Archive for March, 2012

After 5 Years, Has This “Boarded Up” 5-Bedroom House Finally Found a Buyer? 2030 W. Leland in Lincoln Square

This 5-bedroom new construction home at 2030 W. Leland in Lincoln Square was first listed for sale in April 2007. It was on the market, and under contract at least once, until 2010 when it vanished without ever selling. I took the picture in this post in August 2010 before it was boarded up. I […]

Re-Selling a 2-Bedroom In The Silver 3 Years Later: 303 W. Ohio in River North

This 2-bedroom re-sale in The Silver, the newer construction tower at 303 W. Ohio in River North, just came on the market. There haven’t been many resales in the building, which the listing now says is 100% sold. Purchased 3 years ago for $399,500, it is currently listed for $400,000. At 1080 square feet, it […]

Eddystone 3-Bedroom “Mansion in the Sky” Reduced to $699K: 421 W. Melrose in Lakeview

We’ve been following this 3-bedroom duplex up vintage gem in The Eddystone at 421 W. Melrose in Lakeview since 2008. In that time, the price has been reduced $1,191,000 to $699,000. We last chattered about it in August 2010 when it had been reduced to $999,000. See that chatter here. Back in 2010, Laura chimed […]

Why Buy a Townhouse When You Can Get a 3-Bedroom Cottage Instead? 2225 W. Shakespeare in Bucktown

This 3-bedroom cottage at 2225 W. Shakespeare in Bucktown has been on the market since September 2011. In that time it has been reduced $24,000 to $575,000. Built in 1891 on a smaller than standard Chicago lot measuring 24×100, it has a new 2-car garage. Two of the three bedrooms are on the second floor […]

Market Conditions: Cook County February Foreclosures Surge Year Over Year

Realty Trac is reporting that Cook County foreclosures soared 51% in February compared to February of a year ago. “In Cook County last month, 3,106 mortgage holders were notified that their properties had fallen into default and foreclosure proceedings had begun. Another 1,894 properties were scheduled for court-supervised auction while 2,045 became bank-owned. That level […]

Get a Gold Coast 2-Bedroom For About 10% Under the 2009 Price: 57 E. Delaware

This 2-bedroom in The Bristol at 57 E. Delaware in the Gold Coast has been on the market since March 2010. Purchased in June 2009- after the Great Recession began-  for $615,000, it is now listed about 10% under the 2009 purchase price at $559,900. At 1500 square feet, it isn’t one of the smaller […]

An American 4-Square With “Old World Details” in Old Norwood Park: 5820 N. Newark

When you think of Old Norwood Park, you may think of a house like this American Four Square at 5820 N. Newark. Built in 1890 on an oversized 78×193 lot, it has retained much of its vintage details including stained glass, crown molding and wood doors. Yet it also has modern conveniences like central air and […]

We Love Duplex Up Penthouses With 33 Foot Cathedral Ceilings: 1444 N. Orleans in Old Town

  This 3 bedroom penthouse in Royalton Towers at 1444 N. Orleans in Old Town has been on and off the market since September 2010. It is a north east corner unit with 33 foot cathedral ceilings in the living room. Two of the bedrooms are on the main floor with the third on the […]

Has the Market Improved? 4-Bedroom North Center Rowhouse Returns: 4143 N. Damen

We last chattered about this 4-bedroom rowhouse at 4143 N. Damen in North Center 2 years ago. See the March 2010 chatter here. At that time, the rowhouse had been on the market since August 2009 and was listed for $799,900. It was withdrawn from the market without a sale. If you recall, the rowhouse was built […]

11 Months Later This Sold Bank Owned 2/2 Is Back on the Market: 507 W. Aldine in Lakeview

I couldn’t hardly believe my eyes when I saw the new listings this morning. 507 W. Aldine #2B in East Lakeview is back on the market after having been listed for years as a distressed property. It finally sold from the bank 11 months ago. See our April 2011 chatter here. I thought we were […]