Crib Chatter

Another week, another foreclosure at 33 W. Ontario, otherwise known as Millennium  Centre, in River North.    This week, I can’t tell for certain which unit it is because the auction record only says Unit #41.  It doesn’t list a unit letter (i.e. A, B, C etc.)  The auction amount is $323,550 in case anyone is […]

  I have already discussed how The Sterling, at 345 N. LaSalle, in River North, is the #1 Foreclosure Building in Chicago, a title one would not want to be holding, that’s for sure. But things in the building seem to get worse by the month.  Yet again, owners in the building appear to be in […]

How does someone who buys a condo for over a million dollars get into financial trouble barely a year later? I am seeing more and more of this.  The foreclosures are not just buyers with a subprime loan in a so-so neighborhood.  Many of them are also richer people living above their means, and also […]

According to the Chicago Tribune, foreclosures in Cook County, which is Chicago and some surrounding suburbs, are up 30% so far compared with a year ago.  From the Tribune: “There were 28,000 foreclosure filings in all of last year, and now we’ve already had 28,000 in Cook County through the third quarter of this year,” […]

   The second million dollar foreclosure has appeared in 33 W. Ontario at Millennium Centre. Unit #51E: Sold in December 2004 for $1.45 million Sold in January 2006 for $1.8 million Auction price of $1,452,350

  A few weeks ago I talked about a loft in the West Loop that was advertised on Craigslist as “pre-foreclosure.” It was a 1700 square foot 2 bedroom, 2 bath authentic loft at the Heartbreak Lofts at 17 N. Loomis. Unit #2K: 2 bedroom, 2 baths, 1700 square feet Previously sold for $378,000 in […]

     Yes, foreclosures are happening even in the ritzier downtown Chicago locations.  But some buildings are seeing more of them than others. In my unscientific observation, the #1 building in Chicago for foreclosures to date has been The Sterling at 345 N. LaSalle in River North.  Located near the Chicago River just down the […]

  You don’t see million dollar condos go into foreclosure that often (not yet anyway) but there is one this week. Millennium Centre at 33 W Ontario was built at the beginning of this decade by American Invsco. The building has had some difficulties since closings began in 2003.  For instance, the building is still […]

As you recall, I recently posted about a $3 million Hinsdale McMansion that was going to foreclosure after 3 years on the market.  It sold. 805 W Hickory: Originally listed for $3.198 million in 2004 Previously listed for $1.799 million in September 2007 Went to auction for $1.301 million Sold on September 12, 2007 for […]

Following on the heels of the $4.6 million foreclosure in Lincoln Park, another huge McMansion home, this time in ritzy Hinsdale, is going on the auction block today. The home’s MLS listing describes it as the following: 5 bedroom, 5+ bath with elegant foyer and reception hall. Well-designed kitchen and stunning family room. Rich in details […]