Crib Chatter

The north facing 1-bedroom unit we’ve been chattering about, Unit #406, in 340 On the Park, has finally closed. Apparently, there is a big difference in pricing between the north facing one bedrooms and the south (or park) facing one bedrooms. Here’s the history of Unit #406: Unit #406: 1 bedroom, 1.5 baths, 1081 square feet Sold […]

We last chattered about this one bedroom unit at 340 On the Park, at 340 E. Randolph, in Lakeshore East in early June. At that time, it had recently been reduced. It has now been reduced another $49,000. By just square footage- that would make this unit a much better “deal” than in any of […]

There’s been a lot of chatter about three bedroom units in some of the new construction high rises with around 1700 to 1900 square feet. We’ve seen these routinely listed around $800,000 to $1 million. I recently stumbled across these two units selling in The Chandler, at 450 E. Waterside Drive, in Lakeshore East. The building is a new […]

340 On the Park, at 340 E. Randolph, in Lakeshore East, has been one of the more successful new construction high rises for flippers in the last year. Unlike many other highrises, some flippers have actually flipped their units for decent profit in 340 OTP. But not all have successfully sold. Many investors opted to rent out their units and […]

We chattered about this foreclosure, Unit #1208, in The Lancaster,  at 201 N. Westshore in Lakeshore East, in March 2008. Many of you thought it was overpriced then. It is two months later and it is still on the market. With NO price reduction. Maybe its problem is that it isn’t even the cheapest two bedroom in […]

I haven’t chattered about 340 On the Park, at 340 E. Randolph, in Lakeshore East for awhile. Current stats on the building (out of 344 units): 18 for sale 10 for rent Thanks to the tipster who sent me the sales information about this building.  It’s massive and hard to track. Stats on flips and […]

We’ve chattered endlessly about 340 on the Park in Lakeshore East. Another flipped unit has closed. (Thanks to the Tipster who sent me the closing information.) I chattered about this unit in January 2008. Unit #307: 1 bedroom, 1.5 baths, 1186 square feet Sold in July 2007 for $415,000 Originally re-listed for $725,000 in July 2007 […]

We’ve been chattering about renting instead of buying. And why not? There are plenty of lovely rentals in all of the new buildings. 340 On the Park, at 340 E. Randolph, near Millennium Park seems especially popular as the rents are cheaper than what it would cost to buy the same unit. This one bedroom […]

We’ve chattered a lot about 340 on the Park but what is happening in that building is illustrative, I believe, of what is happening all over the Chicago condo market. The building is popular. It is getting a lot of press. It has “location, location, location” with unobstructed views to the south of Millennium Park, the Lake […]

For a flipper, it is sometimes good to be on one of the lower floors of a new building.  Not only are those units cheaper but they also usually close first which means your unit becomes available earlier to prospective buyers.  In some cases, you may be able to list and show your unit months before others in the building. You […]