The Sun-Times is reporting that Rokas International, Inc.’s president, Andrius Augunas, has left Chicago and may be in his native Lithuania. Rokas was the developer at 2300 S. Michigan in Motor Row in the South Loop that has stopped construction and faces numerous contractor liens. “He’s a very nice guy and doesn’t come off as […]
The mid-tier bracket around $400,000 seems to be very a very hard sell right now. And every month there is new inventory coming on-line. With all the new high-rises closing in the South Loop, there will be a glut of the small two/twos there. There’s currently a short sale and a foreclosure in 1600 S. […]
There are some great homes in the Grand Boulevard neighborhood on the South Side of the city such as this one, a 1889 historic house at 4501 S. Forrestville. Unfortunately the market got a little to hot for the neighborhood during the boom. The listing states: Recently renovated 5 bedroom, 4.5 bath Greystone mansion. Beautiful condition. Offers best of […]
There has been a slow trickle of foreclosures in Admiral’s Pointe, at 645 N. Kingsbury, in River North. The building originally closed on units in 2002. Prices continue to fall in the building, with some units listed for under their 2002 closing prices. Two units are currently in foreclosure: Unit #2501: 2 bedrooms, 2 baths, 1180 […]
I last chattered about 635 N. Dearborn in River North in October 2007. At the time, some sellers seemed pretty desperate. Unit #1703: 2 bedroom, 2 bath, 991 square feet Sold in January 2004 for $373,500 Was listed in October 2007 for $395,000 plus $35,000 for parking (two spaces available) Still listed for $395,000 Listing […]
Crain’s reported on Terrapin’s financial problems a week ago but now the Sun-Times is confirming that the company could be the first of the big condo developers to go out of business. Terrapin Properties is the developer of 901 W. Madison in the West Loop as well as Burnham Pointe at 710 S. Clark in […]
Just because a property is in foreclosure, that doesn’t necessarily make it a “deal.” Another foreclosure has popped up in City Center Club at 212 W. Washington in the Loop. This two bedroom is the cheapest in the building (with the parking included.) Unit #1902: 2 bedrooms, 2 baths, 950 square feet Sold in October 2002 […]
There has been a lot of new construction on west Roosevelt Road towards the UIC medical center and by St. Ignatius College Prep. 1075 W. Roosevelt Road is a 23 unit new construction mid-rise built in 2006 at the intersection of Roosevelt and Blue Island. The original 2006 prices weren’t cheap. One bedrooms started around $180,000 […]
This news warrants a weekend posting. Thanks to Mike for pointing out that the 2/2 we’ve chattered about before in The Sterling, at 345 N. LaSalle in River North, has dropped in price again. Just a recap: Unit #206: 2 bedroom, 2 bath, around 1200 square feet Sold in September 2004 for $445,000 Sold in September […]