Crib Chatter

If anyone else can figure out 10 E. Ontario in River North, please let me know. I last chattered about it in March. The short sales have gotten more aggressive and the foreclosures are picking up. Current stats on the building (out of 467 units): 62 for sale 7 for rent The most expensive one […]

In April, I chattered about a foreclosure in Museum Park Tower IV, at 1235 S. Prairie, in the South Loop. The building has 286 units on 36 floors and was completed in 2006. The current stats in the building: 19 for sale 11 for rent Some units might be listed as both for sale AND for […]

We chattered about this foreclosure, Unit #1208, in The Lancaster,  at 201 N. Westshore in Lakeshore East, in March 2008. Many of you thought it was overpriced then. It is two months later and it is still on the market. With NO price reduction. Maybe its problem is that it isn’t even the cheapest two bedroom in […]

What would you pay for a unit without, um, a kitchen? We’re about to find out. 4629 N. Magnolia is a lovely vintage building near the Wilson Red Line stop. A first floor two bedroom unit just came on the market and is marked nearly 40% off its prior sales price. The unit has in-unit washer/dryer AND parking. […]

I’ve chattered about the sellers in distress in 1620 S. Michigan in the South Loop several times before. So far, in 2008, only three units have sold. Current stats on the building (out of 249 units): 14 for sale 6 for rent 8 motorcycle spaces for sale (for $4900 each) In February 2008, one seller was […]

As a reader pointed out a week or so ago, a two bedroom short sale has appeared on the market in The Columbian, at 1160 S. Michigan, in the South Loop. This is the new construction high rise at the corner of Michigan Avenue and Roosevelt Road. Here is the listing for Unit #2502: SHORT SALE… SELLER […]

The New York Times ran an article yesterday called “Collateral Foreclosure Damage for Condo Owners” about how owners are being saddled with paying special assessments, among other burdens, to cover assessments on foreclosed condo units. The article talks about what the condo mess is doing to owners in downtown Miami. But Chicago is also mentioned. We’ve chattered about this […]

Some bank-owned units seem to sell like hotcakes and others sit on the market for months.  Why? Unit #406, the 2/2 in The Sterling at 345 N. LaSalle that is bank-owned has been on the market for several months at $285,000.  See the pictures below: The two bedroom foreclosure at 212 W. Washington that I chattered about in March 2008, […]

This coach house at 1234 N. Dearborn in the Gold Coast is part of a larger condo association. It does NOT  have parking but it appears to have a rooftop deck. There’s no square footage listed, but the room sizes are pretty generous. Both bedrooms are on the second level: Livingroom: 23 x 18 Kitchen: […]

If anyone can figure out what is going on at 928 W. Eastwood in Uptown (not far from the Wilson Red Line stop), please inform us. There are four units out of eight in the building are currently on the market. The building was originally bought in February 2005 for $1.225 million. It looks like a […]