Archive for the 'Foreclosures' Category

“Great Investment Opportunity” in Bank Owned 2-Bedroom at 720 N. Larrabee in River North

This 2-bedroom unit in the Two River Place high rise at 720 N. Larrabee in River North has been on the market since August. It is bank owned and is listed for $66,000 under the 2004 purchase price. It has all the bells and whistles of newer construction including central air, washer/dryer in the unit […]

A 2/2 With Parking for Under $280K in River North: 653 N. Kingsbury

We’ve seen 2/2s under $280k in River North before (aka in The Sterling) but never with a deeded parking space such as this unit has at Kingsbury on the Park at 653 N. Kingsbury. It is bank owned and listed for $91,100 under the 2004 purchase price. The unit has the bells and whistles buyers look for […]

Who Can Compete Against the Foreclosures? 3310 N. Halsted in Lakeview

This 2-bedroom unit at 3310 N. Halsted in Lakeview just came on the market. It is bank owned. The building looks to be 2006-2007 construction. From the pictures, it still has the bathrooms and kitchen intact which includes granite counter tops and stainless steel appliances. It has all the other new construction bells and whistles including central […]

No Marketing Whatsoever: Simply “Sold As-Is”: 655 W. Irving Park Rd. in Lakeview

This 2-bedroom unit in Park Place Tower, the massive high rise at 655 W. Irving Park Road in Lakeview, has been on the market since August and recently reduced $10,750. It is bank owned. There are absolutely no pictures with the unit and no description other than “sold as-is.” So, we have no idea of […]

When the Whole Building is Bank Owned: 2430 W. Iowa in West Town

2430 W. Iowa in West Town is a 3-unit building built in 2005. Each of the units had all the new construction bells and whistles of that era- including cherry kitchen cabinets and granite counter tops along with wood floors. All 3 units sold in 2005 and early 2006 and now all 3 have been […]

The $105,000 Lakeview 1-Bedroom Condo: 420 W. Belmont

This 1-bedroom condo at 420 W. Belmont in Lakeview has been on the market for 2 months and has been reduced by about $15,000 It is bank owned. At 850 square feet, it does not have central air (only wall units) and no in-unit washer/dryer. It does come with deeded parking. From the pictures, the […]

The 2 Bedroom River North Condo Unit For Under $300,000: 635 N. Dearborn

This 2-bedroom unit in The Caravel, at 635 N. Dearborn in River North is listed for under $300,000. It is bank owned. We have chattered about several distressed properties in this building in the past. From the pictures, this unit appears to have the kitchen and baths intact. The kitchen has white appliances and granite […]

Bank Owned South Loop Penthouse Loft 55% Off 2006 Purchase Price: 1322 S. Wabash

This 2-bedroom penthouse loft at 1322 S. Wabash, the Filmwork Lofts, in the South Loop is currently listed for about 55% under the 2006 purchase price. It is bank owned. The loft is also missing the kitchen and most of the baths. The listing says it “needs work.” But the listing says there are partial lake views and apparently […]

Paris Maisonnette Returns in The Barry: 3100 N. Sheridan in Lakeview

We last chattered about this 2-bedroom unit in The Barry, at 3100 N. Sheridan, in Lakeview nearly 2 years ago- in October 2008. See our prior chatter and pictures here. Back then, the listing described it as a “maisonnette in Paris”. It is now bank owned and is listed for $39,600 under the 2007 purchase price. The […]

Bank Owned 4-Bedroom Condo at 45% Off 2005 Purchase Price: 3722 N. Wilton in Lakeview

This 4-bedroom duplex up unit in an 1890 vintage Victorian at 3722 N. Wilton in Lakeview just came on the market. It is bank owned and priced about 45% under the 2005 purchase price. The listing says it needs “some TLC.” From the listing, the kitchen looks intact. There are 41 inch beech cabinets, granite counter tops […]