The north facing 1-bedroom unit we’ve been chattering about, Unit #406, in 340 On the Park, has finally closed. Apparently, there is a big difference in pricing between the north facing one bedrooms and the south (or park) facing one bedrooms. Here’s the history of Unit #406: Unit #406: 1 bedroom, 1.5 baths, 1081 square feet Sold […]
We last chattered about MoMo, at 8 E. Randolph, or, as it’s now called, “The Joffrey Residences”, after the Joffrey Ballet that is in the building, in March 2008. Why didn’t the developer just call it The Joffrey Residences in the beginning? To me, it will always be MoMo. Current stats on the building (out of […]
Trump Tower Chicago flippers are apparently undercutting Donald Trump’s pricing on unsold units in Trump Tower, according to Crain’s. The article addresses the condo/hotel units, which we’ve chattered about before. Trump Tower remains only about 70% sold and has been at that sales level for at least a year. From Crain’s: At least 34 hotel […]
Some flippers have managed to sell their units at 451 W. Huron, the new construction mid-rise building in River North that started closings last year. The last time we chattered about the building, two one-bedroom flips were under contract. Both have since closed. Unit #503: 1 bedroom, 1 bath, around 770 square feet Sold in September 2007 for […]
550 St. Clair in Streeterville started closings in February 2008. Closings continue in the building. The developer is also still trying to sell units. The current building stats (out of 112 units): 18 for sale 1 for rent The two bedroom that I chattered about in February and again in April is still available and […]
Can you buy an older property, renovate it and flip it in this housing market? This seller at 1952 N. Seminary in Lincoln Park thinks they can. Location, location, location- right? Here’s the listing: STUNNING REHAB IN THE HEART OF LINCOLN PARK! STEPS FROM GREAT SHOPPING, DINING AND THE EL ON ARMITAGE, THIS ONE-OF-A KIND PENTHOUSE […]
The condo/hotel units have been closing in Trump Tower, at 401 N. Wabash, in River North, for about six months. The condo units are about to start closing in July and August. If you wonder what the studios in The Spire are going to rent for, why not check out what’s happening in Trump Tower? The […]
We chattered about One Museum Park, at 1211 S. Prairie in the South Loop in April. Closings were just beginning and flips were coming on the market. None of the flips we chattered about in April have sold or rented. One has had a price reduction and another one a rental price reduction. Current stats on […]
We last chattered about Catalpa Gardens, at 1122 W. Catalpa in Edgewater, in December 2007. Current stats for the building (out of 126 units): 58 for sale 1 for rent Most of those for sale are still from the developer. How do you flip in a building that is barely 50% sold? Unit #413: 2 bedroom, 2 […]
I last chattered about Trump Tower in February, when the sales center was touting the first successful flip of a recently closed hotel/condo unit on the 21st floor. From the Sun-Times: The sale “shows that there’s a resale market, and that’s good news,” said Tere Proctor, who is sales associate for Koenig & Strey […]