Archive for the 'Reductions' Category

Brewster 2-Bedroom Reduced $6K: 2800 N. Pine Grove in Lakeview

It’s not just the penthouse in The Brewster at 2800 N. Pine Grove in Lakeview that isn’t selling. We last chattered about this 2-bedroom remodeled unit last June. See the pictures and our chatter here. Since then, it has been reduced another $6,000. It also is not currently on the MLS- but it is on Craigslist. Here’s […]

$3K Reduction on Clybourn Corridor New Construction: 1718 N. Clybourn

We last chattered about this 2-unit new construction building at 1718 N. Clybourn in Lincoln Park (or the Clybourn Corridor, as it is usually known) in October 2008. See our last chatter and pictures here. Both units are still on the market and the top floor unit has now been reduced another $3,000. Are buyers swayed […]

Cheapest House in Old Town is Now Cheaper: 1454 N. Orleans

We last chattered about this 3-bedroom single family home at 1454 N. Orleans in Old Town in May 2008. It was among the cheapest single family homes currently on the market in Old Town. It’s gotten $34,000 cheaper since we last chattered about it. The sellers are also now “motivated.” Are the El tracks, right in front […]

Update on 3150 N. Sheffield: 9 Months Later Two Sold, Two Still Listed

We last chattered about The Vic Lofts at 3150 N. Sheffield in Lakeview in May 2008. At that time, we discussed 4 different units. Since then, 2 of the 4 have sold for under their prior 2006 sales prices. 2 others are still on the market, with both significantly reduced by $30,000 and $35,000, respectively. […]

A Victim of the Bad Market? 2057 N. Seminary in Lincoln Park

This 3-bedroom duplex down unit at 2057 N. Seminary in Lincoln Park has been on the market for 16 months. It is now listed $90,000 less than its original listing price and under its 2005 selling price. It seems to have it “all”- including central air, washer dryer, large square footage- except it doesn’t have parking. Is this […]

Developer Cuts Prices Again on South Loop Townhouses: 2301 S. Wabash

We last chattered in November 2008 about the developer slashing prices on 3 remaining townhouses at The Wabash Club at 2301 S. Wabash in the South Loop. At the time, the price cuts were $100,000 to $175,000 and the listing said, “Unbelieveable opportunity* These final units are priced well below prior sales in the complex. […]

We Love Authentic Lofts: Old Town Loft Reduced $25K at 1448 N. Orleans

We last chattered about this 2-bedroom triplex loft in the Carriage Park Lofts at 1448 N. Orleans in Old Town in August 2008. It is still on the market and has been reduced by $25,000. Back in August 2008, some of you thought it was overpriced.  See the pictures and our chatter here. Here’s its history again: […]

Still Available and Now Selling for Under the 2004 Price: 506 W. Armitage

The strains on the market are becoming apparent even in prestige neighborhoods like Lincoln Park. Take this vintage 2-bedroom unit we’ve chattered about twice before.  It has now been reduced $16,000 and is listed below its 2004 selling price. Is the older kitchen and bath hurting it in this competitive market? Or is it still the lack of […]

We Love Authentic Lofts: $74K Reduction at 215 W. Illinois in River North

The Anchor Lofts at 215 W. Illinois was one of the first loft conversions in River North so they are large and have more “authentic” features. We last chattered about Unit #4C, a 2-bedroom, 2-bath, in October 2008. Since then, it has been reduced again, by another $49,000. According to the listing, the unit has 11 […]

Even More Affordable Townhouse: $19K Reduction at 2349 N. Wayne in Lincoln Park

We last chattered about this 2-bedroom townhouse at 2349 N. Wayne in Lincoln Park in July 2008. See our prior chatter here. Back in July, we chattered about whether or not the townhouse was “affordable.” It is still on the market and has been reduced $19,100. Does this make it even more affordable? Here’s its history again: 2349 N. […]