Archive for the 'Foreclosures' Category

Buy This Lincoln Park 2/2 for Under $260,000: 952 W. Altgeld

This top floor 2-bedroom at 952 W. Altgeld in Lincoln Park just came on the market. It is bank owned and listed at just $258,500. There are no pictures in the listing of the kitchen or baths so we don’t know if those are intact. The unit has central air but there is no mention of […]

Bank Owned Gold Coast 3-Bedroom Finally Sells for 45% Under 2005 Price: 190 E. Walton

We’ve chattered about this 3-bedroom bank owned unit in The Regent at 190 E. Walton in the Gold Coast several times. See our July 2011 chatter here. In July, when it was still listed for $1.149 million, some of you thought it would sell from anywhere between $825 to $900k. After another reduction to $999,900 […]

Get a 2-Bedroom South Loop Penthouse With Lake Views for Under $270,000: 41 E. 8th

This penthouse floor 2-bedroom at 41 E. 8th in the South Loop just came on the market. It is bank owned and listed at $264,900. That price apparently includes TWO parking spaces. At 1450 square feet, it has had some upgrades including extensive marble in the bathrooms- including marble floors and several walls. It has 2 east facing […]

When Is a Deal a Deal? A Bank Owned 2-Bedroom at 523 N. Racine in West Town

This 2-bedroom at 523 N. Racine in the Noble Square neighborhood of West Town recently came on the market as a bank owned property at $169,000. Prior to that, it was listed for several years as a short sale but never sold. There have been several other foreclosures and distress sales in the building. Unit #3, also a […]

Get a Huge Terrace for $51,600 Under the 2002 Price: 208 W. Washington in the Loop

This 2-bedroom at City Centre at 208 W. Washington in the Loop has been on the market since June 2011. It has been reduced $15,000 in that time. It is bank owned and currently listed $51,600 under the 2002 purchase price. It is one of the few units in the building with a 20×30 roof top […]

2-Bedroom Lincoln Park Coach House Listed $14,600 Under the 1997 Price: 1143 W. Armitage

Several of you have written me inquiring about this bank owned 2-bedroom vintage coach house at 1143 W. Armitage in Lincoln Park. (This is a picture of the front part of the building. The coach house is in the back part of the lot.) Up until recently, the listing didn’t have interior pictures but it […]

Are Bank Owned Units a Deal in 1717 S. Prairie in the South Loop?

I’ve been getting inquiries about the status of 1717 S. Prairie in the South Loop. If you recall, the building was in litigation with the developer over water issues. Here’s a bit about what is going on (taken from a NY Times article in April 2010.) The view from Tom and Jane Justic’s eighth-floor condominium […]

1600 Sq. Ft. Bank Owned 2-Bedroom in the Fordham Sells: 25 E. Superior in River North

We last chattered about this bank owned 2-bedroom in the Fordham at 25 E. Superior in River North in June 2011. See our prior chatter here. At that time, the unit was listed at $497,900 (but we couldn’t determine if that included parking or not). At 1600 square feet, it was one of the larger […]

The Bank Loses Patience, Cuts This 3-Bedroom SFH By 31%: 2035 W. Hutchinson in North Center

This 3-bedroom newer construction single family home at 2035 W. Hutchinson in North Center has been on and off the market since October 2008. The bank took possession in May 2010 but hasn’t been in a hurry to sell it as the price was only cut once in those 15 months. But a few days ago, […]

Streeterville 1-Bedroom Foreclosure Sells For $18,988 Over Asking: 535 N. Michigan

We last chattered about this bank owned 1-bedroom at 535 N. Michigan in Streeterville in July 2011. See our prior chatter here. It had just come on the market for $89,900. But it was missing the kitchen and bathroom. It sold in less than a month for $18,988 above asking- at $108,888. That is still […]