Archive for the 'Reductions' Category

If at First You Don’t Succeed…1200 N. Lake Shore Drive

We all know the old adage, “if at first you don’t succeed, try, try again.” And so it goes with some sellers who have been trying to sell a property for not just months, but years. Such is the case with Unit #306 at 1200 N. Lake Shore Drive in the Gold Coast. It has been […]

Five Months Later and Still On the Market: 7406 N. Claremont

I chattered about this pretty vintage unit at 7406 N. Claremont in West Ridge in mid-January 2008. It is still on the market and has been reduced- but not by much. 7406 N. Claremont #1S:  3 bedrooms, 3 baths, duplex, 3100 square feet Sold in March 2002 for $302,000  Was listed in January 2008 for $434,900 […]

30 W. Oak in the Gold Coast Sees Price Reductions

I last chattered about 30 W. Oak in the Gold Coast in January 2008. Unit #4C was on the market and it appeared to be a flip. (Check out the pictures on your favorite realtor website- don’t ask why I’m not posting them here.) Unit #4C is still for sale four months later and has been reduced […]

Price Reduction at 708 W. Barry in Lakeview

Remember these units from March? Unit #4F has the rooftop deck. But Unit #1R has two car parking. Unit #4F has now reduced $10,000. Both are still on the market. Unit #4F: 2 bedrooms, 2 baths Sold in September 2005 for $494,000 Was listed in March 2008 at $499,900 (parking included) Currently listed for $489,900 Assessments of $190 […]

Too Good To Be True? 4055 N. Greenview in Lakeview

What do you do when a property has been on the market nearly a year with numerous price reductions? You reduce it again. The first floor unit in this 1895 Greystone at 4055 N. Greenview just north of Irving Park Road near Graceland Cemetary has been on the market for 11 months. Here’s the listing: TOO GOOD […]

Price Reductions in 508 W. Melrose in Lakeview

In January 2008, we chattered about several units at 508 W. Melrose in Lakeview that were struggling to sell for over $500,000. Five months later, they are still for sale and both have had price reductions. Unit #2D: reduced $24,500 Unit #2A: reduced $20,000 Unit #2D: 2 bedrooms, 2 baths,  1688 square feet Sold in […]

More Price Reductions in 600 N. Fairbanks

  Thanks to some of you astute readers who are clearly watching 600 N. Fairbanks in Streeterville very closely. Several of you noticed that our often chattered about three bedroom, Unit #1301, has had another price reduction. Here is the history: Unit #1301: 3 bedrooms, 2.5 baths, 1746 square feet Sold in November 2007 for […]

Japanese Terrace Penthouse is Back – and Reduced: 201 W. Grand

Last September 2007, a penthouse in River North in Contemporaine, a modern boutique building at 201 W. Grand, was on the market. The unit has a famous Japanese garden terrace that isn’t easily missed from afar. It’s the only terrace with large trees on the roof. The unit was withdrawn from the market last fall but has now […]

Selling for a Loss at 600 N. Kingsbury

I last chattered about Park Place at 600 N. Kingsbury in River North in January. At the time, two sellers were aggressively marketing their two bedroom units including one that said “bring all offers.” One sold. The other is still on the market. It has been reduced again. Unit #1410: 2 bedroom,  2 bath, 1200 square […]

Foreclosures, Short Sales and Reductions Increasing in 1645 W. Ogden

I chattered about The Paramount Lofts at 1645 W. Ogden in the West Loop in December 2007.  It was built in 2005/2006. Some sellers were under stress then and several continue to be. Many of the units have seen large price reductions. Here’s one in short-sale: GOT VIEW? AMAZING CHICAGO SKYLINE FROM FLOOR-2-CEILING WINDOWS LOOKING DIRECTLY […]