Archive for July, 2009

No Appreciation in 600 N. Fairbanks in Streeterville?

We’ve chattered about 600 N. Fairbanks, the Helmut Jahn-designed highrise in Streeterville, numerous times in the past. We finally have some closings in 2009 that provide a better idea of what is going on in the building. Has one of the hottest buildings in Chicago fallen back to earth? We chattered about Unit #1505, a […]

Old Town Without Parking Reduces $349K and Finds a Buyer: 240 W. Willow

We chattered about 240 W. Willow, a 1873-renovated Victorian single family home in Old Town in October 2008 and March 2009. It was a complete rehab and seemed to have everything- except a parking space. See our prior chatter and pictures from October 2008 here. The property recently came back on the market and was […]

8 Months Later and Still Waiting for a Buyer: 925 N. Wolcott in West Town

We last chattered about this modern 3-bedroom unit at 925 N. Wolcott in West Town in December 2008. Read our prior chatter and see the pictures here. This development was designed by Studio Dwell and Ranquist Development. Since we last chattered about it, the unit has been reduced by $35,000. The listing says the third bedroom […]

Clocktower Loft Sells: 2300 W. Wabansia in Bucktown

We last chattered about this 2-bedroom duplex in the Clocktower Lofts at 2300 W. Wabansia in Bucktown in January 2009. See our prior chatter and pictures here. It closed in May 2009 for $20,000 over the 2005 purchase price. Unit #309: 2 bedrooms, 1 bath, 1100 square feet, duplex Sold in March 2005 for $322,500 […]

Short Sale Alert: $2 Million Southport Home: 1510 W. Byron

The 6-bedroom house at 1510 W. Byron in the Southport neighborhood of Lakeview was new construction in 2007. It sold in 2007 for over $2 million but has come back on the market in 2009 as a short sale. The home has all the new construction bells and whistles including heated stairs and walk (so you […]

Looking for an Agent? Check This Out

I often get asked if I can direct people to an agent who handles, for instance, only foreclosures. There’s a new website that just launched that may help. It’s called: AgentsCompared.com It was started by an attorney in Chicago just a week ago. It’s free to users (and to agents who list their information on […]

Foreclosure Alert: Authentic Loft Under 1998 Price in Lincoln Park: 1236 W. Fullerton

This brick and timber 1-bedroom duplex loft at 1236 W. Fullerton, the Surrey Court Lofts, in Lincoln Park has been on the market since May. It is bank-owned and just recently had a $10,000 price reduction. The loft is now listed under the 1998 purchase price. The unit has a spiral staircase to the bedroom and den […]

When Are Comps Still Comps? 240 E. Illinois in Streeterville

We last chattered about this large 1-bedroom unit at Fairbanks at Cityfront Plaza at 240 E. Illinois in Streeterville last January. See our prior chatter and pictures here. It was priced at $600,000 plus $55,000 for the parking but comps on units sold on nearby floors seemed to justify the high price. It is 7 months […]

The 1920s Jefferson Park Colonial: 5120 W. Winona

Jefferson Park is usually thought of as a neighborhood of family homes. This 4-bedroom 1924-Colonial at 5120 W. Winona fits the bill and even has a white picket fence. It has maple hardwood floors and crown molding. 3 out of 4 bedrooms are on the second floor. The house also has central air and a […]

We Love Authentic Lofts: Big 1-Bedroom in 420 W. Grand in River North

This 1-bedroom brick and timber loft at 420 W. Grand in River North started life as a 2-bedroom and along the way the wall came down for the second bedroom. The building was converted into lofts in 1994, making it among the oldest loft conversions in River North. Though it is now a 1-bedroom, the […]