Archive for September, 2010

A New Construction Lakeview Penthouse Reduces $40K: 932 W. Diversey

At the height of the boom, this new construction 2-bedroom penthouse at 932 W. Diversey in Lakeview would have been snatched up quickly. Instead, it has been on the market since July and has recently been reduced $40,000. (This picture, by the way, was taken from the Diversey El platform nearby.) The 1500 square foot […]

Market Conditions: Crain’s Reports that the Ritz Carlton Has Booked 3 Sales in 2010

Crain’s reported yesterday on the recent sales at the new Ritz Carlton development at 644 N. Michigan in River North (or is this the Gold Coast? I’m calling it River North since it’s on the west side of Michigan Avenue.) You know the market is bad when it is “news” to report that the Ritz […]

When the Whole Building is Bank Owned: 2430 W. Iowa in West Town

2430 W. Iowa in West Town is a 3-unit building built in 2005. Each of the units had all the new construction bells and whistles of that era- including cherry kitchen cabinets and granite counter tops along with wood floors. All 3 units sold in 2005 and early 2006 and now all 3 have been […]

Looking for Unique? Try This Vintage Tudor Gem: 3019 W. Ardmore in Peterson Woods

This 3-bedroom tudor at 3019 W. Ardmore in Peterson Woods just came on the market in August. Built in 1929, the house is on an oversized 45×192 lot with a side drive and a 2-car garage. Much of the house’s original features are intact, including the leaded glass windows, coved ceilings, arched doorways and the wood burning […]

18 Months Later, Penthouse Still On the Market: 40 E. 9th in the South Loop

We last chattered about this 2-bedroom penthouse at 40 E. 9th in the South Loop way back in March 2009. See our prior chatter here. Back in 2009, it was listed for 60% under its 2007 purchase price. Several of you seemed interested in the unit. But lo and behold, it is still on the […]

The $800,000 Brick Bungalow in Lincoln Square: 5057 N. Francisco

There are bungalows and then there are 4,000 square feet vintage bungalows such as this one at 5057 N. Francisco in Lincoln Square (is this even Lincoln Square? The public realty sites lists it as such.) This octagonal bungalow was built in 1925 on an oversized Chicago lot of 54×125. It has 3-car parking and central […]

Get a North Center 2-Flat for Under $280,000: 2014 W. Addison

This vintage 2-flat at 2014 W. Addison in North Center has been on the market since June 2010. It is a short sale and has been reduced $119,001 in that time. The price has also been lowered $10,000 every week for the past several months, with no takers. The units are as follows: Unit #1: […]

The Kenwood 5-Bedroom Greystone Under $400K: 4358 S. Berkeley

This 5-bedroom vintage greystone at 4358 S. Berkeley in Kenwood recently came on the market. Built in 1883, the house still has the original staircase. It is on a corner 26×125 lot. While there is central air, there is, however, no garage. The listing says there was a complete gut rehab in 94/95. The top […]

For $200K, You Can Get a 2-Bedroom Bungalow in River Forest: 232 Lathrop

We were recently chattering about a 3-bedroom Portage Park bungalow which was an estate sale but which had good vintage bones. It was listed at $199,000. See our prior chatter here. This 2-bedroom “never touched bungalow” at 232 Lathrop in River Forest just came on the market.  It is listed for $200,000. Like the Portage Park house, […]

Forget The Condo, Buy This Vintage Farmhouse in Evanston Instead: 1129 Sherman

This 2-bedroom 1880s farmhouse at 1129 Sherman in Evanston came on the market in August. The listing says it has been restored by the current owner. The kitchen has white cabinets and appliances with butcher block counter tops. There is a new bathroom on the second floor with a claw foot tub. There is a […]