Archive for November, 2009

Foreclosure Alert: Is River North the Better Deal? 33 W. Ontario

We’ve chattered about the distress sales at the Millennium Centre at 33 W. Ontario in River North numerous times before. This recently listed bank owned 50th floor 2-bedroom unit has unobstructed views, hardwood floors, cherry cabinets and granite countertops in the kitchen. From the pictures, it appears that the stainless steel appliances and the washer/dryer are still […]

Live in the Shadow of Soldier Field in the South Loop: 1515 S. Prairie

We’ve been chattering quite a bit about the South Loop recently. This 2-bedroom corner unit at 1515 S. Prairie has been on the market since September 2009. It is the lowest priced 2/2 in the building. It has city views, hardwood floors, and stainless steel appliances and granite countertops in the kitchen. The unit has […]

Condo/Hotel Short Sales Appear in Trump Tower: 401 N. Wabash in River North

Crain’s reported yesterday that two short sales have appeared in Trump Tower at 401 N. Wabash in River North in the hotel/condo section of the building. The investors who bought the two units from the developer last year are trying to sell them at steep discounts through so-called short sales, or for less than the […]

Why Rent When You Can Buy an Authentic Loft: 226 N. Clinton on the Near West Side

This 1-bedroom loft at The Clinton Street Lofts at 226 N. Clinton on the Near West Side (or is that the Fulton Market neighborhood?) has been reduced by nearly $40,000 since July 2009. It has 15 foot timber ceilings, exposed brick, and diagonal hardwood floors. It also has central air, a washer/dryer in the unit and […]

Live in One and Rent Out the Other: 2552 W. Iowa in West Town

Many buyers are looking for a multi-family house such as this one at 2552 W. Iowa in West Town where they can live in one unit and rent out the other. The 2-unit house has 4 bedrooms and 2 baths, with each unit having 2 bedrooms and 1 bath each. It still retains some of its vintage […]

The Elusive Lakeview SFH Under $400K Is Still Available 7 Months Later: 3442 N. Paulina

Last May, we chattered about what was then (and still is) one of the cheapest single family homes for sale in Lakeview at 3442 N. Paulina. Check out our prior chatter here. Back in May, this 2-story home built in 1888 was listed at $399,500 and had gone under contract in 3 days. The old listing said […]

Checking In On 3024 N. Sheffield in Lakeview 20 Months Later

Long time readers may recognize the address at 3024 N. Sheffield in Lakeview. 20 months ago we chattered about this Smart Money Magazine article which described buyers who were purchasing in late 2007/early 2008 who thought they were getting “deals”. See our prior interesting, and long, chatter here. Here’s a refresher from the March 2008 article: […]

6-Bedroom Single Family Home Reduced by $550K: 1833 W. Melrose in Roscoe Village

We last chattered about this custom built home at 1833 W. Melrose in Roscoe Village in June 2009. See our prior chatter and pictures here. Since June, the home has been reduced by $550,000 and is now a “short sale.” The 6-bedroom house has extensive detailing including crown molding, wainscotting, double 8′ solid doors and […]

Market Conditions: Did the Auctions Signal a Price Bottom?

Crain’s reported yesterday on the two South Loop condo auctions over the weekend that we all have been chattering about the past few days. In a nutshell: more than 60 condos sold at the two auctions at prices reduced anywhere from 27% to 45% off the last asking price. “It’s a declaration that the market […]

Living in a Vintage Rowhouse: 1854 N. Lincoln in Old Town

You can get a peek at what living in a vintage rowhouse in Old Town is like in this 1-bedroom condo at 1854 N. Lincoln. The unit is a high first floor with a remodeled kitchen and bath and a private entry. According to the listing, the kitchen has top of the line appliances in Fisher Paykel, Bertazzoni, and Bosch […]