Archive for February, 2013

Market Conditions: Plans For New Apartments Heat Up But Is It Too Much?

At the height of the condo boom in Chicago, there were developers building buildings of all shapes and sizes who only several years before were in a completely different profession and who has little experience in the real estate industry. Is speculation ramping up again? Crain’s reports on the surge of plans for new apartment […]

Are Lofts Still Popular? A 2-Bedroom Penthouse At 1801 S. Michigan In The South Loop

This 2-bedroom loft in the 18th Street Lofts at 1801 S. Michigan in the South Loop just came on the market. The corner unit has features loft lovers look for including a ton of exposed brick walls (including in one of the bathrooms which also has a huge window) and a 15 foot high timber […]

Market Conditions: Just 586 New Construction Homes Sold In Chicago In 2012

We’ve been chattering about quite a few new construction 3 and 6 flat projects around the north and west sides of the city in the last six months. But those projects appear to be an anomaly in the new home market as new home sales in Chicago rose just 4.6% in 2012 to 586 properties. […]

Want A 4-Bedroom Old Town Duplex Down Without All The Bedrooms In The Basement? 1847 N. Cleveland

We’ve chattered about this vintage greystone building at 1847 N. Cleveland in Old Town several times over the years. This 4-bedroom duplex down just came on the market. The listing says it is extra wide and it has a fireplace and moldings. The kitchen has 42 inch cabinets, granite counter tops and stainless steel appliances. 2 of […]

The Cheapest SFH In Lincoln Park Is Back! (And Reduced) A 3-Bedroom At 610 W. Kemper

We last chattered about this 3-bedroom single family home at 610 W. Kemper in Lincoln Park in July 2012. See our prior chatter here. At the time, because it was listed at $499,000,  it was a “story” because it was a rare Lincoln Park single family home priced under $500,000. But it didn’t sell. The […]

Is The Short Sale A Problem For This Vintage 3-Bedroom? 2130 N. Lincoln Park West In Lincoln Park

We’ve chattered about this 3-bedroom vintage unit overlooking the park at 2130 N. Lincoln Park West in Lincoln Park several times over the last year. See our October 2012 chatter here. Last October, it went to a short sale and reduced to $712,000. The unit directly above it, Unit #3S, with the same layout had sold […]

Market Conditions: The Super Bowl Is Over- Will Inventory Finally Pick Up In February?

Are you in a multiple offer situation on a property? Nearly everyone who writes me tells me that they are (in both the city and the suburbs.) Properties are going under contract within 24 hours. It also cuts both ways. They are getting multiple offers on their property they are listing to sell but they […]

How Hot Is the Market? Trying to Sell Just 9 Months Later In Lincoln Park: 1312 W. Webster

We first chattered about this 9 unit new construction building at 1310-1312 W. Webster in Lincoln Park in November 2011 when it was under construction. See our previous chatter here. The units sold pretty quickly but you’re in luck if you really wanted to buy there. A 4-bedroom duplex down just came back on the market […]

Looking For 3 Bedrooms In The Gold Coast For Under $425K? 1555 N. Sandburg Terrace

This 3-bedroom in a mid-rise building in Sandburg Village at 1555 N. Sandburg in the Gold Coast (or is this Old Town? The listing calls it Old Town) just came on the market. This unit has been renovated. The kitchen now has cherry cabinets, stainless steel appliances and granite counter tops. The master bathroom is marble […]