Archive for July, 2012

Market Conditions: Zillow Calls Chicago Housing Market Bottom As Of February 2012

The last few weeks has seen a lot of “bottom” calls in real estate both in Chicago and nationally. Yesterday, Zillow’s market bottom call was all the rage. (Before you complain about Zillow’s “accuracy” just know that it wasn’t the first to call the market bottom in recent days. But it does have a good PR […]

Full Of Vintage Charm For Under $300,000: 9046 S. Hamilton in Beverly Hills

This 4-bedroom single family home at 9046 S. Hamilton in the Beverly Hills neighborhood of  Beverly came on the market in June 2012. Yes, it’s actually called “Beverly Hills” and the neighborhood has lovely signs telling you so. Built in 1924 on an oversized lot of 52×133, the listing calls the architecture style “English”. It […]

Market Conditions: Surprise! First Half Luxury Home Sales in the Chicagoland Area The Same As in 2011

The data doesn’t lie. It seemed to me that the luxury home market was hotter than the previous few years but Crain’s refuted my non-data “theory” with real data. 200 homes priced over $1.5 million sold in the first half of the year in the Chicagoland area which was the same number as sold in 2011 […]

Marlborough 1-Bedroom Rehab Still Available 7 Months Later And Reduced $10,000: 400 W. Deming in Lincoln Park

  We last chattered about this rehabbed 1-bedroom in the Marlborough at 400 W. Deming in East Lincoln Park in January 2012. See our prior chatter here. In January, most of you thought the rehab was nicely done but without central air, in-unit washer/dryer or parking and high assessments, you thought it was overpriced by about $70,000 […]

2700 Square Feet of “Finished Opulence” in Beverly: 9524 S. Claremont

This 4-bedroom Cape Cod at 9524 S. Claremont in Beverly has been on the market since May 2012. It originally sold last November as an estate sale. Back then, it was just a 2 bedroom, 1 bath at 1282 square feet. Now, after a rehab that included new windows, new roof, mechanicals, plumbing and electrical, the […]

Buy A 2-Flat in East Humboldt Park For Just $95,000: 923 N. Francisco

This 2-flat at 923 N. Francisco in East Humboldt Park just came on the market. It is a short sale and is listed at just $95,000. Both units are rented for the following: Unit #1: 2/1 with rent of $800 a month Unit #2: 2/1 with rent of $800 a month The building is on […]

Get This Luxury 2-Bedroom For 32% Under the 2009 Price in River North: 110 W. Superior

This top floor 2-bedroom in the recognizable blue building that is 110 W. Superior in River North came on the market in June 2012. Built in 2008, the building has just 58 units. This unit has luxury finishes including Snaidero cabinets in the kitchen with quartz counter tops and SubZero, Wolf and Bosch appliances. It has dark bamboo […]

Everything Is New: A New Kitchen And Two New Baths For This Lakeview Loft: 1635 W. Belmont

  This 2-bedroom in the Cinema Lofts at 1635 W. Belmont in Lakeview just came on the market. It last sold as a short sale in November 2010 for just $315,000. But it has been renovated with a completely new kitchen and two new baths. If you have a Redfin account, you can see the 2010 […]

Is 3% Under the 2004 Price Even A Deal For This Lakeview Loft? 811 W. Aldine

This 2-bedroom at the Mandel Bros. Lofts at 811 W. Aldine in Lakeview just came on the market. It is a Fannie Mae Homepath property which allows the purchaser to buy it for just 3% down. At 1400 square feet, it has exposed brick walls and timber ceilings. I can’t tell if it’s on one […]

$24K Price Cut On Top Floor Vintage 3-Bedroom: 448 W. Wrightwood In East Lincoln Park

We last chattered about this top floor 3-bedroom at 448 W. Wrightwood in East Lincoln Park in June 2012. See our chatter here. Back then, the sellers were trying to get a 15.5% premium over the 2009 price. Listed at $699,000, some of you thought if they got an offer for $660,000, which is what […]