Archive for April, 2012

Market Conditions: Signs Of Life As March Sales Jump 12.1% And Median Price Also Rises 5.2% YOY

I couldn’t get to the IAR monthly home sales report when it came out yesterday (sorry!) but here it is for what I’m sure will be a lively Friday discussion. As we’ve already been chattering about for some time, sales rose in March year over year. Median price also rose. In the city of Chicago, […]

2 Years Later, Our Favorite Lincoln Park Coach House Reduces Under $300K: 2011 N. Kenmore

We’ve chattered about this 1-bedroom coach house at 2011 N. Kenmore in Lincoln Park several times over the last year. See our December 2011 chatter here. Until March 2012, the price hadn’t seen a reduction in a year. The sellers were sticking with $315,000. In December, most of you thought it had to be listed […]

23% Off the 2008 Price for This Gold Coast 2-Bedroom: 1427 N. Dearborn

This 2-bedroom in the Cordova at 1427 N. Dearborn in the Gold Coast has been on and off the market since July 2010. It recently came back on the market significantly reduced from its prior list price. The third floor vintage unit has 1700 square feet and some of its vintage features like a wood […]

East Lincoln Park 2-Bedroom Coach House Now $10K Under 2004 Price: 337 W. Armitage

We last chattered about this 2-bedroom contemporary coach house at 337 W. Armitage in Lincoln Park in November 2011. See our prior chatter here. At the time, it was listed at $500,000. Not surprisingly, most of you thought that was too high. Most thought $400,000 was more likely to see a sale. Since November, it […]

Looking for a 2/2 in University Village Under $300K? 1451 S. Halsted

This 2-bedroom in the Ivy Hall at 1451 S. Halsted in the University Village neighborhood of the near south side was originally listed on the market in January 2011 (the photo above is from the group of buildings in the Ivy Hall condos on this block of Halsted.) It was an upgraded unit and has stainless steel appliances, granite counter tops […]

Selling the 3-Bedroom Rehabbed Loft Less Than 2 Years Later: 3900 N. Claremont in North Center

This 3-bedroom duplex in the St. Ben’s Loft at 3900 N. Claremont in North Center is back on the market just 21 months after it last sold. It has been rehabbed, however, and now has a newer kitchen with what looks like a new kitchen island with a wine fridge, new granite counter tops and […]

After 4 Years, Will This Lakeview Penthouse Finally Sell in 2012? 920 W. Barry

This 3 bedroom top floor unit at 920 W. Barry in Lakeview has been on and off the market since December 2007. At 2000 square feet, it has two outdoor spaces including a front terrace and a private roofdeck. The unit is “extra wide” at 34 feet. It has luxury finishes including Bosch and Viking […]

“Featured in Countless Magazines”: A 1-Bedroom at 909 W. Wisconsin in Lincoln Park

This 1-bedroom at 909 W. Wisconsin in Lincoln Park is familiar to those of you who peruse such sites like Apartment Therapy (which is where I saw it). But the listing also says it has been “featured in countless magazines” as it’s a “top Chicago designer’s own pied-a-terre.” Now’s your chance to buy it (but, […]

Are High Floor 1-Bedrooms On Sale in One Museum Park? 1211 S. Prairie in the South Loop

This 39th floor 1-bedroom in One Museum Park at 1211 S. Prairie in the South Loop just came on the market. The unit is not one of those small 800 square foot one bedrooms. At 1002 square feet, it has an 8×7 den. The listing says it has views of the lake, museums, Navy Pier […]

Market Conditions: Crain’s: Is Chicago’s Upper Bracket Condo Market Just Fine?

I was struck by the title of a link to an article on Crain’s today which said: “Upscale condo owners: What downturn?” But when I clicked on the article, I found it mainly focused on Trump Tower and how more than half of the owners who have resold in that building have actually seen appreciation. […]