Archive for May, 2011

Get The “Yellow House” in Old Town for Under the 2007 Price: 304 W. Willow

This 4-bedroom single family home at 304 W. Willow in Old Town can’t be missed when driving or walking down the street with its bright yellow facade. On the market since October 2010, it has been reduced $50,000. It is now listed $110,000 under the 2007 purchase price. Built in 1874 on a 30×78 lot, […]

Market Conditions: YOY April Sales Decline 26.2% in Chicago; Median Price Continues to Slide

The data for April home sales is out.  Remember, last year was still influenced by the tax credit. Buyers had to be under contract by the end of April (but didn’t have to close until June.) The IAR is, for the second month in a row, choosing to separate out some of the Chicago condo […]

After Nearly 2-Years on the Market, This Lincoln Park Lofty Townhouse Sells: 2222 N. Racine

We last chattered about this 3-bedroom “lofty townhouse” at 2222 N. Racine in Lincoln Park in February 2011. See our prior chatter here. Originally listed in June 2009, it had been reduced $90,000 to $599,000 by the time we chattered about it. At least one poster had a story of a client who made an […]

After Pending For 6 Months, This 2-Bedroom is Back on the Market: 3535 N. Reta in Lakeview

We last chattered about this 2-bedroom at 3535 N. Reta in Lakeview in October 2010. See our prior chatter here. At that time, the price had been aggressively dropped on the unit and it was listed for $65,100 under the 2006 purchase price. It then went under contract that November, but 6 months later it […]

5-Bedroom Queen Anne Now $225K Under 2008 Price in Lakewood Balmoral: 5344 N. Lakewood

Roma recently pointed out a 6-bedroom Lakewood Balmoral home at 5459 N. Lakewood in Andersonville listed at $1.3 million that went under contract in a day. But this 5-bedroom Queen Anne, just a block away, at 5344 N. Lakewood has been on the market 9 months. It has been reduced $225,000 in that time. It is […]

2-Bedroom At Village Pointe Sells For $92K Under 2007 Price: 845 N. Kingsbury in River North

We last chattered about this 2-bedroom unit in Village Pointe at 845 N. Kingsbury in River North in July 2010. See our prior chatter here. At that time, it wasn’t yet listed as a short sale. It finally sold after 11 months on the market, as a short sale, for $92,500 under the 2007 purchase price. […]

Market Conditions: Downtown Apartment Rents Near 2007 High

Crain’s recently reported on downtown Class A apartment rents, which were up again in the first quarter of 2011 and are nearing 2007 peak pricing. “We’re going to see good rent increases for the next two years, and then, when the next wave of supply hits, it will taper back,” says Ron DeVries, vice-president of […]

Contemporary 2-Bedroom Penthouse Now $39K Under 2008 Price: 919 N. Wolcott in West Town

We last chattered about this 2-bedroom penthouse at 919 N. Wolcott in West Town in December 2010. See our prior chatter here. On the market since August 2010, it has been reduced $50,000 in that time. It is now listed $39,500 under the 2008 purchase price. The unit has been converted from a 3-bedroom to a […]

Gold Coast Penthouse With Massive Terrace Now Reduced Over 50%: 220 E. Walton

We’ve chattered about this vintage 3-bedroom penthouse at 220 E. Walton in the Gold Coast several times since it was first listed in October 2007. See our last chatter in July 2009 here. Since October 2007, it has been reduced over 50%, or $1.75 million, to $1.5 million. The listing says it is the first time on […]

3-Bedroom Sells Again for $10K Over 2008 Price: 4055 N. Greenview in Graceland West

We last chattered about this 3-bedroom at 4055 N. Greenview in Graceland West in October 2010. See our prior chatter here. We first chattered about the unit when it was originally on the market in June 2007 and then sold in July 2008. It then came back on the market 2-years later, in February 2010, for $75,000 […]