Archive for August, 2010

Have Your Single Family Home in the Sky: 125 S. Jefferson in the West Loop

This 3-bedroom unit at 125 S. Jefferson, the Park Alexandria, in the West Loop, has more square footage than your typical high rise condo unit in this price range. The southeast corner unit was originally two units combined and at 2000 square feet, totals more square footage than many city single family homes. The listing […]

The “As-Is” Lakeview Condo Unit: 950 W. Barry

This 2-bedroom unit at 950 W. Barry in Lakeview looks like it is bank owned just a little over 2 years after its purchase. Listed in mid-July as “corporate owned” and “as-is” – it has recently been reduced $24,000. (The public records do not yet show this property as bank owned but I’m assuming it is from the […]

Trying to Flip One Month Later: 5755 N. Melvina in Norwood Park

This 3-bedroom English Cottage home at 5755 N. Melvina in Norwood Park was bank owned in March 2010 and then sold by the bank in June 2010. Just a little over one month later, it has returned to the market for $104,900 more than the previous purchase price. Two out of the three bedrooms are […]

Your Own Church Still Awaits: 2558 W. Cortez in West Town

We last chattered about this church being used as a single family home at 2558 W. Cortez in West Town in October of 2009. See our October 2009 chatter here. It is still available and has now been reduced $220,000. The church has 3 bedrooms and 1 bath in 4000 square feet. The current listing […]

Market Conditions: Chicago Journal Reports Foreclosures Spiking in South Loop and Near West Side

We’ve been chattering for awhile about the foreclosures and short sales in the South Loop. The Chicago Journal reports that foreclosures have jumped 54% in the South Loop in the first six months of 2010. When Mohammad Valadan first starting hearing about the South Loop in the media several years ago, it was described as […]

An American Four Square Listed at $350K in Ravenswood Manor: 3007 W. Wilson

This 4-bedroom American Four Square at 3007 W. Wilson in Ravenswood Manor came on the market in July at the price of $350,000. It is an estate sale and being sold “as-is.” The house has some of its vintage features intact including the hardwood floors and wood trim. All four bedrooms are on the second […]

$10K Reduction on a Luxury 2/2 in Lakeview: 3535 N. Reta

We last chattered about this 2-bedroom unit at 3535 N. Reta in Lakeview in June 2010. See our prior chatter and pictures here. The unit has upgraded finishes you may not find in a typical north side 2 bedroom unit including crown molding, a tray ceiling, and solid core doors. The kitchen also doesn’t have […]

Ukranian Village Cottage Still Available 1 Year Later: 953 N. Leavitt

We’ve chattered about this 3-bedroom Ukranian Village cottage at 953 N. Leavitt several times in the last year. See our December 2009 chatter and pictures here. The cottage has many of its vintage features, including built-in bookcases, but it also has a newer kitchen with stainless steel appliances and added great room on the back […]