Archive for the 'Flips' Category

Flipper Alert: Another Major Price Reduction in 600 N. Fairbanks

It seems the 01 tier, which is a three bedroom, two bath southeast facing unit, isn’t re-selling as quickly as sellers had hoped in 600 N. Fairbanks in Streeterville. Currently, there are eight of the 01 tier units on the market. Two have now had substantial price reductions: #1301 and now #1901. #3201: $1,199,900 #2901: $1,199,000 […]

Flipper Alert: Flippers Waiting to Sell in 550 N. St. Clair

550 N. St. Clair in Streeterville is a small, boutique building near the Mag Mile that was built with the modern aesthetic of open spaces and concrete ceilings. Closings began in early February 2008. The current status on the building: Total number of units: 112 Total units for sale: 21 Total units for rent: at […]

Flipper Alert: What’s Selling at Avenue East at 160 E. Illinois

Deaconblue asked: “My question- are ANY new construction buildings that are finishing up selling right now?” It’s been a little while since I provided an update on what is going on in the recently closed highrises. Avenue East at 160 E. Illinois in Streeterville started closings in Summer 2007. The current status of the building: Total […]

Flipper Alert: Closings Begin in ParkView at 505 N. McClurg

ParkView,  MCL’s 47 story high rise in Streeterville at 505 N. McClurg, is to start closings any day. The flips and rentals are now starting to appear. There is a one bedroom rental already available with “move-in in April”. Unit #1104: 1 bedroom, 1 bath, 921 square feet Available to rent for $1900 plus $300 a […]

First Pictures from Inside The Emerald: 123 S. Green

The first rentals in The Emerald, 123 S. Green, in the West Loop near Greektown are now appearing in earnest as the first building is nearing completion. Several rentals have popped up on the MLS and several more are on Craigslist. These are pictures from the interiors of a one bedroom and a one bedroom with den. […]

Flipper Alert: Units Flipped at Village Pointe at 845 N. Kingsbury

I last chattered about Village Pointe at 845 N. Kingsbury in River North in December 2007 and profiled five units. At the time, flippers were trying to sell several units. Three out of the five from December have now sold. Unit #304: 1 bedroom plus “den”, 1 bath, 909 square feet Originally sold in July 2007 for […]

Flipper Alert: One Bedroom Flip Closes in 340 On the Park

We’ve chattered endlessly about 340 on the Park in Lakeshore East. Another flipped unit has closed. (Thanks to the Tipster who sent me the closing information.) I chattered about this unit in January 2008. Unit #307: 1 bedroom, 1.5 baths, 1186 square feet Sold in July 2007 for $415,000 Originally re-listed for $725,000 in July 2007 […]

Flipper Alert: Two Contracts and Another Reduction at 451 W. Huron

Two units that I last chattered about in early February 2008 at 451 W. Huron in River North, are now under contract. Unit #503 and #804 are both 1 bedroom, 1 bath units and are now under contract. Unit #503: 1 bedroom, 1 bath, around 770 square feet Sold in September 2007 for $280,000 Was listed […]

Flipper Alert: More Flips Appearing on the Market at MoMo

Closings continue at MoMo, at 8 E. Randolph, in the Loop.  More units are coming back  on the market as flips. There are numerous listings either for sale or for rent on Craigslist. There are also several reductions on the rentals already on Craigslist- specifically on the one bedroom units. Currently, I’ve found at least one of the […]

Flipper Alert: Update on Re-Sales at 600 N. Lake Shore Drive

Closings began on 600 N. Lake Shore Drive, Belgravia’s new towers on the lake in Streeterville, last fall. One of the three units I chattered about in late January has sold. Unit #1704: 3 bedrooms, 2 baths,  2149 square feet I’m not sure if this unit sold previously as I couldn’t find an original sales […]