Archive for February, 2011

8 Years Later and This 2-Bedroom Is Still a Short Sale: 1050 N. Marshfield in West Town

This 2-bedroom unit at 1050 N. Marshfield in West Town recently came directly on the market as a short sale despite having been purchased 8 years ago. The listing says it is “priced well below comps.” Built as new construction in 2002-2003, it has some upgrades such as a custom bar with wine cooler and […]

Did You Love the Apartment in “The Breakup”? 448 W. Wrightwood in Lincoln Park

If there was one thing many of us noticed about the movie “The Breakup” with Vince Vaughn and Jennifer Aniston- it was the vintage apartment they lived in. Of course, that was just a movie, right? That’s why I was intrigued when I ran across this recent listing of a 3-bedroom unit at 448 W. Wrightwood […]

Market Conditions: Downtown Condos Sales Go From Bad to Awful in Q4

If anyone needed any confirmation about just how bad it is out there in the last few months of 2010, the Appraisal Research Counselors is just out with the gruesome fourth quarter downtown new construction sales numbers. 2010 shaped up to be one for the record books- with a record low number of new construction condo sales. […]

Bank Owned Greystone 3-Flat Listed at 45% Under 2007 Price: 852 W. Oakdale in Lakeview

This vintage 3-flat greystone at 852 W. Oakdale in Lakeview recently came on the market. It is bank owned and is listed for 45%, or $480,000, under the 2007 purchase price. Built in 1891, the greystone is on a 25×125 lot and has a 2-car garage. From the public records, it appears the property was given some […]

“Bank Says Make an Offer”: 3- Bedroom New Construction in West Town: 1649 W. Cortland

This 3-bedroom newer construction unit at 1649 W. Cortland in West Town just came on the market. It is bank owned. The building was built in 2008 and this unit does not appear to ever have sold from the original developer. There are 4 units in the building and only the top floor penthouse sold. Here is […]

Your 8000 Square Foot Palace Awaits: 2216 W Grace in North Center

This custom built 8000 square foot mansion at 2216 W. Grace in the St. Ben’s neighborhood of North Center just came on the market. It has 4 bedrooms, 9 baths, and 3 half baths on a 125×30 lot. It appears that the 2.5-car garage is still being built. There also doesn’t appear to be any […]

Get a Logan Square 2-Flat for Just $81,000: 3515 W. Belden

This vintage 2-flat at 3515 W. Belden in Logan Square has been on the market since July 2010. In that time, it has been reduced $78,000. It is a short sale. The two units are as follows: Unit #1: 2 bedrooms, 1 bath Unit #2: duplex up 4 bedrooms, 2 baths Built on a 25×125 […]

Buy This Gold Coast 3-Bedroom, Get a Nantucket Vacation: 1300 N. Lake Shore Drive

This 3-bedroom unit at 1300 N. Lake Shore Drive in the Gold Coast has been on and off the market since March 2008. In that time, the price has been reduced $455,000. It is currently listed $215,000 under the 2006 purchase price. The building was built in 1963 and has dead on lake and city […]

Get a 3-Bedroom a Block from Lincoln Park for Under $360K: 419 W. Grant

Location, Location, Location. This 3-bedroom duplex up at 419 W. Grant in Lincoln Park is located just a block or so from Lincoln Park, the Zoo and all that Chicago’s lakefront has to offer. It also has the amenities that most homebuyers are looking for with central air, in-unit washer/dryer and deeded parking. The complex, the […]

Bank Owned 2/2 Listed for $86K Under 2004 Purchase Price: 1111 S. Wabash in the South Loop

This 2-bedroom unit in the highrise at 1111 S. Wabash in the South Loop has been on the market since December 2010. It is bank owned. It has been reduced $15,000 in that time and is now listed for $86,100 under the 2004 purchase price. The unit has 2 bedrooms and a den in 1320 square feet. […]