Archive for December, 2018

The Biggest Story of 2018: Has the Chicago Housing Market Slowed?

The spring market was hot in 2018. Inventory was low. Homes were selling quickly. But rising mortgage rates in the second half of the year appeared to slow the strong housing market. Monthly sales fell from those the year before. Many homes seemed to take longer to sell. Remember this 3-bedroom condo in Andersonville at 5603 N. Glenwood? […]

2nd Biggest Story of 2018: Deconversion of Condo Buildings Picked Up Pace

It used to be a given that an older apartment building would eventually “go condo.” But 10 years after the housing bust, the pace of “deconversions” has picked up with several of the largest deconversions in Chicago history moving forward. River City, the Bertrand Goldberg building on the Chicago River in the South Loop at […]

Third Biggest Story of 2019: What Will Happen to Chicago’s Luxury Condo Market?

With the US economy still chugging along 10-years after the last recession, and Chicago’s downtown job machine still adding high paying jobs from the likes of Salesforce and Google, developers have been adding luxury condo units by the dozens. The most high profile luxury condo project is The Vista at 363 E. Wacker Drive in […]

Market Conditions: November Sales Fall 8.5% from 2017’s 10-Year High

The Illinois Association of Realtors is out with November home sales. As we’ve discussed on Crib Chatter the last few months, sales have slowed from 2017’s strong pace. The city of Chicago saw year-over-year home sales decrease 8.5 percent with 1,793 sales in November, compared to 1,959 a year ago. The median price of a […]

Vintage 2-Flat Was Saved But For How Long? 2509 N. Halsted in Lincoln Park

This Victorian 2-flat at 2509 N. Halsted in Lincoln Park came on the market in October 2018. We last chattered about this property in September 2010. See our chatter here. Back then, the property was being marketed as a 3-flat, though the garden unit wasn’t being vouched for as a legal unit, and also a […]

Lincoln Park Vintage 2-Bedroom Duplex Up Still Available: 1408 W. Belden

This 2-bedroom vintage duplex up at 1408 W. Belden in Lincoln Park came on the market in August 2018. We have chattered about this unit twice in the past, including in October 2018 and in 2011. See the 2011 chatter here. The building has 5 units and was built sometime between 1881 and 1900 (the two […]

Sophisticated 3-Bedroom with Vintage Charm: 640 W. Fullerton Parkway in Lincoln Park

This high first floor 3-bedroom at 640 W. Fullerton Parkway in East Lincoln Park just came on the market. This 4-unit building has front balconies and a garage in back. If it looks familiar, that’s because we chattered about this actual unit back in October 2016. See our chatter here. It has many vintage features […]

They Simply Will Never Build Like This Again: 5555 S. Everett in Hyde Park

This 3-bedroom duplex in Jackson Tower at 5555 S. Everett in Hyde Park came on the market in June 2018. Jackson Tower was designed by Walter W. Ahlschlager, who also designed other vintage towers in the city. Construction was completed in 1922. It has 72 units. It sits directly across from the Museum of Science and […]

Crib Chatter is Back Online!

So sorry for being away. The site was being attacked by the spammers again. It took a little bit of time to figure out what was going on and to get it fixed but it should be okay going forward. I know you guys hate to sign in to make comments but some of the […]

5-Bedroom SFH in Bucktown Reduces $400,000 in the Last Year: 1652 N. Bell

This 5-bedroom single family home at 1652 N. Bell in Bucktown has been on and off the market since March 2012. If it looks familiar, that’s because we chattered about it in October 2012, after it first came on the market, and again a year ago, in December 2017. Back in 2012, we were wondering […]