Archive for November, 2008
Put this one in the “they just don’t make them like this anymore” category. This vintage 4-bedroom duplex unit at The Eddystone, at 421 W. Melrose, in Lakeview just came on the market. This unit has good “bones.” Here’s the listing: Possibly the most impressive vintage duplex with 2-story living room, book-matched paneling, moldings, plaster […]
November 11th, 2008 | Posted in Lakeview | 29 Comments
Last June we chattered about “Special Pricing” on floors 7-18 at The Vetro, the new construction high-rise at 611 S. Wells, in the Printers Row area of the South Loop. It appears that those “special prices” that were for a “limited time” are still in effect on Units #1603 and #1607 (the units we chattered about […]
November 11th, 2008 | Posted in Printers Row, South Loop | 62 Comments
Crain’s is reporting that downtown condo sales had their worst quarter in 7 years. Is anyone surprised? From Crain’s: Buyers signed contracts for only 160 condos and townhouses in the quarter, down 82% from the same period a year earlier, according to Appraisal Research Counselors, a real estate appraisal and consulting firm. Contracts for the […]
November 10th, 2008 | Posted in Market Conditions | 69 Comments
This cute 1936 Georgian at 5839 N. Whipple near the Peterson Woods neighborhood on the far north side has been on the market since June 2008. It’s been reduced $60,000. Here’s the listing: FANTASTIC VALUE! CLASSIC CUSTOM BUILT COUNTRY FRENCH GEORGIAN OFFERS PERFECT BLEND OF YESTERDAY & TODAY. GRACIOUS STEP DOWN LIVING ROOM, WDBFP, STRIKING […]
November 10th, 2008 | Posted in Reductions | 11 Comments
Is it possible that even investors have tired of buying up foreclosed and short sale units in The Sterling, at 345 N. LaSalle, in River North? There are two in the building that have been sitting on the market for awhile with no takers but this high-floor 2-bedroom looks particularly intriguing. Here’s the listing: PRE-FORECLOSURE PROPERTY! HIGHLY UPGRADED […]
November 10th, 2008 | Posted in Foreclosures, River North | 73 Comments
This vintage 2-bedroom at 630 W. Oakdale in Lakeview has been on the market since July 2008 and has been reduced by $39,000. It seems to have it “all”- including central air, a fireplace, in-unit w/d and not just one, but two, parking spots. Who gets two parking spots in Lakeview? The kitchen and baths […]
November 10th, 2008 | Posted in Lakeview, Reductions | 21 Comments
Donald Trump had a November deadline to pay off a $640 million senior construction loan on Trump Tower Chicago, at 401 N. Wabash in River North, and couldn’t meet the deadline. According to the WSJ and Crain’s, Trump already obtained one six-month extension on the loan and now wanted another. The lending group, led by Deutsche Bank, has […]
November 8th, 2008 | Posted in Market Conditions, River North | 17 Comments
These townhouses at 3842 N. Southport were new construction in 2006 and sold at the peak of the boom. This 3-bedroom unit is one of the first re-sales in the complex. What will these sell for 2-years later in a much different market? Here’s the listing: Located In The Heart Of The Southport Corridor Within […]
November 7th, 2008 | Posted in Southport | 15 Comments
This 4-bedroom single family home at 722 W. Buckingham in Lakeview had been on the market since June 2008 and was recently withdrawn. It hadn’t had any price reductions. Thanks to the tipster who sent me information about this listing. Just before it was withdrawn at the end of November, the agent had this interesting […]
November 7th, 2008 | Posted in Lakeview | 32 Comments
Lincoln Square was once considered an “affordable” up and coming neighborhood before the housing boom- and now- not so much. This 2-bedroom duplex at 2455 W. Leland has been on the market since June 2008 and has had three price reductions. This duplex seems to have it all (central air/fireplace/w/d)- except a deeded parking space. What’s […]
November 7th, 2008 | Posted in Lincoln Square, Reductions | 26 Comments