Are the condo conversions and new construction properties the most at risk of price declines in this housing market? This 3-bedroom 2007 vintage conversion at 646 W. Wellington in East Lakeview just came on the market and has already had one price reduction. It is now listed for only $9,000 above its 2007 selling price. It […]
We love authentic lofts that are huge rooms of space and this 2-bedroom loft at 2650 W. Belden in West Bucktown/Logan Square fits the bill. This duplex timber loft is 2000 square feet, has 18-foot high ceilings in the living room and has great skylights. It’s also been reduced $39,100 since June 2008. Laura Pentecost at […]
Gaslight Court is the historic 1900-era brick complex in the middle of Old Town at 1407 N. Wells. Several of the units have the funky 1/2 address as this 2-bedroom unit does at 1407.5 N. Wells. The units have central air, in-unit washer dryers but no parking. They also use their space wisely- having few […]
This renovated 1890s rowhouse at 2545 N. Burling in Lincoln Park has been on the market for over a year. It was recently reduced $100,000 and is now listed below the 2003 selling price. Mary Beth Smith at Rubloff has the listing. See the listing, pictures and a virtual tour here. See property website here. […]
Even the New York Times is interested in Chicago real estate. We’ve chattered several times about the lack of construction at both The Spire and Waterview Tower in recent months. It’s a combination of there being absolutely no financing going on for these massive buildings along with the rapid slowdown in condominium sales. “If I’d known in […]
This circa 1915 2-bedroom co-op unit at 3560 N. Pine Grove has great vintage bones: a sunroom, fireplace and a coved ceiling in the dining room. It’s also been on the market for 9 months and has been reduced $30,000. It has the always vital central air and an in-unit washer/dryer. For a co-op building, it also […]
There are some properties that are just unique and this 3-level unit at 2015 W. Fullerton in Bucktown is one of them. The 3,000 square foot 2-bedroom unit has a private elevator from the garage to the unit and a private 1500 square foot rooftop deck with hot tub enclosed in a glass gazebo. (Alas, […]
According to the Sun-Times, Zillow released a report on Feb 3 stating that $79 billion in home owner wealth has been lost in the Chicagoland area in the last year. Zillow also found that 23.4 percent of homes sold in the area in the fourth quarter sold for a loss, and 19 percent of homeowners in […]
When we last chattered about this 2-bedroom loft in 333 W. Hubbard in River North in December 2008, it was the cheapest 2/2 in the building. See our prior chatter here. It just got cheaper as it’s now been reduced by $15,000. Barbara O’Connor at Koenig & Strey still has the listing. See more pictures here. Unit […]
This 2-bedroom vintage unit in 3520 N. Lake Shore Drive in Lakeview just came on the market in January and it’s already under contract. The unit is missing the things that usually sell properties. It has no central air, no in-unit washer/dryer and no parking. But it does have direct lake views. Was it priced to […]