Crib Chatter

We’ve chattered many times about how it is (or isn’t) “different” in some neighborhoods or towns because wealth in those areas would insulate them from the housing bust.  We’ve debated whether prices would fall in the Greenzone or in exclusive communities on the North Shore- or if they did- if the declines wouldn’t be as severe […]

This 3-bedroom unit at 1742 N. North Park in Old Town just came on the market. It is bank owned. The 8-unit vintage building was converted into condos in 2007. It looks like this unit never sold from the developer. Two of the three bedrooms are on the main level with the third on the […]

This 1-bedroom at 160 E. Illinois, or Avenue East, in Streeterville recently came on the market. It is bank owned and is listed for $200,600, or about 41%, under the 2007 purchase price. From the pictures, it appears that the kitchen is intact but it has white appliances alongside granite counter tops. The listing says there […]

This 2-bedroom unit at 939 N. Wolcott in West Town just came on the market. It is bank owned. Built in 2004, the pictures indicate that the kitchen is intact with its stainless steel appliances, granite counter tops and wood cabinets. The bathrooms also appear to be intact. The unit is listed $19,100 under the […]

We’ve chattered about some boarded up properties such as this multi-unit one at 1114 W. Roscoe in Lakeview. It became bank owned in early December and has already been put back on the market. Built in 1887, it has 3 units which include the following: Unit #1: 3 bedrooms, 1 bath Unit #2: 3 bedrooms, […]

We last chattered about this 2 bedroom unit in The Eddystone at 421 W. Melrose in East Lakeview in October 2010. See our prior chatter here. At that time, it had recently come on the market as a Fannie Mae property. It’s kitchen and bathrooms look intact from the pictures. But now, there is a […]

We’ve been chattering about this 2-bedroom unit at 507 W. Aldine in East Lakeview for nearly 3 years. See our original chatter in February 2009 and pictures here. In that time, it was a regular listing, then went to short sale, went into contract several times, dropped out of contract and now, finally, is a […]

This 3-bedroom single family home at 2012 W. Crystal in Wicker Park just came on the market for $274,900. Yes, it is bank owned. Built in 1878 on a 25×125 lot, the 2-story house has a 2-car garage. 2 of the 3 bedrooms are on the second level and the third is in the basement. It does […]

This 2-bedroom duplex down at 2750 N. Seminary in North Lincoln Park just came on the market. It has been bank owned for 11 months and, until its listing, was a part of the larger “shadow inventory.” These are properties the banks own but have yet to re-list for sale. The listing does not tell […]

The last time we chattered about 125 E. 13th, a 2004-construction midrise building in the South Loop, was in February 2008 when the developer took out a full page ad in the Chicago Tribune about appreciation of the units in the Museum Park development. Turns out some of the original buyers in this building mentioned […]