Archive for August, 2011

5-Bedroom Lincoln Park SFH Finally Sells for $1.915 Million Under the Original List: 1863 N. Bissell

We last chattered about this 5-bedroom single family home and coach house at 1863 N. Bissell in Lincoln Park in March 2011. See our prior chatter here. Listed as a short sale after having been on the market for 2 years, the house recently sold for $30,000 above the last list price of $1.85 million […]

Market Conditions: Crain’s: Chicago Downtown New Condo Sales Still in a Depression

According to Crain’s, new construction condo and townhouse sales downtown for the first half of the year were at their lowest since records began in 1998. According to Appraisal Research Counselors, there were just 261 sales in the first 6 months of the year down from 406 in the first half of 2010. “This is […]

A 2-Bedroom West Town Cottage Listed Under $400,000: 1835 W. Ohio

This 2-bedroom cottage at 1835 W. Ohio in West Town is currently listed for $399,900. On the market since March 2011, it has been reduced $15,100. It has some unique features including interesting exposed brick walls and 16-foot vaulted ceilings on the main level. The kitchen has stainless steel appliances and tile counter tops. There […]

The 3-Bedroom Cape Cod in Oriole Park Under $400,000: 7640 W. Rascher

This 3-bedroom Cape Cod at 7640 W. Rascher in the Oriole Park neighborhood of Norwood Park recently came on the market. Built in 1954 on an oversized 40×125 lot, it not only has a finished basement but a main level family room with custom stone fireplace. The kitchen has white cabinets, granite counter tops and stainless […]

2-Bedroom Lincoln Park Coach House Listed $14,600 Under the 1997 Price: 1143 W. Armitage

Several of you have written me inquiring about this bank owned 2-bedroom vintage coach house at 1143 W. Armitage in Lincoln Park. (This is a picture of the front part of the building. The coach house is in the back part of the lot.) Up until recently, the listing didn’t have interior pictures but it […]

Vintage Lakeview 2/2 With Parking Now Listed at $300,000: 3126 N. Clifton

We last chattered about this top floor 2-bedroom at 3126 N. Clifton in Lakeview in March 2011. See our prior chatter here. It has since been reduced another $25,000 and is now priced at $94,000 under the 2006 purchase price at $300,000 (if you include the parking.) Back in March, some of you thought at […]

We Love 3-Bedroom Penthouses With 25×25 Terraces: 330 N. Jefferson in the Near West Side

This 3-bedroom duplex penthouse in the Jefferson Tower at 330 N. Jefferson in the Near West Side is like townhouse living except in the sky. 2 out of the 3 bedrooms are on the second floor with the living/dining/kitchen and one bedroom being used as an office on the main level. The unit has a 25×25 west […]

3-Flat in North Center Sells for $94,500 Under the 2005 Price: 1929 W. Berteau

We last chattered about this 3-flat at 1929 W. Berteau in North Center in March 2011. See our prior chatter here. At the time, the chatter was mainly about how much money developers were willing to pay for a lot in the Coonley school district as most didn’t believe an investor would buy the property or that […]

Are Bank Owned Units a Deal in 1717 S. Prairie in the South Loop?

I’ve been getting inquiries about the status of 1717 S. Prairie in the South Loop. If you recall, the building was in litigation with the developer over water issues. Here’s a bit about what is going on (taken from a NY Times article in April 2010.) The view from Tom and Jane Justic’s eighth-floor condominium […]

A Foreclosure in 2008 and Now Trying to Sell Again in 2011: 440 N. McClurg in Streeterville

This 2-bedroom duplex-up townhouse style unit in Cityview at 440 N. McClurg in Streeterville has been on and off the market since April 2010. In 2008, the unit was bank owned and being sold in move in condition. In 2008, it sold for $60,000 under the 2004 purchase price of $340,000. (A deal?) It came back […]