigslist ad. Take this cute one bedroom unit at 1520 S. Wabash, a 9-unit building in the South Loop. It is one of the […]
Sometimes market times surprise even me. Take this two bedroom unit at 1516 W. Grand in West Town. It has been on the market nearly a year and a half. The seller has slowly been reducing the price every few months. Here’s the listing: 34K PRICE REDUCTION FROM ORIG LISTING!THIS IS A STEAL & PRICED […]
We just chattered about this “deal of a lifetime” on a two bedroom at 1101 S. State in the South Loop. Remember the stats? Unit #1302: 2 bedrooms, 2 baths, 1100 square feet Sold in July 2007 for $415,000 Currently listed as a short sale for $249,900 (includes the parking) Assessments of $550 a month […]
The condo/hotel units have been closing in Trump Tower, at 401 N. Wabash, in River North, for about six months. The condo units are about to start closing in July and August. If you wonder what the studios in The Spire are going to rent for, why not check out what’s happening in Trump Tower? The […]
What kind of townhouse can you get in Lincoln Park for under $600,000? These townhouses on North Wayne were built in 1987. While I wouldn’t call that “new”- it certainly isn’t the 1960s (as some others in the neighborhood.) Prices have risen strongly in the last couple of years. Three are currently on the market, two […]
In some buildings, the price declines are obvious. Such is the case in The Regent, at 190 E. Walton, in the Gold Coast. It has a superb location, just a few blocks east of the Mag Mile. The building, built in 1999, sports large units, in-unit laundry, balconies and a heated garage parking. What’s there not to […]
We chattered about One Museum Park, at 1211 S. Prairie in the South Loop in April. Closings were just beginning and flips were coming on the market. None of the flips we chattered about in April have sold or rented. One has had a price reduction and another one a rental price reduction. Current stats on […]
We last chattered about Catalpa Gardens, at 1122 W. Catalpa in Edgewater, in December 2007. Current stats for the building (out of 126 units): 58 for sale 1 for rent Most of those for sale are still from the developer. How do you flip in a building that is barely 50% sold? Unit #413: 2 bedroom, 2 […]