Archive for November, 2012
Remember When People Were Flipping Condo Units? 225 W. Huron In River North
This 1-bedroom loft at 225 W. Huron in River North is bank owned. These lofts were converted from apartments into condos in 2006 during the boom. Remember all the flipping that was happening during the boom? That seems like a looooong time ago now. This 750 square foot loft sold in March 2006 for $206,500 and then […]
Another Sign That The Market Has Bottomed? 1-Bedroom Lincoln Park Lofts Selling Fast: 2525 N. Sheffield
We last chattered about this 1-bedroom duplex loft at the Tru-Lofts at 2525 N. Sheffield in September 2012. See our prior chatter here. At that time, the loft was listed just $3900 above the 2007 purchase price at $274,900. No one guessed a possible sales price but many wondered what the market for this type […]
Get A 6-Bedroom Vintage Single Family Home For Just $205,000 In East Garfield Park: 3418 W. Adams
This 6-bedroom vintage single family home at 3418 W. Adams recently came on the market. It’s an estate sale and being sold “as-is.” However, there is also a lis pendens foreclosure filed against the property. Built in 1881, the house appears to be on an oversized lot (but I can’t tell the size from the listing) as […]
After 2 1/2 Years, Our Favorite 1-Bedroom Lincoln Park Coach House Finally Sells: 2011 N. Kenmore
We’ve chattered about this 1-bedroom coach house at 2011 N. Kenmore in Lincoln Park several times over the last few years. Check out our last chatter, in April 2012, here. After originally listing for $349,000 in 2010, in April, the price had finally been reduced under $300,000 and some of you still thought that it […]
East Lincoln Park 4-Bedroom Vintage Rowhouse Reduces $101K: 1919 N. Lincoln Park West
We last chattered about this 4-bedroom vintage rowhouse at 1919 N. Lincoln Park West in East Lincoln Park in September 2012. See our prior chatter here. We’ve chattered about this rowhouse several times, including the last time it sold in 2010. If you recall, it came back on the market in September 2012 with a new, […]
Market Conditions: Is It Time To Build Some New Downtown Condo Highrises?
Downtown condo sales continue to be completely dead as third quarter sales fell sharply compared to the third quarter of 2011. Developers sold 154 units downtown in the third quarter, down from 182 sales in the second quarter and 229 in the third quarter last year, according to Chicago-based consulting firm Appraisal Research Counselors. Downtown developers were […]
4-Bedroom Duplex Down Returns As A “Full Gut Rehab”: 1928 W. Diversey in West Lakeview
We’ve chattered about this 4-bedroom duplex down at 1928 W. Diversey in West Lakeview several times over the past 3 years most recently in January 2011. See our prior chatter here. Back then, the unit was in a short sale but time was of the “essence” because: “MOLD IN LOWER LEVEL DUE TO RECENT WATER DAMAGE FROM […]
Market Conditions: Bloomberg Reports Chicago’s New Construction Luxury Market Is Picking Up- Or Is It?
Bloomberg reports that Chicago’s luxury new construction housing market appears to be recovering. Belgravia Group Ltd., which started construction about a month ago on a Chicago row-house development, is charging almost $1 million for each of the 14 Lincoln Park homes as buyer demand surges in the neighborhood. The three-story properties will have high-end features […]