Archive for February, 2012

Catching a Falling Knife in East Lincoln Park: A 2-Bedroom at 2124 N. Hudson

In the last 9 years, this 2-bedroom garden unit at 2124 N. Hudson has sold 3 times and is currently on the market for the fourth time. It is a short sale and is under contract. Normally I don’t like to chatter about properties under contract but this one has such an interesting sales history, […]

Market Conditions: Could a Lower Supply of Foreclosures Actually Mean Lower Prices?

Conventional wisdom would have it that as the number of foreclosures and short sales declines, then that should put a floor under prices as its these properties that have been bringing down overall housing prices. However, as Diana Olick, the real estate reporter at CNBC, recently found out when she talked to some experts on […]

Lincoln Park 2-Flat Comes on the Market for Just $250,000: 1828 N. Bissell

This 2-flat at 1828 N. Bissell in Lincoln Park just came on the market priced at only $250,000. It’s so new I don’t even have a picture yet but Clio wanted to know: How many offers will it get? What will it sell for? The listing calls it an “investor’s dream.” Built in 1890 on a […]

Get a 2-Bedroom Duplex Up in This Former House of Worship: 1021 W. Barry in Lakeview

This 2-bedroom duplex up in the converted church at 1021 W. Barry in Lakeview has been on the market for 11 months. In that time, it has been reduced $139,100. Unlike some of the converted church units we’ve chattered about over the years, this church unit actually has some of its original church features intact […]

Market Conditions: Sales of New Downtown Condos Plunge 54% in 2011

Crain’s is reporting that sales of new downtown condos reached a new 3 year low in 2011. According to the Appraisal Research Counselors, sales fell 54% year over year. 2011: 770 sales 2010: 1682 sales 2009: 1891 sales With new rental high rises that were either built as condo building originally (and converted to rentals) […]

We Love 3-Bedroom Penthouses in Converted Churches: 1243 N. Wolcott in Wicker Park

This 3-bedroom duplex in a converted church at 1243 N. Wolcott in Wicker Park just came on the market. We’ve chattered about a lot of church units in the past. It has exposed brick, bamboo floors and skylights. The listing says it has a chef’s kitchen with granite counter tops and stainless steel appliances. The […]

Reduced to $3 Million from $5.8 Million in 2008: 1258 N. Lake Shore Drive in the Gold Coast

Thanks to the Groove for pointing out that this 4-bedroom Holabird and Roche single family home at 1258 N. Lake Shore Drive in the Gold Coast recently reduced its price…again. We first chattered about it all the way back in July 2008, when Crib Chatter was still in its infancy and Lehman Brothers still existed. […]

3-Bedroom Loft Triplex Reduces $155,000 in Past 11 Months to $295K: 1601 W. School in Lakeview

We’ve chattered about this 3-bedroom loft triplex at 1601 W. School in Lakeview several times over the past 11 months. See our October 2011 chatter here. First listed in March 2011 for $450,000, it has been slowly reduced $155,000 to just $295,000. In our first chatter, some of you thought it might sell for around […]

Get a 3-Bedroom With 100 Feet of Lake Views: 340 W. Diversey Parkway in Lakeview

This 3-bedroom in the Mies Van Der Rohe high rise the Commonwealth Plaza at 340 W. Diversey Parkway in Lakeview just came on the market. Built in 1957, the unit has North and East views which means you get city (but no downtown views) and the lake. The listing says it has 100 feet of […]

Back To The 2001 Price For This South Loop 2-Bedroom? 1430 S. Michigan

  This 2-bedroom in the mid-rise at 1430 S. Michigan in the South Loop just came on the market. Built in 2001, it is a “soft loft” type unit with exposed duct work and concrete ceilings. The listing says, however, that the bedrooms have full ceiling height (which some soft lofts do not.) There are […]