The 6-bedroom house at 1510 W. Byron in the Southport neighborhood of Lakeview was new construction in 2007. It sold in 2007 for over $2 million but has come back on the market in 2009 as a short sale. The home has all the new construction bells and whistles including heated stairs and walk (so you […]
This 1 bedroom timber loft at 3201 N. Seminary in Lakeview just came on the market as a short sale. It is listed at 33% off, or $100,000 below, its 2005 purchase price. It has 800 square feet, 13 foot ceilings, central air, washer/dryer in the unit and an outdoor assigned parking space. The unit is also […]
We chattered about the investment potential of this 585-square foot studio at 330 W. Grand in River North in early April 2009. See our prior chatter and pictures here. It went under contract about 2 weeks after our chatter and closed in June for $2,000 over the list price. Unit #1605 with the same square […]
Century Tower at 182 W. Lake in the loop is an American Invsco conversion circa 2006-2007. The building sold-out quickly in the heyday because of an innovative 1-day auction where they were going to let buyers/investors put bids in via hand-held devices. See the press release for a blast from the past describing how the […]
The Park Millennium at 222 N. Columbus in the East Loop (or the “New East Side” as some call it) was converted from apartments into condominiums near the height of the housing boom in the fall of 2005. The high rise has 480 units. Current stats in the building: 30 for sale 23 for rent Some units […]
Many people still consider Lincoln Park to be their “dream” neighborhood but how do you get into it if you’re a first-time homebuyer? This 2-bedroom short sale at 2131 N. Larrabee in the Oz Park Gardens complex may just be your ticket. It has central air, an in-unit washer/dryer, a parking space and the kitchens and baths […]
We’ve been chattering about cash flow for multi-unit buildings like this brick 2-flat at 2516 N. Lotus in the Belmont Cragin neighborhood (near the Brickyard Mall) on the city’s Northwest Side. The listing says it’s a “short sale”. It’s listed $205,100 under its 2007 purchase price. Will this property ultimately sell for less than its 1999 purchase […]
Foreclosures and short sales continue at some downtown high rises. We’ve chattered about 440 N. Wabash in River North (next door to Trump Tower) before but the number of owners under stress in the building appears to be growing. The current stats on the building (out of 457 units): 54 for sale (about 12% of the building) […]