We chattered about this 1891 brick cottage at 2110 N. Hoyne in Bucktown in March 2009. See our prior chatter and pictures here. It sold in June 2009. 2110 N. Hoyne: 2 bedrooms, 2.5 baths, 2 car garage, no square footage listed Sold in April 1999 for $240,000 Sold in February 2004 for $370,000 Was listed in […]
The Wall Street Journal is reporting that private equity firm Starwood is in talks with regulators to buy assets of Corus Bankshares Inc., the Chicago-based bank that is a large lender for condominium construction. Barry Sternlicht’s Starwood Capital Group, a private-equity firm specializing in real-estate investments, is bidding on assets of Corus Bankshares Inc., according to people […]
This 3-bedroom house at 2823 N. Racine in Lakeview recently came on the market. It’s bank-owned and now listed for $195,200 under the 2003 purchase price. Built in 1888, the house doesn’t have central air but appears to have at least 1-car parking. Is this cheap enough to lure buyers? Jason Shapiro at Rising Realty […]
We’ve seen several condo units that have been missing their kitchens before. This one at 1620 S. Michigan in the South Loop is not only missing the kitchen, but it looks like the toilet and bathroom sink is missing in at least one of the bathrooms as well. But if a little renovation doesn’t scare you, is […]
The Chicago Tribune describes the increasing desperation of sellers as the middle of summer fast approaches and the window for selling is quickly closing (at least for selling during the “peak” selling season.) It’s the middle of July, and home sellers are starting to feel the pressure. Elmwood Park resident Dan Gongola is among them. […]
This 1 bedroom timber loft at 3201 N. Seminary in Lakeview just came on the market as a short sale. It is listed at 33% off, or $100,000 below, its 2005 purchase price. It has 800 square feet, 13 foot ceilings, central air, washer/dryer in the unit and an outdoor assigned parking space. The unit is also […]
We chattered about this 2-bedroom “Mies Van der Rohe-inspired” unit near IIT at 3120 S. Indiana in Bronzeville last January. It finally closed in June 2009 for $11,100 under the 2005 purchase price. See our prior chatter and pictures of the interior here. Unit #401: 2 bedrooms, 2 baths, 1300 square feet Sold in December 2005 for […]
We’ve chattered about the problems with the Freddie and Fannie requirements in new condo buildings in the past. Both lenders will no longer guarantee mortgages in buildings that are less than 70% sold. According to the Chicago Tribune, the restrictions are making it extremely difficult for developers to sell new units. In March, sales of […]
According to the New York Times, out of town buyers are flocking to Chicago to buy up second homes because Chicago is seen as affordable and stable. CELEBRATING their wedding anniversary in April at the Palmer House Hilton in downtown Chicago, where they were engaged 10 years ago, Chris and Kristine Warnes knew they would […]
We chattered about this 1-bedroom brick and timber loft at 1701 N. Damen in Bucktown last January. See our prior chatter and pictures here. It had a spiral staircase to a private rooftop deck. The kitchen and bathroom were not updated, however. But the unit had other amenities like central air, parking and an in-unit washer/dryer. […]