Archive for February, 2012

Will This 3-Bedroom SFH in Bell Go Under $500K? 1911 W. Berenice in North Center

We’ve chattered about this 3-bedroom single family home at 1911 W. Berenice in North Center several times since it first came on the market on November 1, 2011. See our January 2012 chatter here. Originally listed for $545,000 it has now reduced to $515,000. It is now listed $10,000 under the 2004 purchase price. Back […]

Yes, There Are Bank Owned 2-Bedroom Townhouses At 18% Off The 2004 Price in Lincoln Park: 1003 W. Dickens

This 2-bedroom townhouse at 1003 W. Dickens in Lincoln Park just came on the market priced about 18% below the 2004 purchase price. The listing calls it a “rare find”  because it is bank owned (and in Lincoln Park). From the pictures, it appears the kitchen and baths are intact. The kitchen has white cabinets, […]

Are The Flippers Back? 1-Bedroom Loft Back on the Market at 1601 S. Michigan in the South Loop

  This 1-bedroom loft at 1601 S. Michigan in the South Loop just came back on the market after selling as a short sale sometime between December 2011 and February 2012 (I can’t tell exactly from the public record.) We last chattered about it in March 2011 when it was listed for just $100,000. See […]

Get a Lincoln Park 3-Bedroom Townhouse for Under $360,000: 1801 W. Diversey

  We’ve chattered about some of the townhouses in this gated development at 1801 W. Diversey in Lincoln Park before. This 3-bedroom unit, #4, has been on the market since January 2012. It has two bedrooms on the second floor with a lofted third bedroom (or den) that has skylights. The kitchen has white cabinets, […]

What Would You Pay For a Luxury 1-Bedroom in the Gold Coast? 30 W. Oak

  This large 1-bedroom in 30 W. Oak in the Gold Coast came on the market in January 2012. The listing says it is the “only one of its kind in the building.” 30 W. Oak is popular for its larger units with south facing views. This one bedroom faces west and north. But it […]

64% Off the 2006 Price For This Short Sale 4 Bedroom in Grand Boulevard: 606 E. Oakwood Blvd.

This 4-bedroom vintage rowhouse at 606 E. Oakwood Boulevard in Grand Boulevard has been on the market since November 2011. It is a short sale. In 2006, it sold for $825,000 and is now listed at just $300,900. Built in 1881 on an oversized 25×169 lot, it has central air and a 2 car garage. […]

Is $300,000 the New Price for a 2/2 in River North? 849 N. Franklin

This 2-bedroom in the Parc Chestnut at 849 N. Franklin in River North (or is this Gold Coast here?) has been on the market since November 2011. It is a short sale. There is no square footage listed but it appears to be one of the smaller 2/2s as it has a pullman style kitchen […]

Get a 3-Bedroom House in the Burley School District for Just $549,900: 1303 W. Nelson in Lakeview

This 3-bedroom house at 1303 W. Nelson in Lakeview just came on the market listed at $549,900. That is the price for many 3-bedroom duplexes and townhouses in the neighborhood. Built in 1891 on a 25×123 lot, it has 2 bedrooms plus a bath on the upper level and an in-law suite on the lower […]

Market Conditions: Will Student Debt Keep the Housing Market Depressed for Years to Come?

We’ve often chattered about the rising level of student debt and how that could stifle any kind of housing recovery. Bloomberg Businessweek explores this very topic this week: Roshell Schenck has a Ph.D. in pharmacy and earns $125,000 a year. Yet, because she has more than $110,000 in student loan debt, counselors have told her […]

Another $20K Price Reduction on Our Favorite Church Unit: 1658 W. Superior in West Town

We’ve chattered about this 2-bedroom in the converted church at 1658 W. Superior in West Town several times. See our October 2011 chatter here. This unit was originally listed all the way back in June 2010. It was recently reduced another $20,000 and has now been reduced $100,000 since 2010. For most of you, this […]