Archive for June, 2009

West Loop Terrace Unit Still Available: 936 W. Madison

We chattered about this “soft loft” 2-bedroom unit at 936 W. Madison in the West Loop in April. See our prior chatter and pictures here. It is still available and has been reduced by $1,000 (the parking is now “extra” instead of being included in the price.) The terrace runs the length of the unit and there […]

We Love Home Theaters: 6043 N. Kilpatrick in Sauganash

Why go out to the movies when you can comfortably enjoy them in your own home theater such as that in this single family home at 6043 N. Kilpatrick in Sauganash. The 4-bedroom French Provincial style house was built in 2002 and features hardwood and marble floors as well as oversized windows. Listed since September 2008, it has […]

Lincoln Park Rowhouse Reduces Again: 2545 N. Burling

We last chattered about this 5-bedroom rowhouse at 2545 N. Burling in Lincoln Park in February 2009. See our February chatter here. It is still on the market and has been reduced another $150,000. In the winter, the seller was offering a $10,000 purchasers credit if under contract by the end of January 2009. Now, the […]

Following the Market Down: 4841 N. Leavitt in Lincoln Square

This 4-bedroom single family Victorian farmhouse at 4841 N. Leavitt in Lincoln Square is finally under contract after 9 months on the market. That was only after being reduced $150,000. It is also now listed at the same price it sold for in July 2004. The listing says it has newer mechanicals, roof, kitchen and bathrooms. […]

Can You Live With Few Walls? Contemporary Penthouse at 550 W. Wellington in Lakeview

If you like the open living concept then this contemporary penthouse at 550 W. Wellington in Lakeview is for you. The 3-bedroom unit doesn’t appear to have many walls, including for the third bedroom which the listing says is “open.” The unit has 10 foot ceilings and 3 exposures as well as a rooftop deck […]

Market Conditions: Are Multi-Unit Buildings Back in Vogue?

The Chicago Tribune recently reported on the state of the multi-unit property in Chicago. Multi-unit properties became all the rage in the last 10 years as investors bet on appreciation. “Those were some of the first buildings people were willing to walk away from,” says David Hanna, president of the Chicago Association of Realtors. “The […]

Forbes Reports: Price Declines to Come to America’s Ritziest Addresses

Thanks to Spark who linked to this Forbes Magazine article earlier about the level of inventories of million dollar homes in America and what it means for some of America’s wealthiest neighborhoods. I’m going to highlight it again for those of you who didn’t see it when it was linked. It’s a similar story in […]

Rehabbing the Vintage Single Family Home: 1722 N. North Park in Old Town

This 6-bedroom vintage house at 1722 N. North Park in the historic district in Old Town was built in 1875. It was bought in July 2008 and gut rehabbed in the last 11 months to be brought into the current century. It now has features like a basement with waxed concrete floors, a mud room […]

Live in the Heart of Wicker Park: 2031 W. Evergreen

This 2-bedroom at 2031 W. Evergreen in Wicker Park has the distinction of being located in the “heart” of the Wicker Park/Bucktown scene. Located between the restaurants/scene of Bucktown and that of Division Street, it has all the usual features: ten foot ceilings, granite kitchen countertops, marble baths, central air and washer/dryer in the unit. It also […]

Pricing A Townhouse to Sell in Lakeview: 3239 N. Kenmore

This 2-bedroom townhouse at 3239 N. Kenmore is part of a 6-unit complex in Lakeview that was built in the late 1980s. It came on the market on June 4 and was under contract quickly thereafter. The multi-level townhouse has two outdoor spaces, including a rooftop deck, as well as garage parking. It was also […]