Archive for November, 2008

Another Reduction on North Center Cottage: 1750 W. Grace

We first chattered about this cute North Center 4-bedroom home at 1750 W. Grace in June 2008. Agent Eric Rojas, who was NOT the agent on the property but ran an open house there, updated us on the house in September after it was reduced further. It’s still on the market and has been reduced again. 1750 W. […]

The Sizzle is Still On at 340 On the Park in Lakeshore East

Not everything is doom and gloom out there. Remember the $720,000 south-facing 1-bedroom re-sale that was on the market at 340 On the Park in Lakeshore East in September? It went under contract after only 21 days and has now sold. Here’s its history: Unit #1107: 1 bedroom, 1.5 baths, 1186 square feet Sold in […]

Still “Hot” 8 Months Later? 1760 N. Wells in Old Town

This 1-bedroom unit at 1760 N. Wells in Old Town just came on the market but the listing caught my eye. Just because another unit sold quickly in the building 8-months ago- does that mean this one will sell quickly too? The listing states that the “last unit like this sold in 1 day this […]

Market Conditions: Market Times Skyrocketing

The Chicago Tribune had some interesting housing data in the Sunday Home section. There was this gloomy statement from Diane Swonk, chief economist at Chicago-based Mesirow Financial, on the housing outlook: “Sales and starts activity should bottom out before the end of 2009, that’s if we can get the lending apparatus moving again. But the downward pressure on […]