Archive for September, 2008

Three Bedrooms For $325k in Lakeview: 735 W. California Terrace

  I’m sure many of you are familiar with Victorian Lane in Lakeview- the funky gated street. This 3-bedroom duplex down unit at 735 W. California Terrace is listed at $325,000 – with a parking spot included. Is this a deal? Here’s the listing: Huge 3 br 2 bath duplex condo at perfect Lakeview location […]

Trump Tower Update: Stuck at 75% Sales

  The Trump family was in town yesterday to celebrate the topping off of Trump Tower Chicago, at 401 N. Wabash, in River North.  As usual, The Donald was nothing but outspoken about the state of the Chicago housing market. From Crain’s: “From a high-end perspective, Chicago may be one of the worst (condo) markets” in […]

Market Conditions: Chicago Home Sales Slide Another 30%

The August home sales numbers for the City of Chicago are out and, once again, it’s not pretty. From Crain’s: In the city of Chicago, home sales fell 30.8% in August, to 2,022 from 2,923 in August 2007. The median price in the city of Chicago was $295,750 in August, down 3% compared with $305,000 in […]

What’s the Right Price? 2500 N. Orchard in Lincoln Park

It’s hard to figure out pricing in this market. Price the property too high and it will sit and sit and sit. But comps are unreliable in a declining market and every seller wants to maximize returns. This 3-bedroom duplex down at 2500 N. Orchard in Lincoln Park has been on and off the market […]

We Love Authentic Lofts: 711 S. Dearborn in Printers Row

We’ve chattered many times about the authentic lofts in the Donohue Building at 711 S. Dearborn in Printers Row. A new 1-bedroom unit has come on the market with the west facing view, the big windows and the brick walls. Here’s the listing: SOPHISTICATED URBAN ELEGANCE ABOUNDS IN THIS SPACIOUS NYC STYLE LOFT. GORGEOUS WEST FACING […]

Foreclosure Alert: Missing, Well, Everything at 63 E. Cedar

This 1-bedroom foreclosure at 63 E. Cedar is missing everything- including the floors.  Literally.   Not a pretty sight. But the location is right in the middle of the Gold Coast. Location, location, location! Is this a remodel gone wrong? Here’s the listing: Highly Desirable Location! Unit is completely gutted. Corporate Owned. Sold As-Is. Seller makes no […]

Selling 2 Years Later in Lincoln Park: 1445 W. Belden

We’ve been chattering about how long you have to hold onto a property to actually make money. If you bought in the last two to three years, it’s been tough. Yes- even in Lincoln Park. Such is the case with this 2-bedroom unit at 1445 W. Belden. Last purchased in June 2006, it is now […]

Flipper Alert: First Short Sale in 310 S. Michigan in the Loop

It didn’t take long for flippers to get into trouble in Metropolitan Tower, at 310 S. Michigan, in the Loop. We last chattered about Metropolitan Tower in March when the building, a conversion of an old office building, first started closings. The building is not sold out. Interestingly, one of the units we chattered about […]

Foreclosure Alert: No Kitchen and No Bath at 30 E. Huron

Thanks to the Tipster who directed my attention to this 1-bedroom foreclosure in 30 E. Huron in River North. We’ve seen condo units missing their kitchens before- but this one is missing the kitchen AND the bathroom. Yes- it is a foreclosure and is now bank-owned. Anyone have some “vision”? Amalgamated Real Estate has the listing. Unit […]

Get Your SFH in Lincoln Park for Under $600,000: 2706 N. Wilton

Is it impossible to get a single family home in Lincoln Park for under $600,000?  Apparently not- but this 3-bedroom home at 2706 N. Wilton has one not so appealing feature: it’s right on the El tracks. But who’s noticing? Here’s the listing: opportunity to OWN a SINGLE FAMILY HOME IN LINCOLN PARK for the price […]