Archive for December, 2019

Market Conditions: Even With Record Low Mortgage Rates, November Sales Decline 10.4%

The Illinois Association of Realtors is out with the November sales data, and as expected, the Chicago market remains weak. It was the worst November since 2014. The city of Chicago saw year-over-year home sales decrease 10.4 percent with 1,659 sales in November, compared to 1,852 a year ago. The median price of a home […]

A Renovated 3-Bedroom Triplex Loft: 1000 W. Washington in the West Loop

This 3-bedroom triplex loft in the Epicenter Lofts at 1000 W. Washington in the West Loop came on the market in October 2019. Epicenter Lofts was built in 1910 and has 183 units and a parking garage. It is one of the few West Loop loft buildings that actually has a doorman. This loft has […]

Will Renovated Properties Still Sell Quickly in 2020? 545 N. Dearborn in River North

This 3-bedroom duplex penthouse in Grand Plaza at 545 N. Dearborn in River North just came on the market. Grand Plaza was built in 2003 but it wasn’t converted into condos until 2005. It has 283 units over a rental parking garage. Floors 30 through 36 were marketed during the boom as the “Grand Plaza […]

Row House Rehabbed Down to the Studs in the Gold Coast: 47 E. Division

This 4-bedroom vintage row house at 47 E. Division in the Gold Coast came on the market in March 2018. Built in 1886, it has 4800 square feet on a smaller than normal Chicago lot measuring 16×86. It has an attached 1-car heated garage and a rooftop deck with a built-in gas grill. There are […]

Love Terraces? This Bucktown Penthouse Has Three: 1611 N. Hermitage

This 3-bedroom penthouse at 1611 N. Hermitage in Bucktown came on the market in October 2019. Built in 2015, it has 17 units, garage parking and an elevator. The elevator opens directly into this penthouse unit. The listing says this condo has a square floor plan versus the more common “bowling alley” type floorplan. It […]

Looking for a 3800 Sq Ft Authentic South Loop Loft? 1421 S. Wabash

This 5-bedroom loft at 1421 S. Wabash in the South Loop came on the market in October 2019. It’s just a 5-unit building but has an elevator and heated garage parking. This is the top floor penthouse and has authentic loft features including 24 foot exposed brick walls and a timber ceiling. The kitchen has […]

Benjamin Marshall 3-Bedroom Maisonette Now Renovated: 1544 N. State Parkway

This 3-bedroom in Benjamin Marshall’s Gold Coast masterpiece at 1544 N. State Parkway came on the market in May 2019. 1550 N. State Parkway was constructed in 1912 and has just 32 units. It’s exterior is covered in limestone. It has a doorman but no parking. The building also has a shorter side building with […]

Original Condition 2-Bedroom in the Water Tower Condos for Just $699,000: 180 E. Pearson

This 2-bedroom condo on the 46th floor of the Water Tower Condominiums at 180 E. Pearson in Streeterville came on the market in July 2018. Built in 1975, Water Tower Condominiums has 260 units and leased parking. It’s most famous for being the building that Oprah Winfrey lived in for years. It’s a full service […]

Renovated Adler-Designed Row Home Reduces Further: 55 W. Schiller in the Gold Coast

This 4-bedroom row house at 55 W. Schiller in the Gold Coast came on the market in June 2017. Built in 1868, the listing says it is an Adler-designed property. It’s on a 18.5 x 106 lot. The listing also says it was completely renovated in 2017 with a top floor addition. It has oak […]

A Loft-Like 2/2 With Parking in East Lakeview for Under $430,000: 717 W. Briar

This 2-bedroom in 717 W. Briar in East Lakeview came on the market in September 2019. The building was constructed in 1891 but it was renovated into condos in 2002. It has 7 units and deeded enclosed parking. This unit has “loft-like” features including exposed brick and ductwork throughout. The living room is elevated from […]