We’ve been chattering about how long developers can continue to hold onto their properties in this slow market. There are plenty of new construction single family homes in the city sitting empty. This house at 3922 N. Kilbourn in the Old Irving Park neighborhood is one of them. The listing says it is subject to […]
We last chattered about River City, the American Invsco conversion at 800 S. Wells in the South Loop, in March 2008. At that time, foreclosures were selling at 55% off prior sales prices. Were buyers who bought the 3-bedroom duplexes in the last year a bit too early? What about buying now? Prices have continued to […]
We chattered about this one bedroom foreclosure in The Heritage, at 130 N. Garland, in the Loop in June 2008. It had gone under contract almost right away when it was listed but fell out of contract. The bank has since reduced it further. Frank DeNOVI at Coldwell Banker has the listing. Unit #2410: 1 […]
Right on the heels of a pending foreclosure on a mansion at 1515 N. State Parkway comes this 4,000 square foot coach house at 1520 N. State Parkway in Gold Coast. (This is a picture of the building in front. There are no pictures of the actual coach house.) It’s not, obviously, your “average” coach house. Originally listed […]
We have already chattered about numerous new construction foreclosures. Here is another one that is going to foreclosure auction at 4125 N. Oakley in the North Center/Lincoln Square neighborhood. It is currently on the market. Here’s the listing: NEW CONSTRUCTION BRICK SFH W/BRICK 2 CAR GAR W/ROOF DECK, GOURMET GRANITE KITCHEN FEATURING THERMADOR/BOSCH/DACOR STS W/BUTLERS PANTRY/BEV […]
1305 S. Michigan, the Museum Park Lofts, in the South Loop were built in 2006. This two bedroom unit is now bank-owned. There are no interior pictures. Unit #1212: 2 bedrooms, 2 baths, no square footage given Sold in November 2006 for $389,500 Foreclosure Bank owned and currently listed for $329,900 (includes the parking) Assessments of $271 a […]
Several penthouse properties are in distress in 40 E. 9th, Burnham Park Plaza Condos, in the South Loop. The building was built in 1912 and converted into condominiums earlier in this decade. It has 290 units. One penthouse is already bank owned and now listed 55% less than its previous sale. Another has a lis pendens filed against […]
We’ve chattered about The Bristol, at 57 E. Delaware, in the Gold Coast before. Some units in the building have had problems re-selling in the last few years because of the construction of a high rise directly to the south of the building on Chestnut that blocked views. Current stats on the building (out of […]
474 N. Lake Shore Drive is a 550-unit building in Streeterville right on Lake Shore Drive with stunning views of the lake and the skyline. Built in 1991 as an apartment building, it was converted into condos in the last several years. In fact, the developer is still selling units. The building offers deeded parking […]