Crib Chatter

This 5-bedroom vintage single family home at 2311 N. Nagle in Belmont Cragin recently came on the market. In April 2011, it sold for just $30,000 but has since been rehabbed. Formerly 4 bedrooms and 2 baths an in need of “extensive work”, the house now has 5 bedrooms and 3 baths in an open […]

According to the Chicago Tribune, the Belmont Cragin neighborhood, and others on the North and Northwest Sides, have been cut off from federal funding to help stop the spread of foreclosures because they were not hit as hard at the beginning of the crisis by subprime defaults, as other city neighborhoods were. The West and South […]

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 […]