Archive for April, 2011
Market Conditions: The Upper Bracket in the Chicago Housing Market is Hot, Hot, Hot
We’ve been chattering for awhile that the upper bracket in the Chicago housing market seems to be much stronger than other tiers of housing. Recently, a $4 million house sold (actually closed) in Lincoln Park. Several other multi-million dollar condos have also sold and one priced at nearly $10 million is under contract. Reuters explains […]
Get an East Lakeview 1-Bedroom For Under $73,000: 546 W. Surf
Looks like no one wants this vintage one bedroom in a courtyard building at 546 W. Surf in East Lakeview. Originally listed on April 12 for $129,900 it recently had a drama reduction all the way down to $72,500. This building went condo in 2006. The unit is now priced $143,500 under the 2006 purchase […]
The 5-Bedroom American 4-Square: 1225 W. Pratt in Rogers Park
This 5-bedroom American 4-Square at 1225 W. Pratt in Rogers Park has been on and off the market since August 2009. In that time it has been reduced $114,000. Built in 1903, it has a much sought after double lot measuring 50×139. While it has hardwood floors throughout, none of the original vintage features remain. […]
2-Bedroom Vintage Cottage in Lincoln Park Sells: 631 W. Belden
There was a lot of chatter about this 2-bedroom house at 631 W. Belden in Lincoln Park. See our prior chatter in February 2011 here. Some of you thought it wouldn’t sell for more than $550,000. At least one of you (mariposa) allegedly attempted to buy it but backed out after getting the inspection report. Originally […]
Market Conditions: YOY Data Shows Price Declines: Sellers Still Not Willing to “Give It Away”
Over the weekend, the Chicago Tribune reported on the Chicago area housing market using CoreLogic’s data for over 200 zip codes. As we’ve been chattering about the last few months, it appears that the Chicago housing market has taken a turn for the worse since the beginning of this year. “The prospects are dim in the […]
Live Across From Wicker Park in this Vintage 2-Bedroom: 1945 W. Schiller
By popular request for Roma, this 2-bedroom at 1945 W. Schiller in Wicker Park recently came on the market. Roma thought these were always apartments. Now’s your chance Roma! Located directly on the park, the vintage unit has 12 foot ceilings and crown molding. There is a new kitchen with stainless steel appliances and the contemporary […]
Get a 2-Bedroom Loft For $75K Off the 2007 Price: 920 W. Sheridan in Lakeview
This 2-bedroom loft in the Skybox Lofts at 920 W. Sheridan in Lakeview has been on the market since December 2010. It is a short sale and in that time it has been reduced $35,000. It has tons of authentic loft features including exposed brick walls, 20 foot timber ceilings, exposed joints and large windows. At […]
FINALLY! Bank Owned 2/2 at 507 W. Aldine in Lakeview Sells
We’ve been chattering about this 2-bedroom at 507 W. Aldine in Lakeview for years. You can see interior pictures of the unit in our May 2009 chatter here. It represents the full circle of the housing bust. We saw it go from: Normal sale to Short sale Into foreclosure and bank owned Then listed from […]