Archive for the 'Short Sales' Category

What 2-Bedroom Short Sales Are Selling For in the South Loop: 1305 S. Michigan

We chattered about this 2-bedroom unit at 1305 S. Michigan in the South Loop in June 2010. See our prior chatter and pictures here. It was a short sale and was listed for $77,600 under its 2006 sales price. It sold in August 2010 for $9,000 above the June list price. The unit had 10 […]

Get a Nearly New South Loop 1-Bedroom for Under $200K: 1464 S. Michigan

We’ve chattered about the 2008 constructed South Loop high rise, The Marquee, at 1464 S. Michigan numerous times over the last few years. This 1-bedroom short sale is currently the cheapest unit for sale in the building. The building stats are (out of 214 units): 28 for sale 3 for rent (on the MLS) Units […]

Buying on Historic Prairie Street in the South Loop for Under the 2005 Price: 1843 S. Prairie

This 3-bedroom townhouse at 1843 S. Prairie in the South Loop has been on and off the market for 30 months. Originally listed in April 2008, it is now being marketed as a “short sale”. Part of the “homes of the Commonwealth” built in 2005 to replicate the feel of the old historic Prairie street, […]

The Affordable Budlong Woods Townhouse Reduces $110K: 5252 N. Rockwell

We last chattered about this 3-bedroom townhouse at 5252 N. Rockwell in Budlong Woods in January 2010. See our prior chatter and pictures here. It was withdrawn from the market but has since come back on and it looks as if it is now a short sale. The townhouse has been reduced $110,200. It has a […]

18 Months Later, Penthouse Still On the Market: 40 E. 9th in the South Loop

We last chattered about this 2-bedroom penthouse at 40 E. 9th in the South Loop way back in March 2009. See our prior chatter here. Back in 2009, it was listed for 60% under its 2007 purchase price. Several of you seemed interested in the unit. But lo and behold, it is still on the […]

Get a North Center 2-Flat for Under $280,000: 2014 W. Addison

This vintage 2-flat at 2014 W. Addison in North Center has been on the market since June 2010. It is a short sale and has been reduced $119,001 in that time. The price has also been lowered $10,000 every week for the past several months, with no takers. The units are as follows: Unit #1: […]

3-Bedroom Duplex Up Under the 2001 Price in North Center: 2855 N. Damen

This 3-bedroom duplex up unit at 2855 N. Damen in North Center has been on and off the market since November 2008. It has been reduced about $160,000 during that time and is now listed as a short sale. The unit is also listed for $19,000 under the 2001 purchase price. Two of the 3 […]

Have Prices Fallen 45% in SkyBridge? 737 W. Washington in the West Loop

In this week’s Elite Street column in the Tribune, it discusses the 3-bedroom condo of WMAQ-5 news anchor Marion Brooks in the West Loop. Marion Brooks, WMAQ-Ch. 5 weekday afternoon anchor and 10 p.m. news reporter, lives in the West Loop but would like to reside closer to her NBC Tower office in Streeterville. As […]

“Armchair Opportunity of a Lifetime” Still Available 19 Months Later: 710 W. Melrose in Lakeview

We last chattered about this 2-flat short sale at 710 W. Melrose in Lakeview which the listing calls a “great investment” way back in January 2009. See our January 2009 chatter here. Back then, the listing said the property was the “armchair opportunity of a lifetime.” The listing hasn’t changed. It still calls this property the […]

Ravenswood 2-Bedroom Short Sale Reduced $30K: 1625 W. Ainslie

We last chattered about this 2-bedroom at 1625 W. Ainslie in Ravenswood in May 2010. See our prior chatter and pictures here. This building was converted into condos in 2007 and has all the bells and whistles of new construction including stainless steel appliances and granite counter tops in the kitchen. This unit also has […]