Archive for August, 2009

Is This a Deal? Avenue East 2 Bedroom Reduced Again: 160 E. Illinois

We last chattered about this 2-bedroom unit at Avenue East, at 160 E. Illinois, in Streeterville in April. See our prior chatter here. It is still on the market and has been reduced another $90,000. The listing says it’s an “estate sale” and sold as is. It also says the seller will entertain all “reasonable” offers. […]

East Lakeview Vintage for a 2006 Price: 411 W. Briar

This huge 4-bedroom vintage unit at 411 W. Briar in East Lakeview is bigger than some single family homes. At 2600 square feet, it has a dining room and a sunroom. It also has some of the vintage features of buildings of the 1920s like a separate entry hallway and a wood burning fireplace. The […]

Foreclosures and Short Sales (Again) in the Paramount Lofts: 1645 W. Ogden

It’s time to re-visit the Paramount Lofts at 1645 W. Ogden, a 2006 conversion in the West Loop. We last chattered about the building in April 2008 when foreclosures and short sales were happening in the building. See our prior chatter and pictures here. 14 months later and there are still foreclosures and short sales. […]

Vintage Condo Alternative in North Center: 4116 N. Bell

This 3-bedroom 1901 vintage single family home at 4116 N. Bell in North Center has been on the market for 11 months. After being reduced by $55,001, it is now in the similar price range as many condos in the area yet it has a nice front and backyard and a 2-car garage. All three bedrooms […]

Traditional Exterior Hides Contemporary Interior: 4337 N. Paulina in Ravenswood

This 4-bedroom single family home at 4337 N. Paulina in Ravenswood looks rather traditional from the street. But once you step inside, the home is light and airy with ample skylights.  The listing says it has a renovated kitchen with granite and stainless steel and an oversized 33×165 lot. It also just had a reduction and is […]

Market Conditions: Sales of High End Homes are Frozen

The Wall Street Journal discussed the lack of sales of high end homes today and compares Schaumburg and Kenilworth (and the north shore.) While it doesn’t mention Chicago’s high end home market, I think it’s relevant enough to quote here. In the article, one seller in Northfield cut her price by a million dollars and […]

The Latest Development to Slash Prices: ParkSide of Old Town

We’ve chattered about several components of the ParkSide of Old Town development on the near north side over the last 2 years, including some of the townhouses and the mid-rise building The Hudson at 437 W. Division. See our prior chatter on flippers in The Hudson here. In case you missed it, the developer had […]