Archive for the 'Foreclosures' Category

Do 853 Sq. Ft. 1-Bedrooms Still Sell For Over $300,000 In River North? 400 N. LaSalle

This top floor 1-bedroom at 400 N. LaSalle in River North just came on the market. It is bank owned. Located on the 45th floor, it has north facing city views. From the listing pictures, it appears to have hardwood floors in the main living area. The kitchen seems to have maple cabinets, granite counter […]

What Would You Pay For A Bank Owned 2/2 With Parking In Old Town? 1309 N. Wells

This 2-bedroom in 1309 N. Wells in Old Town has been on the market since October 2012. It had previously been on and off the market since 2008 (!) but never sold. It is now bank owned. At 1100 square feet, it has oak hardwood floors and a fireplace. The kitchen has white cabinets, counter […]

This Bank Owned 4-Bedroom Is Listed 35% Off The 2005 Price: 1601 S. State In The South Loop

This 4-bedroom single floor unit at 1601 S. State in the South Loop has been on the market since August 2012. It is bank owned. At 4500 square feet, it has as much square footage as a larger single family home in the neighborhood. It has hardwood floors in the main living areas. The kitchen […]

Want To Be A Landlord In The Gold Coast? A 2-Bedroom At 20 E. Goethe

This 2-bedroom in 20 E. Goethe in the Gold Coast recently came on the market. It is bank owned and is a Homepath property which means it can be purchased for just 3% down. The listing also says it is being sold as “tenant occupied.” I couldn’t find the recent rental listing but here is […]

Remember When People Were Flipping Condo Units? 225 W. Huron In River North

This 1-bedroom loft at 225 W. Huron in River North is bank owned. These lofts were converted from apartments into condos in 2006 during the boom. Remember all the flipping that was happening during the boom? That seems like a looooong time ago now. This 750 square foot loft sold in March 2006 for $206,500 and then […]

The Price Keeps Falling On This 3-Bedroom Fannie Mae Owned Townhouse In West Town: 642 N. Armour

We last chattered about this 3-bedroom townhouse at 642 N. Armour in West Town in August 2012. See our prior chatter here. It was then listed for $10,000 more than the 2003 purchase price but most of you thought that list price was nuts- considering what the property looked like in the pictures. Since then, […]

Our Favorite Bank Owned Streeterville Penthouse Reduces Again: 247 E. Chestnut

We’ve chattered about this bank owned 4-bedroom penthouse at 247 E. Chestnut in Streeterville several times over the past few years. See our June 2012 chatter here. Back in June, it was already bank owned. A couple of you wondered whether or not it didn’t make more sense to buy the unit and split it […]

Get A 2/2 With Parking For Under $290K In The South Loop: 1600 S. Indiana

This 2-bedroom at 1600 S. Indiana in the South Loop has been on the market since August 2012. It is a Fannie Mae Homepath property which can be bought for 3% down. According to the pictures, the corner unit still has its kitchen and baths intact. The kitchen has maple cabinets, stainless steel appliances and […]

How Much Should That 1-Bedroom Loft Be In Motor Row? 2332 S. Michigan

This 1-bedroom loft at 2332 S. Michigan in the Motor Row neighborhood of the far South Loop just came on the market. It is bank owned. This is a 22-unit building which was converted into upscale lofts in 2006/2007. This unit has exposed brick and a beamed ceiling. There is a marble bath with rain […]

On and Off the Market for 8 Years and Now Bank Owned: A Wicker Park Cottage at 1234 N. Marion

We last chattered about this 4-bedroom brick cottage at 1234 N. Marion in Wicker Park in September 2010. Check out our prior interesting discussion about the mortgages and whether or not this is a teardown here. Some thought tearing it down would be problematic because there is no alley- only the side driveway. Financedoc also posted […]