Archive for the 'Foreclosures' Category

Buy a 3-Bedroom SFH in Bucktown for just $229,900: 2225 W. Charleston

This 3-bedroom single family home at 2225 W. Charleston in Bucktown (it IS east of Western) just came on the market. It is bank owned and listed at just $229,900. Built in 1887, the listing says it is on a standard Chicago lot of 25×125 and has a 2-car garage. So what’s the catch? Check out the interior […]

Distress Sales Continue in Millennium Center in River North: 33 W. Ontario

How many years will it be before the distress sales are finished in Millennium Center at 33 W. Ontario in River North? They are still occuring on a pretty regular basis. This 2/2 on the 38th floor is the latest listing to hit the market. It is a Fannie Mae property. The listing says there is new […]

Get a South Loop 2-Bedroom for $8100 Under the 2001 Price: 1530 S. State

This 2-bedroom at 1530 S. State in the South Loop has been on the market since September 2011. It is a Freddie Mac Homesteps property. The unit has been reduced $45,000 since September and is now listed $8,100 under the 2001 price (which was the original sales price for the unit.) It’s hard to tell […]

From $545K to $389K for this 2-Bedroom River North Loft: 360 W. Illinois

This 2-bedroom loft in the Sexton Lofts at 360 W. Illinois has been on the market since September 2011. It is bank owned and the bank has been lowering the price every two weeks. The loft is in the concrete side of the building, which many loft buyers prefer over the timber because there are […]

Get a 3-Bedroom With Parking for Just $305K in the South Loop: 1720 S. Michigan

This bank owned 3-bedroom at 1720 S. Michigan in the South Loop has been on the market since March 2011. In that time, it has been reduced $129,900 to $305,000. That price includes the parking space. This 3-bedroom unit is the largest floorplan in the building. It has Northeast views from floor to ceiling windows. […]

North Center Mansion Returns and Is Now Bank Owned: 2216 W. Grace

We last chattered about this 5-bedroom rehab mansion at 2216 W. Grace in North Center in February 2011. See our prior chatter here. This house was the subject of much chatter due to its extreme size for the neighborhood (at 8,000 square feet) and that it used to be a 6-flat apartment building. Back then it was […]

Is $300,000 the New Normal for a 2/2 in River North? 200 W. Grand

A year or two ago, bank owned 2-bedroom units in prime neighborhoods would sell fairly quickly. Not anymore. This 2 bedroom in the newer construction high rise at 200 W. Grand in River North has been on the market since August 2011. It has also been reduced $30,100 to $339,900 and still there are no […]

You Could Have Bought This West Loop 2/2 for Just $192,000: 1228 W. Monroe

We last chattered about this 2-bedroom bank owned unit at 1228 W. Monroe in August 2011. See our prior chatter here. At that time, it was listed at $239,900 with the parking included. That was $81,000 under the 2006 purchase price. The unit recently sold for just $192,000. If you recall, the unit was just 1008 […]

Not All Bank Owned Units Sell Fast: A 1-Bedroom Loft at 375 W. Erie in River North

This  authentic 1-bedroom loft at 375 W. Erie in River North has been on the market since September 21, 2011. It is bank owned. From the pictures it appears that its kitchen is intact with white appliances and maple cabinets. It has exposed brick walls, timber ceilings and, at 1000 square feet, it has the […]

From $1 Million in 2002 to $480,000 in 2011: 257 E. Delaware in the Gold Coast

This vintage 2-bedroom at 257 E. Delaware in the Gold Coast recently came on the market. It last sold in 2002 for $1.05 million and is now bank owned and listed at just $481,140. We’ve actually chattered about several units in the building over the years, including at least one other bank owned unit, which […]