Archive for October, 2010

Buy a 1893 Farmhouse in Logan Square for Under $200K: 2915 W. Belden

This 2-bedroom vintage farmhouse at 2915 W. Belden in Logan Square is listed for just $175,000. It was recently reduced $24,000. The listing says “Attention Investors and Rehabbers” and says it is being sold “as-is” so it is not for those looking for something move-in ready. Still, the house is on a larger than standard […]

Trying to Sell a 3-Bedroom Unit 2-Years Later in Graceland West: 4055 N. Greenview

Having run this site for over 3 years, I am now seeing some properties come back on the market that we previously chattered about and which sold including this 3-bedroom vintage unit at 4055 N. Greenview in the Graceland West neighborhood (of Lakeview or Uptown?) Back in May 2008, the listing called this property “too good to […]

Dimon’s Gold Coast Mansion Sells: 25 E. Banks

We last chattered about this 8-bedroom vintage mansion at 25 E. Banks in the Gold Coast in September 2010. See our prior chatter here. At that time, the house had just been reduced $2.55 million after being on the market nearly 3 and 1/2 years and was well off its $13.5 million original list price. […]

Market Conditions: Chicagoland Ranked 3rd in the Nation in Foreclosures in the 3rd Quarter

As foreclosure activity actually slowed in foreclosure hot spots like Orlando and Las Vegas in the third quarter, according to Realty Trac, foreclosures jumped 35% in the Chicago metro area. It was the second largest jump in the country. Foreclosure activity in the third quarter: Seattle up 71% Chicago up 35% Houston up 26% Detroit up 23% […]

Forget the Townhouse, Buy a Coach House Instead: 1700 W. School in Lakeview

Many buyers consider townhouses because they want privacy and are priced out of single family homes in their targeted neighborhoods. But what about a coach house such as this 3-bedroom property at 1700 W. School in the Southport neighborhood of Lakeview? It has an attached 2-car garage and is on 3 levels. The listing says […]

What Will It Take To Sell This 3-Bedroom Uptown Condo? 4728 N. Malden

This 3-bedroom unit at 4728 N. Malden in the Sheridan Park neighborhood of Uptown has been on and off the market since September 2008. After numerous reductions, it is now listed $114,500 under the 2003 purchase price. The top floor unit has cathedral ceilings and skylights. It also has upgraded finishes including crown molding and […]

Back to the 1999 Price in the Gold Coast: 1212 N. LaSalle

This 1-bedroom unit in the high rise at 1212 N. LaSalle in the Gold Coast is listed as a short sale. It is currently priced just $3,000 above the 1999 purchase price. Built in 1989, this is one of the larger one bedroom units in the building at 850 square feet. It has carpet and what […]

Secret Vintage Beauties on Tree Lined Streets in Streeterville: 223 E. Delaware

Not all parts of Streeterville are Navy Pier and the AMC River East movie theater as is evidenced by this 1919 2-bedroom vintage co-op at 223 E. Delaware. Just steps from Michigan Avenue, this mid-rise building has just 10 units. It also has deeded parking included, which is rare for some of the vintage buildings in […]

Attention All Mini-Trumps: 4-Unit Investor Opportunity in East Lakeview: 441 W. Briar

This new construction 4-unit building at 441 W. Briar in East Lakeview recently came on the market as a short sale. Built on a 36×135 lot, the 4 units were designed for luxury as the kitchens have stainless steel appliances and unique granite counter tops. Each unit has 2200 square feet, including 3 bedrooms and 2 baths with 2 […]

Is it Possbile to Get 3-Bedrooms for Under $400K in River North? 510 W. Erie

This 3-bedroom unit in Erie on the Park, at 510 W. Erie, in River North has been on and off the market since February 2009. It is priced just under $400,000- but if you include the parking the list price jumps to $434,000. Still, that is $28,500 under the 2003 purchase price. The corner unit […]