Crib Chatter

Is it possible that even investors have tired of buying up foreclosed and short sale units in The Sterling, at 345 N. LaSalle, in River North? There are two in the building that have been sitting on the market for awhile with no takers but this high-floor 2-bedroom looks particularly intriguing. Here’s the listing: PRE-FORECLOSURE PROPERTY! HIGHLY UPGRADED […]

I know many of you are interested in the deals that are showing up in 2, 3 and 4-flats. Thanks to the Tipster who sent me information about this 2-flat at 3826 N. Whipple in the Albany Park (or is it east Irving Park???) neighborhood. This is bank-owned and there are no pictures of the […]

This 1930s Georgian at 10301 S. Leavitt in Beverly is bank-owned. It was originally listed in August 2008 and has had a series of aggressive price reductions. This bank doesn’t appear to be messing around. There are no interior pictures (sorry.) Here’s the listing: Beautiful Beverly Georgian style home. Sold as is. No disclosures, no […]

A 1-bedroom bank-owned unit has appeared in Erie on the Park at 510 W. Erie in River North. A second 1-bedroom unit two floors below is also in short sale. Is the bank-owned unit even a deal? Here’s the listing on the bank-owned unit: GREAT OPPORTUNITY! BANK OWNED! UPGRADED 1 BDRM/OPEN FLOOR PLAN IN FAMOUS LUCIEN LAGRANGE […]

I don’t know if this unit at 33 W. Ontario in River North is under contract yet (it came on the market a little while ago.) But it is further evidence as to what is going on in the market. We’ve chattered about other foreclosures in 33 W. Ontario before. This 2-bedroom unit is now […]

This 2 bedroom-unit at 257 E. Delaware in Streeterville is bank-owned.  Who’s up for it? There are NO pictures of the kitchen in the listing. Here’s the listing: STREETERVILLE VINTAGE TRADITIONAL 2 BEDROOM, 2 FULL BATH CONDO IN A FANTASTIC LOCATION W/VIEW OF LAKE MICHIGAN! THE UNIT FEATURES:LARGE ROOMS, 2 FIREPLACES, HARDWOOD FLOORS, AND HIGH […]

The number of properties heading into trouble in 10 E. Ontario, the American Invsco conversion in River North, is spiking. Will it overtake The Sterling, at 345 N. LaSalle, as the #1 high-rise building for foreclosures in the city? There are approximately 61 units, or 13% of the building, currently under some form of stress  – for example, […]

We chattered about this 2-bedroom loft at Ravinia Lofts at 2024 S. Wabash in November 2007. At the time, it was a short sale. It has since been foreclosed and is now back on the market as a bank-owned unit. It’s listed for only $20k less than it was as a short sale last fall […]

This 1-bedroom foreclosure at 63 E. Cedar is missing everything- including the floors.  Literally.   Not a pretty sight. But the location is right in the middle of the Gold Coast. Location, location, location! Is this a remodel gone wrong? Here’s the listing: Highly Desirable Location! Unit is completely gutted. Corporate Owned. Sold As-Is. Seller makes no […]

Thanks to the Tipster who directed my attention to this 1-bedroom foreclosure in 30 E. Huron in River North. We’ve seen condo units missing their kitchens before- but this one is missing the kitchen AND the bathroom. Yes- it is a foreclosure and is now bank-owned. Anyone have some “vision”? Amalgamated Real Estate has the listing. Unit […]