Archive for March, 2009

“This is the deal of the century!” 2239.5 N. Lincoln in Lincoln Park

We last chattered about this 2-bedroom condo at 2239.5 N. Lincoln in Lincoln Park in September 2008. See our prior chatter and pictures here. It’s now been on the market for a year and has been reduced $50,000. The listing says the sellers are relocating, it is now an “unbelievable price” which is “well below market” and […]

Logan Square Vintage Beauty is Back and Reduced $300K: 2048 N. Humboldt Blvd

We last chattered about this giant 5-bedroom American Four Square in Logan Square at 2048 N. Humboldt Boulevard in June 2008. See our prior chatter and pictures here. Built in 1921, it has a woodburning fireplace, stained glass, beamed ceilings and is on a large lot of 50×150. It’s back on the market and has been reduced $300,999. […]

Market Conditions: January Case/Shiller Has Chicagoland Falling 4.6% Month Over Month

The January Case/Shiller numbers are out (as some of you have noted.) The Chicagoland area saw prices drop 4.6% from December to January, the third highest in the nation’s largest metro areas. Only Minneapolis, at 4.7%, and Phoenix, at 5.5%, were worse. Year-over-year decline was 16.4%. Are price declines accelerating in the Chicago area? See data on […]

$64K Reduction on Lakeview Single Family Home: 3833 N. Marshfield

This 3-bedroom home at 3833 N. Marshfield in Lakeview has been on the market since August 2008. It’s now been reduced $64,000 and is listed only $10,000 above it’s 2006 selling price. The house is in the coveted Blaine School District and the kitchens and baths were renovated in 2006. What will it take to sell […]

Gold Coast Coach House Listed Below 2000 Selling Price: 1234 N. Dearborn

Remember our favorite bank-owned Gold Coast coach house at 1234 N. Dearborn? See our October 2008 chatter and pictures here. It’s not too late to own it. The bank has reduced it $105,000 since May 2008. It’s now listed $50,000 below the 2000 sales price. Is this finally a “deal”? A.D.S. Realty now has the […]

Selling for Less than the 2003 Price in Bucktown: 1746 N. Wood

Bucktown and Wicker Park seem to be hotbeds of contemporary architecture in the city such as this 4-bedroom single family home at 1746 N. Wood which was built in 2003. It is currently listed for $201,000 less than the 2003 purchase price. Do these wide-open contemporary layouts sway some vintage lovers? Jeff Lowe at Prudential […]

Edgewater American Four Square Under Contract in 2 Days: 1456 W. Norwood

Thanks to the tipster who sent me information regarding this 4-bedroom American four square in Edgewater Glen at 1456 W. Norwood that went under contract within 2 days. The listing says the kitchen has been renovated with honed granite, Viking, Miele and Franke finishes. It also seems to have all the bells and whistles including […]

“Take My Home, Please!” 2720 N. Dayton in Lakeview

Time Out Chicago has its annual real estate issue out this week called “Where to live now.” There are a few properties featured under a section called “motivated sellers” about sellers eager to sell their homes. In the magazine version, they are blurbs amongst the articles that say, “Take my home, please!” One of them […]

We Love Authentic Lofts: Brick, Timber and a Roofdeck at 1001 W. Altgeld in Lincoln Park

This multi-level 3-bedroom unit at the Soda Pop Factory Lofts, at 1001 W. Altgeld in Lincoln Park, has the features of a wide open loft but the bedrooms appear to have some privacy. The ceilings are timber and the living room area is nearly all brick. This unit also has a roof-top deck that the listing says […]

Market Conditions: Midwest Sees Largest Sales Plunge in the Nation in February

Apparently, the Midwest is home to the fastest sliding home markets in the country. Not by price- but by sales. The Associated Press reports that Midwest home sales, which includes a 12-state region, fell 18% in February from a year ago, according to the National Association of Realtors. The nationwide home sale average was a decline of […]