Crib Chatter

We chattered about this bank owned property at 257 E. Delaware in Streeterville about 2 months ago. It’s still on the market and has been reduced $95,000. Does this make it a “great buy” (what the listing says- not me?) Re/Max Properties Northwest has the listing. See more pictures here (including the funky bathroom.) Unit #2B2D: […]

A reader posted a few days ago that he couldn’t find a 2/2 with parking for under $550k east of Dearborn on the near north side. This loft unit at 333 W. Hubbard in River North is west of Dearborn, but in a desireable area nonetheless. At 1197 square feet, it is on par square […]

Yes, some properties are selling. Some are selling within a day (or hours.) For the right price. Take this 3-bedroom penthouse unit at 2250 W. Chicago in West Town that came on the market last week. It was under contract the first day on the market. Why? How about a 52% price reduction from the […]

Price is everything in this market. This single family home in Albany Park at 4916 N. Central Park has been on the market over a year. It’s been reduced by $115,900. The listing says it is a legal 2-flat and an estate sale sold “as is.” Who has some vision? Charlie Vernon at Baird and […]

As we’ve been chattering about a lot lately, another new construction mansion is under stress, this time at 2223 N. Bissell in Lincoln Park. A lis pendens was filed against the developer on Nov 6, 2008. The listing states that the house isn’t completely finished so a buyer can either complete it themselves or work with the […]

We’ve chattered about a lot of properties on Pine Grove- especially in the East Lakeview neighborhood. This vintage unit at 2910 N. Pine Grove is another pretty property. Built in 1910, the courtyard building has 26 units. The listing states that it has a sunroom/den in addition to the 3-bedrooms. It also has the original […]

Crain’s reports that the delinquency rate for Chicago-are construction loans surged to 13.7% in the third quarter- making it the 10th highest delinquency rate in the nation. Riverside, CA is first at 19.3%. From Crain’s: The delinquency rate for construction loans in the area hit 13.7% in the quarter, up from 10.8% in the second quarter and more than […]

This 4 bedroom rowhouse at 2241 W. Adams on the Near West Side is in short sale. It’s also been reduced by 50%. The listing calls it a “great opportunity” to get in in the near west side while the market is excellent for buyers. Is this a deal? The listing says the property needs work. Linda Lamb […]

We last chattered about this 1903 Georgian mansion at 5228 S. King near Washington Park on the South Side in October 2007.   The lure was its location- nearly next door to where the possible Olympic Stadium would be built. The house sold in May 2008 but is now back on the market. A lis pendens was filed in November 2008. Is […]

The listing for this fee simple townhouse/rowhouse at 919 W. Wisconsin in Lincoln Park says “Carpe Diem.” But the property has been on the market since October 2007 and has been reduced over $250,000.   Ron Goldstein at Sudler Sotheby’s has the listing. See more pictures and the listing here. See the property website here (check out the multiple […]