Archive for September, 2009

Vintage Character With Modern Amenities: 839 S. Laflin in Little Italy

This 2-bedroom vintage unit at 839 S. Laflin in Little Italy has been updated but has not lost its character. The unit still sports high ceilings, crown molding and a fireplace. But the kitchen is modern with granite countertops, stainless steel appliances and white cabinets. The unit has central air, an in-unit washer/dryer and appears to have a parking […]

The Non-Cookie Cutter Condo Is Still Available: 1855 N. Halsted in Lincoln Park

We last chattered about this top floor 2-bedroom unit at 1855 N. Halsted in Lincoln Park in June. See our prior chatter and pictures here. The unit is far from your average top floor cookie-cutter condo with its distinctive staircase and lofted bedroom. It also has a sunken living room and 2-car parking which is included. […]

Flipper Alert: Re-sales and Rentals Appearing in Aqua: 225 N. Columbus in Lakeshore East

It’s rare that I get to do a flipper alert these days. But several new condo units for sale by investors have appeared on Craigslist and the MLS for the 83-story Aqua, at 225 N. Columbus, the latest high rise in Lakeshore East. Additionally, a couple are also already available for rent. Of course, there are also […]

South Loop Loft Listed 69% Off 2007 Purchase Price: 1020 S. Wabash

This huge 1-bedroom loft at 1020 S. Wabash in the South Loop has been on the market since July. It is being sold “as-is.” It has been reduced several times and is now listed for 69% under the 2007 purchase price.  It is also listed for $131,400 under the 2004 purchase price. While only a 1-bedroom, […]

The Ultimate Bungalow Reduces: 5501 W. Cullom in Portage Park

We last chattered about this historic bungalow at 5501 W. Cullom in Portage Park in early July. See our prior chatter and pictures here. Since then, the house has been reduced by $75,000. The 4-bedroom house was built in 1926 and has many special features including a lower level with a 1950s lounge, a wine cellar, […]

Market Conditions: Are Freddie and Fannie Condo Loan Regulations Hurting Sales?

The Chicago Association of Realtors and the Illinois Association of Realtors have both been vocal in press releases that the recently tightened Fannie Mae and Freddie Mac loan requirements for condominiums are squeezing sales in Chicago. Here are some of the new rules recently put in place for buyers seeking to obtain a Fannie or Freddie backed mortgage on a condominium: […]

Is This “Handyman’s Special” in Ravenswood a Deal? 4844 N. Ashland

This 4-bedroom victorian single family home at 4844 N. Ashland in Ravenswood just came on the market listed at a condo price. The listing says it is a “handyman’s special” but it appears to have some good bones. The four bedrooms are on the second floor and the listing says there is hardwood underneath the […]

Bank-Owned 3-Flat Reduced and Under Contract 5 Months Later: 3510 N. Ashland in Southport

Last May we chattered about this bank-owned 3-flat at 3510 N. Ashland in Southport. See our chatter and pictures here. At that time it was listed at $386,100 under the 2006 purchase price. It has since been reduced another $87,000 and has now gone under contract. Does this price make sense from an investment perspective? David Piche […]

Get a Loft And a Vintage Home All Wrapped Up in One: 5844 W. Augusta Blvd in Austin

Maybe you’re an artist who needs a wide-open authentic loft space in which to work but wants to live in a home with vintage features? This unique 1-bedroom single family home at 5844 W. Augusta Blvd in Austin could be for you. Built in 1911, the first floor loft has exposed brick and timber ceilings. […]

The Cheapest Priced 2/2 in The Heritage: 130 N. Garland in the Loop

We haven’t chattered about The Heritage at 130 N. Garland in the Loop in awhile. Built in 2005, the building was extremely popular when it first started closings due to its proximity to Millennium Park and the protected east views of the Lake. It also has an amazing indoor swimming pool and workout room. Current statistics on […]