Archive for the 'Reductions' Category

Still Trying to Sell: 1735 W. Diversey in Lincoln Park

We chattered about a foreclosure in 1735 W. Diversey in Lincoln Park in November 2007. The foreclosure was a two bedroom, two bath penthouse unit. Unit #608: 2 bedrooms, 2 baths Sold in October 2000 for $206,500 Sold in May 2003 for $314,900 Foreclosure auction price of $504,725 in November 2007 Has not yet come back on […]

Update on Some Popular Properties Still On the Market

Here’s an update on a few properties we’ve recently chattered about: 1647 N. Sedgwick in Old Town went under contract within a week of listing in June. But it fell out of contract and is still on the market a month after it was first listed. Unit #3: 2 bedrooms, 1 bath, dining room, private rooftop […]

Why Isn’t This Condo Selling? 1520 S. Wabash in the South Loop

Market times are increasing for many properties. You’ve seen them if you read Craigslist regularly. Month after month after month. The same condo unit. The same listing. Only, with “price reduced” on the Craigslist ad. Take this cute one bedroom unit at 1520 S. Wabash, a 9-unit building in the South Loop. It is one of the […]

Another Reduction on the Townhouse at 2707 N. Lincoln

We first chattered about this townhouse at 2707 N. Lincoln in Lincoln Park in March 2008. It was reduced in April by $10,000. It’s been reduced again by another $10,000. This is the property that has the pulldown ladder that gets you up to this deck on the roof. Otherwise, there is no other outdoor […]

Update: $15K Reduction on One Bedroom at 2545 N. Clark

We chattered about this one bedroom at 2545 N. Clark in Lincoln Park in May 2008. It last sold in December 2006. It has recently been reduced. How long do you have to live in a unit to break even these days? Lots of people are about to find out. I don’t have the square footage […]

Your Rooftop Hot Tub Still Awaits: 2048 N. Sheffield Reduces

Remember this unit at 2048 N. Sheffield in Lincoln Park?   We chattered about it in March 2008. It seems to have it all, including a 1300 square foot private rooftop deck complete with your own hot tub. It’s been reduced $11,000 since we last chattered about it. Unit #3: 2 bedrooms, 2 baths Sold […]

Update on 600 N. Fairbanks: Unit #1301 Under Contract

We’ve chattered a lot about Unit #1301 in 600 N. Fairbanks. It is the lowest level three bedroom, two bath. It has finally gone under contract after six months on the market and numerous price reductions. Here is the history: Unit #1301: 3 bedrooms, 2.5 baths, 1746 square feet Sold in November 2007 for $805,000 […]

Motor Row Loft Reduced $74k: 2000 S. Michigan

In December 2007 we chattered about a duplex loft at 2000 S. Michigan in Motor Row in the South Loop with 15 foot ceilings and a 1300 square foot private terrace. It’s still for sale and has been reduced $74k. The listing says “Motivated Seller.”   Unit #307: 2 bedroom, 3 bath, 2150 square feet, duplex,  […]

Still On the Market Eight Months Later: 2000 N. Lincoln Park West

I last chattered about 2000 N. Lincoln Park West, a 2004-2005 vintage apartment conversion that is right across from Lincoln Park, in October 2007. There are currently 24 units for sale and one for rent. One of the units I chattered about before is still on the market eight months later. The price has been reduced […]

$65k Price Reduction for Printers Row Loft: 531 S. Plymouth

I first chatttered about this brick loft in The Mergenthaler Lofts, at 531 S. Plymouth, in Printers Row in February 2008. It’s a 1300 square foot one bedroom, one bath authentic brick and timber loft with a parking space. I don’t think there’s a washer/dryer in the unit. I chattered about it again in March 2008 after […]