Archive for the 'Loop' Category

Short Sales Are Popping up in 200 N. Dearborn in the Loop

200 N. Dearborn, the high rise conversion in the loop, was the last of the American Invsco conversion buildings during the boom. It has not sold out. Current stats (out of 308 units): 33 for sale on the MLS 6 for rent Some units may be both for sale AND for rent. Recently, several short […]

Auction Alert: Loop Penthouses and Parking Spots: 8 W. Monroe

You might have seen the ad in the Tribune the last few weeks for the Rick Levin & Associate auction of 2 penthouse units and 20 parking spots at 8 W. Monroe, The Metropolis, in the Loop. The 2 penthouses have private terraces. The space is unfinished however- without the drywall. So a buyer can fully customize the […]

The Million Dollar Loop Penthouse: 125 S. Jefferson

We’ve been chattering about what you get for a million dollars. This 3-bedroom penthouse unit just came on the market in the Park Alexandria, a 2004-construction high rise in the central loop at 125 S. Jefferson. The listing says it’s highly upgraded with 8 foot mahogany doors and stone bathrooms. It has 2 large terraces. […]

Short Sale Alert: 1 Year Later and Reduced $180K: 182 W. Lake

Century Tower at 182 W. Lake in the loop is an American Invsco conversion circa 2006-2007. The building sold-out quickly in the heyday because of an innovative 1-day auction where they were going to let buyers/investors put bids in via hand-held devices. See the press release for a blast from the past describing how the […]

Live in the Heart of the Loop for Under $200k: 20 N. State in the Loop

20 N. State in the Loop was converted into lofts in 2003.   There are many different layouts in the building but the top floor units have 18-foot concrete ceilings and lovely authentic brick walls. This 1-bedroom makes good use of the high ceilings by duplexing up and creating, essentially, a den or dining room […]

Developer Cutting Prices in The Metropolitan: 310 S. Michigan

The developer of The Metropolitan, at 310 S. Michigan, in the Loop (overlooking Millennium Park) recently sent out a marketing e-mail detailing large price cuts on  1, 2 and 3 bedroom units (some with lakeviews.) Here are some details of the price cuts: Unit #712: 1 bedroom, 1 bath Was priced at $299,900 Now priced at $249,900 Unit […]

200 N. Dearborn Markets the “Perfect 10 Reasons to Buy”

If you get the Wall Street Journal in Chicago, you may have noticed the 2-page spread in the weekend edition marketing American Invsco’s 200 N. Dearborn condominiums in the Loop. It’s called the 200 N. Dearborn Chicago Stimulus Program and is limited to only 50 units for 60 days. Here are the Top Ten Reasons […]

Short Sale Alert: Could an Investor Make Money Here? 8 W. Monroe

8 W. Monroe, the mid-rise conversion building in the Loop, has its share of investor owners. The building is in a convenient Loop location, has in-unit washer/dryers and parking is available. This 2-bedroom unit recently came on the market as a short sale. The listing says that renters are occupying the unit until September and are […]

First Look at The Park Monroe: 65 E. Monroe in the Loop

New high rise buildings continue to close. The Park Monroe, at 65 E. Monroe, in the Loop is the latest building to deliver units. This is the development that is converting the top of an older office building into 156 condos. The east units will have lake and Millennium Park views while the west units will face the Sears […]

Short Sales and Other Stresses Remain: 310 S. Michigan in the Loop

We’ve chattered before about short sales in 310 S. Michigan, the renovated historic building across from Millennium Park, even though the building only started closings about a year ago. See our September 2008 chatter and pictures here. Other owners are still trying to get out of the building. This 1-bedroom unit has been on the market since July […]