Archive for the 'Foreclosures' Category

Bank Owned Lakeview 2-Bedroom Reduced Another $35K in Last 6 Weeks: 3014 N. Sheffield

We last chattered about this newer construction bank owned 2-bedroom unit at 3014 N. Sheffield in Lakeview in October 2010. In the last 6 weeks, it has been reduced another $35,700. It is now listed $168,400 under the 2006 purchase price. From the listing pictures, the kitchen and baths appear to be intact. It has […]

Bank Owned Gold Coast 2-Bedroom Listed 44% Below the 2002 Price: 1155 N. Dearborn

We actually chattered about this 2-bedroom unit in Elm Tower, at 1155 N. Dearborn in the Gold Coast in October 2008. Back then, it had been reduced $200,000 and was listed well under the 2002 purchase price. See our prior chatter and pictures here. But even with the big price cut, no one took the bait. The unit is […]

Vintage 2-Bedroom Back to the 1999 Price in Lakeview: 2831 N. Burling

This 2-bedroom unit at 2831 N. Burling in Lakeview just came on the market. It is bank owned and listed $103,100 under the 2005 purchase price. From the listing pictures, it appears that the kitchen and bathrooms are intact. The kitchen has white appliances and cabinets. It also looks like the unit has central air and […]

Get a 2/2 in Lakeview for 38% Off the 2004 Price: 525 W. Hawthorne

This 2-bedroom unit at 525 W. Hawthorne in Lakeview just came on the market. It is bank owned and listed for about 38% under the 2004 purchase price. The high rise building was constructed in 1969 but was converted to condos in 2003/2004. There are about 230 units. This is the cheapest 2-bedroom unit currently […]

Are Prices Double Dipping in The Sterling? 345 N. LaSalle in River North

The Sterling, at 345 N. LaSalle, in River North once had the infamous title as the #1 foreclosure high rise condo building in the city. We’ve been chattering about the foreclosures and short sales in the building since Crib Chatter launched in September 2007. In the last 18 months to 2 years, while foreclosures continued […]

We Still Love This Terrace, Especially After a $456K Reduction: 444 W. Belmont in Lakeview

We first chattered about this 2-bedroom penthouse unit with a large roof top terrace at 444 W. Belmont in Lakeview in August 2008. See our prior chatter and pictures here. It’s worth checking out the prior chatter. At the time, everyone who posted thought it was overpriced at $825,000. Some of you thought it wouldn’t […]

Will It Be Back to the 1988 Price in Portage Park for this 3-Bedroom SFH? 4015 N. Parkside

This 3-bedroom vintage single family home at 4015 N. Parkside in Portage Park has been on and off the market for at least a year. It has been bank owned since April 2010. The house is currently listed for $259,520 under the 2006 purchase price. The listing says it has hardwood floors in the living […]

The $23,000 2-Bedroom Condo in West Town: 2606 W. Le Moyne

This 2-bedroom bank owned unit at 2606 W. Le Moyne in West Town (specifically- East Humboldt Park) just came on the market. It is listed for $22,770. No- that is not a typo. It originally sold in December 2007 for $276,500 so that is quite the discount. There are a few things a buyer should know, […]

Bank Owned Lakeview 2-Bedroom Reduced 27% from 2006 Price: 3014 N. Sheffield

This 2-bedroom newer construction unit at 3014 N. Sheffield in Lakeview recently came on the market. It is bank owned by Bank of America, which recently halted foreclosure sales in all 50 states. Obviously, any buyer of this condo will have to wait until the moratorium has been lifted to purchase this property. It looks […]

Lakeview Vintage 2/2 Listed for 25% Below the 2004 Purchase Price: 421 W. Melrose

This vintage 2 bedroom unit in The Eddystone at 421 W. Melrose in Lakeview just came on the market as a Fannie Mae property. The building was completed in 1929, as the Depression was just beginning, and was really the last of the magestic vintage apartment buildings to be completed in that era. It was supposed to […]