521 – 525 W. Superior is actually the same building complex in River North (most know it by 521 W. Superior.) The buildings are timber lofts with lots of authentic brick. They were converted in the late 1990s- early 2000s. Mysteriously, a listing for a foreclosure in the building appeared on Craigslist yesterday morning, April Fool’s […]
In October 2007, I chattered about a foreclosure auction on a two bedroom unit in The Lancaster at 201 N. Westshore Drive in Lakeshore East. It was the first condo building to be completed in the Lakeshore East complex. In October, it had an auction price of $516,000. It didn’t sell at the auction and is […]
1620 S. Michigan is the modern CMK-developed building in the South Loop that closed in 2006. There are 249 units in the building. I have chattered about flippers taking losses in the building before and wondered how long other investors could hold on. A foreclosure has now appeared as well. Unit #326: 2 bedrooms, 1 […]
I’ve chattered about the rash of foreclosures in River City, the conversion at 800 S. Wells, in Printer’s Row/South Loop before. Many of the large 1600 square foot 3 bedroom, 2 bath duplexes have gone into foreclosure. One of them finally sold. Unit #551: 3 bedrooms, 2.5 baths Sold in December 2004 for $511,700 Was listed in […]
The Chicago Journal reported in its March 12 edition that the foreclosure filing against Terrapin by IndyMac Bank over its Kenosha, Wis. property won’t affect the developer’s Chicago buildings. Terrapin developed 901 W. Madison in the West Loop, which has already completed construction. It is also building Burnham Pointe in the South Loop. From the […]
In December 2007, Crain’s ran a story about smaller developers who were facing foreclosure on their developments. The Ashton Lofts at 1610 W. Fullerton in Lincoln Park was included as one of the developments in trouble in the article. From Crain’s: In October, LaSalle Bank N.A. filed a foreclosure suit to collect $5.3 million on an […]
Apparently, we’re not the only ones who noticed that The Sterling is Chicago’s #1 foreclosure high-rise. Can articles on River City, Millennium Centre and The New York, other notorious foreclosure buildings, be far behind? We’ve been chattering for months about the foreclosures in The Sterling, at 345 N. LaSalle in River North. Crain’s has all the dirty […]
Many people going into foreclosure attempt to sell first to get out of trouble. There was recently a foreclosure auction on 865 N. Hermitage #3 in West Town but it was also on the market prior to the auction. Unit #3: 3 bedrooms, 3 baths, 1.5 parking, 3 private decks, Bosch kitchen Sold in March 2006 […]
On March 5, I saw a listing for a foreclosed unit come on the market in Millennium Centre, at 33 W. Ontario, in River North. This building is one of the leading buildings for foreclosures in the city (along with, among others, The Sterling and River City.) But before I could blink, it was already snapped […]