Archive for September, 2011

Bank Owned 2/2 in Old Town Finally Sells: 222 W. Division

We last chattered about this 2-bedroom in the Venetian at 222 W. Division in Old Town in August 2011. See our prior chatter here. On the market since May 2011, it had been reduced to where it was listed at 40% off the 2004 purchase price at $249,900. The unit recently sold for $242,000. If […]

Forget the 2003 Price, Now It’s Under the 2001 Price: 3515 N. Lakewood in Lakeview

We last chattered about this 2-bedroom at 3515 N. Lakewood in the Southport neighborhood of Lakeview a year ago- in September 2010. See our prior chatter here. At that time, it was listed $11,000 under the 2003 purchase price at $270,000. One of you thought it would sell closer to $225,000. In the last year, […]

French Normandy Lannon Stone Castle Waiting for a Buyer: 5861 N. Forest Glen in Sauganash

This 3-bedroom “French Normandy lannon stone castle” at 5861 N. Forest Glen in the Sauganash neighborhood of Forest Glen has been on the market since January 2011. In that time, it has been reduced $80,000 to $699,000. Built in 1939 on an oversized Chicago lot measuring 60×266.4×71.61×227.4, it has an attached 2-car garage. The house […]

Get a 3-Bedroom Townhouse in East Lincoln Park for Under $400K: 344 W. Dickens

This 3-bedroom 3-story townhouse at 344 W. Dickens in East Lincoln Park came on the market in August 2011. It has already reduced $50,000 to $399,000. Built in 1962, the complex consists of 10 townhouses. There is no monthly association fee but simply a once a year payment of $215 for snow removal and other […]

Market Conditions: August Chicago Home Sales Jump 20.3% YOY; Median Price Falls Again

The August 2011 home sales data is out from the Illinois Association of Realtors. Once again, sales rebounded from August of 2010 but remember, last year’s sales data was especially low due to the expiration of the first time homebuyers tax credit at the end of June which had pulled forward sales by several months. […]

2-Bedroom Bucktown Loft With Wraparound Terrace Sells: 1750 N. Wolcott

We last chattered about this 2-bedroom brick and timber loft in the Signature Lofts at 1750 N. Wolcott in Bucktown in July 2011. See our prior chatter here. Listed for $459,000, or $107,500 above its 2001 purchase price, no one had a guess on what it would sell for. One of you did predict it […]

Get a “Lovely 4Bed/2Bath Home” in Morgan Park for $11,500: 1329 W. 111th

This 4-bedroom 2-flat at 1329 W. 111th in Morgan Park just came on the market. It is bank owned. The listing describes it as a “LOVELY 4BED/2BATH HOME WITH SPACIOUS ROOMS. GREAT BUY FOR BEGINNING INVESTOR OR LARGE FAMILY. ” Be sure to check out the listing pictures. The kitchen appears to have some of […]

This 3-Bedroom Called “Paris in Lakeview” Reduces: 504 W. Barry

We last chattered about 504 W. Barry in Lakeview back in April 2011. See our prior chatter here. Back then, we chattered about Unit #3W, described as a “gothic jewel.” But in May 2011, Unit #2W, right below it, came on the market. The listing describes it as “Paris in Lakeview.” Built in 1927, the […]

East Lincoln Park 3-Bedroom Sells for 25% Under the 2002 Price: 2341 N. Commonwealth

We last chattered about this short sale 3-bedroom at 2341 N. Commonwealth in Lincoln Park in May 2011. See our prior chatter here. Back then, it was priced 20% below the 2002 price at $329,900. But some of you thought it was a bait and switch of some kind and that there was no way […]

Trying to Sell a 3-Bedroom 3 Years Later in Ravenswood Manor: 3001 W. Wilson

This 3-bedroom at the Vines of Ravenswood at 3001 W. Wilson in the Ravenswood Manor neighborhood of Albany Park came on the market in August 2011. That is just over 3 years since it last sold in July of 2008. The unit has a vintage layout with a full-size dining room as well as a […]