Archive for the 'Short Sales' Category

“Nice Investment Opportunity”: Short Sale 2-Flat at 3741 N. Janssen in Southport

This vintage 2-flat at 3741 N. Janssen in the Southport neighborhood of Lakeview is listed as a short sale. The listing calls it a “nice investment opportunity”. It has only been on the market for about a week and already it is under contract. The building consists of two units: 2 bedrooms/1 bath, rented for […]

Move-In Ready 6-Bedroom Portage Park Bungalow for Under $300K: 5416 W. Berenice

Portage Park is famous for its “bungalow belt” of historic bungalows built in the 1920s and 1930s such as this 6-bedroom brick bungalow at 5416 W. Berenice. Currently listed as a “short sale” the price was just reduced by $50,000 and it’s now listed just under $300,000. It has all the bells and whistles that home […]

A 3100 Square Foot Private Roof Deck With Lake Views: 6101 N. Sheridan in Edgewater

This 4-bedroom duplex penthouse unit in the Park Edgewater at 6101 N. Sheridan in Edgewater recently came on the market as a short sale. Built in 1930, the unit has 3 of its 4 bedrooms on the second floor, or duplex up. It also has a sunroom. The listing says that the kitchen is “original” but that the […]

Under the 2001 Purchase Price in Union Square Lofts: 333 W. Hubbard in River North

We’ve chattered about the distress sales in 333 W. Hubbard, the Union Square Lofts, in River North before. This 2-bedroom was purchased just 2 1/2 years ago and is now in short sale. It is listed for $150,000 below the 2008 purchase price. The loft has concrete ceilings and hardwood floors but the listing says the […]

Over 2 Years Later and Still a Distressed Property: 1655 W. Ontario in West Town

An alert reader pointed out to me recently that this 3-bedroom townhouse at 1655 W. Ontario in West Town that is currently a “short sale” was in “pre-foreclosure” in April 2008 when I first chattered about it. See the April 2008 chatter and pictures here. It has been reduced another $290,500 since April 2008. The […]

Cheaper Than Renting? A 2/2 Under $300,000 in the South Loop: 1305 S. Michigan

This 2-bedroom unit at 1305 S. Michigan, in the Museum Park Lofts II, in the South Loop, is in short sale. It’s only 1052 square feet, but it is a corner unit with a balcony. With the parking included, it is listed for just under $300,000. It has 10 foot ceilings, a fireplace and hardwood […]

Get a 3-Bedroom Condo for the Price of a 2-Bedroom: 3933 N. Marshfield in North Center

This 3-bedroom duplex down unit at 3933 N. Marshfield in North Center just came on the market as a short sale. It is listed for $185,000 under the 2007 purchase price. There are no interior pictures, unfortunately, but the listing says the kitchen has cherry cabinets and stainless steel appliances. The master bathroom is natural stone. […]

Brick and Concrete South Loop Loft Now a Short Sale: 1528 S. Wabash

We first chattered about this brick and concrete 2-bedroom loft at 1528 S. Wabash in the South Loop in February 2009 and again in May 2009 after it was reduced. See our May 2009 chatter and pictures here. The loft was then withdrawn. It has recently come back on the market and, after several reductions, is now […]

The Barn in North Center is Still Available and Now a Short Sale: 4309 N. Bell

This 3-bedroom property at 4309 N. Bell in North Center (or is this Lincoln Square???) doesn’t just look like a barn from the outside- it truly is one. We last chattered about it in September 2009. It is still available and is now reduced another $40,000 and is now a short sale. See our September […]

2007 2-Bedroom Conversion in Short Sale in Ravenswood: 1625 W. Ainslie

This 2-bedroom converted vintage condo at 1625 W. Ainslie in Ravenswood recently came on the market as a short sale. At 1090 square feet, it has two balconies, including one off the living room and one off the bedroom. It also has all the bells and whistles buyers would be looking for, including central air […]