3023 N. Kenmore in Lakeview is a three unit building that has changed hands several times, went condo, and now it looks like some buyers are under stress. The building originally sold in October 2004 for $739,000. It sold again in June 2005 for $998,000. The three units were then sold as condos in 2006. […]
Despite much chatter regarding foreclosures here, the number of foreclosures is still much larger on the South Side than on the North Side. But as I’ve been pointing out lately, the North Side isn’t immune. Thanks to the Tipster who sent me information on 1850 W. Division in Ukranian Village/Wicker Park, a mid-rise building with around […]
The media has been saying lately that foreclosures are “bad for the neighborhood”. This McMansion house at 2230 W. Medill is the perfect example of that. The house is near the Kennedy Expressway and Western Avenue in North Bucktown/West Bucktown/Logan Square (???). In the picture below, you can see that there are two McMansions built […]
For the last several years many “experts” have said Chicago wasn’t in a housing bubble (as they were apparently having on both coasts where prices were running up 20% a year or more.) In Chicago, prices went up “slowly” and there was no mania. Really? Maybe the experts should ask the owners of condos at […]
I haven’t talked about the John Hancock yet which is a bit peculiar as it is the world’s tallest residential structure (although it doesn’t qualify as the tallest residential highrise because it also has a commercial component.) But that’s just facts and figures. Whomever is living on the 92nd floor is living in the tallest condo […]
It’s not just condo flippers who are having a hard time selling in this market. Owners of million dollar homes in Chicago seem to be under some stress as well. Just take a walk down West Wolfram Street in West Lakeview. I’ve already posted about 1445 W. Wolfram. Remember that house? It was the “Once […]
This time, the million dollar foreclosure is in River Bend, at 333 N. Canal St. in River West. This is the first foreclosure I have seen in that building. Unit #2205: 3 bedrooms, 2.5 baths, around 2500 square feet Sold in April 2006 for $1,308,500 Foreclosure auction price of $1,106,288 Currently, Unit #1805, which is of a similar […]
Foreclosures and short sales are starting to take a toll on The New York, an American Invsco conversion at 3660 N. Lake Shore Drive in Lakeview. The 49 story building was built in 1987 and converted by American Invsco to condominiums in 2000. There are 595 units in the building ranging from studios to two bedrooms. […]
It’s back! Last September I chattered about a Lincoln Park Mansion at 2440 N. Orchard that appeared on the foreclosure auction list. It is new construction totaling 9,400 square feet including 6 bedrooms, 6 baths and 3 half baths. In September of 2007, it had the following stats: Listed for $4.6 million Auction price of $1,325,655 […]
What’s a “deal” these days when there are foreclosures and bank-owned properties springing up all over the city? This penthouse foreclosure at 933 W. Van Buren in the West Loop caught my eye. The building was built in 2003. Unit #913: 3 bedrooms, 3 baths, 2200 square feet, 325 square foot private terrace Sold in […]