Archive for the 'Short Sales' Category

On the Market for Over 3 Years and Now a Short Sale: 3800 N. Lake Shore Drive in Lakeview

This 3-bedroom vintage unit at 3800 N. Lake Shore Drive in Lakeview has been on and off the market since June 2007. It is now a short sale and is listed for $229,000 under the original 2007 listing price. It is also listed for $32,500 under the 2000 purchase price. The building was constructed in […]

Nate Berkus Designed Penthouse Reduced $49K: 632 W. Wrightwood in Lincoln Park

Back in May 2010 we chattered about whether or not it mattered if a property was “Nate Berkus designed” as the listing says it is for this 2-bedroom penthouse at 632 W. Wrightwood in Lincoln Park. See our prior chatter here. Most of you concluded that it didn’t matter so much. 6 months later, the […]

1940s 5-Bedroom Tudor Back to the 1998 Price in Portage Park: 5501 W. Byron

We’ve seen prices roll back to 1999 levels in some neighborhoods but I believe this 5-bedroom tudor home at 5501 W. Byron in Portage Park is the first I’ve seen listed at the 1998 purchase price. It is a short sale. Built in 1940 on a 31×124 lot, the vintage brick tudor also has a 2-car garage. 2 out of the […]

The 1-Bedroom Streeterville Short Sale: 550 N. St. Clair

This 1-bedroom at the newer construction modern highrise at 550 N. St. Clair in Streeterville was recently reduced and is now listed $100k under its July 2010 list price. It is also a short sale. This building was hot in pre-construction in 2005-2006 as it is only a block off the Mag Mile. It also had the “in” contemporary […]

The $100k 1-Bedroom Condo in River North: 645 N. Kingsbury

How low will 1-bedroom condos go in River North? This 25th floor unit in the Admiral’s Pointe high rise at 645 N. Kingsbury is listed for just $100,000. It has already gone under contract. The 730-square foot unit has central air, in-unit washer/dryer and deeded parking included.  These are features not found in other low […]

Get a 2-Bedroom Loft for Under $100,000 in West Town: 2120 W. Grand

This large 2-bedroom loft at 2120 W. Grand in West Town is listed for $99,900. On the market since August 2009, it has recently come back on the market as a short sale. It has now been reduced $245,000 from the original August 2009 listing. They are accepting offers through November 15 with the highest and […]

Have Prices Fallen Off a Cliff In the Last 18 Months in Uptown? 918 W. Winona

Nearly 2 years ago, in January 2009, we chattered about an “affordable” 1-bedroom vintage unit in the midrise at 918 W. Winona in the Margate Park neighborhood of Uptown. Back then, “affordable” was anything listed under $200,000. At the time the unit was listed for $150,000 or you could rent it for $1200 a month. See […]

What Makes a Sale a Comp Killer? 3140 N. Sheffield in Lakeview

This 2-bedroom unit at 3140 N. Sheffield in Lakeview is listed as a short sale. On the market since April 2010, it has recently been reduced and is now listed $120,500 under the 2007 purchase price. It is by far the cheapest 2-bedroom in the building. It has all the features of newer construction including […]

Back to the 1999 Price in the Gold Coast: 1212 N. LaSalle

This 1-bedroom unit in the high rise at 1212 N. LaSalle in the Gold Coast is listed as a short sale. It is currently priced just $3,000 above the 1999 purchase price. Built in 1989, this is one of the larger one bedroom units in the building at 850 square feet. It has carpet and what […]

Attention All Mini-Trumps: 4-Unit Investor Opportunity in East Lakeview: 441 W. Briar

This new construction 4-unit building at 441 W. Briar in East Lakeview recently came on the market as a short sale. Built on a 36×135 lot, the 4 units were designed for luxury as the kitchens have stainless steel appliances and unique granite counter tops. Each unit has 2200 square feet, including 3 bedrooms and 2 baths with 2 […]