Archive for November, 2009

Bank Owned 2-Bedroom Sells at 1601 S. State in the South Loop

We last chattered about this 2-bedroom bank owned unit at 1601 S. State in the South Loop in October 2009. See our prior chatter and pictures here. The unit, Unit #3H, recently sold for $54,000 under the original listed price. It also sold for well under the recent sales price of Unit #5H, which had parking included, […]

Flipper Alert: First Flip Appears in The Legacy: 60 E. Monroe in the Loop

The first flip has appeared in The Legacy at 60 E. Monroe as well as the first interior pictures. This 1 bedroom plus den closed just 7 days ago for $417,453 and already is back on the market for $499,000 (parking is extra.)  I don’t know if the original close included the parking space. From […]

Open Discussion on the Auction at 1400 S. Michigan in the South Loop

Anyone go to the auction at 1400 S. Michigan? (You know who you are.) Please let us know what happened (number of units that sold, selling prices etc.) Thanks!

Open Discussion: Auction at the Motor Row Lofts: 2303 S. Michigan

Anyone go to the auction at 2303 S. Michigan, the Motor Row Lofts, today? Please let us know the details (number of units sold, prices etc.) Thanks!

Mag Mile 2-Bedroom With Views Reduced Over $1.9 Million: 950 N. Michigan

We last chattered about this 2-bedroom unit at 950 N. Michigan in June 2008. See our prior chatter here. Since then, it has been reduced by $1,949,900. There is also furniture in the unit now whereas before it was completely empty. The condo has been renovated and has walnut floors, stone bathrooms (make sure you check […]

Bank-Owned Multi-Unit Sold for $515,000 Under 2006 Price: 3510 N. Ashland in Lakeview

We chattered about this bank-owned multi-unit building at 3510 N. Ashland in Lakeview several times. See our September 2009 chatter and pictures here. It finally sold in September 2009 for $515,000 under the 2006 purchase price but above the 2003 price. We’ve debated if this made sense from an investment point of view. Apparently, the […]

Market Conditions: Foreclosure Filings Jump 67% in Cook County in October Year-Over-Year

Illinois had the dubious distinction of being 3rd in the nation in October for the number of foreclosure filings with 19,946, the highest monthly total since January 2005. It beat out states such as Michigan, which ranked 7th. One in every 263 homes in Illinois received a filing. In Cook County, the closest set of […]

Live Above the Stables in Kenwood: 4935.5 S. Greenwood

A 3-bedroom coach house just came on the market at 4935.5 S. Greenwood in Kenwood. Designed by Daniel Burnham, the 4400 square foot residence has a 3 bedroom apartment on the second floor and stables and a former carriage area on the first floor. The listing says it could be additional living space or kept […]

11 Months Later and Now Under Contract: 2031 W. Evergreen in Wicker Park

We last chattered about this 2-bedroom unit at 2031 W. Evergreen in Wicker Park in June 2009. See our prior chatter and pictures here. Originally listed in December 2008, it is finally under contract after being reduced by nearly $50,000. It seemed to have it all including 1o-foot ceilings, stainless steel and granite in the […]

2-Bedroom Loft in River North in Short Sale: 333 W. Hubbard

We’ve chattered about Union Street Lofts at 333 W. Hubbard in River North several times in the past. The complex has two buildings, the authentic brick and concrete loft building that overlooks the Merchandise Mart and the newer building with high ceilings and exposed ductwork but no exposed brick or concrete features at the front […]