Archive for May, 2010

Market Conditions: Landlording Not As Easy As It Seems

All the housing blogs are talking about this article in the Chicago Tribune discussing unintentional landlords. When Ed Amaya put his Oak Park bungalow up for sale in mid-2007, homes in his neighborhood sold in a matter of days, weeks at the most. We had some showings; got close to a deal,” recalled Amaya. But as […]

Custom Mansion Reduces $200,000 in Lincoln Park: 1728 N. Cleveland

We last chattered about this 6-bedroom home at 1728 N. Cleveland in February 2010. See our prior chatter and pictures here. The house had come on the market less than 2 years after its prior sale for $464,000 more than the 2008 purchase price. It has now been reduced by $200,000. The 6,500 square foot […]

We Love Authentic Lofts: Duplex Up With Brick in the West Loop: 203 S. Sangamon

This 2-bedroom duplex-up loft at the Beacon Lofts at 203 S. Sangamon in the West Loop is located in the heart of the West Loop dining scene and is just a few blocks west of Greektown. When it was converted into 48 duplex lofts in 1998, this building was in no-man’s land with empty lots […]

Nearly 2 Years Later Shepard’s Cottage Finally Under Contract in Bucktown: 2243 W. Homer

We first chattered about this 2-bedroom shepard’s cottage at 2243 W. Homer in Bucktown in October of 2008 but it has been on and off the market since June of 2008. See our prior chatter and pictures here. It has now been reduced by $130,100 since June 2008. It was just re-listed and went under […]

Vintage Unit With All the Modern Amenities Still Available in East Lakeview: 522 W. Oakdale

We last chattered about this 2-bedroom at 522 W. Oakdale in East Lakeview about 2 months ago- in March 2010. See our prior chatter and pictures here. It is still available and still listed for the same price as in March- which is $39,600 under the 2006 purchase price. This unit has all the bells […]

Loft-like Duplex Up Reduced in Lincoln Park: 1866 N. Halsted

We last chattered about this 3-bedroom unit at 1866 N. Halsted in Lincoln Park in December 2009. See our prior chatter and pictures here. We had an interesting chatter about the big size of the unit (it has more square footage than some single family homes) and if lack of deeded parking would hurt the […]

2-Bedroom Returns to the Market “Completely Renovated”: 635 N. Dearborn in River North

This 2-bedroom unit in The Caravel at 635 N. Dearborn in River North was bank owned in July 2008. It then sold from the bank in 2009 for $137,000 under the 2003 purchase price. It has now returned to the market and the listing says it is “completely renovated.” The master bathroom, for instance, has […]

A Renovated 1-Bedroom in Edgewater at 1048 W. Catalpa

This 1-bedroom unit at 1048 W. Catalpa in Edgewater was bank owned last year. It sold in September for $23,500 under the 1994 purchase price. We don’t know the condition of the unit in the 2009. The seller now is asking $152,400 more than the 2009 purchase price. The current listing says “everything is new.” […]

We Love Roof Top Decks: Penthouse Unit at 701 S. Wells in the South Loop

We chattered about this 4-bedroom penthouse unit in Wells Street Tower at 701 S. Wells in the Printers Row neighborhood of the South Loop a year and a half ago. See our September 2008 chatter and pictures here. Since then, the unit has been reduced by $230,000. At 4,000 square feet, it also has a […]

Live on Lincoln Park and Take in the Views: 2500 N. Lakeview

This 2-bedroom penthouse unit at 2500 N. Lakeview in Lincoln Park has views of the park, the lake and just about everything in between from its wrap-around windows. The listing says it is the only floor in the building with 10 foot ceilings. There are white marble floors in the living area and carpet in the […]