Archive for December, 2011

Buy This 4-Bedroom Old Town House for $221K Under the 2007 Price: 304 W. Willow

We last chattered about this 4-bedroom single family home at 304 W. Willow in the heart of Old Town in May 2011. See our prior chatter here. Many of you thought the taxes were too high (looks like they have been reassessed since then as they’re now $7,000 lower) and that the price was too […]

Get 5 Decks, a Jacuzzi and a Tikki Bar with this 3-Bedroom Duplex Up: 1348 W. Addison in Southport

This 3-bedroom duplex up at 1348 W. Addison in the Southport neighborhood of Lakeview has been on the market since August 2011. It is the perfect property for the person who loves their outdoor space. The listing says it has 5 outdoor decks including one terrace measuring 20×25 and a private rooftop deck measuring 1400 […]

The Top Story of 2012: Will REOs and Short Sales Take Over the Market?

The increase in REOs and short sales was a hot topic of conversation leading into 2011. Yet here we are another 12 months later and, if anything, it has seemed to have gotten worse. The outer neighborhoods of the city have been ravaged by REOs and short sales for several years now. But the pace […]

Trying to Sell a 3/3 Duplex Down 12 Years Later: 2715 N. Southport in Lincoln Park

This 3-bedroom duplex down at 2715 N. Southport in Lincoln Park has been on the market since September 2010. In those 14 months it has been reduced $65,000 to $559,900. Originally built in 2000, it has hardwood floors and custom crown molding throughout. 2 out of the 3 bedrooms are on the main floor with […]

Back to the 2001 Price for this Old Town 2-Bedroom? 1515 N. Wells

This 2-bedroom at 1515 N. Wells in the heart of Old Town just came on the market. Out of the gate, it has been listed for $56,500 less than the 2004 purchase price and just $16,000 over the 2001 price. Built in 2001, the unit has the standard features of the era including wood floors […]

Second Biggest Story of 2012: How Many New Luxury Condos Will Sell?

2011 marked the first year in over 15 years that there were no new closings on high rise condo units. But that will change in 2012 when two luxury buildings finish construction. Lincoln Park 2520 at 2520 N. Lakeview on Lincoln Park and The Ritz  Carlton Residences at 664 N. Michigan on the Mag Mile will start closings as […]

4-Bedroom SFH in The Villa on Huge Lot Reduces $149K: 3625 N. Springfield in Irving Park

We last chattered about this 4-bedroom single family home at 3625 N. Springfield in the historic Villa neighborhood of Irving Park in September 2011. See our prior chatter here. Back then, we chattered about whether a house in the Villa neighborhood could command over $1 million. Since then, the house has reduced $149,000 to $1,050,000. […]

18 Months and Still Waiting on a Buyer for This Custom Built 3-Bedroom SFH: 1748 W. Cortland in Bucktown

This 3-bedroom single family home at 1748 W. Cortland in Bucktown has been on the market since July 2010. In that time it has been reduced just $26,000. The listing says it was custom built by renowned archiect Joe Valerio. The house, on a 24×125 lot, has a 2-story living room with a lofted bedroom. […]

Third Biggest Story of 2012: Affordable New Construction Makes a Comeback

In the last few months of 2011, we’ve been chattering about more new construction projects than we did the prior years. These include new construction million dollar homes and 3 and 6 flat condo developments. Sure, it’s not like it was during the boom time but with prices still falling for the current crop of […]

You Can Still Buy This Keck & Keck Mid-Century Modern 4-Bedroom: 2939 W. Catalpa in Budlong Woods

We last chattered about this 4-bedroom Keck & Keck mid-century modern single family home at 2939 W. Catalpa in Budlong Woods (which is just north of Lincoln Square) in September 2009. See our prior chatter here. Since that time, the house has been on and off the market. It has been reduced about $300,000 in […]