Crib Chatter

340 On the Park, at 340 E. Randolph, in Lakeshore East, has been one of the more successful new construction high rises for flippers in the last year. Unlike many other highrises, some flippers have actually flipped their units for decent profit in 340 OTP. But not all have successfully sold. Many investors opted to rent out their units and […]

The Marquee, at 1454 S. Michigan, in the South Loop, started closings in February 2008. Even before the building closed, flippers were listing their units for sale. We discussed some of those in January 2008. The units are all still for sale and most have been reduced. The current stats on the building (closings still continue): 18 for […]

I chattered about the Chess Lofts, at 320 E. 21st in the South Loop, a few months ago.  It is a brick and concrete loft building that was converted in 2007. The developer is still trying to sell units in the building and is offering “multiple incentives.” Current building stats: 8 for sale 6 for […]

Why are investors who intend to flip their units closing on them in the new construction condo towers? Only they know. But it wouldn’t seem to make financial sense. Take these two units on the market in the new Streeterville highrise, ParkView at 505 N. McClurg. Closings just started in the building. It was only about […]

I’ve chattered about the sellers in distress in 1620 S. Michigan in the South Loop several times before. So far, in 2008, only three units have sold. Current stats on the building (out of 249 units): 14 for sale 6 for rent 8 motorcycle spaces for sale (for $4900 each) In February 2008, one seller was […]

I haven’t chattered about 340 On the Park, at 340 E. Randolph, in Lakeshore East for awhile. Current stats on the building (out of 344 units): 18 for sale 10 for rent Thanks to the tipster who sent me the sales information about this building.  It’s massive and hard to track. Stats on flips and […]

Back by popular demand, an update on Fairbanks at City Front Plaza, at 240 E. Illinois, in Streeterville. The loft base of the building started closings in 2006. The highrise portion has been closing over the last few months. There are more units available now then when I last chattered about the building in February […]

Despite the flipping market being dead right now, flippers continue to close on contracts in new buildings. The flipping (and renting) attempts have begun at ParkView, at 505 N. McClurg, MCL’s latest highrise in Streeterville. Unit #1803,  a three bedroom unit, just came on the market as a rental.  It is NOT also for sale (which is interesting.) […]

The tallest residental building in Chicago has arrived. No, I’m not talking about The Spire (or even the John Hancock Building.) The tallest purely residential building in Chicago (the John Hancock is both offices and residential), One Museum Park at 1211 S. Prairie in the South Loop, has begun closings. Brace yourselves. The building is 65 stories. […]

Here we go. The flippers are turning up, where else, but on Craigslist for the midrise buildings at Parkside of Old Town, two new buildings at the intersection of Division with Clybourn. The Hudson is a nine story building. The Cambridge is the eight story building. You will know The Hudson if you ride the Brown Line as it’s clearly visible on […]