Archive for September, 2012

Vince Vaughn Reduces Penthouse $1.65 Million But Does Anyone Care? 159 E. Walton In The Gold Coast

There was this big brou-ha-ha when actor Vince Vaughn put his Palmolive triplex penthouse at 159 E. Walton in the Gold Coast on the market in June 2012 for $18.4 million. Other than a Trump penthouse which had come on the market at $32 million, this was the most expensive condo on the market in […]

Are You Falling In Love With The 2-Bedroom Loft Or The Expert Staging? 515 N. Noble in West Town

Sellers could learn a lot from the marketing of this 2-bedroom loft at 515 N. Noble in the Noble Square neighborhood of West Town. Back in March 2012, this was a bank owned unit. At 1000 square feet, it was a large 1-bedroom loft with 12 foot timber ceilings and exposed brick which sold for just $106,000 (parking included.) […]

Market Conditions: Is The Downtown Condo Market Doomed For A Generation?

Recently, the RedEye had an article about Chicago’s luxury apartment market. It’s what we have discussed before. Generation Y want “new” and amenities and they don’t want to be locked into home ownership. As we know, developers are responding by building thousands of new apartments downtown. No one knows better than Jeremy Dubin that now […]

Love To Do Vintage Restorations? This McCormick Rowhouse Is For You: 859 W. Fullerton in Lincoln Park

This 5-bedroom historic McCormick Rowhouse at 859 W. Fullerton in Lincoln Park has been on the market since January 2012. Built in 1890 on a 32×105 lot, it is a sought-after corner rowhouse (more windows!). However, it needs to be brought back to its former glory. The listing says “Restoration tax credits may apply.” 2 […]

2 Years Later, Top Floor Duplex Up is Back (With a New Kitchen): 1866 N. Halsted in Lincoln Park

We last chattered about this top floor 3-bedroom duplex-up at 1866 N. Halsted in Lincoln Park in May 2010. See our May 2010 chatter here. The main chatter wasn’t about the price, but about the parking (or lack thereof.) As the unit does NOT have a parking space. Matt Garrison, the realtor on the listing […]

Market Conditions: Crain’s Has The Scoop On The Hold Up In The Ritz Carlton Closings: 118 E. Erie In River North

Crain’s has the scoop on why there haven’t yet been any closings in the new luxury high rise on Michigan Avenue, the Ritz Carlton Residences. The building’s actual address is now 118 E. Erie and I’m calling it River North because it’s on the west side of Michigan Avenue. Apparently there is a lawsuit preventing […]

This Rehabbed Albany Park Bungalow Reduces Another $10,000: 4437 N. Christiana

We last chattered about this rehabbed 3-bedroom bungalow at 4437 N. Christiana in Albany Park in July 2012. See our July chatter here. Back in July, most of you liked the rehab but weren’t sold on the Albany Park location. If you remember, it last sold in January 2012 in an estate sale for just $140,000. […]

Rehabbed 3-Bedroom Duplex Down Already Under Contract In 21 Days: 1321 N. Bosworth in West Town

This 3-bedroom duplex down at 1321 N. Bosworth in West Town came on the market in late August 2012. It was last bank owned and sold in June 2012. The prior listing when it was bank owned said: “This may be your project! Wicker Park -Bucktown area, spectacular duplex down! In need of some repairs […]

2-Bedroom Triplex Printers Row Penthouse With Rare Terrace Tries To Sell Again: 720 S. Dearborn

We last chattered about this 2-bedroom triplex penthouse in the Franklin Lofts at 720 S. Dearborn in June 2011. See our 2011 chatter here. Back in 2011, many of you complained about the pictures which you said seemed to be more about the furniture and flowers in the rooms than the actual property itself. They’re back! It’s […]

Who’s Laughing Now? Flippers/Rehabbers Rolling In The Cash: 1528 S. Wabash in the South Loop

We chattered about this 2-bedroom loft at 1528 S. Wabash in the South Loop numerous times over the years as it went from a normal sale, to a short sale, to bank owned and then, this summer, to a flip. See our June 2012 chatter here. From the before and after pictures, it appeared that […]