Archive for the 'Foreclosures' Category

This 2-Bedroom Jefferson Park Starter Bungalow Is Just $154,900: 5214 N. Larned

This 2-bedroom vintage bungalow at 5214 N. Larned in Jefferson Park recently came on the market. It is bank owned and listed at just $154,900. Built in 1924, it has hardwood floors and a full finished basement but only 1184 square feet. There is also central air and a 2-car garage. However, the listing doesn’t […]

Are Property Price Declines Mirroring Case-Shiller? 1929 W. Irving Park in North Center

This 3-bedroom at 1929 W. Irving Park in North Center has been on the market since October 2011. (It is the vintage building in between the two new construction buildings in the picture above.) It is bank owned and is currently listed for 34% under its 2004 purchase price. According to Case-Shiller, Chicago prices have declined […]

Bank Owned 2-Bedroom Near Wrigley Listed at $199K STILL Hasn’t Sold: 3516 N. Sheffield

We last chattered about this bank owned 2-bedroom at 3516 N. Sheffield just a half a block away from Wrigley Field in Lakeview in June 2011. See our prior chatter here. It has been on the market for 10 months and still there’s been no sale. Back in June, some of you thought this wasn’t an […]

This Bank Owned 2-Bedroom River Village Townhouse Just Reduced Under $300K: 932 N. Crosby

This 2-bedroom townhouse in River Village at 932 N. Crosby in River North/Gold Coast??? (what neighborhood is this?) has been on and off the market since September 2010. It is now bank owned but the bank can’t sell it. Listed in mid-December for $324,000, the bank recently threw in the towel and cut the price […]

From a List of $5.3 Million to $2.999 Million and Bank Owned in 2 1/2 Years: 53 E. Division in the Gold Coast

We last chattered about this renovated 1910 Georgian mansion at 53 E. Division in the Gold Coast in September 2010. See our prior chatter here. Back in 2010, most of you thought it was overpriced (surprise!). Some of you also didn’t like that it was on Division Street, although this location it is not really […]

Get a 3/3 in Buena Park for Under $180,000: 720 W. Gordon Terrace

  This 3-bedroom at 720 W. Gordon Terrace in the Buena Park neighborhood of Uptown has been on the market since October 2011. It is a Freddie Mac property. Since October, it has been reduced about $40,000. While the building was built in the 1970s (although some listings say 1966), this unit was created in […]

Back to the 1998 Price for this Lincoln Park 2/2? 1024 W. Armitage

As someone recently pointed out on the 2011 N. Kenmore thread, this 2-bedroom at 1024 W. Armitage in Lincoln Park (which is in the same association as the Kenmore coach house) came back on the market. The bank has finally gotten  its act together on this property, since it has owned it since July 2011. It […]

From $389,500 to $120,500 and “Cash Only” Just 4 Years Later: 320 E. 21st in the South Loop

We first chattered about the Chess Lofts at 320 E. 21st in the South Loop in June 2008 when the loft conversion building had just started closings. At that time, the flippers were active (remember them?) and “all offers considered” was the name of the game. See the June 2008 chatter here. Then, we chattered […]

Nearly 4 Years Later and Still Foreclosures in The Sterling: 345 N. LaSalle in River North

We have been talking about foreclosures in The Sterling at 345 N. LaSalle in River North since I started Crib Chatter in 2007. In March 2008, Crain’s actually ran an article describing The Sterling as the top foreclosure building in Chicago. See our prior chatter on that article here. But nearly 4 years later, the foreclosures keep […]

Dramatic Price Reduction On This Bank Owned 2/2 South Loop Loft: 1528 S. Wabash

How long does it take to go from a regular listing to a distressed property to bank owned to being back on the market from the bank? In the case of this 2-bedroom loft at 1528 S. Wabash in the South Loop- it has been 3 years. And if the loft looks familiar it’s because […]