Archive for January, 2009

Catching a Falling Knife: 4350 N. Broadway in Buena Park

We last chattered about 4350 N. Broadway in Buena Park in January 2008. At the time, Unit #1010 was going to foreclosure auction and Unit #1012 was already bank owned. See the pictures here. Unit #1012 sold in February 2008 for $405,000 (including 2 parking spaces.) Here’s its history: Unit #1012: 3 bedrooms, 2.5 baths, 1950 […]

Competing Against the Developer: 1720 S. Michigan in the South Loop

Sellers continue to struggle to make any profit in 1720 S. Michigan, the 498-unit building in the South Loop that started closings in the summer of 2007. See pictures of the interior of the units in the building in our old chatter here. Not only do sellers have to contend with other flippers, but the developer has […]

11 Months Later, Still No Price Reduction: 1401 W. Berteau in Lakeview

We chattered about this 3-bedroom contemporary townhouse at 1401 W. Berteau in Lakeview in September 2008. See pictures and our chatter here. Since then, nothing has changed. The townhouse is still for sale, a “paint credit” is still “negotiable” and the price is unchanged at $660,000. But at least the snowy pictures are now current. […]

A 2/2 Under $200,000? 4958 N. Troy in Albany Park

Recently, it has come up in discussion that most of the properties highlighted on Crib Chatter are of the more expensive variety. Someone posted that he was looking for a simple 2/2 in a north side city neighborhood for under $200,000. You can find that at 4948 N. Troy in Albany Park. Okay- so when you add in […]

Selling in a Luxury Tower 9 Months Later: 50 E. Chestnut

It seems as if the rich like to move on a moments notice along with the rest of us as this 3-bedroom unit at 50 E. Chestnut in the Gold Coast has come on the market only 9 months after it closed in May 2008. Not only that- but it’s listed for $508,000 more than in […]