Archive for July, 2011

Lincoln Park 2-Bedroom Now Listed 13% Under 2006 Price: 2145 N. Racine

We last chattered about this newer construction 2-bedroom at 2145 N. Racine in Lincoln Park in March 2011. See our prior chatter here. At that time, the unit was listed for $549,000 and we discussed whether the market could support a $550,000 2/2. Most of you thought it should be listed at $499,000 (though someone […]

We Love Lofts With Wraparound Terraces: 1750 N. Wolcott in Bucktown

This 2-bedroom in the Signature Lofts at 1750 N. Wolcott in Bucktown just came on the market. It is an authentic loft with timber ceilings and exposed brick. The kitchen has stainless steel appliances and granite countertops and is open to the living space. The bedrooms are fully enclosed for added privacy. The loft is […]

East Lincoln Park 2-Bedroom Sells for 3% Under the 2000 Price: 632 W. Wrightwood

We last chattered about this top floor 2-bedroom at 632 W. Wrightwood in Lincoln Park in November 2010. [This picture is actually of the sister building to 632 W. Wrightwood which is 2 buildings east down the street and is identical looking. For some reason I didn’t have a pic of 632 itself.] See our […]

When Only the Penthouse Will Do: 1200 N. Lake Shore Drive in the Gold Coast

This vintage 4-bedroom penthouse in Benjamin Marshall’s 1200 N. Lake Shore Drive in the Gold Coast has been on the market since March 2011. In that time, it has been reduced $275,000. Built in 1912 with 10 full floor apartments, the first two floors of the 12-story building were used for servants and the top floor for […]

Get an Old Town 1-Bedroom for $74,000 Under the 2001 Price: 1212 N. Wells

This 1000 square foot 1-bedroom plus den in the Neapolitan at 1212 N. Wells in Old Town came on the market in May 2011 as a short sale. It is currently listed at $74,100 under the 2001 purchase price. The unit has an east facing balcony and other features buyers look for today including central […]

How Long Will the Bank Own this Gold Coast 3-Bedroom? 190 E. Walton

We last chattered about this bank owned 3-bedroom at 190 E. Walton in the Gold Coast in February 2011. See our prior chatter here. The chatter evolved into a discussion about using videos to market upscale properties- as Joe Zekas from YoChicago did a video on this property last winter. Some of you (myself included) […]

Bank Owned 2-Bedroom Sells For $7K Above the 2001 Price: 930 N. Wood in the East Village

We last chattered about this bank owned 2-bedroom at 930 N. Wood in the East Village neighborhood of West Town in June 2011. See our prior chatter here. At that time, it had finally gone under contract after 5 months on the market and several price reductions. Some of you thought for the amenities (parking, […]

Market Conditions: TCF Financial Calls the Chicago Area One of the “Weakest” Markets for Loan Quality

We know that it is taking anywhere from 12 months to 24 months from the filing of the lis pendens to the bank taking possession in Cook County. In some cases, some of you have been living in properties for years without the bank even taking possession- not to mention those where the bank is now the […]

The 7-Bedroom Lincoln Park Short Sale: 1111 W. Wrightwood

I’ve been watching this new construction 7-bedroom single family home at 1111 W. Wrightwood in Lincoln Park for some time. It has been on and off the market since March 2008 and is now listed as a short sale. In that time, it has been reduced $499,000. Built in 2010 on a 29×131 lot, the […]

4-Bedroom Queen Anne Reduced Another $90,000: 6239 N. Lundy in Old Edgebrook

We last chattered about this 4-bedroom vintage Queen Anne at 6239 N. Lundy in the Old Edgebrook neighborhood of Forest Glen in October 2010. See our prior chatter here. Since that time, the property has been reduced another $90,000. Many of you loved this house and considered Old Edgebrook to be one of your “dream” neighborhoods. […]