A “penthouse” in The Sterling at 345 N. LaSalle has come on the market after foreclosure. It didn’t sell at auction and is now bank-owned. Unit 4701: 3 bedroom, 3 bath, 1900 square feet An ad on Craigslist says it sold in September 2005 for $895,000 It also sold in February 2005 for $719,500 Currently listed […]
The #1 high rise building for foreclosures in Chicago continues to live up to its name. Foreclosures and attempted short sales are just crushing condo values in the The Sterling at 345 N. LaSalle. Case in point: I currently count seven “01” tier 2 bedroom, 2 baths on the market. These are 1160 square feet and are on […]
The number of foreclosure filings against developers are piling up. So far, it has been the smaller developers that are in distress. We haven’t yet had a filing against one of the big highrises. Crain’s reports that the latest is a foreclosure filing on 417 S. Dearborn, an 1889 historic building just north of Printers […]
Foreclosures are now hitting the heart of downtown. A foreclosure auction is scheduled on a one bedroom unit today at The Heritage, at 130 N. Garland Court near Millennium Park in the Loop. The Heritage is the building that started the Millennium Park craze and revitalized the loop as a residential destination for “luxury” buildings. It’s a large building with 356 […]
There are a lot of stressed out homeowners in Chicago who are struggling to make their mortgage payment. As I’ve said before, the highest number of the foreclosures have been on the South Side. A report out by the National Training and Information Center confirms this. Crain’s reports that the Englewood neighborhood on the South Side is […]
Foreclosures have been rampant on the south side of Chicago for the past few months. They’ve also taken off in several downtown high rises. But in recent weeks, there has been a slow creep of more listings on the north side, specifically Lincoln Park and Lakeview. I wouldn’t call it a deluge. But it’s happening. […]
What is it about Millennium Centre anyway? Not only is it in the top three of condo buildings for foreclosures, but it is winning the unfortunate title of having the most expensive units under foreclosure. There was a million dollar foreclosure a few weeks back. This new one is even pricier: 33 W. Ontario Unit […]
There is a building going up for foreclosure sale tomorrow at the Daley Center at the following address: 1925 N. Lincoln The foreclosure price? $6,872,000 It is listed on the foreclosure list as a “condominium” (not an apartment building) with one pin number which I found odd until I attempted to find the listing. After an […]
The Sterling, at 345 N. LaSalle in River North, continues to live up to its name as the #1 building for foreclosures in downtown Chicago (and possibly ALL of Chicago). Two new auctions were held this week: Unit #2710: 1 bedroom, 1 bath Sold in December 2003 for $329,500 Auction price of $269,643 Unit #2804: studio […]