Archive for the 'Short Sales' Category

Semi-Completed Bucktown Home: 1631 N. Bell

I’m beginning to see more of this- where a developer or rehabber simply runs out of money so the house isn’t completed or the condo is missing a kitchen. How handy are you? This 4,000 square foot new construction home at 1631 N. Bell in Bucktown is one of the semi-completed type homes. The bank […]

3-Bedroom Short Sale in The Heritage: 130 N. Garland

We’ve chattered about some foreclosures in The Heritage, at 130 N. Garland, in the Loop before. But this 3-bedroom unit, Unit #2603, is the first short sale property I’ve seen of one of the larger east facing units. Here’s the view: It’s been on the market for a year and is now listed 15% under its […]

Are Short Sales Bringing Down Prices in Schorsch Village?

What should that bungalow cost on the far west side? Schorsch Village is a section of the Dunning neighborhood on the far west side which has bungalows and tudors from the 1940s. As some of you chattered about recently, some of these homes are being sold at a massive discount to previous sale prices. What […]

Update on “Deal of a Lifetime”: 1101 S. State

  We just chattered about this “deal of a lifetime” on a two bedroom at 1101 S. State in the South Loop. Remember the stats? Unit #1302: 2 bedrooms, 2 baths, 1100 square feet Sold  in July 2007 for $415,000 Currently listed as a short sale for $249,900 (includes the parking) Assessments of $550 a month […]

“Time is of the Essence” in Short Sale at 545 W. Brompton

This short sale of a 2 bedroom, 1 bath top floor unit at 545 W. Brompton in Lakeview has been on the market since March 2008. It’s been reduced by $37,000. It doesn’t have parking, but it does have skylights. Here’s the listing: SHORT SALE (SEE NOTES) EXTRA LARGE 2 BEDROOM. GREAT VINTAGE DETAILS, IN […]

Short Sale Deal in the South Loop: 1101 S. State

Apparently, this two bedroom unit at 1101 S. State in the South Loop is another one of those where the price has evoked a feeding frenzy. Thanks to the tipster who sent me info on this unit (and told me that a bunch of buyers flocked to see it last weekend.) 1101 S. State was built in 2005 […]

Short Sale Puts on the Squeeze in The Metro: 1200 W. Monroe

The Metro, the nine story building at 1200 W. Monroe in the West Loop, was built in 2003 and is one of the more popular buildings in the area. Four units have already sold in 2008 with prices ranging from $265,000 to $420,000. There are currently eleven units on the market. One two bedroom unit is […]

Short Sales and Foreclosures Everywhere: 10 E. Ontario in River North

If anyone else can figure out 10 E. Ontario in River North, please let me know. I last chattered about it in March. The short sales have gotten more aggressive and the foreclosures are picking up. Current stats on the building (out of 467 units): 62 for sale 7 for rent The most expensive one […]

Short Sale Fails to Find Buyer: One Bedroom in 212 E. Cullerton

  This seller of a one bedroom at 212 E. Cullerton in the South Loop, knew time was of the essence: SERIOUS BUYERS ONLY! SHORT SALE AND PKG INCLUDED. HURRY THOUGH THIS GOES TO SALE SOON SO WE NEED OFFERS!!! UPGRADED 1 BR WITH GRANITE TOPS, ITALIAN CABS, SS APPLS, LARGE TERRACE, GRANITE TILED BTH, HRWD […]

Short Sale at Riverbend Lofts: 2620 N. Clybourn Ave.

Two lofts are currently for sale in the Riverbend Lofts at 2620 N. Clybourn Avenue.  I’m not sure exactly what neighborhood this is in- far west Lincoln Park?  The “Clybourn Corridor”? One is in short sale. One is not. The building is an older “original” loft conversion from the mid-1990s. Unit #205 is NOT a short […]