The Wall Street Journal reports that Fannie Mae has tightened credit for buyers of condominiums. The new rules are going to hit new construction condo buildings especially hard. Effective as of March 1: Has stopped guaranteeing mortgages in condo buildings where fewer than 70% of the units have sold (previously it was guaranteeing the loans […]
Chicago Public Radio recently did a piece on the cooling off of the Chicago condo market. However, Lakeshore East apparently continues to be popular whereas we already know the problems going on in the South Loop. The piece also addresses those in the West Loop who are attempting to get mortgages for new construction condo units. Eighty-two […]
We’ve chattered about The Capitol Hill Lofts at 625 W. Jackson in the West Loop before. It’s only a few blocks from the Sears Tower, most of downtown and Greektown. This 2/2 loft has brick, timber and 14 foot ceilings as well as 2 balconies. It’s also priced considerably less than the new construction building, 565 W. […]
Some homes are just cool. This 1882-era single family home at 638 W. Oakdale in Lakeview has much of its vintage charm intact and a unique conservatory on the back of the house. We last chattered about the house in November 2008. See our prior comments and pictures here. It’s since been reduced $149,000. Suzan […]
It’s been awhile since we last chattered about The Lancaster, at 201 N. Westshore, in Lakeshore East. Unit #1008, a 2-bedroom, 2 bath, has been reduced by $89,900 and appears to be “cheap” at only $450,000. But is it? The last 08 tier unit sold in August 2008 for $420,500. It was bank-owned. See our prior chatter […]
We last chattered about this massive 2000-square foot loft at 2650 W. Belden in Logan Square in early February 2009. Since then, the loft has been reduced another $24,000. See our prior chatter and more pictures here. Laura Pentecost at @Properties has the listing. See her website here. See more pictures here. Unit #315: 2 […]
In November 2008 we chattered about a bank-owned unit in 1658 W. Superior, in a converted West Town church. With its massive stained glass window, it was dubbed by one of you as “the coolest thing”. See our prior discussion and pictures here. It has finally closed for slightly above the bank-owned asking price. A tipster tells me there were […]
We last chattered about this 3-bedroom vintage rowhouse at 410 W. Webster in East Lincoln Park in October 2008. See our prior chatter and pictures here. This is a prime location in that neighborhood (near the park, the zoo etc.) It has since been reduced $100,000. The current listing also states that the owner did a “2006 […]