Archive for November, 2008

Is Modern for You? 3124 N. Leavitt in West Lakeview

We’ve chattered about new construction modern style homes before. This 7000-square foot new construction single family home at 3124 N. Leavitt in West Lakeview is certainly intriguing. It has also been reduced $740k since February 2008. Here’s the listing: MOD. ARCHITECTURE AT ITS BEST. LINK DEVELOPMENT’S FINEST PROJECT 7000+SF ON OVERSIZE CORNER LOT,BEST FINISH & CRAFTSM, […]

Selling One Year Later in River North: 154 W. Hubbard

We last chattered about this 18-unit new loft building at 154 W. Hubbard in River North in September 2007 when it was 50% sold. It looks like the developer has sold all the remaining units. But one 2-bedroom has now come back on the market as a resale. Will this seller see any appreciation after […]

In No Hurry to Sell in the Marina Towers: 300 N. State

Are the Marina Towers, the iconic corn cob buildings on the Chicago River at 300 N. State, “hot” now that Trump Tower is built nearly next door? Some sellers in the building seem to think so. Take this 1-bedroom unit on the 31st floor. It’s been listed since 2006 and hasn’t had a price reduction in almost […]

Waiting for a Buyer in North Center: 4112 N. Claremont

How many empty new construction million dollar homes are there on the north side of the city? Someone should tabulate them because it’s got to be several hundred. This is another one that is empty and waiting for a buyer at 4112 N. Claremont in the North Center neighborhood. It’s been on the market since […]

Steals and Deals: Looking to Rent? Run to One Museum Park

One Museum Park at 1211 S. Prairie was supposed to be the epitome of luxury in the South Loop. It has stellar views of Grant Park and the Lake. Closings started last spring on the 286 units. Flippers have been trying to flip since last April. As sales have dried up, many have been trying to […]

Market Conditions: Options Not Good for Waterview Tower

Crain’s has an update on the status of Waterview Tower, the luxury hotel/condo building on Wacker in the Loop, which stopped construction several months ago. The Export-Import Bank of China which was apparently going to ride to the rescue of the project with a $400-million construction loan- has now pulled out of the deal. Crain’s reports […]

If at first you don’t suceed, try, try again: 749 W. Wellington in Lakeview

This 2-bedroom unit at 749 W. Wellington in Lakeview has been on the market since last February and has been reduced several times. The listing was recently canceled and then re-listed- at a higher price. I’m assuming the price change now includes the parking (and before that parking was “extra”.) Here’s the listing: Sunny bright & […]

We Love Authentic Lofts: 1200 N. Wells in Old Town

This 2400-square foot brick loft at 1200 N. Wells in Old Town is what a “loft” is supposed to look like. Tall ceilings, open space and a ton of brick. Although the listing calls it “loft-like.” If this unit isn’t a loft- what is it then? Here’s the listing: Dramatic, rarely available 2400+ sqft River North/Old Town […]

Flipper Alert: Flippers Feeling the Heat in ParkView at 505 N. McClurg

We last chattered about ParkView, the latest new construction highrise in Streeterville, at 505 N. McClurg, in June as closings began. Back then, some flippers had already listed units for re-sale hoping to get out of the properties quickly. Two of the units we chattered about are still on the market.  One of them, Unit #2102, has been […]

Good “Bones” Reduced Again: 522 W. Briar in East Lakeview

Last May we had quite the discussion about this 3-bedroom vintage unit at 522 W. Briar in East Lakeview that was renovated and seemed to have “everything” except parking. I had asked a simple question: Why isn’t this selling? Six months later, it still hasn’t sold and has been reduced another $30,000. Here’s the listing: […]