Archive for August, 2012

Are Some Single Family Homes Still A Better Deal To Rent Than To Own? 529 W. Wrightwood in Lincoln Park

I think several of you have mentioned this 4-bedroom house at 529 W. Wrightwood in East Lincoln Park in previous threads about this neighborhood. It came on the market in May 2012. It is currently listed both for sale and for rent but the rental listing says the owner prefers a 6 to 9 month […]

Good News! The Pratt Mansion Is Under Contract: 2100 W. Pratt Blvd in West Ridge

We’ve chattered about this 112-year old mansion at 2100 W. Pratt Boulevard in West Ridge several times over the last few years. Our last chatter was in July 2012 after the bank took control of the property. See that chatter here. But there’s good news! After originally being listed in January 2011 for $2.45 million […]

Sorry! Crib Chatter Is Taking A Sick Day But You Can Chatter About Downtown Price Declines Since 2008

I came down with a really nasty virus last night that knocked me out of commission. I thought I might be able to post at least one new post today, but I still feel equally as terrible and don’t want to even sit in front of a computer (my couch is calling instead.) So Crib […]

Market Conditions: Remember The Catalyst? More Chatter About The Sizzling Apartment Market

High rise condo development might be dormant, but the apartment market is alive and well. From Crain’s: Marquette Cos. has taken control of Catalyst, a proposed 223-unit rental tower in at 630 W. Washington St., from developer Gary Rosenberg, who was facing foreclosure while trying to secure financing for the project, one of several planned downtown […]

Should You Rent Or Buy In Old Town? A 900 Square Foot 1-Bedroom At 1212 N. Wells

This 1-bedroom in the Neopolitan at 1212 N. Wells in Old Town just came on the market. It is a Fannie Mae Homepath property. From the listing pictures, it appears the kitchen and bath are intact. The kitchen has maple cabinets and black appliances. The unit has two balconies including what looks to be a […]

Market Conditions: Chicago Home Sales Jump 26.2% in July Year Over Year But Median Price Fell

Without further ado, the Illinois Association of Realtors released the July sales data yesterday: In the city of Chicago, July 2012 home sales (single family and condominiums) totaled 2,088, up 26.2 percent from 1,655 homes sold in July 2011. The city of Chicago median home sale price for July 2012 was $205,000, down 2.4 percent […]

2-Bedroom Wicker Park Loft House Reduces Another $20,000: 1275 N. Hermitage

We’ve chattered about this 2-bedroom single family home with loft features at 1275 N. Hermitage in Wicker Park several times. See our May 2012 chatter here. It was listed last fall and then withdrawn. The house then came back on the market in the spring at a slightly higher price. But since that time, it […]

3-Bedroom SFH “Recently Redone” In West Town: 1414 W. Ohio

This 3-bedroom single family home at 1414 W. Ohio in West Town (is this Noble Square?) came on the market in August 2012. It was bank owned in 2007 and last sold in 2008. If you have a Redfin account, you can see a 2008 picture of the front of the house. The listing says […]

Is Being Close to Wrigley Field Still a Selling Point? 3531 N. Sheffield in Lakeview

his 2-bedroom duplex down at 3531 N. Sheffield in Lakeview is just a half a block away from Wrigley Field. It has 12 foot ceilings. One bedroom is on the main floor and the second bedroom is on the lower level. There is also a family room on the lower level. The kitchen has white […]

How Much Does A New Kitchen Matter? 3118 N. Lincoln in Lakeview

This 3-bedroom penthouse at 3118 N. Lincoln in Lakeview has been on the market since June 2012. It last sold only 14 months ago, in June 2011. But the new listing includes a entirely new kitchen complete with floor to ceiling cabinets, slate floors, and a huge kitchen island with granite counter tops and a […]