Archive for the 'Neighborhoods/Suburbs' Category

Buy a Townhouse on Lake Shore Drive: 3700 N. Lake Shore Drive in Lakeview

This 2-bedroom duplex townhouse at 3700 N. Lake Shore Drive in Lakeview came on the market in September 2010. We’ve chattered about this complex before. This is a southeast end unit which is on the top two floors. The listing says the balcony has tree top views. Both bedrooms are on the top floor. It has […]

Something to Watch in 2011: Developers Versus the Owners at 1211 S. Prairie in the South Loop

Crain’s is reporting on a lawsuit filed in mid-December by Ronald Shipka Sr. and Gerald Fogelson, developers of One Museum Park at 1211 S. Prairie, against the building’s condo board. Says Crain’s: Their venture, which also includes Cleveland-based Forest City Enterprises Inc., still owns 41 units in the 298-unit tower at 1211 S. Prairie Ave., […]

Buying the Greystone Lakeview 2-Flat: 2910 N. Sheffield

This greystone 2-flat at 2910 N. Sheffield in Lakeview came on the market in October 2010. Close to bars, restaurants and several El line stops, it would seem an ideal location for those who want to become a landlord. The listing says the building has newer windows and a newer roof. Both units are rented for […]

Attempting to Short Sale a 2-Bedroom Loop Loft: 130 S. Canal

This 2-bedroom loft at Metropolitan Place, at 130 S. Canal, in the Loop has been on and off the market since March 2010. We originally chattered about it in April, when it was a short sale and listed below the 1999 purchase price. See our April 2010 chatter here. It quickly went under contract (so […]

Now Trying to Sell 4 Years Later in East Lakeview: 3145 N. Cambridge

In July 2010 we chattered about this 2-bedroom top floor unit in The Cambridge, at 3145 N. Cambridge in East Lakeview. See our July 2010 chatter here. It has been on and off the market since April 2009. Since our last chatter, it has been reduced another $20,000 and is now listed for $41,000 under […]

When Will the Mansions Sell? 3251 N. Lakewood in Lakeview

This 5-bedroom home at 3251 N. Lakewood in the Southport neighborhood of Lakeview has been on the market since April 2009. It was newly built in 2009 and has still not sold from the developer. The house has been reduced $255,000 in that time. The brick and limestone house was built on a standard 25×125 […]

2nd Biggest Story of 2011: Short Sales Will Be Everywhere…Even in Lincoln Park

In 2010, foreclosures were expected to be one of the biggest stories of the housing market. Instead, in many neighborhoods, it was short sales which really dominated the Chicago housing market landscape. For example, this 1-bedroom unit at 2700 N. Halsted in Lincoln Park has been on the market 16 months and is now a short sale. Built […]

Bank Owned 3-Bedroom Duplex Down in the Heart of Old Town: 1742 N. North Park

This 3-bedroom unit at 1742 N. North Park in Old Town just came on the market. It is bank owned. The 8-unit vintage building was converted into condos in 2007. It looks like this unit never sold from the developer. Two of the three bedrooms are on the main level with the third on the […]

41% Off the 2007 Price in Avenue East: 160 E. Illinois in Streeterville

This 1-bedroom at 160 E. Illinois, or Avenue East, in Streeterville recently came on the market. It is bank owned and is listed for $200,600, or about 41%, under the 2007 purchase price. From the pictures, it appears that the kitchen is intact but it has white appliances alongside granite counter tops. The listing says there […]

Uptown Vintage Rowhouse Sold in October 2010: 822 W. Windsor

I missed the sale on this 3-bedroom vintage rowhouse at 822 W. Windsor in Uptown. We chattered about it a couple of times. See our July 2010 chatter here. It had been reduced in July 2010. The rowhouse finally sold in October 2010 for $79,000 under its January 2010 list price. It had many of […]