Archive for the 'Foreclosures' Category

Foreclosures and Short Sales (Again) in the Paramount Lofts: 1645 W. Ogden

It’s time to re-visit the Paramount Lofts at 1645 W. Ogden, a 2006 conversion in the West Loop. We last chattered about the building in April 2008 when foreclosures and short sales were happening in the building. See our prior chatter and pictures here. 14 months later and there are still foreclosures and short sales. […]

Foreclosure Alert: The Affordable River North 1-Bedroom: 600 N. Kingsbury

We’ve chattered about 600 N. Kingsbury, or Park Place, in River North before. The building was built in 2002 and has 165 units. This 1-bedroom bank owned unit just came on the market. The listing says it has a maple kitchen with granite counter tops and hardwood floors. There are no pictures with the listing yet. […]

Market Conditions: Bank Files for Foreclosure On Pearson on the Park: 222 E. Pearson

Crain’s reports that PrivateBank & Trust Co. has filed to foreclose on the 219-unit conversion Pearson on the Park at 222 E. Pearson in the Gold Coast. We have chattered about this building in the past. See our prior discussion and pictures here. From Crain’s: The bank alleges that the developer of the project at […]

Foreclosure Alert: Gold Coast Townhouse at 820 N. Dearborn

This set of townhouses at 820 N. Dearborn in the Gold Coast were built in the 1990s. Unit #B, which is bank owned, is a three level townhouse with the master bedroom on the third floor along with a private roof deck. It has cherry floors and a fireplace and, at least according to the pictures, the […]

Foreclosure Alert: 5-Bedroom Vintage Home in Logan Square: 2536 N. Bernard

Looking for space? This 1920 vintage home at 2546 N. Bernard in Logan Square has 5 bedrooms and 3 baths. It is bank owned and is now listed for $75,100 under the 2005 purchase price. The house is only four blocks from Logan Circle and appears to have its kitchen and baths still intact. It […]

$30K Reduction on Bank Owned Unit in the Pattington: 670 W. Irving Park Rd.

We chattered about this 3-bedroom vintage unit at 670 W. Irving Park Road in the Pattington complex on the edge of Lakeview in May. See our prior chatter and pictures here. It is still on the market and has been reduced $30,000. The unit is now listed $6,000 below the 2000 purchase price. Henry Jones at […]

Foreclosure Alert: Authentic Loft Under 1998 Price in Lincoln Park: 1236 W. Fullerton

This brick and timber 1-bedroom duplex loft at 1236 W. Fullerton, the Surrey Court Lofts, in Lincoln Park has been on the market since May. It is bank-owned and just recently had a $10,000 price reduction. The loft is now listed under the 1998 purchase price. The unit has a spiral staircase to the bedroom and den […]

Foreclosure Alert: The Single Family Lakeview Home: 2823 N. Racine

This 3-bedroom house at 2823 N. Racine in Lakeview recently came on the market. It’s bank-owned and now listed for $195,200 under the 2003 purchase price. Built in 1888, the house doesn’t have central air but appears to have at least 1-car parking. Is this cheap enough to lure buyers? Jason Shapiro at Rising Realty […]

Foreclosure Alert: Who Needs a Kitchen? 1620 S. Michigan in the South Loop

We’ve seen several condo units that have been missing their kitchens before. This one at 1620 S. Michigan in the South Loop is not only missing the kitchen, but it looks like the toilet and bathroom sink is missing in at least one of the bathrooms as well. But if a little renovation doesn’t scare you, is […]

Foreclosure Alert: Tudor Bungalow for Under $200K in Galewood

We’ve chattered about the Galewood neighborhood, located in the western part of the city near Oak Park, several times before. It’s made up predominantly of bungalows and has access to downtown through several Metra train stops. This 1951 all-brick tudor at 1931 N. Normandy recently came on the market as a bank-owned property. It has 4 bedrooms, […]