Archive for April, 2011

Are Vintage Properties Out of Favor? 434 W. Oakdale in Lakeview

A month ago we chattered about this 3-bedroom vintage unit at 434 W. Oakdale in Lakeview. See our March 2011 chatter here. At that time, the unit had been reduced 22% from its 2005 purchase price. It has recently been reduced another $26,000. It is a short sale. Recently, the listing agent posted a comment on CribChatter that despite the […]

Can You Get a Steal at an Auction? 5 Bedroom SFH in North Center: 4117 N. Western

This 5-bedroom single family home at 4117 N. Western in North Center has been on and off the market since January 2011. It is bank owned but after trying to sell it the conventional way the last few months, it is going to auction it instead. The house was built in 1906 and the listing says […]

The 3-Bedroom “Gothic Jewel” in East Lakeview: 504 W. Barry

This 3-bedroom vintage unit at 504 W. Barry in East Lakeview recently came on the market. The 10-unit building was built in 1927 and is described in the listing as a “gothic jewel.” At 2200 square feet, the unit has the larger room sizes common in the pre-war buildings. The unit has some of its […]

Streeterville Duplex Penthouse Sells For Over the 2006 Price: 270 E. Pearson

We last chattered about this 3-bedroom penthouse in The Belvedere, at 270 E. Pearson in Streeterville, in January 2011. See our prior chatter here. At that time, it had just gone under contract after a price reduction. The unit recently sold for $245,000 over the 2006 purchase price. The Belvedere is a luxury boutique building […]

CoreLogic: Chicagoland February Single Family Home Prices Fell 10.4% YOY

CoreLogic released its February single family home sales data which showed Chicagoland prices dropped 10.4% year over year, the second largest drop in the country. (Chicagoland extends out to Naperville and Joliet.) But CoreLogic also provided data stripping out the distress sales- which would result in home prices declining just 0.37% year over year. The big […]

Looking for a South Loop Penthouse With 2 Terraces? 1400 S. Michigan

This 4-bedroom penthouse at 1400 S. Michigan in the South Loop has been on and off the market since 2008. Since August of 2010 it has been reduced $400,000. At 3471 square feet, it is one of only 2 units on the penthouse floor. It is on the northeast and southeast corner and has not […]

Hear the Roars from Wrigley Field in this 2-Bedroom: 3705 N. Lakewood in Lakeview

This vintage 2-bedroom at 3705 N. Lakewood in Lakeview is close enough to Wrigley Field that you can hear the roar of the crowd during game days. This building was converted to condos in 2007 and was rehabbed with new electric, plumbing, roof and windows. The unit has the features many buyers are looking for […]

2000 Sq. Ft. Duplex Up Sells For Under the 2002 Price: 2750 N. Dayton in Lincoln Park

We chattered about this 3-bedroom duplex up at 2750 N. Dayton on the border of Lincoln Park and Lakeview at Diversey in January 2011. See our prior chatter here. In our prior chatter, someone guessed it would sell around $425k and Clio liked it so much he expressed an interest in moving in (if only he could […]

Loft-Style 3-Bedroom Under the 2003 Price in East Lakeview: 717 W. Briar

This 3-bedroom at 717 W. Briar in Lakeview has been on the market since February 2011. The building was converted into condos in 2002/2003 and the listing implies that the finishes are not at the level they should be as it offers a “$5,000 upgrade credit.” Yet the kitchen has stainless steel appliances and granite […]

Why Does Crilly Court Sell Quickly But Gaslight Court Does Not? 1407 N. Wells

Both Crilly Court and Gaslight Court in Old Town are historic condominium associations just a few blocks from each other on the same street. While we have seen 3 bedroom, 2 bath units in the Wells Street building of Crilly Court go under contract within a week or two 3 times in the last 6 […]