We’ve chattered about 330 W. Grand, the Grand Orleans, in River North before. Some sellers are now under strain in the building. One unit, Unit #1406, is priced at 2005 prices. Another, Unit #1602, is going to foreclosure auction this week. Here’s the listing for #1406: LOWEST PRICED 2BD/2BTH! 14TH FLOOR CORNER UNIT WITH AMAZING EAST AND NORTH VIEWS! MA BATH […]
Crain’s reports on the second quarter construction loan delinquencies. The article includes a great chart showing the delinquency rates back to 2000. The delinquency rate for construction loans in the Chicago area hit 10.8% in the second quarter, up from 8.4% in the first quarter and 2.6% in the year-earlier period, according to Foresight Analytics LLC, […]
We last chattered about this 2-bedroom unit in The Palmolive, at 159 E. Walton, in the Gold Coast in April 2008. The unit was completely upgraded, including a new kitchen. It is still for sale and it has been reduced $300,000. Here’s the listing: Stunning re-sale residence in premier condominium building, steps from Magnificent Mile! One […]
We’ve chattered about 1620 S. Michigan in the South Loop several times this year. Some owners have been under stress in the building. Last May, Unit #522 was going to foreclosure auction. The bank now owns it and has recently re-listed it. Here’s the listing: NEWER CONDO IN NEED OF MINOR, COSMETIC REPAIRS. NEWER APPLIANCES. IN-UNIT […]
The north facing 1-bedroom unit we’ve been chattering about, Unit #406, in 340 On the Park, has finally closed. Apparently, there is a big difference in pricing between the north facing one bedrooms and the south (or park) facing one bedrooms. Here’s the history of Unit #406: Unit #406: 1 bedroom, 1.5 baths, 1081 square feet Sold […]