Archive for October, 2009

Market Conditions: Chicago Tribune: High End Homes Sitting With No Buyers

The Chicago Tribune reported over the weekend what Crib Chatter readers have known for over a year: the upper bracket market is dead. And now there’s a glut of million dollar homes with no buyers in sight. From the Tribune: In Oak Brook, it’s a $5.75 million stone castle. In Burr Ridge, it’s a Middle […]

A Brick Loft in a Popular Loft Building: The Donohue Annex at 727 S. Dearborn in Printers Row

There are two Donohue loft buildings on South Dearborn in Printers Row. We’ve chattered about them both. The Donohue Annex, at 727 S. Dearborn, is smaller and has concrete ceilings, not the timber found in the next door Donohue building at 711 S. Dearborn. This is a big selling feature in this building for those concerned about […]

Foreclosed Penthouse in The Caravel Sells: 635 N. Dearborn in River North

Remember the bank-owned duplex penthouse unit in The Caravel, at 635 N. Dearborn, in River North? We had a discussion of what it would take to bring it back to life and whether or not it was a deal back in April 2009. See the prior chatter about the unit here (sorry- no pictures included- […]

Short Sale Alert: 2-Bedroom Under the 2003 Price at 323 W. Schiller in Old Town

This 2-bedroom unit at 323 W. Schiller in Old Town has been on the market since June 2009. It’s a short sale and has now been reduced $60,000. It is listed $83,500 under the 2005 purchase price and also listed under the 2003 purchase price. The unit has hardwood floors throughout, granite counter tops and […]

1-Year Later, Vintage Beauty on the Drive Reduces Again: 3400 N. Lake Shore Drive in Lakeview

We’ve chattered about this 3-bedroom vintage unit at 3400 N. Lake Shore Drive twice in the last year. See our last chatter in May 2008 here. Since October 2008, it has been reduced by $102,000. It is now listed just $9,000 over its 2006 purchase price. If you recall, this unit is unique because it […]

Trying to Re-Sell in 235 W. Van Buren in the Loop

235 W. Van Buren started closings at the beginning of June 2009. The new loop high rise near the Willis Tower has about 714 units. The developer currently has 14 model homes available for viewing because of the numerous floorplans. According to public records the current building stats are (out of 714 units): 136 units […]

Unique Contemporary Townhouse in Ravenswood: 1757 W. Sunnyside

Want a townhouse but don’t want a plain square box? This 2 bedroom townhouse at 1757 W. Sunnyside in Ravenswood has unique features as it looks like it was built in an existing industrial building when originally converted in 1995. The 4-story unit has a two car garage and a family room on the first […]

A Custom Built Home in the Sky: 200 N. Dearborn in the Loop

This 3-bedroom unit at 200 N. Dearborn in the Loop was originally two units that were combined into one big 1800 square foot unit. Although the building was built in 1989, and was apartments until recently, you might not know it when you’re inside this home. Forget the standard cherry cabinets and granite counter tops. The […]

2-Years Later, Mies Van Der Rohe 1-Bedroom Sells: 880 N. Lake Shore Drive

We last chattered about this renovated 1-bedroom unit in the Mies Van Der Rohe designed 880 N. Lake Shore Drive two years ago- in October 2007. See the pictures in our October 2007 chatter here. Back then, it was just about to be featured on HGTV’s “Small Space, Big Style”. The unit has Brazilian slate […]

They Don’t Build Them Like This Anymore: 739 W. Brompton in Lakeview

Forget new construction. They really knew how to build them back in 1924 as they did with this elegant building at 739 W. Brompton in Lakeview. An extra wide unit, at 28 feet, just came on the market.  It has a full-sized dining room as well as a sunroom. Yes, that is a wood burning fireplace, with antique mantle, […]