Archive for the 'Foreclosures' Category

Foreclosure Alert: The $64,000 Rogers Park 1-Bedroom: 7044 N. Greenview

We’ve chattered quite a bit about the decline in prices in Rogers Park. It is evident in the bank-owned properties like this 1-bedroom vintage unit at 7044 N. Greenview which recently came on the market. It is priced more than 50% under its 2006 sales price. There are no pictures of the kitchen or the […]

Foreclosure Alert: Wicker Park Mansion Reduced $1 Million: 1220 N. Damen

Looking for a foreclosure deal? This 5-bedroom new construction mansion at 1220 N. Damen in Wicker Park just came on the market. It is already bank-owned. The listing says it has been reduced by $1 million from its original asking price. Don’t be fooled by these beautiful pictures. A tipster tells me that the agent’s notes […]

Foreclosure Alert: 45% Off in Historic Oakland: 4125 S. Berkeley

The Oakland Landmark District is located on the south side of the city, just north of Kenwood. Often also called Bronzeville, the Oakland neighborhood is close to the lake and still contains at least 50 historic structures. This 1888 vintage 3-bedroom home at 4125 S. Berkeley is right in the middle of the historic district. It’s […]

Foreclosure Alert: 1-Bedroom Prices Plunge in 2000 N. Lincoln Park West

We’ve chattered about the foreclosures and short sales in 2000 N. Lincoln Park West several times. See our prior chatter and pictures here. In November 2008, banks were cutting prices on foreclosed 1-bedroom units in the 2004-2005 vintage conversion building overlooking the Lincoln Park Zoo. The banks are getting more aggressive now and prices continue […]

Bucktown Bank-Owned McMansion Reduced $910K: 2322 W. Charleston

It’s back! We chattered about this new construction McMansion home at 2322 W. Charleston in Bucktown (along with its next-door-neighbor twin, 2324 W. Charleston) nearly a year ago. Back in February 2008, the owner was under stress as a lis pendens had been filed. Read our chatter and see pictures here. Now, it’s bank-owned and has been […]

Foreclosure Alert: 40% Under the 2006 Price: 1412 W. Division

This 2-bedroom unit at 1412 W. Division in West Town might be a little too close to the Kennedy Expressway for some people’s tastes, but it’s now bank-owned and on the market for about 40% less than it sold for in 2006. See the exterior picture and the listing here (unfortunately- no interior pictures available). Has anyone […]

Foreclosure Alert: $685K Off Prior Sales Price: 2426 N. Rockwell in Logan Square

We haven’t done a McMansion foreclosure for awhile. This 3-bedroom single family home at 2426 N. Rockwell in Logan Square just came on the market and is bank owned. It looks like fairly new construction (2006-2007) and sold in 2007 with 100% financing (twice). Is this a deal? Here’s it’s history: 2426 N. Rockwell: 3 bedrooms, 3 baths, […]

Catching a Falling Knife: 4350 N. Broadway in Buena Park

We last chattered about 4350 N. Broadway in Buena Park in January 2008. At the time, Unit #1010 was going to foreclosure auction and Unit #1012 was already bank owned. See the pictures here. Unit #1012 sold in February 2008 for $405,000 (including 2 parking spaces.) Here’s its history: Unit #1012: 3 bedrooms, 2.5 baths, 1950 […]

Market Conditions: Foreclosures and Winter Don’t Mix

Thanks to the tipster who sent me the link to this Dec 26 report on Fox News about a new construction single family home in Wicker Park that is now bank-owned. I don’t have the exact address but I’m sure someone on here will figure it out from the information in the segment. It is facing complete […]

Another Week, More Foreclosures in The Sterling: 345 N. LaSalle

Didn’t someone post a few months ago that the worst was over for the foreclosures in The Sterling, at 345 N. LaSalle in River North? But I keep seeing them. The good news is, they keep selling if they’re priced cheap enough. Unit #1501, a 2/2, was just recently listed although the listing has mysteriously vanished. Is […]