Crib Chatter

Sellers are trying new methods every day to move their properties. 1634 N. Bissell, Unit #D, in Lincoln Park is trying to auction off the property at the end of the month. The unit has been on the market, off and on, since September 2007. Will an auction work? Here’s the listing: *AUCTION W/MIN BID 10/28 SEEE […]

How long do you now have to hold onto a property to “make” money in this kind of market? We’ve recently been chattering about quite a few sellers looking to sell after only two years. Take this condo at 1208 W. Webster in Lincoln Park. It seems to have all the requirements (central air, w/d, 2 bathrooms), […]

Thanks to the tipster who sent me this marketing e-mail from Printers Corner, the 88-unit building at 170 W. Polk in the South Loop. I don’t know how much of the building has sold- but there are only 4 listings on the MLS. Does this kind of marketing lure you in? Don’t wait for the […]

The listing for this 3-bedroom unit in Case Study, the 11-unit boutique modern building at 156 W. Superior in River North that was built in 2005, says that it is the first resale in the building. Here’s the listing: First resale of award-winning and architecturally unique full floor 3 bed residence with direct elevator by […]

There are empty new construction single family homes all over the city. Take this 3-bedroom at 3137 S. Throop in Bridgeport. It has been on the market since January 2008. Here’s the listing: DELUXE NEW CUSTOM CONSTRUCTION-LUXURY LIVING- MAPLE HARDWOOD FLOORS MAIN LEVEL-CROWN MOULDING-9′ CEILINGS MAIN LEVEL- VAULTED CEILING MASTER BEDROOM-DESIGNER KITCHEN CABINETS-SS APPLIANCE-ENERGY EFFICIENT […]

Yes, these are the current pictures of this townhouse at 1401 W. Berteau in Lakeview. Unit #B has been on the market since February 2008 with NO price reductions. Here’s the listing: Bright, open and contemporary 3 bd/3 bth TH with 2 car gar. Designed by award winning architect Atila Demeter. Dramatic 2 story living […]

We last chattered about Unit #2301 at 1717 S. Prairie in May. At that time, the unit was listed for sale at about 40% off the 2006 sale price. A lis pendens was recently filed against the property. It continues to be on the market for the same price as in May. Here’s the listing: […]

  I’m sure many of you are familiar with Victorian Lane in Lakeview- the funky gated street. This 3-bedroom duplex down unit at 735 W. California Terrace is listed at $325,000 – with a parking spot included. Is this a deal? Here’s the listing: Huge 3 br 2 bath duplex condo at perfect Lakeview location […]

  The Trump family was in town yesterday to celebrate the topping off of Trump Tower Chicago, at 401 N. Wabash, in River North.  As usual, The Donald was nothing but outspoken about the state of the Chicago housing market. From Crain’s: “From a high-end perspective, Chicago may be one of the worst (condo) markets” in […]

It’s hard to figure out pricing in this market. Price the property too high and it will sit and sit and sit. But comps are unreliable in a declining market and every seller wants to maximize returns. This 3-bedroom duplex down at 2500 N. Orchard in Lincoln Park has been on and off the market […]