Archive for December, 2008

Mediterranean Intrigue in Austin: 5927 W. Washington

They just don’t build them like this 1916-mediterranean home at 5927 W. Washington in the Austin neighborhood anymore. Here’s the listing: Uniquely magnificent brick and stucco Mediterranean home on a corner landscaped lot. Large home with plenty of rooms that include but not limited to six large bedrooms, den, office, formal dining room, enclosed and […]

All the Bells and Whistles in the Gold Coast: 30 E. Elm

As we’ve chattered about many times, there are a lot of older buildings in the Gold Coast which don’t come with certain amenities today’s buyers demand such as parking, in-unit laundry and central air. This renovated 1-bedroom unit at 30 E. Elm, a building constructed in 1960, is missing the central air, but somehow it has […]

Flipper Alert: Still Trying to Flip at 240 E. Illinois in Streeterville

Some flippers are still out in force at the Fairbanks at Cityfront Plaza at 240 E. Illinois in Streeterville. The building stats haven’t changed much since we last chattered about it in May 2008. Current building stats (out of 281 units): 20 units for sale 7 units for rent Some units may be both for sale […]

Foreclosure Alert: What’s the Land Worth? 1517 W. Birchwood

What is land worth in East Rogers Park? That’s the question as this 1908-era single family home at 1517 W. Birchwood, that apparently needs a total rehab, goes to foreclosure auction this week. No one has been enticed by the low “as-is” price apparently. Here’s the listing: GREAT OPPORTUNITY. EXCELLENT EAST ROGERS PARK LOCATION – JUST 2 BLOCKS FROM […]

Still a Struggle to Make Money in the South Loop: 1305 S. Michigan

There are thousands of new construction condo units coming on the market all over the South Loop. For those who bought a few years ago, it’s a struggle to compete against the new product and the foreclosure prices now popping up. In July 2008 we chattered about a 2-bedroom bank-owned unit at 1305 S. Michigan, Unit […]

We Love Authentic Lofts: Huge 1-Bedroom at 540 N. Lake Shore Drive

We’ve chattered before about the lofts at 540 N. Lake Shore Drive, one of the few authentic loft buildings in Streeterville and the only loft building right on North Lake Shore Drive. Given the sales prices of 875 square foot 1-bedrooms in some nearby new construction high rises, is this 1470 square foot 1-bedroom a […]

More Lawsuits Filed Over Trump Tower Chicago

Litigation is heating up over the financing at Trump Tower Chicago. Deutsche Bank filed a $40 million lawsuit against Donald Trump on Friday in New York Supreme Court in Manhattan claiming that Mr. Trump personally guaranteed the loan. From the Chicago Tribune: This latest suit, filed by Deutsche in Manhattan, calls for Trump to make […]

Foreclosure Alert: Historic Mansion Going to Auction: 6759 S. Bennett

This 1915-era mansion at 6759 S. Bennett in the Jackson Park Highlands historic district on the south side was apparently rehabbed by a contractor featured on MTV’s Cribs show. It is going to foreclosure auction this week. Here’s the listing: FROM THE LUXURY DREAM HOME COLLECTION!!! PRESTIGIOUS CHICAGOLAND JACKSON PK HIGHLAND BEACH & GOLF COURSE COMMUNITY.A RARE OPPORTUNITY ON […]