Crib Chatter

This 1-bedroom at 535 N. Michigan in Streeterville recently came on the market listed at $89,900. It is bank owned. The building is right in the middle of the Mag Mile. It was constructed in 1962 and has 460 units. It is a full service building with a pool and exercise room. As you can […]

I’ve gotten a few requests recently to check back in on River City at 800 S. Wells in the South Loop. The last time we chattered about the building was in November 2009. See our 2009 chatter here. It’s more than 18 months later, and foreclosures and short sales are still ravaging the building. Many ask: how […]

We last chattered about this bank owned 2/2 at 421 W. Huron in River North in April 2011. See our prior chatter here. At that time, it was listed at $365,000 including the parking but several of you thought it was still priced too high given the finishes of the unit, the high assessment and […]

This Fannie Mae owned 2-bedroom at 930 N. Wood in the East Village neighborhood of West Town has been on the market as a foreclosure for 5 months. After being reduced $55,000 in that time- it finally went under contract this week. It is currently listed just $5900 above the 2001 purchase price. At just […]

This 1-bedroom at 400 N. LaSalle in River North just came on the market listed about 43% under the 2006 purchase price. Yes, it is bank owned. From the pictures, it appears to have the kitchen and bathroom intact. The kitchen has granite counter tops but white appliances. The north facing unit has central air, […]

This 3-bedroom Georgian at 5824 N. Drake in the Peterson Park neighborhood of North Park has been on the market since December 2010. It is bank owned. Built in 1941 on a 30×125 lot, the condition of the property doesn’t sound so great from the listing: “Condition requires cash or 20% D. P. Conventional offers […]

This 3-bedroom in the Metropolitan Tower at 310 S. Michigan in the Loop came on the market in May 2011. It is bank owned. I’m not sure it actually IS a 3-bedroom however. The unit above it, #1309, is also on the market as a 2 bedroom plus den and it is a short sale. If anyone […]

This 3-bedroom single family home at 2941 W. Lyndale in Logan Square just came on the market. It is bank owned. Built in 1893 on a 25×100 lot, the listing says it is one of the original homes in the area. It is just a block to the California blue line stop. There are no […]

This 2-bedroom loft at 3963 W. Belmont, in the Shoemaker Lofts, in Avondale has been on the market since November 2010. It is bank owned. The Shoemaker Lofts is the old Florsheim Shoe Factory and was converted into lofts in 2007. The corner loft has 11 foot high ceilings and exposed brick. At 800 square […]

This 2-bedroom in the Fordham at 25 E. Superior in River North recently came on the market. It is bank owned. It is listed $257,100 under the 2003 purchase price. From the listing pictures, the unit appears to have the kitchen and bathrooms intact. The kitchen has upgraded stainless steel appliances and granite counter tops. The […]