What’s selling? Units under $400,000. What’s not? Units over $400,000. Therefore, to sell, price under $400,000. That’s what a bunch of owners are doing at 1305 S. Michigan, the Museum Park Lofts, in the South Loop. The building was built in 2006 but because of all the construction surrounding it, it doesn’t seem to have […]
Two weeks ago I chattered about Charlie Chaplin’s penthouse unit at the historic Brewster, at 2800 N. Pine Grove in Lakeview and its fantastic outdoor terrace. This week, there is an ad on Craiglist touting a price reduction: Unit #PHA: 3 bedrooms, 2 baths, 2200 square feet Was listed for $597,000 Now listed for $585,000 […]
It seems that some sellers are starting to get a bit more aggressive with their listing price now that February has arrived. February traditionally kicks off the Chicago selling season. In December 2007, I chattered about a vintage duplex at 3619 W. Wilton in Lakeview that had been on the market for awhile and had several price reductions. […]
When you think of The Palmolive at 159 E. Walton in the Gold Coast, you think of exclusivity. There is something neat about that building. It is not flashy or “new” but has an understated elegance. The building sold pretty quickly in original sales but since then it has actually struggled- at least in some […]
Developers of Chicago McMansion homes continue to feel the squeeze from high McMansion inventory and slowing sales. I stumbled upon these two interesting Craigslist ads for a new construction McMansion in Lakeview. It is the same McMansion only with different pictures and different prices. The McMansion is at 1445 W. Wolfram in Lakeview. It’s a 5 bedroom, 4.5 bath […]
6 E Monroe, the Mentor Building, in the Loop was an office to residential conversion that sold in 2002. There are only 36 units in the building. Many of the units are smaller one bedroom units that originally sold for around $130,000 to $150,000. There are washer/dryers in the units but no parking. The South facing […]
Built in 1925, the 47 unit Benjamin Marshall building at 1200 N. Lake Shore Drive in the Gold Coast exudes old money. It is actually a condominium building, not a co-op, which is unusual for a building of that period. It went condo in 1972. A two bedroom, three bath unit on the 4th floor recently […]
It’s the second most expensive single family home on the market in Chicago and it just had a price reduction. Located in the Gold Coast on small, quiet Banks Street, the mansion was built in 1870. From the listing: The Most Architecturally Significant & Beautiful Home In Chicago! A 15,000 Sq Ft Masterpiece In The Heart Of […]