Archive for August, 2008

Vintage Beauty with Skylights in Uptown: 703 W. Buena

We love skylights and this third floor vintage unit at 703 W. Buena in Uptown apparently has some (but no pictures of them with the listing). The 10-unit building was built in 1921. Stacey Grossman at Coldwell Banker has the listing.  See more pictures and a virtual tour here. Unit #3C: 3 bedrooms, 2 baths, 1800 square […]

Market Conditions: Chicago July Sales Fall 20.9%

As has been reported, the July sales numbers are out for Chicago. Median home price is holding pretty steady. In the city of Chicago, sales fell 20.9 percent to 2,167 from 2,738, and the median price dipped 0.3 percent to $299,000 from $300,000. Chicago area home sales drop, prices slide (Sun-Times, Aug 26, 2008)

Semi-Completed Bucktown Home: 1631 N. Bell

I’m beginning to see more of this- where a developer or rehabber simply runs out of money so the house isn’t completed or the condo is missing a kitchen. How handy are you? This 4,000 square foot new construction home at 1631 N. Bell in Bucktown is one of the semi-completed type homes. The bank […]

Million Dollar Homes in University Village: 1446 S. Emerald

I don’t remember who it was who commented about $600,000 to $700,000 townhouses in University Village, the area just west of the Dan Ryan Expressway near UIC and Little Italy. It’s not just expensive townhomes sprouting in that neighborhood. You can buy million dollar homes within a stones throw of the expressway such as this 5-bedroom […]

Foreclosure Alert: Another 3-Bedroom in The Sterling: 345 N. LaSalle

Another foreclosure has appeared in The Sterling, at 345 N. LaSalle, in River North. This one is another 3-bedroom. There are no interior pictures available. Unit #3902: 3 bedrooms, 2 baths, no square footage listed Sold in January 2005 for $827,000 Currently listed for $389,900 (parking is rental only) Assessments of $837 a month Taxes […]

Market Conditions: Foreclosures Up 84% in Chicago

The Sunday Tribune had some interesting information on Chicago foreclosure rates and existing inventory numbers. On the foreclosure rates: Foreclosures in Chicago in July rose by 84 percent over their level in the same month two years ago. In the 60611 ZIP code on the city’s Near North side, for instance, the number of foreclosures filed […]

Price Reductions Further North: 1353 W. Wilson in Sheridan Park

While we’re waiting for Lincoln Park and Lakeview prices to decline, the price reductions are happening in other neighborhoods- sometimes quite dramatically. Take the case of this lovely unit in a 1906 vintage building at 1353 W. Wilson in Sheridan Park (or is that Ravenswood?) on the North Side. The listing indicates that lender approval is now required. […]

Market Conditions: New Downtown Condo Sales Sink 73%

Gosh- a lot happens when I’m out of the loop for just a few days. Thanks to G and others who posted the new downtown condo sales info in a prior thread (with links to the Crain’s article.) I’m reposting it here for further discussion because of the implications for the overall market from these sales numbers. These […]

We Love Terraces: 431 S. Dearborn in the Loop

The Manhattan Building at 431 S. Dearborn is on the edge of Printers Row, but not quite in it. The building was built in 1891 and has 105 units. There is no parking (but rental parking is available nearby.) This 11th floor unit has a private 500 square foot terrace that overlooks the Harold Washington […]

Live in the Gallery District: 215 W. Huron in River North

Remember when River North actually meant artists and galleries? Some of that ambiance still exists in this boutique building at 215 W. Huron. Here’s the listing: Luxurious Sun Filled Condo/Soft Loft In Much Sought After Gallery District! Private Elevator Into A Wide Open Floor Plan Makes A Very Spacious Unit. Sleek Snaidero Kitchen, Hardwood Flrs […]