Archive for the 'Short Sales' Category

Are Distress Sales on the Rise in Lincoln Park? A 2-Bedroom at 2029 N. Racine

This 2-bedroom at 2029 N. Racine in Lincoln Park has been on the market over two and a half years. It is now a short sale and is listed $25,500 under the 2000 purchase price. At 1600 square feet, it has a separate dining room with pocket doors. It also has 11 foot ceilings and […]

Get a Turret and 4-Bedrooms in Oak Park For Under $525K: 1217 N. Columbian

We recently chattered about a 3-bedroom 1930s tudor at 1717 N. Normandy in Galewood that was just a block north of North Avenue and the Oak Park border that was listed at $390,000. See our prior chatter here. Some of you commented that you might as well live in Oak Park.  But Russ said: “Looks […]

4 Months Later, GreenZone “Deal” Still Available: 2020 N. Lincoln Park West in Lincoln Park

We last chattered about this 2-bedroom short sale in 2020 N. Lincoln Park West in Lincoln Park in early August 2011. See our prior chatter here. Clio had pointed out the unit in a prior chatter as being a “deal” as it was listed $106,000 under the 2007 purchase price. 3 weeks after we chattered about […]

Get Your Lake Views for $100K Off the 2006 Price: 474 N. Lake Shore Drive in Streeterville

This corner 2-bedroom at 474 N. Lake Shore Drive in Streeterville has been on and off the market for over 3 years. It finally came back on the market in November as a short sale and is now listed $101,000 under the 2006 purchase price. The high rise, built in 1991, was a very popular […]

This Lincoln Park 2-Bedroom Penthouse is 38% Off the 2007 Price: 744 W. Fullerton

This 2-bedroom penthouse at 744 W. Fullerton in Lincoln Park has been on and off the market since February 2010. It is a short sale and was actually under contract last June but came back on the market in October. There are only 4 pictures of the unit so it’s hard to get a good […]

Get a 2-Bedroom in The Emerald for $85K Off the 2008 Price: 123 S. Green in the West Loop

We haven’t chattered about The Emerald, the 2-building newer construction mid-rise at 123 and 125 S. Green in the Greektown neighborhood of the West Loop in awhile. This 2-bedroom corner unit recently came back on the market as a short sale. It had previously been listed in 2008 and 2010. It is now listed for […]

Get an Authentic 2-Bedroom Loft for Under $200K: 5235 N. Ravenswood in Andersonville

This 2-bedroom duplex down loft in the Map Factory Lofts at 5235 N. Ravenswood in Andersonville has been on the market since June 2011. It’s a short sale and has been reduced from $229,000 to $199,000. That is $94,000 under the 2008 price. Built in 1887, the loft has all the features loft lovers look for including high timber […]

Get a 2-Bedroom Loft With Parking in North Center for $225,000: 1801 W. Larchmont

This 2-bedroom loft at the Larchmont Lofts at 1801 W. Larchmont in North Center has been on the market since April 2010. It is now a short sale and is listed $104,000 under the 2007 purchase price. The loft has 12 foot concrete ceilings with some exposed brick. It is a south facing unit, so […]

Luxury Lincoln Park 2-Bedroom Reduces Again: 2757 N. Lincoln

We last chattered about this 2-bedroom at 2757 N. Lincoln on the border of Lincoln Park and Lakeview in July 2011. See our prior chatter here. Back then, the unit was a short sale and listed at $429,000. That was 18% below the prior 2007 purchase price. Some of you thought this would sell for around […]

Trying to Sell a 4-Bedroom Single Family Home in North Center for Over 2 Years: 4142 N. Maplewood

This 4-bedroom single family home at 4142 N. Maplewood in North Center has been on the market since March 2009. Last purchased in 1996, the listing says it “requires bank approval.” I couldn’t find an original listing price but at one point it was listed at just $540,000 (per this virtual tour with music.) But in […]