Crib Chatter

Can you buy an older property, renovate it and flip it in this housing market? This seller at 1952 N. Seminary in Lincoln Park thinks they can. Location, location, location- right? Here’s the listing: STUNNING REHAB IN THE HEART OF LINCOLN PARK! STEPS FROM GREAT SHOPPING, DINING AND THE EL ON ARMITAGE, THIS ONE-OF-A KIND PENTHOUSE […]

What kind of townhouse can you get in Lincoln Park for under $600,000? These townhouses on North Wayne were built in 1987. While I wouldn’t call that “new”- it certainly isn’t the 1960s (as some others in the neighborhood.) Prices have risen strongly in the last couple of years. Three are currently on the market, two […]

It appears to be difficult to be selling a unit in a recent conversion these days. Take this two bedroom unit in 2522 N. Halsted in Lincoln Park which was converted in 2005. I don’t have the square footage but here are the room sizes: Bedroom #1: 15 x 11 Bedroom #2: 11 x 8 Livingroom: 21 […]

What happens when you have to sell in under a year during a slow market? A seller in 2708 N. Halsted on the Lincoln Park/Lakeview border is about to find out. The eight unit building was completed in 2007. Unit #2S: 3 bedrooms, 2 baths, 1900 square feet Sold in August 2007 for $640,000 Currently listed for […]

If you think it’s tough to sell a condo for $450,000- try the $600,000 to $700,000 price range. This is the range where we’ve seen the most price reductions- even in Lincoln Park. 1013 W. Webster #7 in the DePaul neighborhood of Lincoln Park seems to have it all: location, a low assessment and even […]

Remember this unit at 2048 N. Sheffield in Lincoln Park?   We chattered about it in March 2008. It seems to have it all, including a 1300 square foot private rooftop deck complete with your own hot tub. It’s been reduced $11,000 since we last chattered about it. Unit #3: 2 bedrooms, 2 baths Sold […]

Location, location, location! Have you ever walked on North Pine Grove near Diversey and just smiled? There is something nice about the street. 2724 N. Pine Grove is one of the classic vintage courtyard buildings that dot the area. It was built in 1931. Unit #3 is on the market and has had one price […]

Lincoln Park continues to be pricey for those looking for a first home- i.e. a one bedroom condo. 1104 W. Montana in Lincoln Park appears to fit the bill and is currently listed at 2006 pricing. From the listing: JOB RELOCATION OUT OF STATE – SELLER’S LOSS YOUR GAIN. IN 2007 $10,000 IN UPGRADES. APPRAISED […]

How long do you have to live in a property to cover your costs? Many sellers are finding out it’s more than just a year, or two, or in some cases, even three. 2545 N. Clark is a 2006 and 2007 conversion of a small courtyard building in the heart of Lincoln Park. A one […]

2123 N. Kenmore sits only a few blocks north of the Armitage brown  line stop in the DePaul area. It is a 3 bedroom, 2 bath vintage unit with laundry. BUT: it doesn’t include parking. Does parking really matter in re-sale? Unit #2: 3 bedrooms, 2 baths, wood burning fireplace Sold in June 2006 for […]