Archive for August, 2010

Market Conditions: Reuters: Mortgage Fraud Escalating in Back of the Yards

We have only briefly chattered about any properties in the Back of the Yards neighborhood which is not far from downtown on the Southwest side. But like other city neighborhoods, it is seeing its cases of foreclosures. With the foreclosures, however, has come a new breed- the mortgage fraudsters. Reuters UK shows just how easy […]

Market Conditions: The Luxury High Rise 2520 N. Lakeview in Lincoln Park Gets Financing

Nearly everyone has heard the tv and radio advertisements for the new construction luxury high rise at 2520 N. Lakeview in Lincoln Park over the last several years. Left for dead, Crain’s and other news outlets are reporting that the development has found financing and construction will move forward. A development venture backed by the General […]

Renovated 1920s Beauties in Uptown: 4529 N. Malden

This 2-unit 1920 vintage building at 4529 N. Malden in Uptown was recently renovated and its vintage beauty restored. They just don’t build them like this anymore. Both units are over 2000 square feet and have 3 bedrooms and 2.5 baths on a 54×144 lot.  They have central air, in-unit washer/dryers and 2-car parking each. […]

Market Conditions: Downtown Condo Sales Sink in the Second Quarter

Appraisal Research is out with the numbers for new construction downtown condo and townhouse sales in the second quarter. Sales have fallen 52% compared to a year ago but have also declined sharply compared to the first quarter of 2010. Second quarter 2010: 150 sales Second quarter 2009: 313 sales First quarter 2010: 256 sales From […]

Bank Owned 4-Bedroom Condo at 45% Off 2005 Purchase Price: 3722 N. Wilton in Lakeview

This 4-bedroom duplex up unit in an 1890 vintage Victorian at 3722 N. Wilton in Lakeview just came on the market. It is bank owned and priced about 45% under the 2005 purchase price. The listing says it needs “some TLC.” From the listing, the kitchen looks intact. There are 41 inch beech cabinets, granite counter tops […]

Live in the Heart of the Bucktown Action in this 2-Bedroom: 2052 W. North

This 2-bedroom at 2052 W. North Avenue in Bucktown is just steps away from restaurants and the Blue Line el stop. The building was built in 2004 and has 8 units. It has an interesting parking set-up in that only 3 of the parking spaces are covered and all the rest are uncovered. The listing says the building also […]

Selling One Year Later in The Columbian: 1160 S. Michigan in the South Loop

We’ve chattered about The Columbian, at 1160 S. Michigan, many times over the last few years. The building has not sold out even though closings began in 2007. Recently, there were price cuts on some of the remaining units. This 2-bedroom on the 27th floor, Unit #2702, is the cheapest 2 bedroom currently on the market […]

Lakeview Single Family Cottage Home Sells for $377K: 3041 N. Honore

We last chattered about this 2-bedroom cottage home at 3041 N. Honore in Lakeview in June 2010.   See our June 2010 chatter here. It recently sold for $67,000 over the 2003 purchase price. The house had no garage or parking (street parking only) as it abutted the Metra train tracks. It did have central […]

Looking for “New” in Andersonville? The 3-Bedroom Vintage Conversion at 5300 N. Paulina

This 4 unit vintage building at 5300 N. Paulina in Andersonville was recently gutted and converted into condos. All of the units are 3 bedrooms/2 baths and include one parking space. They have been renovated with upscale finishes including marble in the master suite baths. The kitchens have Viking and Bosch appliances and granite counter tops. The units […]

Market Conditions: Foreclosures Up 36.5% in Cook County in July YOY

RealtyTrac just released data on Illinois foreclosures for July. Statewide, foreclosures were up 35% to 19,602, the highest jump in the nation. However, last year, Illinois apparently had a 90-day grace period where there could be no foreclosure (which has since expired) so this messed with the 2009 numbers. 1 in every 269 housing units […]