Archive for December, 2008

Lake Forest in the City Sells: 10 E. Schiller in the Gold Coast

This 4-bedroom, 3700 square feet condo at 10 E. Schiller in the Gold Coast was advertised as “Lake Forest in the city.” It was renovated vintage with on-site parking included in the price. The boutique building also has an elevator. It sold in 4 months – but at 27% off its original listing price. See the pictures […]

$260k Reduction on “Mini-Mansion”: 5957 N. Nina in Old Norwood Park

We could chatter about all of the reductions on new construction mansions all day long. This 6-bedroom home at 5957 N. Nina was built in 2007. The listing calls it a 15 room “mini-mansion” in the center of the circle in Old Norwood Park. It has been on the market over a year and has […]

Another Reduction in Lincoln Park: 1120 W. Armitage

We’ve chattered about this 2-bedroom greystone property at 1120 W. Armitage in Lincoln Park several times. It was recently reduced another $10,000. It has central air, a washer/dryer in the unit, and parking. Mary Gott at Koenig & Strey has the listing. See the pictures here. Here’s its history: Unit #301: 2 bedrooms, 1 bath, […]

A Contract and “Special Pricing” at 3500 N. Lake Shore Drive in Lakeview

We’ve chattered about this vintage co-op building at 3500 N. Lake Shore Drive in Lakeview before because the units are massive and some of them appear to be “cheap.” Unit #2B has gone under contract after over 2 years on the market and a 45% price reduction. Here’s its history: Unit #2B: 4 bedrooms, 3 baths, […]

Lis Pendens on $4.95 Million River North Condo: 33 W. Ontario

We’ve chattered about the stresses in 33 W. Ontario, the Millenium Centre, as foreclosures and short sales have appeared in the River North highrise. 33 W. Ontario was developed and marketed by American Invsco. But this is the most expensive lis pendens to date.  Here’s the history: Unit #60SE: Sold in March 2005 for $1.9 million Sold in […]

How Low Will Rents Go in Trump Tower Chicago?

An interesting phenomena is happening in Trump Tower Chicago, at 401 N. Wabash in River North. And I’m not talking about The Donald’s financing problems. It’s the prices that flippers are asking for rental units on the one bedroom condos in the building. Here’s the stats on the building (out of 758 units): 116 units for […]

Another Week, More Foreclosures in The Sterling: 345 N. LaSalle

Didn’t someone post a few months ago that the worst was over for the foreclosures in The Sterling, at 345 N. LaSalle in River North? But I keep seeing them. The good news is, they keep selling if they’re priced cheap enough. Unit #1501, a 2/2, was just recently listed although the listing has mysteriously vanished. Is […]

Lots of Vintage Space in The Aquitania: 5000 N. Marine Drive

We haven’t yet chattered about The Aquitania, the 1923 co-op vintage beauty at 5000 N. Marine Drive in Uptown/Edgewater. Is this 1600-square foot 2 bedroom priced right for someone with “vision”?  It has good bones. The unit has lake views and the listing says the kitchen was “redone” with frosted glass cabinets.   Victoria Amoroso […]

Even East Lincoln Park is Seeing Lis Pendens: 434 W. Webster

This 5-bedroom single family house at 434 W. Webster in the presitigious East Lincoln Park neighborhood was recently on the market for $2.7 million. There is no record of it selling and it appears the listing was cancelled. A lis pendens was filed on the property on Nov 17, 2008. The listing said the property […]

Rent or Own? 1833 N. Leavitt in Bucktown

This new construction mansion house at 1833 N. Leavitt in Bucktown was completed in 2006. It recently came on the market listed for $2 million (but the listing appears to have been withdrawn.) But it’s also available to rent for $6500 a month. Is that rental price a deal? John Voss at @Properties has the […]