Archive for June, 2013

Looking for a Deal? Buy a 2-Flat in Humboldt Park for Under $35,000: 3278 W. Wabansia

This 4-bedroom 2-flat at 3278 W. Wabansia in Humboldt Park recently came on the market. It is HUD-owned. Built in 1886, it is a frame house on a standard 25×125 lot with a 2-car garage. The units are configured as the following: Unit #1: 2 bedrooms, 1 bath Unit #2: 2 bedrooms, 1 bath The […]

Market Conditions: Sales Jump 30% in the Best May Since the Boom

The May sales data is out. It’s still red hot out there. From the Illinois Association of Realtors: The city of Chicago saw a 30 percent year-over-year home sales increase in May 2013 with 2,762 sales, up from 2,125 in May 2012.  The median price of a home in the city of Chicago in May […]

We Love Loft Penthouses With Private Terraces: 3133 N. Lakewood in Lakeview

This 3-bedroom penthouse loft at 3133 N. Lakewood in Lakeview just came on the market. It has 15-foot ceilings and walls of windows with Southeast views of the city. Is this an addition to the top of the building? It doesn’t have any of the features you’d find in an older loft building such as walls […]

Market Conditions: Out of Town Developers Arrive to Build Apartments in the GreenZone

Crain’s reports on an Oregon developer that is going to build 2 apartment buildings in the GreenZone. One will be in River North on land that was supposed to be a condo building before the bust and the second one will be near the Old Cabrini Green complex in Old Town. The projects in River […]

Is Bowmanville the Next Hot Neighborhood? 4-Bedroom Greystone Sells for $1 Million: 1944 W. Farragut

We last chattered about this 4-bedroom greystone at 1944 W. Farragut in the Bowmanville neighborhood of Lincoln Square in June 2012. See our prior chatter here. Originally listed for $1.349 million in May 2011, you all chimed in as to whether the Bowmanville neighborhood, which is part of Lincoln Square, could command that high of a […]

Looking For Your Own Mini-Castle Complete With Turret? 3007 W. Hollywood in Peterson Woods

This 4-bedroom vintage brick bungalow at 3007 W. Hollywood in the Peterson Woods neighborhood of West Ridge came on the market a month ago. Built in 1928 on an oversized 65×200 corner lot,  it looks like a mini-castle because of its 2-story turret. It also boosts many of its original vintage features including a bridal staircase, leaded glass […]

A 2-Bedroom Loft With Vintage Charm Sells in River North: 333 W. Hubbard

We last chattered about this 2-bedroom loft in the Union Square Lofts at 333 W. Hubbard in River North in March 2013. See our prior chatter here. It was a bit unusual because it had been upgraded with vintage features including crown molding and wainscotting in the bedrooms. Some of you wondered why you’d buy a […]

What the Finishes Look Like in a Brand New $5 Million Condo: 2550 N. Lakeview in Lincoln Park

This 4-bedroom re-sale in Lincoln Park 2550 at 2550 N. Lakeview in Lincoln Park came on the market in March 2013. At 5175 square feet it has the preferred south, east/Lake views and 3 terraces. You can see from the listing pictures that every room has both floor and ceiling crown molding, including the bathrooms. […]

The Penthouse “Deal of the Year” is Back on the Market for $4.75 Million: 6 N. Michigan in the Loop

We’ve chattered about this 6400 square foot penthouse apartment in the Park Millennium Condos at 6 N. Michigan across from Millennium Park in the Loop several times over the past year. It was owned by the developer and in late December 2012 it finally sold for just $1.9 million. Originally listed for $4.5 million, I asked if […]

This 5-Bedroom Old Town Penthouse Sells After 8 Months on the Market: 1515 N. Wells

We last chattered about this 5-bedroom south facing penthouse at 1515 N. Wells in January 2013. See our prior chatter here. Back then, it was listed at $1.995 million. Most of you thought your money could go further in other properties in Old Town, especially a single family home. Others thought, for a condo, a […]