Archive for the 'Foreclosures' Category

Remember This Bank Owned 1-Bedroom In Old Town? It’s Now Just $199,500: 1212 N. Wells

We last chattered about this 1-bedroom in the Neopolitan at 1212 N. Wells in Old Town in August 2012. See our August 2012 chatter here. We mainly debated whether or not it now made sense to buy this kind of property instead of renting for thousands of dollars a month directly across the street in […]

An Investor’s Dream? A 2/2 With Parking In West Town At 2029 W. Division

This 2-bedroom at 2029 W. Division in West Town recently came on the market. It is bank owned. The listing says that it is a Freddie Mac First Look Initiative property for the first 15 days (meaning owner-occupiers get the first look at it.) But the listing also says that the building is “all rentals.” […]

The Bank Now Owns This East Lakeview 2/2- Will It Go Back To The 1997 Price? 521 W. Surf

We last chattered about this East Lakeview vintage 2/2 at 521 W. Surf in December 2011. See our prior chatter here. Back then, it was listed just under $300,000, but a lis pendens foreclosure had been filed. The listing was withdrawn without a sale and the bank took possession in April 2012. The property recently came […]

Bank Figures Out This Loft Is Over Priced And Reduces $50K: 2-Bedroom At 811 W. Aldine in Lakeview

We last chattered about this 2-bedroom loft in the Mandel Brothers Lofts at 811 W. Aldine in Lakeview in July 2012. See our prior chatter here. At the time, the loft was bank owned and yet it was listed just 3% under the 2004 price. Most of you thought the price was too high (no […]

Back To The 2002 Price For This Bank Owned 2-Bedroom Loft: 300 W. Grand in River North

This 2-bedroom loft at 300 W. Grand in River North has been on the market since July 2012. It is bank owned. It has exposed brick but white ceilings along with hardwood floors in the main living areas. The bedrooms have carpeting. It appears that only one of the bedrooms has windows in it with […]

Rare Bank Owned East Lakeview Vintage 2-Bedroom Rowhouse Comes On The Market: 639 W. Surf

This 2-bedroom vintage rowhouse at 639 W. Surf in East Lakeview recently came on the market. It is bank owned. Built in 1886, it still has some of its vintage interior features including 2 fireplaces, with one being in the master bedroom, and door and window moldings. From the pictures, the kitchen appears to be […]

Back To The 1998 Price For This Bank Owned 2-Bedroom Loft? 226 N. Clinton On The Near West Side

This 2-bedroom in the Clinton Street Lofts at 226 N. Clinton on the Near West Side recently came on the market. (Sorry about the picture. It is a couple of years old and I just noticed that it’s not the greatest one I’ve ever taken.) It is bank owned. The loft has numerous walls of […]

Good News! The Pratt Mansion Is Under Contract: 2100 W. Pratt Blvd in West Ridge

We’ve chattered about this 112-year old mansion at 2100 W. Pratt Boulevard in West Ridge several times over the last few years. Our last chatter was in July 2012 after the bank took control of the property. See that chatter here. But there’s good news! After originally being listed in January 2011 for $2.45 million […]

Should You Rent Or Buy In Old Town? A 900 Square Foot 1-Bedroom At 1212 N. Wells

This 1-bedroom in the Neopolitan at 1212 N. Wells in Old Town just came on the market. It is a Fannie Mae Homepath property. From the listing pictures, it appears the kitchen and bath are intact. The kitchen has maple cabinets and black appliances. The unit has two balconies including what looks to be a […]

Fannie Mae Lists For $10K More Than 2003 On This 3-Bedroom Townhouse: 642 W. Armour in West Town

This 3-bedroom townhouse at 642 W. Armour in West Town recently came on the market. It is a Fannie Mae Homepath property and can be purchased for just 3% down. It has 2 bedrooms on the second floor and a 3rd bedroom on the top floor. The kitchen looks intact with white cabinets but the […]