Archive for February, 2009

When Owners “Must Sell”: 1862 N. Halsted in Lincoln Park

We chattered about an $800,000 penthouse duplex on North Halsted recently. But we’ve chattered about North Halsted duplex penthouses before, specifically, this 2-bedroom unit at 1862 N. Halsted in Lincoln Park. See our original September 2008 chatter and pictures here. 3 months after our last chatter in November 2008, it has been reduced again, by […]

Waiting 9 Months for a Buyer in Roscoe Village: 1918 W. Melrose

This 4-bedroom single family home at 1918 W. Melrose tells the tale of what has happened to the Chicago housing market, and the economy, since spring of 2008. In May of 2008, when this house was first listed, prices were holding fairly well on the north side of the city. 9 months later, this home is still waiting for […]

Market Conditions: A Renter’s Dream Market?

We’ve been chattering about rent versus owning comparisons since Crib Chatter first started in 2007. But lately, the rental equation has gotten a lot more juicy as landlords have been throwing incentives to try and get their units rented. Just how good is it out there for renters? The RedEye investigated: How would you like to live […]

Case Study 3-Bedroom is Back…and Reduced $120K: 156 W. Superior in River North

We last chattered about this 11-unit modern boutique building called Case Study, at 156 W. Superior, in River North in September 2008. See our prior chatter and pictures here. This 3-bedroom modern unit has stained concrete floors. It was withdrawn from the market and recently re-listed at $120,000 less than the prior price. Jena Radnay at […]

The $800,000 2-Bedroom Condo: 1852 N. Halsted in Lincoln Park

We’ve chattered about 1-bedrooms for $300,000, but what about the $800,000 2-bedroom? This penthouse duplex unit at 1852 N. Halsted in Lincoln Park is priced at $799,000 – a price you could buy a similarly sized single family home in parts of Lakeview and North Center for. What’s the market for a condo at this price in Lincoln […]

Market Conditions: Median Chicago Price Plunges in January

For many months we’ve been watching sales of single family and condos in Chicago fall sharply but prices remained elevated. That looks like it’s about to change. In January, median price finally followed sales to the downside as it fell to $206,250 from $290,000 in January of 2008. Sales sank another 23.5% to 888 properties […]

Short Sales and Other Stresses Remain: 310 S. Michigan in the Loop

We’ve chattered before about short sales in 310 S. Michigan, the renovated historic building across from Millennium Park, even though the building only started closings about a year ago. See our September 2008 chatter and pictures here. Other owners are still trying to get out of the building. This 1-bedroom unit has been on the market since July […]

The $300,000 1-Bedroom Isn’t Just Downtown: 3245 N. Ashland in Southport

We’ve chattered several times about the $300,000 (and up) 1-bedroom condo around the city. Most have been in the downtown area. But Lincoln Park and Lakeview also sport quite a few of these units, including this one at the LV Lofts, a new construction “loft-style” building at 3245 N. Ashland in the Southport neighborhood. Current stats […]

Flipped Once, Can it Flip Again? 845 N. Kingsbury in River North

We last chattered about Village Pointe, at 845 N. Kingsbury, in River North in April 2008. The building started closings in 2007 and several flips came on the market. See our April 2008 chatter and some pictures here. One of those was Unit #611, a 1-bedroom plus den, that flipped in December 2007. It is back […]

Update on Issues Regarding Use of Property Pictures

Several months ago I clued you all in on problems I was having with posting pictures of some of the units due to copyright concerns. Progress has been made (thanks to all the agents who graciously allow me to use their photos) but some copyright issues remain – especially with pictures taken by VHT, who apparently […]