We’ve chattered about the distress sales at the Millennium Centre at 33 W. Ontario in River North numerous times before. This recently listed bank owned 50th floor 2-bedroom unit has unobstructed views, hardwood floors, cherry cabinets and granite countertops in the kitchen. From the pictures, it appears that the stainless steel appliances and the washer/dryer are still […]
We last chattered about this 2-bedroom bank owned unit at 1601 S. State in the South Loop in October 2009. See our prior chatter and pictures here. The unit, Unit #3H, recently sold for $54,000 under the original listed price. It also sold for well under the recent sales price of Unit #5H, which had parking included, […]
We chattered about this bank-owned multi-unit building at 3510 N. Ashland in Lakeview several times. See our September 2009 chatter and pictures here. It finally sold in September 2009 for $515,000 under the 2006 purchase price but above the 2003 price. We’ve debated if this made sense from an investment point of view. Apparently, the […]
Remember this bank owned 1-bedroom unit at 600 N. Kingsbury in River North? We chattered about it at the end of July. Several of you predicted it would sell for more than the list price and you were right. See our prior chatter here. It sold quickly and closed for $21,800 over the list price. There were […]
We’ve chattered about distress sales several times in 201 N. Westshore, The Lancaster, in Lakeshore East. The Lancaster, which was built in 2004, was the first of the Lakeshore East high rises. See our March 2009 chatter about short sales on 08 tier units here. The unit mentioned in the March chatter, Unit #1008, finally went […]
We chattered about this bank owned single family home at 2823 N. Racine in Lakeview back in July. It is still available and has now been reduced another $43,000. It is now listed for $238,200 under the 2003 purchase price. Anyone been in it? Jason Shapiro at Rising Realty LLC still has the listing. See […]
We’ve chattered about 2625 N. Clark in Lincoln Park twice before. The first time was in March 2008 when short sales were beginning to pop up in the highrise conversion. The one bedrooms in short sale were listed in the mid to low-$200,000s back then. See the March 2008 chatter and pictures of the units […]
6030 N. Sheridan is a highrise with 262 units in the Edgewater neighborhood along the lakefront. At the height of the market, 1-bedrooms in the building were selling for up to $180,000. Now, with numerous of the units either in short sale and foreclosure, you can get one for 60% off that price. Current building stats […]
This newer 2-bedroom condo at 1601 S. State in the South Loop is bank owned. It has also been reduced by $20,100 from its original list price in July. It has hard wood floors, granite countertops and stainless steel appliances in the kitchen. It also has in-unit laundry and central air. The only thing it is missing […]
Last May we chattered about this bank-owned 3-flat at 3510 N. Ashland in Southport. See our chatter and pictures here. At that time it was listed at $386,100 under the 2006 purchase price. It has since been reduced another $87,000 and has now gone under contract. Does this price make sense from an investment perspective? David Piche […]