Archive for January, 2009

Market Conditions: Polish Neighborhoods Feel Chicago Housing Bust

Tucked away in last weekend’s Chicago Tribune Magazine article about how more Polish immigrants are returning to Poland than are coming to Chicago, was this tidbit about how easy money and the housing boom is affecting the Polish immigrant neighborhoods. But these days, the old Polish corridor that stretches along Milwaukee Avenue is looking a little frayed. […]

Old Man Winter Strikes Again: 1227 W. Wrightwood in Lincoln Park

We recently chattered about the new construction home in Bucktown/Wicker Park that had the burst pipes and water up to the first floor. You can see the Fox News video here. But water and weather problems aren’t limited to foreclosures in the harsh Chicago winters. Thanks to the tipster who sent me info about this […]

A Victim of the Bad Market? 2057 N. Seminary in Lincoln Park

This 3-bedroom duplex down unit at 2057 N. Seminary in Lincoln Park has been on the market for 16 months. It is now listed $90,000 less than its original listing price and under its 2005 selling price. It seems to have it “all”- including central air, washer dryer, large square footage- except it doesn’t have parking. Is this […]

Developer Cuts Prices Again on South Loop Townhouses: 2301 S. Wabash

We last chattered in November 2008 about the developer slashing prices on 3 remaining townhouses at The Wabash Club at 2301 S. Wabash in the South Loop. At the time, the price cuts were $100,000 to $175,000 and the listing said, “Unbelieveable opportunity* These final units are priced well below prior sales in the complex. […]

Four Months Later: Still Available and No Price Reductions: 2944 N. Broadway

We last chattered about this 2-bedroom unit at 2944 N. Broadway in Lakeview in September 2008. Many of you thought it was overpriced in the fall. See our chatter and pictures here. It’s still available and there has been no price reduction. (Note bedroom sizes below- which were a topic of chatter in September.) Here’s […]

The $600,000 1-Bedroom in Streeterville: 240 E. Illinois

Before you start hyperventilating at the prospect of a $600,000 1-bedroom in Streeterville, please keep in mind that there are actual comps behind the listing of this large 1-bedroom unit in 240 E. Illinois, the Fairbanks at Cityfront Plaza. Unit #2810 is, according to the listing, an east facing unit. It also has “upgraded” kitchen and […]

Foreclosure Alert: 40% Under the 2006 Price: 1412 W. Division

This 2-bedroom unit at 1412 W. Division in West Town might be a little too close to the Kennedy Expressway for some people’s tastes, but it’s now bank-owned and on the market for about 40% less than it sold for in 2006. See the exterior picture and the listing here (unfortunately- no interior pictures available). Has anyone […]

We Love Authentic Lofts: Old Town Loft Reduced $25K at 1448 N. Orleans

We last chattered about this 2-bedroom triplex loft in the Carriage Park Lofts at 1448 N. Orleans in Old Town in August 2008. It is still on the market and has been reduced by $25,000. Back in August 2008, some of you thought it was overpriced.  See the pictures and our chatter here. Here’s its history again: […]

We Love Terraces: Eschew High Rise Living at 3700 N. Lake Shore Drive

Not every address on the north side of Lake Shore Drive is a high rise. We’ve chattered before about several million dollar homes and condos in small boutique buildings. Then there is this 2-bedroom duplex with its own private terrace at 3700 N. Lake Shore Drive. Built in 1980, the complex consists of 52 units. The listing […]

Foreclosure Alert: $685K Off Prior Sales Price: 2426 N. Rockwell in Logan Square

We haven’t done a McMansion foreclosure for awhile. This 3-bedroom single family home at 2426 N. Rockwell in Logan Square just came on the market and is bank owned. It looks like fairly new construction (2006-2007) and sold in 2007 with 100% financing (twice). Is this a deal? Here’s it’s history: 2426 N. Rockwell: 3 bedrooms, 3 baths, […]