Archive for March, 2009

Historic Renovated Rowhouse: 4408 S. Oakenwald in North Kenwood

This 4-bedroom renovated vintage rowhouse at 4408 S. Oakenwald in North Kenwood (and a stones throw away from the lake) reflects the soaring home prices in this gentrifying neighborhood. The listing says this home has a finished basement and a completely remodeled kitchen with stainless steel appliances. Was this area caught up in the bubble or […]

Market Conditions: Crain’s Reports on Vetro Auction

Crain’s has coverage of the Vetro auction with some interesting quotes on topics we’ve been chattering about here the last several days. Sales totaled $12.1 million. It appears, that other highrises may be following the Vetro’s lead: Lenders on other slow-moving downtown condo projects also are considering forcing developers to hold auctions, said Garry Benson, […]

Foreclosure Alert: The $64,000 Rogers Park 1-Bedroom: 7044 N. Greenview

We’ve chattered quite a bit about the decline in prices in Rogers Park. It is evident in the bank-owned properties like this 1-bedroom vintage unit at 7044 N. Greenview which recently came on the market. It is priced more than 50% under its 2006 sales price. There are no pictures of the kitchen or the […]

We Love Terraces: Have Your Own Outdoor Kitchen at 611 S. Wells in the South Loop

Now that The Vetro auction is over, the question remains: what happens to the other owners in 611 S. Wells? This custom 2079 square foot 1-bedroom unit with an enormous terrace came on the market just before the auction. It clearly is in a different class within the building given its finishes. The listing states […]

Sold Above the 2005 Price: 30 E. Elm in the Gold Coast

We chattered about this renovated 1-bedroom unit in 30 E. Elm in the Gold Coast in December 2008. In addition to being updated it also had an in-unit washer/dryer which was unusual for the building. Back in December, many of you thought that the asking price was more like a wishing price and that it would certainly […]

Discussion About the Vetro Auction: Post Here

The auction of the 40 units at The Vetro is this weekend in the Loop. If you attend, please post your observations. And please- fill us in on the selling prices. Any guesses on how many people will show up and how high the bidding will go? Date: Saturday March 7 Location: W Chicago Hotel- […]

As Good as a Foreclosure? 849 N. Franklin in River North

The Parc Chestnut, at 849 N. Franklin in River North, is a brick-midrise building that was completed in 2006. This 2-bedroom listing says it is “like a foreclosure w/o the hassle.” Is that true? The unit has been reduced $65,100 since December and is now listed for less than it sold for in 2006 (sort-of). Kathleen […]

Restored North Kenwood Brownstone: 4421 S. Berkeley

We return to the south side to the North Kenwood neighborhood and this restored brownstone at 4421 S. Berkeley. The listing calls it “4 levels of luxury living.” It looks like a lot of the original features of the property were preserved. Yolanda Edwards at Bronzeville Realty has the listing. See more pictures here. 4421 S. […]

First Look at The Park Monroe: 65 E. Monroe in the Loop

New high rise buildings continue to close. The Park Monroe, at 65 E. Monroe, in the Loop is the latest building to deliver units. This is the development that is converting the top of an older office building into 156 condos. The east units will have lake and Millennium Park views while the west units will face the Sears […]

Selling a Conversion in East Lakeview in 2009: 3033 N. Sheridan

I went to the opening weekend of the new conversion at 3033 N. Sheridan in the spring of 2008. There were, literally, swarms of people there and I saw some entering into contracts before I left. (The 70+ degree weather didn’t hurt either.) Read the prior chatter on the building and our comments here. From the prior post- it looks […]