Archive for August, 2009

A Single Family Home in the Heart of Bucktown: 2032 W. Churchill

It doesn’t get more Bucktown than this 3-bedroom single family home at 2032 W. Churchill which is just a short stroll to the shops, restaurants and CTA stop on Damen. Is this house an alternative to the big duplex down units we’ve been chattering about in other parts of the city? It has 2 bedrooms […]

Got Cash? Bank Owned 1-Bedroom $180K Under 2008 Price: 1351 N. Ashland

According to the Tribune, Unit #2A at 1351 N. Ashland in West Town sold in February 2008 for $290,000. It is now bank owned and is listed for $180,700 under the 2008 purchase price. It is a cash only sale. But if you’re an investor, you’ll have to wait a day or two more because, according […]

Under Contract In Less than 2 Weeks: 2234 W. School in Roscoe Village

What’s selling? Properties targeting first time home buyers like this 2-bedroom unit at 2234 W. School in Roscoe Village. It came on the market in July priced at its 2003 purchase price and went under contract in just 13 days. It appears to have all the bells and whistles: stainless steel appliances, granite countertops, central […]

Flipper Alert? 13 Months and a New Kitchen Later: 1309 N. Wells in Old Town

We last chattered about Unit #607 in Michael’s Terrace at 1309 N. Wells in Old Town in May 2008 when it was owned by the bank and just sitting on the market. See our prior chatter here (scroll all the way to the bottom of the post to see the building and listing. No interior […]

Under Contract in Less Than 2 Weeks: 630 W. Waveland in Lakeview

Some properties are still selling quickly. It helps if the property is considered “affordable” – especially for first time home buyers looking to cash in on the $8,000 credit. This 1-bedroom unit at 630 W. Waveland in Lakeview is one of those units. It has some vintage character, including a wood burning fireplace, but also an […]

Living With a Terrace on Lake Shore Drive Sells: 3700 N. Lake Shore Drive

We last chattered about this 2-bedroom duplex with a large terrace at 3700 N. Lake Shore Drive in Lakeview in January 2009. At that time, it created quite the discussion about bubble pricing. See our prior chatter here. The unit recently sold in July 2009 for $36,000 above the 2003 purchase price. Unit #111: 2 bedrooms, […]

Market Conditions: Edgewater Condo Association to Buy Foreclosures: 6301 N. Sheridan

The Chicago Tribune reports on the latest development in condominium buildings in the  city: the buying of foreclosures by the association within the building. Shoreline Towers, at 6301 N. Sheridan in Edgewater, a 378-unit 25 story building has seen its share of foreclosures. According to the article at any time there are 12 to 14 […]

Market Conditions: Interest Picks Up in Waterview Tower

Many of us have wondered just how long we’d have to look at the shell of a building that is (was?) Waterview Tower on Wacker Drive. Greg Burns at the Chicago Tribune recently talked with Peter Greene, first vice president at CB Richard Ellis in Chicago: Halted after work began, standing like a broken tooth […]

Foreclosure Alert: Fulton Market Townhouse at 310 N. Clinton

Living close to the loop just got cheaper as this bank-owned townhouse recently came on the market in the Fulton Market neighborhood at 310 N. Clinton. At 2000 square feet, it appears to have its kitchen and baths intact. It also has 3-bedrooms plus a den and an attached garage. The townhouse is listed above the prior 2004 […]

Contemporary Penthouse in Lakeview Reduces: 550 W. Wellington

We chattered about this large custom-designed contemporary Lakeview penthouse unit at 550 W. Wellington in June. See our prior chatter and pictures here. Since then, it has been reduced another $95,000. The unit has top of the line finishes and appliances including Bulthaup, Sub-Zero, Poliform, Dornbracht and the Lutron whole-home lighting & shade system. The home […]