Archive for November, 2010
We Love Authentic Lofts Overlooking Michigan Avenue: 1442 S. Michigan in the South Loop
This 2-bedroom duplex loft at 1442 S. Michigan in the South Loop has been on the market for 21 months. In that time, it has been reduced $85,000. The loft is now listed for $170,000 under the 2006 purchase price. If you’re a loft lover looking for unique features, look no further than this unit. […]
Priced at the 2002 Purchase Price in Lincoln Park: 1350 W. Fullerton
This 2-bedroom unit at 1350 W. Fullerton in Lincoln Park has been on and off the market since July 2009. In that time, the unit has been reduced $69,910. It is now listed for $400 above the 2002 purchase price (when the parking space is included.) The listing says the owner spent $65,000 in upgrades […]
We Love Authentic Lofts: 2-Bedroom Duplex in Printers Row: 720 S. Dearborn
This 2-bedroom duplex loft at 720 S. Dearborn in Printers Row has a unique loft layout. The building is one of the street’s old printing factories and now has been converted into 57 lofts. The loft has many authentic features including 12 foot high ceilings and exposed brick with a wide open first floor layout. Both […]
Market Conditions: Chicago October Sales Down 39.5%; Median Price Continues to Fall
As expected given the preliminary numbers we’ve seen from many with access to the MLS, sales in Chicago in October fell off a cliff. It was the lowest number in the last 4 years. From the Illinois Association of Realtors: October home sales were down 39.5 percent to 1,217 sales compared to 2,012 homes sold […]
Market Conditions: New Construction Downtown Condo Sales Still Grim
Crain’s checked in with Appraisal Research for an assessment on new construction downtown condo sales for the third quarter. It should be no surprise that the numbers aren’t great. Downtown developers sold 111 condos and townhomes in the third quarter, down from 150 in the second quarter but up from 56 a year ago, according […]
You Can Still Find Contemporary New Construction Under $400K: 1214 N. Rockwell in West Town
This new 4-bedroom contemporary single family home at 1214 N. Rockwell in West Town (the East Humboldt Park neighborhood) is unique for several reasons. It is both a single family home (in an area where new multi-unit developments, until recently, were king) and it is priced under $400,000. The house is described in the listing as a […]
Crib Chatter Thanksgiving Holiday Schedule
It’s that time of the year again where we pause to give thanks. But given that the “s” word is being bandied about (shhh…snow) and how some of you get somewhat bored waiting for your turkey dinner to be served (you know who you are), I decided that this year I will be posting on Thanksgiving. I will also […]
South Loop 2-Bedroom Townhouse Reduced $70K in 16 Months: 1352 S. State
We last chattered about this 2-bedroom townhouse at 1352 S. State in the South Loop in July 2009. See our prior chatter and pictures here. In the nearly 16 months since, the townhouse has been reduced $70,000. In July 2009 some of you thought this might sell for the mid-$400,000s. It is now listed for […]