Archive for May, 2011

Get a River North 2-Bedroom For $250,000: 645 N. Kingsbury

This 2-bedroom in Admiral’s Pointe at 645 N. Kingsbury in River North has been on the market since February 2010. It is currently listed $24,000 under the 2005 purchase price. The building was built in 2001/2002. The unit has hardwood floors in the main living/dining space. The kitchen has maple cabinets, granite counter tops and […]

We Love Full Floor Penthouses With Private Roof Decks: 1117 W. Armitage in Lincoln Park

This 3-bedroom penthouse at 1117 W. Armitage in Lincoln Park has more space than many single family homes in the neighborhood. It also has two large private decks, including a 45×19 terrace off the master bedroom with a hot tub and a 35×17 deck that is entirely private on the roof with views of downtown and […]

Guess the Sales Price on this 3-Bedroom Wicker Park SFH and Win $$$: 1509 N. Paulina

For all of you who think you know what properties should sell for, now is your chance to cash in on your expertise. This 3-bedroom single family house at 1509 N. Paulina in Wicker Park just came on the market. The listing agent, Evan Kane at Endeavor Realty, is sponsoring a contest, and knowing how […]

3-Bedroom in the Gold Coast With Rooftop Oasis Sells 1 Year Later: 34 E. Elm

We last chattered about this 3-bedroom vintage unit in a 3-story walk-up at 34 E. Elm in the Gold Coast in July 2010. See our prior chatter here. Listed for $899,000, some of you thought the price was much too high (surprise!) and it should sell around $650,000. However, westloopelo said it was much too […]

Market Conditions: Chicago Area Homeowners Now Choosing Strategic Default

The Chicago Tribune explored the phenomenom of “strategic default” over the weekend.  We already chattered about it a bit over the weekend in one of the other posts but I thought others might want to get into the conversation. A “strategic default” is where the homeowner still has the means to pay the mortgage but […]

3-Bedroom East Lincoln Park Duplex Down Sells for $50K Under 2001 Price: 2031 N. Howe

We last chattered about this 3-bedroom duplex down at 2031 N. Howe in East Lincoln Park in early April 2011. See our prior chatter here. Back then, it was listed for $6,000 under the 2001 purchase price at $619,000. It had been on the market over a year and had been reduced $220,000. If you […]

2 1/2 Year Later, This 3-Bedroom House Returns to the Market: 3729 N. Hermitage in Lakeview

We last chattered about this 3-bedroom single family home at 3729 N. Hermitage in Lakeview in December of 2008. See our prior chatter and the old pictures here. Back then, we chattered about whether the house, listed at $699,000, was “affordable” given the prices of other single family homes in the neighborhood. Many of you […]

Auctioned Off 2/2 in The Eddystone Sells for $127K Under the 2004 Price: 421 W. Melrose

We last chattered about this vintage 2-bedroom in the historic Eddystone at 421 W. Melrose in Lakeview in December 2010. See our prior chatter here. It had been Fannie Mae owned since May 2010. After a few months on the market as a traditional listing, the unit then went to auction. From the original pictures- […]

550 N. St. Clair in Streeterville Extends Its Smart Car Promotion Through This Weekend

Some of you may have seen last weekend’s special promotion for the remaining developer units at 550 N. St. Clair in Streeterville. This is a newer construction high rise. I was told the unsold units had been rented out previously. There are 15 units available (not all of which are on the MLS). They are the […]

This 3-Bedroom North Center SFH Is Now Priced Under $330,000: 2255 W. Montrose

We last chattered about this 3-bedroom single family home at 2255 W. Montrose on the border of North Center/Lincoln Square in March 2011. See our prior chatter here. Many of you thought the house should just be torn down. Some of you said it made you sad. Those who guessed about the selling price estimated between $250k and […]