What should that bungalow cost on the far west side? Schorsch Village is a section of the Dunning neighborhood on the far west side which has bungalows and tudors from the 1940s. As some of you chattered about recently, some of these homes are being sold at a massive discount to previous sale prices. What […]
The second quarter sales numbers are out from the Illinois Association of Realtors. Sales (both single family and condos) were down in the 9-county Chicagoland area by 28.9% to 20,679 from 29,092 in the same period a year ago. The median home price fell 2.3% to $250,000 from $256,000 in 2007. Condo sales fell more […]
This former Com Ed station at 1128 W. Ardmore in the Edgewater neighborhood was converted into lofts in 2006. 2 units are back on the market as re-sales- not even two years after the original closing. @Properties has the listing (see more pictures here.) Unit #3: 1 bedroom plus den, 1.5 baths Sold in February […]
We’ve chattered about 334 W. Menomonee in Old Town, the 18-unit historic conversion by Melrose Partners, several times in the past. Last April, Unit #106, a 1-bedroom unit, had re-appeared on the market after it had been listed for much higher previously. It is still on the market and has been reduced again. Here’s the history: Unit #106: 1 […]
We’ve chattered about Fairbanks at City Front Plaza at 240 E. Illinois in Streeterville before. Closings began on the lower floors of this building in 2006 and they continue on the tower portion. This is the first lis pendens, that I’ve seen, in the building. Unit #602: 1 bedroom, 1 bath Sold in August 2007 (I […]
We’ve chattered a lot about how prices are (or are not) holding steady in Lincoln Park – with the argument being it’s a “prime” address. This seller at 2658 N. Seminary seems to be pricing realistically for this housing market. It’s actually listed for less than it was sold for in 2006 (and no, it’s not […]
Zillow is out with a nationwide report on home prices. Prices fell 7.3% in the Chicago area (an 8-county area, including Northwest Indiana) in the second quarter compared to 2007. Zillow reports that a third of all homes sold in the Chicago area in 2006 and 2007 are now underwater (meaning the owner owes more on the […]
MMK asked: “Sorry, off subject… Sabrina, can you review 29 W Chestnut, a townhouse listed at $850,000? A friend expected this listing to be priced at $450,000, and was surprised to see it listed so high even if the unit itself is impressive. I’m interested, but can’t find comps because it’s so unusual.” 29 W. […]
It’s taken many years, but Library Tower at 520 S. State across from the Harold Washington Library in Printers Row is finally going to start closings this month. There are 184 units in the building. The first rentals and flips are appearing on Craigslist and the MLS. Unit #714, a one bedroom unit, just appeared on […]