Archive for January, 2012

Are Prices Still Falling for the 2/2s in One Museum Park? 1211 S. Prairie in the South Loop

By popular request, this 2-bedroom re-sale in One Museum Park at 1211 S. Prairie in the South Loop has been on the market since August 2011. In that time, it has been reduced $50,000. The listing says it has had $70,000 worth of upgrades in the kitchen and baths. The kitchen has cherry cabinets, stainless […]

Looking for a 4-Bedroom Pre-War Beauty in Uptown? 4639 N. Beacon

This 4-bedroom top floor unit at 4639 N. Beacon in Uptown has been on the market nearly 2 years. Built in 1915, it has most of its vintage features intact including built-ins in the living room and dining room along with a beamed ceiling and crown molding. But it also has the modern conveniences buyers look […]

Market Conditions: Condo Buildings Struggle to Get and Maintain FHA Approval

Just as credit remains tight, especially for new buyers who might not have a large downpayment, comes word that some condo buildings in Chicago are losing FHA eligibility and others that are applying for it are getting turned down. From the Chicago Tribune: Since Feb. 1, 2010, condo buyers haven’t been able to secure unit-by-unit […]

It’s Back: “Buyers Walked” from 4-Bedroom SFH at 3037 W. Belden in Logan Square

We last chattered about this 4-bedroom bungalow with 2 kitchens at 3037 W. Belden in Logan Square in September 2011. See our September chatter here. At the time, the number of bedrooms seemed confusing as the listing said 4 but only listed 3 bedrooms. It’s now listed as 4 bedrooms with one on the second […]

Historic West Ridge Mansion Reduced to $1.29 Million from $2.45 Million in the Last Year: 2100 W. Pratt Blvd.

We’ve chattered about this 12,000 square foot historic mansion at 2100 W. Pratt Boulevard in West Ridge several times in the last year. See our June 2011 chatter here. Back in June, it had been reduced to $1.89 million from $2.45 million. Many of you thought that was getting more reasonable and that it might […]

Market Conditions: December Sales Rise 6.4% YOY But Median Price Declined Again

It’s time for more monthly housing data from the Illinois Association of Realtors. We already know from G and Gary that sales rebounded year over year but the median price continues to slide. From the Illinois Association of Realtors: In the city of Chicago, December 2011 home sales (single family and condominiums) totaled 1,536, up 6.4 […]

“Once In a Lifetime” Victorian Sells for $409K: 2633 N. Central Park in Logan Square

We last chattered about this renovated 3-bedroom Victorian at 2633 N. Central Park in Logan Square in August 2011 after it had been reduced $40,000 to $449,000. See our prior chatter here. This is one of the many properties that had been bank owned, was rehabbed and then came back on the market. Even after the […]

Will This Short Sale 2/2 in Lakeview Sell for Under $200K? 3900 N. Pine Grove

We last chattered about this 2/2 in the Coronado at 3900 N. Pine Grove in September 2011. See our prior chatter here. Although the last chatter evolved into a discussion on if Chicago was becoming the next Detroit (!), some of you did manage to guess what this unit, then priced at $239,000, might actually […]

“Complete Gut” For This 1-Bedroom in the Marlborough: 400 W. Deming in Lincoln Park

We actually last chattered about this 1-bedroom in the historic Marlborough at 400 W. Deming in Lincoln Park in February 2010 when the bank decided to try and rent the unit out. See our prior chatter here. That strategy was soon abandoned and the bank owned unit came on the market in September 2010. But […]

Over 3 Years Later, This 3-Bedroom Bucktown Cottage Reduces to $389,900: 1641 N. Claremont

We last chattered about this 3-bedroom Bucktown brick single family home at 1641 N. Claremont in March 2010. See our prior chatter here. It came on the market in October 2008 and has been on and off ever since. I didn’t have an exterior picture of it then and I STILL don’t have one. Sorry. […]