Archive for the 'Short Sales' Category

Foreclosures and Short Sales Pepper 440 N. Wabash in River North

By popular demand: Plaza 440, at 440 N. Wabash in River North.  Built in 1992 as apartments, it was converted into condominiums in 2005 by American Invsco. The building has 497 units. Sellers in this building like to describe it as “Next door to Trump at a fraction of the price.” There IS parking available, but no […]

What’s That House REALLY Worth Anyway? 3931 N. Hermitage

What would you pay to live in a single family home in North Center? Now that the housing market has stalled, that question is getting asked by more and more homebuyers. Take this home at  3931 N. Hermitage that is under a short sale. The price has been cut by $90,000 and still there are no takers. […]

Short Sale: 30% Off a Million Dollar Unit at Millenium Centre

Want a 2700 square foot unit in River North at 30% off 2005 prices? Check out Millenium Centre, at 33 W. Ontario. Short sales and reductions have hit hard there over the last few months. Unit #55E is just one of many examples. The listing states: CONTRACT CONTINGENT ON LENDER ACCEPT OF SHORT SALE. MUST LIQUIDATE ESTATE. BRING ANY/ALL REASONABLE […]

Short Sales in the Mural Building: 1211 N. LaSalle

1211 N. LaSalle, or famously known as “The Mural Building”, in the Gold Coast was converted from apartments to condominiums in 2006. The building was built in 1924 and has four units per floor. There is parking available to purchase but there are no washer/dryers in the units. These two units are in short sale: Unit […]

Short Sales and “Motivated” Sellers at 10 E. Ontario in River North

Ontario Place Private Residences, at 10 E. Ontario, is a massive River North high rise with 467 units. The building was a rental building until a few years ago when it was converted by American Invsco into condominiums. The building was built in 1982 and has a rooftop pool. American Invsco is still trying to sell units in the […]

Short Sales Brewing at 2625 N. Clark In Lincoln Park

If you’ve walked up North Clark in Lincoln Park, you can’t help but notice 2625 N. Clark because it’s one of the few highrises on the street. Built in 1983, the building is 20 stories with 133 units. It does have an attached garage. It was an apartment building until it was converted into condos […]

Short Sales Springing Up in The 15th Street Lofts: 1503 S. State

The building at 1503 S. State, the former warehouse for State Street’s Boston Store in 1890, was rechristened The 15th Street Lofts in 2006 when the building was converted into 78 condo units. Two-thirds of the South Loop building is timber, and a third is concrete pier units with 11 to 12 foot ceilings. The building originally […]

Seller in Distress: 630 N. Franklin in River North

In November 2007, I chattered about desperate sellers at 630 N. Franklin in River North. Four months later, some are still in “distress.” 630 N. Franklin is a CMK developed 165 unit mid-rise in River North.  It closed in 2005. Unit #810 was in the short-sale process when I last chattered about the building. This time, it’s Unit #1105. […]

Something Strange is Going on in 30 E. Huron

Sometimes there are listings that just seem strange. There were recently two listings for 1 bedroom units at 30 E. Huron, the 1980 apartment to condo conversion high rise in River North.  They started converting these units in 2004.  The developer website says the building is now “sold out.” These two listings said they were […]