Archive for December, 2010

What Will Be the Biggest Chicago Real Estate Stories of 2011?

The real estate market is slow, as it always is this time of the year, so next week we’ll have our “Biggest Stories” posts on what to look out for in 2011. Last year’s predictions on the “Biggest Stories” were the following: Third Biggest Story of 2010: Excess Inventory Continues to Plague Downtown Second Biggest […]

Bank Owned 2004 Construction 2-Bedroom: 939 N. Wolcott in West Town

This 2-bedroom unit at 939 N. Wolcott in West Town just came on the market. It is bank owned. Built in 2004, the pictures indicate that the kitchen is intact with its stainless steel appliances, granite counter tops and wood cabinets. The bathrooms also appear to be intact. The unit is listed $19,100 under the […]

Get a Corner Penthouse at 45% Off: 41 E. 8th Street in the South Loop

This 2-bedroom penthouse unit at 41 E. 8th in the South Loop has been on and off the market since August 2009. It is now a short sale and is listed for about 45% under the 2003 purchase price. At 1600 square feet, the unit has a den and a private terrace with lakeviews along […]

There Are Boarded Up Properties All Over the City: 1114 W. Roscoe in Lakeview

We’ve chattered about some boarded up properties such as this multi-unit one at 1114 W. Roscoe in Lakeview. It became bank owned in early December and has already been put back on the market. Built in 1887, it has 3 units which include the following: Unit #1: 3 bedrooms, 1 bath Unit #2: 3 bedrooms, […]

The “Win-Win Deal” Is Now Reduced $12,800: 536 W. Belmont in Lakeview

We last chattered about this 2-bedroom unit at 536 W. Belmont in Lakeview in September 2010. See our prior chatter here. The building was a 2006 condo conversion with new kitchens and baths along with central air and in-unit washer/dryers. This unit went into foreclosure, was bought, and renovated. Someone who said he is the […]

Create Your Own Dream Penthouse Across from Millennium Park: 310 S. Michigan

Looking for raw space that you could design into the home of your dreams? This 2-story duplex in The Metropolitan Tower at 310 S. Michigan in the Loop awaits. The building was converted a few years ago into condos. This unit is in the tower portion of the building. It is currently the most expensive unit for sale […]

Vintage 2/2 in The Eddystone Going to Auction: 421 W. Melrose in Lakeview

We last chattered about this 2 bedroom unit in The Eddystone at 421 W. Melrose in East Lakeview in October 2010. See our prior chatter here. At that time, it had recently come on the market as a Fannie Mae property. It’s kitchen and bathrooms look intact from the pictures. But now, there is a […]

3/3 Duplex Down in Lakeview Still Available 4 Months Later: 3251 N. Racine

We last chattered about this 3 bedroom duplex down unit at 3251 N. Racine in Lakeview in August 2010. See our prior chatter and pictures here. It has been reduced $15,000 in that time and is now listed $50,100 under the 2005 purchase price. The kitchen has 42 inch maple cabinets, stainless steel appliances and granite counter […]

Nearly 3 Years Later and Now Bank Owned: 507 W. Aldine in Lakeview

We’ve been chattering about this 2-bedroom unit at 507 W. Aldine in East Lakeview for nearly 3 years. See our original chatter in February 2009 and pictures here. In that time, it was a regular listing, then went to short sale, went into contract several times, dropped out of contract and now, finally, is a […]

3-Bedroom Lincoln Park Townhouse Sells For $88K Under 2008 Price: 2547 N. Greenview

We last chattered about this 3-bedroom 2200 square foot townhouse at 2547 N. Greenview in Lincoln Park in November 2010. See our prior chatter here. It has sold for $88,000 under the 2008 purchase price but for $19,500 more than the 2005 purchase price. The townhouse was built in 1988 and had living space on […]