Archive for November, 2010

Selling 2 Years Later in Lakeview: 1658 W. Belmont

This 2-bedroom unit at 1658 W. Belmont has been on the market for 10 months. Listed in February 2010, it has been reduced $14,900. It is also now listed $5,000 under its 2008 purchase price. The vintage building appears to have been converted into condos in 2006-2007. It is a rare vintage 2-bedroom unit which also has […]

Buy a Foreclosure, Renovate, Re-List: 2-Bedroom Townhouse in Lincoln Park at 1814 N. Bissell

This 2-bedroom townhouse at 1814 N. Bissell in Lincoln Park recently came on the market. It was bank owned in June 2010 and sold for $19,720 under the 1999 sales price. 5 months later, it has come on the market as a gut rehab with a new kitchen and baths. The kitchen now has white […]

2-Bedroom 41% Under the 2004 Purchase Price in the South Loop: 125 E. 13th

The last time we chattered about 125 E. 13th, a 2004-construction midrise building in the South Loop, was in February 2008 when the developer took out a full page ad in the Chicago Tribune about appreciation of the units in the Museum Park development. Turns out some of the original buyers in this building mentioned […]

Bank Owned Lakeview 2-Bedroom Reduced Another $35K in Last 6 Weeks: 3014 N. Sheffield

We last chattered about this newer construction bank owned 2-bedroom unit at 3014 N. Sheffield in Lakeview in October 2010. In the last 6 weeks, it has been reduced another $35,700. It is now listed $168,400 under the 2006 purchase price. From the listing pictures, the kitchen and baths appear to be intact. It has […]

A Full Floor 4-Bedroom Vintage Beauty in Kenwood: 5012 S. Woodlawn

This top floor 4-bedroom condo at 5012 S. Woodlawn in South Kenwood has more square footage at 3800 square feet than most single family homes. Built in 1926, the unit retains many of the vintage features of that era including a barrel vaulted ceiling in the hallway, crown molding, cove molding and a marble fireplace […]

Market Conditions: Are Even the Rich Preferring to Rent Now?

Apparently, luxury rentals are hot right now as even the rich are finding value in renting versus buying properties in some cities like New York, San Francisco and Chicago CNBC reported: So in March he sold the Manhattan apartment he bought in 2008 for about the same price he paid and moved — along with […]

This 2-Bedroom Is All About The City Views: 8 E. Randolph in the Loop

It doesn’t get more urban than this 2-bedroom unit in Momo at 8 E. Randolph (or Joffrey Tower, as it’s now called- sorry- I still like the Momo name) in the middle of the Loop. Located across the street from the old flagship Marshall Field’s building (now the Macys), the southeast facing unit has views from […]

Bank Owned Gold Coast 2-Bedroom Listed 44% Below the 2002 Price: 1155 N. Dearborn

We actually chattered about this 2-bedroom unit in Elm Tower, at 1155 N. Dearborn in the Gold Coast in October 2008. Back then, it had been reduced $200,000 and was listed well under the 2002 purchase price. See our prior chatter and pictures here. But even with the big price cut, no one took the bait. The unit is […]

Is No Garage a Deal Killer for a Single Family Home? 1472 W. Belle Plaine in Graceland West

This 4-bedroom Victorian house at 1472 W. Belle Plaine in the Graceland West neighborhood has been on (and off) the market since April 2007. Since July 2009, it has been reduced $100,500. The listing says the original wood trim has been restored. It also has a wood burning fire place. 3 out of the 4 […]

Nate Berkus Designed in the Marlborough: 400 W. Deming in Lincoln Park

This 2-bedroom unit in the Malborough at 400 W. Deming in East Lincoln Park has been on the market since June 2009. It has been reduced $74,000 in that time. Normally, we don’t comment much on the interior design but this is another property where it says it is Nate Berkus designed so it appears to be marketing […]