We’ve been chattering about buyers who bought at the peak of the market in 2005 and 2006 who are now trying to sell for a profit. How long do you have to own real estate before it becomes profitable? In the last few years- the answer has been “not very long.” But in a “normal” housing market, the […]
We’ve been chattering about so much doom and gloom lately, how about just seeing some lovely properties? 562 W. Arlington is the quintessential Chicago home in East Lincoln Park. It’s the kind of house you walk by and wonder, “who lives there?” And compared to our competitor cities (NY, DC, SF), it’s downright affordable. Unit #2: […]
Upscale developer and renovator Melrose Partners, which also recently converted 334 W. Menomonee in Old Town, has taken a different direction on its other conversion at 1919 N. Sheffield in Lincoln Park. With the market slowing on pricey luxury condos, Melrose has recently cut the price on some of the units at 1919 N. Sheffield and has also apparently […]
According to Ecker’s comments in this prior post, Mel Gibson’s character in What Women Want didn’t live in the Gold Coast at 1300 N. Astor, but instead lived in Lincoln Park at 2400 N. Lakeview. The buildings were of the same era and architectural style, with 2400 N. Lakeview being a Mies Van Der Rohe […]
I’m a sucker for the old “pre-war” buildings that were built along the lake and parks in the 1920s. They have great construction, views and are usually really large units. No 700 square foot one bedrooms here. They’ll have dining rooms, dens, butler pantries, maids quarters- the works. Some of the buildings have parking, some don’t. […]
You can get a house for under $400,000 in Lincoln Park. Yes, it’s true. 1846 N. Bissell: 2 bedrooms, 1 bath, 950 square feet, no parking There are no pictures of the interior because, well, it’s probably nasty. Originally listed in March 2007 for $525,000 Currently listed for $375,000 Here is the description: BUILT IN […]
It’s not impossible to get a townhouse, with a parking space (or sometimes a garage) for under $400,000 in Lincoln Park. You just have to keep an open mind. Currently, there are three available (though one is under contract.) 917 N. Dickens #917: 2 bedrooms, 1.5 baths, 1 Parking space (under contract) It is currently […]
Are these flippers getting burned or original owners suffering through the pain of the syndrome known as “no appreciation in two years”? Probably a bit of both. 2000 N. Lincoln Park West is a two year old conversion of a 1931 vintage apartment building right on Lincoln Park. The developer offered an upgrade package on […]
The Chicago re-sale market is showing the strains from the housing slowdown. Some owners have been trying to sell for all of the spring/summer selling season. And others have been trying to sell since the summer selling season of last year- 2006! Such is the case with several vintage condominiums in this 1894 graystone building on […]