Archive for September, 2011

“The Best Deal in Roscoe Village” Reduces Another $20K: 3134 N. Oakley

We last chattered about this 3-bedroom single family home at 3134 N. Oakley in North Center in August 2011. See our prior chatter here. If you remember, this house had been bank owned earlier this year and sold in July for $285,000. Just weeks later it returned to the market listed for $134,000 more than the previous sale at […]

Who Will Save The DuPont-Whitehouse Mansion? 3558 S. Artesian in McKinley Park

This 3-bedroom Italianate mansion at 3558 S. Artesian in McKinley Park has been on the market since June 2010. In that time it has been reduced $150,900 to $199,000. Built in 1875, it was the mansion for the Chicago based agent of DuPont gunpowder. The house apparently has been moved a block and a half […]

Market Conditions: The Higher Federally Guaranteed Mortgage Limits Are Expiring Oct 1

We  have chattered previously about the expiration of the higher limits on FHA, Fannie and Freddie backed mortgages that is effective as of October 1. The limits were raised in expensive locations, mainly on the East and West coasts, in the original stimulus bill. In the high cost areas, the cap will fall from $729,750 […]

A Little Piece of Paris Reduces Another $91K: 3314 N. Lake Shore Drive in Lakeview

We last chattered about this 2-bedroom in the 1920 Beaux Art style mid-rise at 3314 N. Lake Shore Drive in Lakeview in January 2011. See our prior chatter here. Described in the previous listing as a little piece of Paris, it was listed at $375,000. It’s almost eerie how accurate some of the comments were […]

Looking for a Streeterville 2/2 With Some Lake Views? 530 N. Lake Shore Drive

This 2-bedroom at 530 N. Lake Shore Drive in Streeterville has been on the market since April 2011. In that time it has been reduced $124,000. It is now listed $35,000 under the 2009 purchase price. This is no typical downtown 1200 square foot 2/2. At 1490 square feet, it is much larger with a […]

Buy a Vintage 3-Bedroom Bungalow With 2 Kitchens: 3037 W. Belden in Logan Square

This 3-bedroom brick bungalow at 3037 W. Belden in Logan Square has been on the market since January 2010. In that time it has been reduced $175,000 and is now a short sale. Built in 1890, it has a rare double lot measuring 50×140. It also has not just 1 but 2 kitchens, with the […]

Selling a 3/3 Just 18 Months Later in Lakeview: 3763 N. Wilton

This 3-bedroom at 3763 N. Wilton in Lakeview came on the market in May 2011 just 18 months after it had previously sold. The building was built in 2008 and units sold in both 2009 and 2010. All 10 units did sell. This is the first resale however. The building has an elevator. The 1800 […]

Looking for a 2-Bedroom In-Town in River North? 101 W. Superior

This 2-bedroom at 101 W. Superior in River North has been on the market since May 2011. In that time it has been reduced $36,000. This building was new construction in 2004. It has the finishes of that era including cherry cabinets, granite and stainless steel in the kitchen. This is a southeast corner unit […]

Trying to Sell a 2-Bedroom SFH in Bucktown for the Last Year: 1719 W. Wabansia

This 2-bedroom single family home at 1719 W. Wabansia in Bucktown has been on and off the market for nearly a year. Originally listed at $799,000 in October 2010, it has been reduced $100,000 in that time. Built in 1987 on an oversized lot of 37×125, it has side and rear gardens and a 2-car […]

We Love Authentic 2-Bedroom Brick and Timber Lofts: 1601 S. Indiana in the South Loop

This 2-bedroom loft at 1601 S. Indiana in the South Loop has been on the market for 13 months. In that time, it has been reduced $39,900. This loft has features loft lovers cheer over including multiple brick walls and timber ceilings. It also has a split floor plan with the second bedroom on the […]