Archive for July, 2011

This Logan Square 2-Bedroom Sold For $10K Under the 2006 Price: 3052 W. Logan Blvd.

We last chattered about this vintage 2-bedroom at 3052 W. Logan Boulevard in Logan Square in April 2011. See our prior chatter here. Most of you liked this property but had no idea what prices were doing in Logan Square, which appears to be one of the “it” neighborhoods of the moment. The unit was first […]

Market Conditions: Has the Green Zone Avoided the Worst of the Distress Sales?

We’ve had a lot of chatter recently about how the foreclosures and short sales seem confined to the areas of the city that are NOT the Green Zone (aka, the neighborhoods encompassing the South Loop, the Loop, River North, Streeterville, the Gold Coast, Lincoln Park, Lakeview, Bucktown, Wicker Park, Lincoln Square, Ravenswood and North Center- to […]

We Love Duplex Timber Lofts With Rooftop Decks: 2111 W. Churchill in Bucktown

This 2-bedroom loft at 2111 W. Churchill in Bucktown has been on the market since April 2011. In that time it has been reduced $10,000. The penthouse loft has 15-foot timber ceilings and exposed brick. Both bedrooms are on the second level. There are also several outdoor spaces including a rooftop deck with views of downtown. […]

Live In This Unique 3-Bedroom Duplex Down: 1325 N. Dearborn in the Gold Coast

You can’t miss 1325 N. Dearborn in the Gold Coast when you walk or drive by because it has very distinctive architecture with yellow brick and keyhole windows. This 3-bedroom duplex down has been listed since May 2011. In that time, it has been reduced $151,000. The unit has 11-foot vaulted ceiling on the main […]

The 2-Bedroom “Maisonette” Finally Sells For 53% Under the 2007 Price: 3100 N. Sheridan in Lakeview

We chattered about this 2-bedroom in The Barry at 3100 N. Sheridan in Lakeview several times over the last few years. When we last checked in on it in May 2011, it was bank owned but no one was buying it so it was going to auction. See our May 2011 chatter here. It was […]

“Multiple Offer Situation” for a 2/2 Under $240K in River North: 440 N. Wabash

This 2 bedroom at 440 N. Wabash in River North – just down the street from Trump Tower- recently came on the market. It is the cheapest 2-bedroom available in the building at $236,000. The listing says it is a “multiple offer situation.” Offers were due by July 22, but so far, from public records, […]

This Lakeview 3-Bedroom Has Reduced $125,000 in the Last 12 Months: 432 W. Oakdale

This 3-bedroom at 432 W. Oakdale in Lakeview has been on the market since July 2010. In that time, it has been reduced $125,000. It appears to have most of the features buyers look for including a washer/dryer in the unit, garage parking and space pak central air. The kitchen has cherry cabinets but does […]

Get a Luxury Lincoln Park 2/2 at 18% Off the 2007 Price: 2757 N. Lincoln

This 2-bedroom at 2757 N. Lincoln in Lincoln Park on the border of Lincoln Park and Lakeview has been on the market since mid-June 2011. It is a short sale. In that time, it has been reduced $50,000 and is now listed about 18% under the 2007 purchase price of $520,000. 2757 N. Lincoln is […]

3-Bedroom Lincoln Park Townhouse Sells in Just 6 Weeks: 704 W. Wrightwood

We chattered about this 3-bedroom townhouse at 704 W. Wrightwood in Lincoln Park in June 2011 as a possible alternative to some nearby 2-bedroom vintage condo units priced in the $600,000s. I asked: “Will buyers choose more space and the added privacy of a townhouse over similarly priced condos in the neighborhood? Apparently, the answer is “yes”- as […]

Chicago Market Conditions: Housing Sales at a 4 Year Low for the Month of June

After all the excitement a week or so ago about the “error” in the IAR monthly sales data, the IAR finally released the June data (two days late.) While everyone expected sales to be lower than June 2010, given that June 2010 was the deadline for closings to qualify for the first time homebuyers tax credit, sales were […]