Archive for December, 2011

Are Distress Sales on the Rise in Lincoln Park? A 2-Bedroom at 2029 N. Racine

This 2-bedroom at 2029 N. Racine in Lincoln Park has been on the market over two and a half years. It is now a short sale and is listed $25,500 under the 2000 purchase price. At 1600 square feet, it has a separate dining room with pocket doors. It also has 11 foot ceilings and […]

Get a Turret and 4-Bedrooms in Oak Park For Under $525K: 1217 N. Columbian

We recently chattered about a 3-bedroom 1930s tudor at 1717 N. Normandy in Galewood that was just a block north of North Avenue and the Oak Park border that was listed at $390,000. See our prior chatter here. Some of you commented that you might as well live in Oak Park.  But Russ said: “Looks […]

When the Bank Sets the Comp in the Building: 1515 S. Prairie in the South Loop

This 3-bedroom in the Prairie House at 1515 S. Prairie in the South Loop recently came back on the market. This 11th floor unit had originally been listed 2 years ago at $735,000 and has been reduced $235,500 over that time to $499,500. The unit right underneath it, Unit #1006, also came back on the market […]

For The Groove: Get a Storybook 3-Bedroom Tudor in Galewood: 1707 N. Normandy

This 3-bedroom tudor at 1707 N. Normandy in the Galewood neighborhood of Austin has been on and off the market since August 2010. It has a turret entry and arched doorways. The kitchen has been updated with maple cabinets, granite counter tops and stainless steel appliances. All 3 bedrooms are on the second floor. There […]

Market Conditions: Should the Epsteins Have Rented a House Instead of Buying?

Crain’s is reporting that new Cubs GM Theo Epstein and his wife purchased a new construction home at 3618 N. Greenview in the Southport neighborhood of Lakeview for $3.25 million in November. The house had been on the market a year and was listed at $2.999 million. Crain’s is reporting that the Epsteins paid 8.3% over […]

Raise Your Kids in This 3-Bedroom East Lakeview Townhouse: 3012 N. Waterloo

This 3-bedroom townhouse at 3012 N. Waterloo in East Lakeview came on the market in October 2011. It’s had the same owner for the last 21 years. Built in 1974, the listing says it has a “new kitchen” with oak cabinets, granite counter tops and stainless steel appliances. The bathrooms have also been updated and now […]

Get a 3-Bedroom Townhouse with a Garage for Under $450K: 1125 W. Newport in Lakeview

This 3-bedroom townhouse at 1125 W. Newport in Lakeview is on the market for the first time in 15 years. The fee simple townhouse is a highly coveted corner unit (more windows!) with a private one car garage. The listing says it is the “first resale by the original owners.” It has a new roof, master bath, […]

Raise Your Kids in This 3-Bedroom Townhouse: 2610 N. Orchard in Lincoln Park

We’ve been chattering about where you can “raise your kids” in the GreenZone in a 3-bedroom for under $500,000. This 3-bedroom townhouse at 2610 N. Orchard in Lincoln Park fits the bill. Built in 1978, the listing says it has a “new kitchen”, complete with stainless steel appliances, and “remodeled” baths. Two bedrooms are on […]

Distress Sales Continue in Millennium Center in River North: 33 W. Ontario

How many years will it be before the distress sales are finished in Millennium Center at 33 W. Ontario in River North? They are still occuring on a pretty regular basis. This 2/2 on the 38th floor is the latest listing to hit the market. It is a Fannie Mae property. The listing says there is new […]

Is This Vintage 2/2 the Best Deal in East Lakeview? 521 W. Surf

A few years ago, I used to get e-mails from first time homebuyers desperate to buy a 2/2 for under $300,000 anywhere in Lakeview. Flash forward, and now buyers can get a 1700 square foot top floor 2/2 like this one at 521 W. Surf in East Lakeview for under $300,000. It has all the […]