Archive for May, 2010

2007 2-Bedroom Conversion in Short Sale in Ravenswood: 1625 W. Ainslie

This 2-bedroom converted vintage condo at 1625 W. Ainslie in Ravenswood recently came on the market as a short sale. At 1090 square feet, it has two balconies, including one off the living room and one off the bedroom. It also has all the bells and whistles buyers would be looking for, including central air […]

A Bank Owned 2-Flat Within Blocks of U.S. Cellular Field: 3550 S. Parnell in Bridgeport

This bank owned vintage 2-flat at 3550 S. Parnell in Bridgeport recently came on the market. It appears to have a lot of the bells and whistles a landlord might be looking for in a rental property. Built in 1891, the 2 unit building consists of the following: Unit #1: 3 bedrooms, 1 bath Unit […]

80% Off the 2007 Price in East Humboldt Park: 1216 N. Rockwell

This bank-owned 3-flat at 1216 N. Rockwell in East Humboldt Park (also known as West Town in the MLS) is currently listed for 80% under the 2007 purchase price. There are no interior pictures so we don’t know the condition of the units. The building was built in 1878. Here are the unit sizes: Unit […]

Want a Lincoln Park Townhouse for the Price of a Condo? 648 W. Willow

This fee simple townhouse at 648 W. Willow in Lincoln Park was built in 1982. Therefore, its layout is a little different than what you would find in townhouse construction today. It has numerous levels with the living room and the kitchen on the main level and the dining room and great room on the […]

Flip This Luxury Condo: The Elysian at 11 E. Walton

We’ve chattered about a bunch of flippers recently who have been buying foreclosed condos and single family homes on the cheap and then attempting to flip them (sometimes without any renovations.) Some have been successful, some have not yet sold. But now there is apparently a new breed of flipper: the luxury condo flipper. Crain’s […]

Our Favorite River North Terrace Sells…Again: 375 W. Erie

You don’t see many terraces like the one at this penthouse loft unit at 375 W. Erie in River North. We’ve chattered about it several times as it sold in August 2008 and then returned to the market in March 2010. See our original January 2008 chatter from the first sale and pictures here. It has […]

Selling a Penthouse 5 Years Later in West Town: 1700 W. Chicago

This 3-bedroom penthouse unit at 1700 W. Chicago in West Town has been on and off the market since September 2008 and has had several reductions. It is currently listed for $33,100 under the 2005 purchase price. Converted into condos in 2002, the unit has 3 decks, all with skyline views. The kitchen has stainless […]

It Was a Deal in 2007 and Now 3 Years Later? 3024 N. Sheffield in Lakeview

This post is for G who requested a special category be created over 2 years ago called “knife catchers” so we could track this property at 3024 N. Sheffield in Lakeview which was mentioned in an article in Smart Money Magazine about taking advantage of declining home prices in March 2008. See our March 2008 chatter […]

The “Castle” on the Kennedy Comes on the Market: 3721 N. Parkview Terrace

Several of you pointed out to me that the “Castle” on the Kennedy- or actually- 3721 N. Parkview Terrace in Irving Park, which is easily seen from the Kennedy, has just come on the market. It was also highlighted in this weekend’s Chicago Tribune Elite Street column. Rudy Acosta, the onetime head of a Chicago […]

The Lincoln Park Vintage Cottage Under $800,000: 1833 N. Sheffield

This 3-bedroom vintage cottage house at 1833 N. Sheffield in Lincoln Park has seen its price double every 11 years since 1988 . . . until now. Built in 1902, two of the bedrooms are on the second floor and the third bedroom is being used as a family room with views to the landscaped garden. […]