Archive for the 'Short Sales' Category

Historic Walter Burley Griffin House in Beverly Now a Short Sale: 1712 W. 104th Place

We last chattered about this Walter Burley Griffin-designed Prairie style house at 1712 W. 104th Place in Beverly in June of 2008. See our prior chatter and pictures here. It is 1 of only 64 Walter Burley Griffin-designed homes in the country. Walter Burley Griffin was Frank Lloyd Wright’s former office manager. It went into […]

Short Sale Brownstone in Southport Reduced: 1300 W. Roscoe

This 4-bedroom single family home at 1300 W. Roscoe in Southport recently came on the market as a short sale. Two weeks later it was reduced $51,000 and is still available. The house has mahogany hardwood floors, a renovated kitchen with cherry cabinets, granite counter tops and stainless steel appliances. The listing says the master bedroom […]

60% Off in 2625 N. Clark in Lincoln Park as Prices Continue to Fall

We’ve chattered about 2625 N. Clark in Lincoln Park twice before. The first time was in March 2008 when short sales were beginning to pop up in the highrise conversion. The one bedrooms in short sale were listed in the mid to low-$200,000s back then. See the March 2008 chatter and pictures of the units […]

Foreclosures and Short Sales at 60% Off: 6030 N. Sheridan in Edgewater

6030 N. Sheridan is a highrise with 262 units in the Edgewater neighborhood along the lakefront. At the height of the market, 1-bedrooms in the building were selling for up to $180,000. Now, with numerous of the units either in short sale and foreclosure, you can get one for 60% off that price.  Current building stats […]

Short Sale Under Contract Within 3 Weeks in The Palmolive: 159 E. Walton

We’ve chattered about The Palmolive, at 159 E. Walton, several times in the past two years. It is the ultra-luxury Gold Coast building where actor Vince Vaughn allegedly purchased a penthouse several years ago. A 2-bedroom short sale came on the market three weeks ago and has already gone under contract. According to the listing, […]

Short Sale Alert: New Construction Modern Mansion in Wicker Park: 1549 N. Honore

This 4-bedroom new construction modern single family home at 1549 N. Honore in Wicker Park has been on the market since May. It is now in short sale and has been reduced by $699,000. According to the pictures and the listing, the home is not completed. The listing says three appraisals have said it would […]

Short Sales Are Popping up in 200 N. Dearborn in the Loop

200 N. Dearborn, the high rise conversion in the loop, was the last of the American Invsco conversion buildings during the boom. It has not sold out. Current stats (out of 308 units): 33 for sale on the MLS 6 for rent Some units may be both for sale AND for rent. Recently, several short […]

The Edgewater 1-Bedroom for $75K: 1062 W. Granville

This 1-bedroom unit in a vintage courtyard building at 1062 W. Granville in Edgewater just came on the market as a short sale. It is currently listed for $125,000 under the 2005 sales price. The unit has no central air, no in-unit washer/dryer and no parking.  But it has hardwood floors throughout and an updated […]

Short Sale Alert: Views, Views and More Views at 512 N. McClurg in Streeterville

A lot of buyers love Streeterville for the views. Some buildings in the neighborhood have lake, river and city views, all from  the same unit. This 2-bedroom just came on the market at the River East Center, 512 N. McClurg, in the heart of the Streeterville action. The listing in the Chicago Tribune says it’s a […]

Foreclosures and Short Sales (Again) in the Paramount Lofts: 1645 W. Ogden

It’s time to re-visit the Paramount Lofts at 1645 W. Ogden, a 2006 conversion in the West Loop. We last chattered about the building in April 2008 when foreclosures and short sales were happening in the building. See our prior chatter and pictures here. 14 months later and there are still foreclosures and short sales. […]