Archive for September, 2009

Live Near the River in Ravenswood Manor: 2717 W. Windsor

This 3-bedroom stucco home at 2717 W. Windsor is one of the rare single family homes to come on the market near the Chicago River in Ravenswood Manor. It is also just a few blocks from the Brown Line and a short stroll over to the shops in Lincoln Square. The vintage home which was built in 1900 […]

Bank Owned 2-Bedroom in East Lakeview: 747 W. Cornelia

This 2-bedroom vintage unit at 747 W. Cornelia in East Lakeview just came on the market. It is bank owned and listed $37,500 under the 2006 purchase price. Looks like it was a 2006 conversion. It has hardwood floors, a sunroom, and a porch. The unit has all the bells and whistles you’d expect out […]

Got Cash? Bank Owned 2-Bedroom in Logan Square: 2159 N. Stave

This bank owned 2-bedroom unit at 2159 N. Stave in Logan Square is another property that needs some completion before you can move in. The listing says the unit has been “brought to drywall.” No HOA is in place for the building, which appears to be 2 units. According to the listing, you also can’t […]

Lincoln Park Townhouse Reduces Another $29K: 1616 N. Larrabee

We’ve chattered about this Lincoln Park townhouse at 1616 N. Larrabee with the great outdoor patio several times. Last June, it had been reduced a total of $80,000. See our June chatter and pictures here. But it’s still on the market and has recently been reduced another $29,000. This is a fee simple townhouse so there […]

Market Conditions: Will Renting and Owning Ever Reach Parity in Chicago?

This question was posed to me by a reader and I thought it was a good topic to simply put out there to discuss over the long weekend. I am looking to buy a condo in the south loop, and am currently renting an apartment in the same neighborhood. As most of your readers may […]

2-Years Later and the Bank Still Owns It: 10829 S. Wood in Morgan Park

This 6-bedroom vintage single family home at 10829 S. Wood in the Morgan Park neighborhood on the South Side became bank owned in June 2007. It has been on the market since November 2008. The bank has been following the market down ever since. It is now priced just $20,000 over the 1992 purchase price. The […]

We Love Authentic Lofts: Brick and Timber on the Drive: 540 N. Lake Shore Drive

540 N. Lake Shore Drive in Streeterville is the only loft building located directly on Lake Shore Drive in the city. Converted into condos in the early 1990s, before the condo craze, the brick and timber units are extra large. This south facing 1-bedroom unit is 1128 square feet and has 12-foot ceilings. Do you have […]

Short Sale Alert: New Construction Modern Mansion in Wicker Park: 1549 N. Honore

This 4-bedroom new construction modern single family home at 1549 N. Honore in Wicker Park has been on the market since May. It is now in short sale and has been reduced by $699,000. According to the pictures and the listing, the home is not completed. The listing says three appraisals have said it would […]

Back On the Market 11 Months Later But Reduced $45K: 8 E. Randolph in the Loop

We last chattered about this 30th floor 2-bedroom unit in 8 E. Randolph, otherwise known as MoMo or Joffrey Tower, depending on who you ask, in the Loop in October 2008 when it was being flipped. See our prior chatter and pictures here. Unit #3008 never sold and has now returned to the market reduced by […]

3-Bedrooms Under $400,000 in West Town: 1624 W. Ontario

Trying to find space under the conforming loan limit? This 3-bedroom tri-level unit at 1624 W. Ontario in West Town is listed under $400,000 and that includes an attached parking space. It has 2-story windows, stone baths, and two outdoor spaces. The kitchen has stainless steel appliances. It’s also listed $6,000 under the 2005 purchase price. Is this […]