Crib Chatter

Yes, investors are still attempting to flip new construction units in the downtown. The first flips are beginning to appear in 757 N. Orleans in River North- the new construction 198-unit high rise at Orleans and Chicago Avenue (if you ride the brown line, you can’t miss it.) Closings just began in the building. Current […]

The Legacy, the new construction high rise at 60 E. Monroe in the Loop, isn’t expected to be completed until Fall of 2009 (at the earliest.) Yet, the first flip has appeared on the MLS for a 1-bedroom unit. Here’s the listing: The Legacy of Millennium Park, overlooking Lake Michigan, Grant Park, and Chicago’s beautiful skyline. Residents […]

The Silver Cloud, a new conversion building at 5346 S. Cornell, in Hyde Park, has been selling units since 2007. From what I can tell, 31 out of 72 units have closed. Current stats on the building (out of 72 units): 12 for sale 4 for rent Some units may be both for sale AND […]

SoNo, the new construction high rise at 860 W. Blackhawk in the Clybourn Corridor, will be closing on units on the lower floors shortly. Currently, there are 17 units on the MLS. It looks like those are all from the developer.  There’s at least one flip on Craigslist. Here’s the listing: Get a STEAL on […]

We last chattered about ParkView, the latest new construction highrise in Streeterville, at 505 N. McClurg, in June as closings began. Back then, some flippers had already listed units for re-sale hoping to get out of the properties quickly. Two of the units we chattered about are still on the market.  One of them, Unit #2102, has been […]

This is a tale of two flips on the same floor in MoMo, at 8 E. Randolph (otherwise known as Joffrey Tower) in the Loop. One has been “upgraded” with paint and kitchen tile and the other has not. As a buyer, does paint persuade you? Here’s the listing for the one that has not […]

There’s been so much hype about Trump Tower Chicago, at 401 N. Wabash in River North, you’d think the sinks were made out of gold. But, alas, the sinks (and kitchens) look pretty much like every other luxury 1-bedroom condo in the city. Here are some pictures from a west facing 938 square foot 1-bedroom […]

It looks like closings have begun in 1 E. 8th, the 91-unit mid-rise building in the South Loop near the Printers Row neighborhood. One 2-bedroom unit, Unit #708, has already come on the market. Here’s the listing: New Construction END UNIT! Largest floor plan in a prime South Loop location! Split 2 bed/2bath condo highly upgraded! Floor-to-ceiling windows […]

1400 S. Michigan, or Michigan Avenue Towers, in the South Loop started closing on units three weeks ago. There are 270 units in the building. Already, there are several flips on the market. Current stats (out of 270 units): 9 units for sale 24 units for rent Some may be both for rent AND for sale. […]

It didn’t take long for flippers to get into trouble in Metropolitan Tower, at 310 S. Michigan, in the Loop. We last chattered about Metropolitan Tower in March when the building, a conversion of an old office building, first started closings. The building is not sold out. Interestingly, one of the units we chattered about […]