Crib Chatter

This 1-bedroom loft at 1601 S. Michigan in the South Loop was recently reduced to $100,000. It is a short sale. We’ve seen a bunch of one-bedrooms in the South Loop reduce to $100,000 in just the past few weeks in other buildings. The list price is now just $7,000 above the 1999 purchase price […]

This 4-bedroom tudor single family home at 7329 W. Greenleaf in Edison Park just came on the market. The listing says it was completely renovated in 2001. The kitchen has newer cabinets, stainless steel appliances and stone counter tops. It has a full basement with a 12×19 family room. Some of the vintage features include a […]

This 3-bedroom duplex down at 1421 W. Summerdale in Andersonville has been on and off the market since March 2010. In that time, it has been reduced $35,000. From 2007 to 2009, this 1903 greystone was renovated into 3 condo units. Units #2 and #3 both sold in 2009 for $450,000 and $452,000, respectively. This unit […]

How hard is it to get a condo loan in Chicago these days? In some buildings, it’s impossible, as they appear on mortgage lenders “blackballed list” which means they won’t lend in the building. Real estate agents and lenders say they are seeing more developers, condo associations and individual owners in economic distress, and, as a […]