Archive for February, 2010

Cash Only Buyers Please at 3535 N. Wilton in Lakeview

This 2-bedroom unit at 3535 N. Wilton in Lakeview is currently listed as a short sale. On the market since September 2009, the price has recently been cut again. Don’t expect to finance the deal as the listing says: “cash only buyers.” It also describes “anticipated” future special assessments between $25,000 and $50,000. Oh, and $2500 is […]

When a Vintage Home Can Also Feel Modern: 3300 N. Lake Shore Drive in Lakeview

This 2-bedroom unit in 3300 N. Lake Shore Drive is in one of the elegant 1920s high rise buildings that line the lake shore. It has been renovated to its original vintage grandeur with modern updates. I don’t mean that the kitchen has been “updated” with cherry cabinets and granite counter tops. Instead, in keeping with the era […]

Market Conditions: What Happens When Prices Are Slashed in Your High Rise- Part II: 222 E. Pearson

We’ve already chattered about what happens to original owners in a high rise condo building after an auction when units sell at  lowered prices which then sets the bar for prices in the entire building. Original owners in 222 E. Pearson, otherwise known as Pearson on the Park, in Streeterville are also about to find out […]

Would You Rent from the Bank? 400 W. Deming in Lincoln Park

This is the first time I’ve seen the bank actually try and rent out a unit it now owns at the same time they’re apparently going to try and sell it. This 1-bedroom unit at 400 W. Deming, in the historic Marlborough, which is literally right on Lincoln Park, recently came on the market as a […]

2010 Starts Off With Aggressive Price Cuts at 2015 W. Fullerton in Bucktown

We’ve chattered about this 3-bedroom unit at 2015 W. Fullerton in Bucktown with its own private elevator several times in the last year. See our October 2009 chatter and pictures here. Originally called “renaissance interiors” in the original listing and then in “pre-foreclosure”, in 2010 the price cuts are getting more aggressive. It has been reduced $309,100 […]

A 2-Bedroom Short Sale With All the Bells and Whistles in Albany Park: 3222 W. Eastwood

This 2-bedroom at 3222 W. Eastwood in Albany Park has all the bells and whistles that buyers look for in a condo. The unit has central air, in-unit washer/dryer, two bathrooms, a deeded parking space, and even a large deck off the back. The top floor unit is also a short sale and is now […]

On the Market a Year and Finally Under Contract: 4327 N. Damen in North Center

This 2-bedroom unit at 4327 N. Damen in North Center (or is this Lincoln Square?) was part of the condo conversion mania that swept the north side in 2006. It has the kitchen of that era: cherry cabinets, granite counter tops and stainless steel appliances. The unit also has all the amenities buyers look for […]

4-Bedroom Duplex in Irving Park Still Available 7 Months Later: 3500 W. Irving Park

We last chattered about this huge 4-bedroom new construction duplex at 3500 W. Irving Park in Irving Park in August 2009. See our prior chatter and pictures here. It is still available and has been reduced only $5,000. It has all the bells and whistles of new construction, with 10 foot ceilings and a new kitchen with […]

Market Conditions: Will 2013 Be the Magic Year for the Bottom of the Chicago Housing Bust?

Crain’s must be reading our minds (or this blog) because this week it covers the very topic you all have been debating: when the Chicago housing market will bottom and/or recover. Chicago-area existing-home sales will begin rising again in 2011, hitting about 95,000 units in 2013, according to a forecast by Irvine, Calif.-based John Burns […]

Trying to Sell for More than the 2005 Purchase Price: 1657 W. Carmen in Andersonville

This 3-bedroom single family home at 1657 W. Carmen is only a few blocks away from the shops and restaurants of Andersonville. Originally listed last October, it has recently returned to the market. The vintage Victorian home has a renovated kitchen with stainless steel appliances and granite countertops. Two of the three bedrooms are on the […]