Crib Chatter

Some sellers will do anything to drum up interest in their property. Take the $100 “reduction.” Many of you have probably seen this. It’s where the seller reduces the price by $100 simply so it shows up on the MLS with a “reduction” or a “price change.” Lots of people want to see the properties […]

Two units in 530 N. Lake Shore Drive, Unit #1305 and #2201, in Streeterville, recently had lis pendens filed against them. Unit #1305 is a 3-bedroom unit that is currently on the market. Here’s the listing: PREMIER TEAR AT 530 N LAKE SHORE DR! MAGNIFICENT UNIT WITH 2452 SQ FT TAKING THE ENTIRE FRONT WING OF […]

We’ve chattered about this 3-bedroom unit at 1013 W. Webster in Lincoln Park at least two times before. It has been reduced another $50k and is now listed $86,112 below its original asking price from last March. Here’s the listing again: Magnificent, historic timber ceiling townhome that has been recently rehabbed. Pride of ownership is […]

Built in 1885, this 3-bedroom rowhouse at 410 W. Webster in East Lincoln Park has undergone renovations over the past few decades. But it’s vintage charm is intact. It has central air and a basement rec-room. The third bedroom,  however, is very small at only 7×9. Will only having “covered parking” hurt the sale of this […]

Many of you have been writing me asking about Coldwell Banker’s nationwide “10 Day Sale” that began on Oct 10th and is supposed to have properties reduced by 10% for the next 10 days. Coldwell took out a two page ad in the Sunday Chicago Tribune promoting the event. If you just read the ad, […]

A lot of properties are still sitting on the market that were first listed last spring. This 4-bedroom house at 1114 W. Wellington in Lakeview is one of them. It has had $181,000 worth of price reductions since last April. It is available to buy OR to rent. Here’s the listing: New Price! 4,800 sq […]

We’ve chattered quite a bit about the empty million dollar homes that are seemingly everywhere. The market times on many of these homes are over 2-years (and counting.) This 5-bedroom home at 1342 W. Melrose in Southport recently had a lis pendens filed against it. Here’s the listing: FABULOUS NEWER BRICK/LIMESTONE SINGLE FAMILY ON ALLEY- […]

This 2 bedroom-unit at 257 E. Delaware in Streeterville is bank-owned.  Who’s up for it? There are NO pictures of the kitchen in the listing. Here’s the listing: STREETERVILLE VINTAGE TRADITIONAL 2 BEDROOM, 2 FULL BATH CONDO IN A FANTASTIC LOCATION W/VIEW OF LAKE MICHIGAN! THE UNIT FEATURES:LARGE ROOMS, 2 FIREPLACES, HARDWOOD FLOORS, AND HIGH […]

There’s an interesting article in the Chicago Tribune about homeowners who are underwater. Suburbanites are struggling as prices decline.  According to a Baird and Warner agent in the article, 7% of all sales in six suburbs on the North Shore have been short sales. Facing debilitating health problems, Goldner refinanced his Highland Park home repeatedly […]

$2 million for a single family home in North Center? In 2007- why not? This new construction 5000 square foot home at 1510 W. Byron is on the market as a short sale. A lis pendens was filed against it in September 2008. It is also apparently “under contract.” Here’s the listing: SHORT SALE, ALL […]