Archive for June, 2010

Market Conditions: May Chicago Home Sales Rebound 32.1%; Median Price Rises

It’s that time of the month again to get the data about the state of the market from the Illinois Association of Realtors. In the city of Chicago, May total home sales (single-family and condominiums) were up 32.1 percent to 2,057 sales compared to 1,557 homes sold in May 2009, the ninth consecutive month of […]

Bank Owned 4-Bedroom Duplex for Under $400K: 400 E. Randolph in Lakeshore East

This unique 4-bedroom 4-bath duplex unit at 400 E. Randolph in Lakeshore East, or the Millennium Park neighborhood, just came on the market. It is bank owned and the listing says “attention investors and rehabbers!” Each floor has two bedrooms and two baths. It appears two 2/2 units were combined with a circular staircase. There […]

Your London Rowhouse Awaits: 3825 N. Alta Vista in Lakeview

This 6-bedroom rowhouse at 3825 N. Alta Vista just came on the market and is one of the larger ones we’ve chattered about on historic Alta Vista in Lakeview. The street is loved by many for its vintage rowhouses all built around the turn of last century and meant to mimic London rowhouses. It is a […]

Selling $55,000 Below the 2004 Purchase Price: 530 N. Lake Shore Drive in Streeterville

This large 1-bedroom condo at 530 N. Lake Shore Drive in Streeterville has been listed on and off since November 2009. It is now priced $55,600 under the 2004 purchase price. 530 N. Lake Shore Drive was completed in 2003/2004. The unit is a large one bedroom at 1050 square feet and has 1.5 baths. It has […]

1-Bedroom Returns As An “As-Is” Sale: 240 E. Illinois in Streeterville

We last chattered about this 1-bedroom unit in the Fairbanks at City Front Plaza at 240 E. Illinois in Streeterville in August 2008 when it appeared to be the first unit to have a lis pendens filed against it. See our August 2008 chatter here. Back in August 2008, we were still chattering about flips […]

What’s Selling in Southport? A 2-Bedroom at 1433 W. Addison

This 2-bedroom unit at 1433 W. Addison in a prime area of Southport went under contract just as the tax credit was expiring and just closed (in time for the end of June deadline in order to cash in on the credit.) It was a top floor 2/2 with a balcony. Converted in 2006, it […]

Flipper Alert: 2-Bedroom Gold Coast Townhouse Returns: 820 N. Dearborn

We chattered about this 2-bedroom three story Gold Coast townhouse at 820 N. Dearborn in 2009. See our July 2009 chatter here. Back in 2009, it was bank owned and sat on the market for 7 months before finally selling in November 2009. Many of you thought it wouldn’t even fetch $400k (and were right). It […]

2-Bedroom Loft in River North Boutique Building Returns to the Market: 154 W. Hubbard

We first chattered about this 2-bedroom authentic loft at 154 W. Hubbard in River North in November 2008 when it was the “first re-sale” in the mid-rise loft building. See our November 2008 chatter here. It was removed from the market in 2009 but has now returned and is priced just $10,000 under the 2008 […]

A Perfect Starter Property in Irving Park? 3304 W. Cullom

This 2-bedroom unit at 3304 W. Cullom in Irving Park is larger than most condos you would find closer to the lake at this price point. With hardwood floors throughout except the kitchen, it has plenty of space including a separate dining room and sunroom. The kitchen has maple cabinets, granite counter tops and white […]

More Developer Price Reductions: The Mondial at 910 W. Huron in River West

The Mondial at 910 W. Huron in River West was completed in 2009. The developer just cut prices by 10% to 30% on the units. There are 141 units in the building. It looks like there have not yet been any closings. Here are the price reductions: Lofts: Were at $249,000 and are now starting […]