Archive for the 'Foreclosures' Category

After More than 2 Years: From Pre-Foreclosure to Bank Owned: 1330 N. LaSalle in the Gold Coast

We last chattered about this 3-bedroom duplex condo at 1330 N. LaSalle in the Gold Coast in January 2010 after it had been on the market over 2 years and was listed as a “pre-foreclosure.” See our January 2010 chatter here. At that time it had been reduced by $110,099. The bank finally took possession […]

Foreclosure Alert: 3-Bedroom Pre-War: 3300 N. Lake Shore Drive in Lakeview

We’ve chattered about this pre-war building at 3300 N. Lake Shore Drive in Lakeview before. This 3-bedroom unit just came on the market well below the same tier units currently on the market in the building. It is bank owned. There are no interior pictures so we don’t know the condition of the unit other than […]

Hyde Park 3-Bedroom 75% Under the 2007 Purchase Price: 928 E. Hyde Park Boulevard

This 3-bedroom unit at 928 E. Hyde Park Boulevard in Hyde Park just came on the market. It is bank owned. It is also listed 75% under the 2007 purchase price. According to the pictures, the kitchen and baths are intact. The kitchen has stainless steel appliances and granite countertops. This is a big vintage […]

East Lincoln Park Bank Owned 2-Bedroom 43% Under 2006 Purchase Price: 435 W. Roslyn

This bank owned 2-bedroom unit in a greystone at 435 W. Roslyn in East Lincoln Park has been on the market for nearly 2 months. It was recently reduced. The listing has no interior pictures and doesn’t say much about the unit so we have no idea its condition. It appears to be a duplex down and […]

Bank Owned 2-Bedroom in Southport: 1251 W. Roscoe

There were a lot of apartment to condo conversions in the Southport neighborhood of Lakeview during the boom including this building at 1251 W. Roscoe. It was converted to condos in 2006. This 2-bedroom unit is now bank owned and is listed for $52,100 under its 2006 purchase price. There are Brazilian cherry floors throughout […]

A 1-Bedroom Condo Under $17,000 in Rogers Park: 7226 N. Rogers

This bank-owned 1-bedroom condo at 7226 N. Rogers in Rogers Park is currently listed for $16,900. The listing says it is a cash only sale. That is $138,100 under the 2007 sales price. The listing also says that offers are due by today at 5pm. But don’t worry if you think you’re missing out. The unit […]

It’s Got No Kitchen, But There are 3 Bedrooms: 1651 W. Addison in Lakeview

This bank-owned 3-bedroom unit just came on the market at 1651 W. Addison in West Lakeview. The listing says the kitchen is missing (and the pictures confirm it). It also says some light fixtures in the bathrooms are missing. It is a duplex down with all 3 bedrooms on the lower level. There are hardwood […]

Market Conditions: Foreclosure Suit Filed on the Silver Tower: 303 W. Ohio in River North

Crain’s reported yesterday that a foreclosure suit has been filed on the Silver Tower, the new construction high rise at 303 W. Ohio in River North. From Crain’s: Bank of America has filed a $40-million foreclosure lawsuit on a 225-unit River North condominium project in what could be a preview for other slow-selling downtown high-rises. The developer […]

Bank Owned 2-Bedroom in the Loop for the Price of a 1-Bedroom: 212 W. Washington

This bank owned 2-bedroom at 212 W. Washington, or City Center Lofts, in the Loop has been reduced by $46,600 since October 2009. And it’s still available. It has all the bells and whistles including central air, in-unit washer/dryer and even deeded parking included in the price. The unit is a “soft loft” with high ceilings […]

Over 50% Off the 2006 Purchase Price: 809 W. Oakdale in Lakeview

This 3 bedroom bank owned coach house at 809 W. Oakdale in Lakeview has been on the market since July 2009. Since then, it has been reduced by $137,400. It is already listed at more than 50% under the 2006 purchase price and is under even the 1997 purchase price. The listing doesn’t tell us […]