We’ve chattered about 2000 N. Lincoln Park West in Lincoln Park several times before. It is a vintage building on Lincoln Park that was converted into condos in 2004-2005. There were several short sale units in the building. Now, the foreclosures are beginning and the banks are discounting the properties quite severely. Three “14” tier one bedroom units are on […]
Want to buy a gold coast mansion at a foreclosure auction? Now is your chance. 1515 N. State Parkway, an Italianate mansion built in 1906, is going to foreclosure auction this week for the mere price of $3,083,628. That is a reduction from the current asking price of $4.975 million. The mansion has eight bedrooms, 7.5 baths, […]
Crain’s discusses the rate of foreclosure in many of the American Invsco buildings from 2001-2008 in this week’s issue. Many of the issues are familiar to anyone who reads this blog: there are a lot of foreclosures in American Invsco buildings. We’re glad we weren’t the only ones noticing. From Crain’s: Eight downtown buildings developed by […]
In February 2008, we chattered about two new construction houses on West Charleston in Bucktown where the owners were clearly in distress. One of them was 2324 W. Charleston. That house just went to foreclosure auction. Here’s the history: 2324 W. Charleston: 4 bedrooms, 3.5 baths, 2 car garage Original house (teardown) sold for $346,000 in […]
The Heritage, at 130 N. Garland, in the Loop near Millennium Park is the building that “started it all” in the Millennium Park neighborhood. It was The Heritage that made it seem chic to live south of the River. Prices skyrocketed in the building initially, but have since leveled off as other buildings opened nearby. The east […]
This one bedroom loft, Unit #107, at the Locomobile Lofts at 2000 S. Michigan in Motor Row in the South Loop, just went to foreclosure auction. (We just chattered about a big penthouse unit in this same building last week.) This is the first time I’ve seen the listing agent tell it like it is. This […]
It wasn’t just condos that soared in price the last few years. All over the city, single family home prices sometimes doubled, tripled, or more. Question is: what is the “true” market for single family homes now that the market is correcting? Take 1717 W. Granville in Edgewater. It’s a 4 bedroom, 1.5 bath house with […]
Want a three bedroom unit in River North for under $500,000? Look no further than Huron Pointe at 421 W. Huron. Built in 2001, it has 99 units. Three three bedrooms, or two bedrooms with den if you prefer, are on the market for under $500,000. Unit #1201 just went to foreclosure auction but the seller was […]
I last chattered about 1600 S. Prairie in the South Loop in January 2008. The building started closings in 2006. Current stats on the building: 18 for sale (including some still available from the developer) 5 for rent Some may be both for sale and for rent. One of the million dollar units I chattered about […]