Archive for December, 2008

Market Conditions: Gold Coast Mansion Sells for $8 Million

Not everything is doom and gloom out there as the most expensive single family home to sell in Chicago this year just did so for $8 million. The house in question is 43 E. Burton at the corner of Burton and Astor Streets in the Gold Coast. I can’t post any pictures and Google Streetview has interestingly […]

Crib Chatter Update: Changes to the Site

This  is an update on some changes that will occur to the posts on the site. I’m getting some grief from the Northern Illinois MLS for posting information from their listings. I don’t want to run afoul of any copyright laws (as we’ve discussed on the site in the past) so for the near-term there […]

Trying to Make Some Money in Old Town: 1546 N. Orleans

Anyone who has ridden the Brown Line knows 1546 N. Orleans – as it’s hard to miss the mid-rise building which is near the El tracks by the Sedgwick stop in Old Town. This 2-bedroom unit has been on the market since July. It appears from the pictures that the balcony faces west. Here’s the listing: Ideal Old Town penthouse! 2 […]

Does Paint Matter? 130 N. Garland in the Loop

It has long been known that certain paint colors can be a turn-off to buyers or that “staging” a property likely brings about a quicker (and sometimes higher-priced) sale. How else to explain the difference in the asking prices of these two units in The Heritage, at 130 N. Garland, in the Loop? Yes, one is […]

How’s the West Wicker Park Market? 2316 W. Cortez

What’s the market like in areas like West Wicker Park- close to the Division Street shopping/restaurant district but not near the Damen Blue Line stop? This 2-bedroom vintage unit at 2316 W. Cortez was recently listed. Here’s the listing: Stunning combination of vintage features and upgraded kitchen baths in this top floor unit. The best of both worlds. […]

Free Maid and Laundry Service: 111 W. Maple in the Gold Coast

Tired of cleaning and don’t like going to the laundry room? If you buy this 2-bedroom at 111 W. Maple in the Gold Coast, the seller will throw in 2-years worth of maid and laundry service. Here’s the listing: Friendly building 2Bed/2ba California Closets,Beaut. NE corner High floor to ceiling windows panoramic lake & city views. […]

Market Conditions: Treasury May Buy Securities to Push Mortgage Rates Down

Rumors are circulating that the Treasury Department may buy mortgage-backed securities with the goal of pushing 30-year mortgage rates to 4.5% in order to spur home sales. Will low rates drive sales and stop housing’s decline or will it provide just a brief respite? After the Fed announced last week it would buy $500 billion of mortgage-backed […]

Flipper Alert: First Flips Appear in 757 N. Orleans in River North

Yes, investors are still attempting to flip new construction units in the downtown. The first flips are beginning to appear in 757 N. Orleans in River North- the new construction 198-unit high rise at Orleans and Chicago Avenue (if you ride the brown line, you can’t miss it.) Closings just began in the building. Current […]

We Like Modern: 925 N. Wolcott in West Town

As much as we like good old-fashioned vintage, there’s something neat about the sleek look of a modern design. This 3-bedroom duplex at 925 N. Wolcott in West Town has the crisp modern look. Here’s the listing: Modern 3BD/2BA 32’ wide duplex in 9-unit bldg by Studio Dwell & Ranquist Development. High-end finishes such as […]

Much Cheaper Than New Construction: 400 E. Ohio in Streeterville

A lot of buyers just want new- but what if you could get more space for less money in the same neighborhood for buying in a building that has been around awhile? 400 E. Ohio in Streeterville is a 181-unit high rise built in 1982. This 3-bedroom duplex, Unit #4804, is on the market for a much lower […]