Archive for January, 2010

Pre-Foreclosure Price for a Junior 1-Bedroom in Uptown: 4250 N. Marine Drive

This junior 1-bedroom in the Imperial Towers at 4250 N. Marine Drive in Uptown has been on the market since June 2009. The Imperial Towers complex was built in 1963 and has 860 units. The property has recently become a “pre-foreclosure” listing, with the bank willing to take $109,000. The unit does not have central […]

Market Conditions: 3 Condo/Apartment Towers Proposed for Uptown in a “Once in a Lifetime” Opportunity

A few months ago I said it would be at least a decade before another condo high rise was built downtown but apparently building them outside of downtown is a different matter. According to Crain’s, a Chicago developer is proposing a massive $350 million project just north of Montrose in Uptown. Sedgwick Properties Development Corp., […]

55% Under the 2005 Purchase Price in Buena Park: 732 W. Bittersweet

This studio condo at 732 W. Bittersweet in the Buena Park neighborhood of Uptown has been on the market since last March and is now listed about 55% under the 2005 purchase price. The vintage building was converted into condos in 2005. It doesn’t have central air (room units only) but it does have hardwood […]

Deal of the Week in the Gold Coast? 1445 N. State Parkway

This 2-bedroom unit at 1445 N. State Parkway in the Gold Coast has been on the market since June 2009. Despite price reductions that now total $70,000, it has yet to sell. It is the cheapest 2-bedroom on the market in its building. Other 2-bedroom units have sold in the last 6 months for over […]

Market Conditions: Chicago December Sales Jump 39.8% Year Over Year; Median Price Slide Continued

Sales in Chicago rebounded in December from the dismal December 2008 number but median price fell 10.6%. From the Illinois Association of Realtors: In the city of Chicago, December total home sales (single-family and condominiums) were up 39.8 percent to 1,768 sales compared to 1,265 homes sold in December 2008. The city of Chicago median […]

Live in a Victorian Storefront: 2075 N. Oakley in Bucktown

This large 3-bedroom duplex down at 2075 N. Oakley in Bucktown is located in the part of a Victorian building which used to be the first floor storefront. It still appears to have the vintage tin ceiling (or something that looks like a vintage tin ceiling) on the main floor. All three bedrooms are on the main […]

Get a Loft With Your Own Private Garage: 1703 W. Terra Cotta in Lincoln Park

This 2-bedroom unit at 1703 W. Terra Cotta in West Lincoln Park is described in the listing as a “soft loft.” It has 12 foot high ceilings and pillars which makes it pretty lofty to me. The 7 foot high windows stretch the length of the unit. It has the unusual feature of having its […]

Does Parking Matter? 2123 N. Kenmore in Lincoln Park Returns and is Now Bank Owned

This 3-bedroom unit at 2123 N. Kenmore in Lincoln Park originally became the poster child for the question “does parking matter?” in May 2008. See our May 2008 chatter and the 2008 interior pictures here. The unit has seemingly everything except the deeded parking space, including a washer/dryer in the unit and central air. We chattered […]

1 Year Later and Still Selling in a Luxury High Rise: 50 E. Chestnut in the Gold Coast

We last chattered about this 3-bedroom unit at 50 E. Chestnut in the Gold Coast a year ago, in January 2009. See our prior chatter here. At the time, it had come on the market only 9 months after it was purchased. 50 E. Chestnut is an exclusive new construction high rise with only 1 […]

Ravenswood Manor Single Family Home Near the River Sells: 2717 W. Windsor

We chattered about this 3-bedroom stucco home at 2717 W. Windsor in Ravenswood Manor in September 2009. See our prior chatter and pictures here. The house was built in 1900 and had a professionally landscaped yard along with a 2-car garage. It had hardwood floors throughout and beamed ceilings. The large attic was “awaiting the […]