Archive for the 'Reductions' Category

334 W. Menomonee Units Come Back on the Market in Old Town

We’ve chattered about 334 W. Menomeee in Old Town several times. It is the 16-unit historic conversion by Melrose Partners located in a prime location in the middle of Old Town’s historic triangle. I believe only 4 out of 16 units have sold since sales began in 2007. Many others have been rented out. But several recently […]

$130K Reduction in Irving Park: 4251 N. Mozart

This small building at 4251 N. Mozart is a new construction conversion in Irving Park, just south of the Ravenswood neighborhood. A duplex down first floor unit has been on the market since April 2007. It’s been reduced several times and is now priced at $130k less than a year and a half ago. Will […]

$300k Price Reduction in The Palmolive: 159 E. Walton

We last chattered about this 2-bedroom unit in The Palmolive, at 159 E. Walton, in the Gold Coast in April 2008. The unit was completely upgraded, including a new kitchen. It is still for sale and it has been reduced $300,000. Here’s the listing: Stunning re-sale residence in premier condominium building, steps from Magnificent Mile! One […]

Gold Coast Vintage Terrace Unit Reduced $350k: 220 E. Walton

Nearly 10 months ago we chattered about this vintage unit at 220 E. Walton in the Gold Coast. It has a fantastic penthouse terrace. It’s still on the market and has been reduced $350k. Here’s the current listing: NEVER BEFORE ON MARKET! ELABORATE VINTAGE PENTHOUSE W/ OVER 2145 SQ. FT. OF OUTDOOR TERRACE SPACE! EXPANSIVE S,E, […]

Reductions on East Lakeview 1Bds: 711 W. Melrose

We chattered about a bunch of one bedroom units on the market at 711 W. Melrose in East Lakeview in June that were originally sold in 2005, at the peak of the housing boom. 3 out of 4 are still on the market. 2 of those have been reduced. Dream Town Realty has the listing for Unit #F1 […]

First Lis Pendens in Fairbanks at City Front Plaza: 240 E. Illinois

We’ve chattered about Fairbanks at City Front Plaza at 240 E. Illinois in Streeterville before. Closings began on the lower floors of this building in 2006 and they continue on the tower portion. This is the first lis pendens, that I’ve seen, in the building. Unit #602: 1 bedroom, 1 bath Sold in August 2007  (I […]

$650k Reduction in the Palmolive: 159 E. Walton

There are some buildings where units continue to sell well and that includes The Palmolive, at 159 E. Walton in the Gold Coast. We chattered in April about several $5 million+ units that had sold in the building in the last year.  Since that time, another one has sold. I don’t have the unit #: […]

Sheridan Road Penthouse reduces $161k: 6030 N. Sheridan

This penthouse at 6030 N. Sheridan evoked much discussion back in May. The building was converted into condominiums in 2003. Penthouse 01 has a sunroom with a jacuzzi tub as well as a large terrace. Since we last chattered about it, it has been reduced $161,000. And now there are pictures of the 1000 square foot terrace […]

$600k Reduction on South Loop Townhouse: 232 E. 14th

Remember this luxury South Loop townhouse at 232 E. 14th Street? We chattered about it in December 2007. It is still on the market and has been reduced by $600,000. Cynthia Bauer at Sudler Sotheby’s has the listing. 232 E. 14th, Unit #1E: 4 bedrooms, 2 full and 2 half baths, 4400 square feet Sold in […]

Under Contract: 1445 N. Wells in Old Town

We chattered about Unit #2 in 1445 N. Wells in January 2008. Old Town, especially on Wells Street, was “hot” last winter. It has had several price reductions since then. But it’s now under contract. Maybe things have cooled in Old Town? Mary Robbins at Baird & Warner has the listing. The building only has 3 units and […]