Archive for May, 2010

An East Village Single Family Home Now Under $500K: 832 N. Marshfield

We last chattered about this 3-bedroom single family home at 832 N. Marshfield in the East Village neighborhood of West Town in March 2010. See our prior chatter and pictures here. We compared it with a duplex condo of similar size which would also probably list for around a similar price. Many of you thought […]

The Barn in North Center is Still Available and Now a Short Sale: 4309 N. Bell

This 3-bedroom property at 4309 N. Bell in North Center (or is this Lincoln Square???) doesn’t just look like a barn from the outside- it truly is one. We last chattered about it in September 2009. It is still available and is now reduced another $40,000 and is now a short sale. See our September […]

Is $199,900 the New Market Rate for 1-Bedrooms in River North? 2 E. Erie

This bank owned 1-bedroom at 2 E. Erie in River North is now listed at what seems to be the going rate for these conversion 1-bedrooms: $199,900. This high rise was built in 2002 and was originally, I believe, supposed to be apartments but was converted in 2005 into condominiums. The unit has carpeting throughout. The kitchen has white […]

Selling for Under the 2005 Price on Tree-Lined Burling: 2861 N. Burling in Lakeview

This 2-bedroom vintage unit at 2861 N. Burling in Lakeview has been reduced by about $30,000 since it first came on the market in March. It is also now listed for $15,000 under the 2005 purchase price. The unit has the all important deeded parking, which is fairly unique in this neighborhood. It is also […]

Market Conditions: April Sales up 41.1% in Chicago; Median Price Also Rises

The Illinois Association of Realtors announced the April home sales results this morning: In the city of Chicago, April total home sales (single-family and condominiums) were up 41.1 percent to 1,985 sales compared to 1,407 homes sold in April 2009, the eighth consecutive month of year-over-year sales gains. The city of Chicago median price in […]

Market Conditions: Where Do Chicago Home Prices Go From Here?

The Chicago Tribune discusses the fate of Chicago area home prices now that the government stimulus has come to an end. Now that the government tax giveaway has ended, watch for the market to level off or dip through the summer. A housing recovery depends on the economy bouncing back, and by most forecasts the buying and […]

We Love Authentic Lofts With Terra Cotta Ceilings: 190 E. Cullerton in the South Loop

This 1-bedroom loft at 190 E. Cullerton in the South Loop is in the Bank Note Place building. Built in 1902, it has some unique features including a ton of exposed brick walls and terra cotta ceilings (which can best be seen in the picture of the bedroom of this unit.) It is also listed […]

Your Hot Tub on Game Day Still Awaits: 1131 W. Addison in Lakeview

We last chattered about this 3-bedroom penthouse condo at 1131 W. Addison right across from Wrigley Field just two months ago. See our March 2010 chatter and pictures here. Back then, there was still snow on the mind. But now that baseball season is in full swing, it’s not too late to enjoy your private rooftop terrace […]

Flip This House: Renovated Montclare Cottage Under $230K: 2741 N. New England

There has been a lot of single family house flipping going on in the outer neighborhoods such as this 4-bedroom at 2741 N. New England in the Montclare neighborhood. The listing says it’s been completely remodeled. The kitchen now has all the new construction bells and whistles including dark maple cabinets, granite counter tops, stainless […]

A Loft With Its Own Private Garage Returns: 1757 W. Altgeld in Lincoln Park

We last chattered about this 2-bedrooms loft with its own private entrance and garage at 1757 W. Altgeld in Lincoln Park in January 2010. See our January 2010 chatter and pictures here. Without the snow, and with the ivy and lush greenery of the front garden, this property looks like a completely different building. (It […]