Archive for November, 2010

The LakeShore East Townhomes Are Now Available: 427 E. Benton

The townhomes at LakeShore East, such as this one at 427 E. Benton, were eagerly anticipated as an alternative to the high rise lifestyle of the development. This 3-bedroom, 3-level townhouse has been on the market since September 2009. At 3739 square feet, it has a private elevator and an 800 square foot rooftop terrace. […]

Market Conditions: As Developers Flee, Some Are Stuck in Their Condos

The Chicago Tribune reported this weekend on a growing problem in many condo conversion and new construction buildings in Chicago: poor construction and developers who flee the scene. Condo buyers are then left holding the bag while the value of their condos fall due to both market conditions and the problems in the building. This […]

Have the Best of Bucktown at Your Fingertips: 2027 N. Damen

This 3-bedroom penthouse at 2027 N. Damen in Bucktown is right in the middle of the action. All you have to do is walk out your door and there is a plethora of restaurants and bars to choose from. The unit has been reduced once and is now listed $30,100 under the 2008 purchase price. […]

We Still Love This Terrace, Especially After a $456K Reduction: 444 W. Belmont in Lakeview

We first chattered about this 2-bedroom penthouse unit with a large roof top terrace at 444 W. Belmont in Lakeview in August 2008. See our prior chatter and pictures here. It’s worth checking out the prior chatter. At the time, everyone who posted thought it was overpriced at $825,000. Some of you thought it wouldn’t […]

Old Town 2-Bedroom Still Waiting for a Buyer After 32 Months: 235 W. Eugenie

We’ve chattered about this 2-bedroom unit at 235 W. Eugenie in Old Town almost since I started writing this blog which was 3 years ago. It has been listed, on and off the market, since March 2008. We last chattered about it in February 2010 after it came back on the market and was further […]

A Possible 2-Bedroom Comp Killer in Randolph Place: 165 N. Canal in the West Loop

This 2-bedroom unit in Randolph Place at 165 N. Canal in the West Loop has just gone under contract. On the market since January 2010, it was reduced $100,000 and is now listed $112,100 under the 2007 purchase price (if you include the parking). It is the cheapest 2-bedroom unit for sale in the building. At 1800 […]

Have Prices Fallen Off a Cliff In the Last 18 Months in Uptown? 918 W. Winona

Nearly 2 years ago, in January 2009, we chattered about an “affordable” 1-bedroom vintage unit in the midrise at 918 W. Winona in the Margate Park neighborhood of Uptown. Back then, “affordable” was anything listed under $200,000. At the time the unit was listed for $150,000 or you could rent it for $1200 a month. See […]

Walton on the Park Slashes Prices: 2 W. Delaware in the Gold Coast

The new construction high rise at 2 W. Delaware, Walton on the Park, in the Gold Coast just cut prices. The 201 unit building recently started closings. In September, Crain’s reported that nearly 100 units were still unsold and that plans for a second tower were scrapped. It also reported that the developers had gotten a loan extension to […]

Buy a Foreclosure, Renovate and Wait to Sell: 3807 N. Wilton in Lakeview

This large 3-bedroom duplex down in a vintage building at 3807 N. Wilton in Lakeview was bank owned in August of 2008. There are no interior pictures of the unit from the prior sale and the description doesn’t tell us the condition of the unit. But it sold in January 2009 for $205,000 with a […]

Ride the Private Elevator to Your River North Penthouse: 319 W. Erie

This 3-bedroom penthouse at 319 W. Erie is in a unique boutique building in River North. Built in 1888, the building was converted in 2007/2008 and has 7 units. This penthouse has luxury finishes including private elevator access, Snaidero cabinets in the kitchen and a private wine room. It also has 12 foot to 14 foot ceilings […]