Archive for December, 2011

Your 4-Bedroom Castle Awaits for Under $370,000: 6721 S. Bennett in Jackson Park Highlands

This 4-bedroom “castle” at 6721 S. Bennett in the Jackson Park Highlands neighborhood of South Shore on the South Side has been on and off the market since March 2008. It has now been reduced about 45% from its 2008 list price and is being sold “as-is.” The house was built in 1929 on an […]

Market Conditions: November Median Home Price Fell 12.3% YOY in Chicago But Sales Rose

It’s that time of the month again. The Illinois Association of Realtors is out with the November sales data. Hooray! Something to chatter about at the slow time of the year. As we already know from G posting the data a few weeks ago, sales rebounded but the median price continues to plunge as short/REO properties […]

Historic Rowhouse Sells for Just $7500 Above the 2001 Price: 3814 N. Alta Vista in Lakeview

We last chattered about this 3-bedroom historic rowhouse on the popular “street of 40 doors” at 3814 N. Alta Vista Terrace in Lakeview in August 2011. See our prior chatter here. Back then, many of you thought this was a deal as it was listed out of the gate at $63,000 under the 2004 purchase […]

This Lincoln Park 2-Bedroom Returns to Crib Chatter 4 Years Later: 549 W. Belden

We last chattered about this vintage 2-bedroom at 549 W. Belden in Lincoln Park in September 2007. See our prior chatter here. At that time, Crib Chatter was brand new and prices had just started to soften- even in Lincoln Park. Listed for $359,000 in September 2007 it ended up selling in February 2008 for […]

Looking for a 3-Bedroom House Under $340K? 2917 N. Rockwell in Avondale

This 3-bedroom single family home at 2917 N. Rockwell in Avondale just came on the market. The listing said it was renovated in 2006. Built on a standard Chicago lot of 25×125, it has central air and a 2-car garage. All three bedrooms are upstairs. There is also a main level family room and a […]

Buy or Rent This 2/2 on Washington Square Park? 55 W. Delaware in the Gold Coast

  This top floor 2-bedroom in the Park Newberry at 55 W. Delaware in the Gold Coast has been on the market since August 2011. In that time it has been reduced $35,000. At 1384 square feet, it has a renovated galley kitchen with granite counter tops and stainless steel appliances. It has the features […]

Get a Vintage Gold Coast 2-Bedroom for $116K Under the 2005 Price: 104 W. Oak

This top floor 2-bedroom at 104 W. Oak in the Gold Coast recently returned to the market after being under contract since October. Off and on the market nearly 3 years, it is now a short sale. 104 W. Oak was converted into condos at the height of the housing boom. The elevator building kept […]

From $30K to $320K for this Renovated 4-Bedroom Rowhouse: 640 E. Oakwood in Grand Boulevard

  This 4-bedroom rowhouse at 640 E. Oakwood in the Grand Boulevard neighborhood on the South Side recently came on the market. Built in 1882 on a 17×125 lot, the rowhouse has been renovated. Unfortunately, none of the interior vintage features remain but that’s not the fault of the current renovator. This rowhouse was bank […]

Market Conditions: How to Pay for the Payroll Tax Cut Extension? Tax Mortgages

I don’t know how many of you are paying attention to what is happening in Washington with the discussion over extending  the payroll tax cut. The latest is a 2 month extension mainly so that Congress can get home for the holidays and then continue fighting about it in 2012. A 2-month extension of the payroll […]

One of the Cheapest SFHs in Lakeview Reduces Another $20K: 3352 N. Marshfield

We’ve chattered about this 3-bedroom house at 3352 N. Marshfield in Lakeview several times since it came on the market in March 2011. See our July 1, 2011 chatter here. In July, the house had reduced $30,000 to $469,900 but most of you thought it was still overpriced. Most of the guesses were around $375,000 […]