Archive for January, 2009

Do You Have Vision? 5919 S. Calumet in Washington Park

Just in time for the Olympics. This 10-bedroom brownstone mansion at 5919 S. Calumet awaits someone with vision. The listing says it needs a complete gut rehab. It used to be a single family home and then was converted into 4-units. Marki Lemons at Rubloff has the listing. See more pictures and a virtual tour […]

Vintage Beauty on the Lake: 3400 N. Lake Shore Drive

They just don’t build them like this anymore. And we love to look at them. This 4-bedroom, 4000 square foot vintage unit in 3400 N. Lake Shore Drive in Lakeview still has the original mahogany millwork, plaster and paneling. It also has all the modern conveniences: central air, washer/dryer and parking. What more can you ask […]

Market Conditions: What If Construction Stops on Your Condo Tower?

What if you had put down a deposit for a unit in Waterview Tower several years ago?  How long would you be willing to wait for your dream unit? Construction has halted on the building on Wacker Drive in the Loop. Crain’s updates construction developments at several of the new highrises in this week’s issue. […]

Lincoln Park Single Family “Short Sale” Reduces $199K: 2533 N. Greenview

We last chattered about this “short sale” 5-bedroom single family home at 2533 N. Greenview in Lincoln Park in September 2008. See the pictures and our prior chatter here. It is still on the market, still listed as a “short sale” and the listing says it is still currently rented for $5,000 a month. But […]

Cheapest House in Old Town is Now Cheaper: 1454 N. Orleans

We last chattered about this 3-bedroom single family home at 1454 N. Orleans in Old Town in May 2008. It was among the cheapest single family homes currently on the market in Old Town. It’s gotten $34,000 cheaper since we last chattered about it. The sellers are also now “motivated.” Are the El tracks, right in front […]

Market Conditions: Chicago 2008 Sales Fall 25.1% From 2007

Sales continued to plunge in December – marking the end of a nasty year in the Chicago housing market. Prices continued to hold up for the full-year however. How much longer will prices hold?  The median price spiked dramatically lower in December 2008 compared to the year ago period. From the Illinois Association of Realtors:  In the […]

Market Conditions: Median Condo/Townhouse Prices Rise in North Side Neighborhoods

On Sunday, the Chicago Tribune highlighted 5 North Side neighborhoods where the median condo/townhouse price actually rose in 2008 compared to 2007. The data was supplied by Midwest Real Estate Data, LLC. Lincoln Square 2007: $275,950 2008: $305,000 North Center 2007: $381,000 2008: $385,000 Lake View 2007: $332,500 2008: $347,500 Lincoln Park 2007: $414,328 2008: $420,000 […]

Market Conditions: Can Foreign Buyers Save Chicago’s Luxury Market?

Tricia Fox of Keller Williams Gold Coast, and one of the city’s top agents, is going to Dubai for the 5th Annual International Property Show in February to try and lure wealthy foreign buyers to Chicago’s luxury condo market. According to the Chicago Tribune, Tricia has been working with Australian clients and members of her sales team have […]

Update on 3150 N. Sheffield: 9 Months Later Two Sold, Two Still Listed

We last chattered about The Vic Lofts at 3150 N. Sheffield in Lakeview in May 2008. At that time, we discussed 4 different units. Since then, 2 of the 4 have sold for under their prior 2006 sales prices. 2 others are still on the market, with both significantly reduced by $30,000 and $35,000, respectively. […]

We Love Authentic Lofts (with private rooftop decks): 1701 N. Damen in Bucktown

This authentic brick and timber loft at 1701 N. Damen in the heart of Bucktown is one of those buildings that was converted in the early 1990s, back when lofts were meant to be big and spacious and have things like spiral staircases to rooftop decks. Since we love authentic lofts AND private roof top […]