This 8-unit building at 4968 N. Milwaukee in Jefferson Park was constructed (and units sold) in 2007. It sits within steps from the Jefferson Park Metra stop and the Jefferson Park El stop. The building is also near the shops and restaurants of Gale Street. This top-floor 2-bedroom unit is in short sale and is priced $93,100 […]
When the Vetro had its auction in February 2009, we chattered about possible better deals in 1255 S. State, or Vision on State, a new construction building that started closings in 2007. Now we’ve had the auction in 1400 S. Michigan. But the short sales also continue in 1255 S. State. It appears that the […]
Crain’s reported yesterday that two short sales have appeared in Trump Tower at 401 N. Wabash in River North in the hotel/condo section of the building. The investors who bought the two units from the developer last year are trying to sell them at steep discounts through so-called short sales, or for less than the […]
We last chattered about this custom built home at 1833 W. Melrose in Roscoe Village in June 2009. See our prior chatter and pictures here. Since June, the home has been reduced by $550,000 and is now a “short sale.” The 6-bedroom house has extensive detailing including crown molding, wainscotting, double 8′ solid doors and […]
We’ve chattered about Union Street Lofts at 333 W. Hubbard in River North several times in the past. The complex has two buildings, the authentic brick and concrete loft building that overlooks the Merchandise Mart and the newer building with high ceilings and exposed ductwork but no exposed brick or concrete features at the front […]
We’ve chattered many times about the distressed sales in The Sterling, at 345 N. La Salle in River North. Recently, a unique penthouse unit in the building came on the market as a short sale. According to the listing, Unit #4705, a massive 2-bedroom unit, has never been lived in even though the building was […]
This 2-bedroom top floor unit at 3835 N. Greenview in Southport is listed as a short sale. It is apparently under contract (but I’ve been told it’s been under contract several prior times as well.) It is currently on the market for $108,000 under the 2005 purchase price. According to the listing, the unit also suffered […]
This 2-bedroom unit at 323 W. Schiller in Old Town has been on the market since June 2009. It’s a short sale and has now been reduced $60,000. It is listed $83,500 under the 2005 purchase price and also listed under the 2003 purchase price. The unit has hardwood floors throughout, granite counter tops and […]