Archive for the 'Foreclosures' Category

Bank Owned 1-Bedroom Duplex Under 2002 Price and Still Not Selling: 1221 N. Dearborn in the Gold Coast

A lot of first time buyers who want to live in the Gold Coast gravitate towards the high rise at 1221 N. Dearborn. Most of the 1-bedroom units are duplex up, with the bedroom on the second level. The building also has an indoor pool and leased parking. There are no washer/dryers in the units- […]

Would You Rent from the Bank? 400 W. Deming in Lincoln Park

This is the first time I’ve seen the bank actually try and rent out a unit it now owns at the same time they’re apparently going to try and sell it. This 1-bedroom unit at 400 W. Deming, in the historic Marlborough, which is literally right on Lincoln Park, recently came on the market as a […]

Bank Owned Albany Park 2-Flat Under the 1990 Price: 3011 W. Ainslie

This bank owned 2-flat at 3011 W. Ainslie in Albany Park came on the market in early January and has already been reduced once. The brick property was built in 1921 and consists of two units. Unit #1: 2 bedrooms, 1 bath Unit #2: 2 bedrooms, 1 bath There is a 2-car garage and a […]

Does Parking Matter? 2123 N. Kenmore in Lincoln Park Returns and is Now Bank Owned

This 3-bedroom unit at 2123 N. Kenmore in Lincoln Park originally became the poster child for the question “does parking matter?” in May 2008. See our May 2008 chatter and the 2008 interior pictures here. The unit has seemingly everything except the deeded parking space, including a washer/dryer in the unit and central air. We chattered […]

Live Near the Nightlife on Rush Street: 120 W. Oak in the Gold Coast

This bank owned 2-bedroom unit recently came on the market at 120 W. Oak in the Gold Coast, just a short stroll to the bars and restaurants on Rush Street. The 14-unit building was built in 2002. The unit has hardwood floors and, from the pictures, it looks like the kitchen is intact, with stainless […]

A Rare 4-Car Garage with a Single Family Home: 6316 N. Magnolia in Edgewater

This 4-bedroom vintage Victorian single family house at 6316 N. Magnolia in the Magnolia Glen neighborhood of Edgewater came on the market in December 2009. The listing says it is on a double wide lot of 50×125. It also has a rare 4-car garage. The house has many of its vintage 1904 features intact including woodwork, […]

When Your View is Blocked By New Construction: 300 W. Grand in River North

For many years, an empty parking lot stood to the north of the brick and timber loft building at 300 W. Grand in River North. It took the housing boom of the last decade before a developer decided to build on it. The new highrise, The Silver, at 303 W. Ohio, was the result. This […]

A Single Family Home for Under $200K in Andersonville: 5209 N. Ashland

Yes, it’s bank owned. But this 4-bedroom single family home at 5209 N. Ashland in Andersonville is listed under $200,000. It appears from the pictures that the kitchen and some of the bathrooms have been stripped from the house. It doesn’t have central air but it does have a 2 car garage. Two of the bedrooms […]

River North Timber Loft Listed Under the 1998 Price: 550 N. Kingsbury

This 2-bedroom timber loft at 550 N. Kingsbury in River North just came on the market. It is bank owned. The loft is currently listed for $5,100 under the 1998 purchase price. The 2-bedroom unit has central air, washer/dryer in the unit. It also appears to have 2 parking spaces which are included in the price. […]

Buying an Investment Condo in Edgewater: 1439 W. Elmdale

This large bank owned 1-bedroom unit at 1439 W. Elmdale in Edgewater is in an older court yard building on a tree lined street. It doesn’t have central air or parking (though the listing says it does have parking- if you know the building and the street- it’s clear it does not). The listing doesn’t […]