Archive for May, 2012

Market Conditions: New Downtown Condo Sales Fall 40% Year Over Year in the First Quarter

If the housing market is improving, don’t tell that to downtown new condo developers. According to Appraisal Research Counselors sales fell 40% in the first quarter of 2012 from a year ago. They were also down 27% from the fourth quarter of 2011. From Crain’s: Developers sold just 113 downtown condos in the first three months […]

Live in the Heart of the Andersonville in this 3-Bedroom: 1449 W. Summerdale

This 3-bedroom at 1449 W. Summerdale in the Andersonville neighborhood of Edgewater came on the market in April 2012. This 8-unit building was converted into condos in 2005. It appears from the property’s sale history that it might have been flipped by the original buyer in 2005 (remember those days? Ah…memories.) This is a large […]

Trying To Sell a 4-Bedroom SFH in Wildwood for 2 Years: 6924 N. Tonty

I know many of you are big Wildwood fans. This 4-bedroom house at 6924 N. Tonty in the Wildwood neighborhood of Forest Glen first came on the market in May 2010. In those 2 years, it has been reduced $191,900. The house was built in 1940 and is on an oversized lot of 45×151. For […]

Live Near the Park in a 4-Bedroom Bungalow For Under $260K: 4050 N. Mango in Portage Park

This 4-bedroom vintage bungalow at 4050 N. Mango just came on the market in Portage Park. Built in 1921 on an oversized 33×125 lot, it is just 2 blocks from the park. It is an estate sale and being sold as is. The listing says there are hardwood floors under the carpets on the main […]

Has 18 Years of Price Appreciation Been Wiped Out in Montclare? A 2-Bedroom Cottage at 2421 N. New England

This 2-bedroom vintage cottage at 2421 N. New England in Montclare just came on the market. It is bank owned. The listing says it is “eligible under Freddie Mac First Look Initiative until 5/25/2012.” Built in 1916, it is just 835 square feet. There is no lot size listed but it has a big enough […]

Itching To Live Close To Your Beloved Wrigley In a 2-Bedroom SFH Under $500K? 1308 W. Addison

  We last chattered about this 2-bedroom single family home at 1308 W. Addison in the Southport neighborhood of Lakeview in June 2009 when it was listed at $499,000. It sold just a few months later, in August 2009, for $470,000. See our prior chatter here. Most of you thought someone would be crazy to buy […]

Market Conditions: Is It a Sign of the Bottom That Investors Are Gobbling Up Chicago Area Foreclosures?

Some of you that have been trying to buy bank owned properties have said that you’ve seen an uptick in interested buyers compared with a few years ago. The Tribune reports on the new “foreclosure gold rush.” Pulling up to a distressed home for sale in Oak Lawn last month, Carl Courtright saw that two other potential […]

Billy Corgan Has Competition In the Historic Patterson-McCormick Mansion: 1500 N. Astor in the Gold Coast

Another full floor 2-bedroom has come on the market in the historic Patterson-McCormick Mansion at 1500 N. Astor in the Gold Coast. If you recall, we have chattered about Unit #6, owned by the Smashing Pumpkins’ Billy Corgan, which has been on and off the market since September 2008.  See our chatter on Unit #6 here. This […]

The Bank Owned Vintage 2/2 in East Lincoln Park: 2500 N. Orchard

This vintage 2 bedroom at 2500 N. Orchard in East Lincoln Park just came on the market. It is a Fannie Mae Home Path property. The building was built in 1900. The unit has hardwood floors, a woodburning fireplace, stained glass and exposed brick. The listing says it has central air but doesn’t mention washer/dryer […]

The $1 Million 1-Bedroom Is Now a 2-Bedroom and Reduced: 840 N. Lake Shore Drive in the Gold Coast

We last chattered about this 1-bedroom (now turned 2-bedroom) at 840 N. Lake Shore Drive in the Gold Coast a year ago. See our prior chatter here. Originally described as a “little piece of Paris”, it has a balcony that overlooks the park and Lake Shore Drive/the lake. At 1800 square feet, it is not your typical […]