Archive for the 'Neighborhoods/Suburbs' Category

McMansion Developers Under Stress: 2322 and 2324 Charleston

Previously, there have been issues with new McMansions in Bucktown going into foreclosure. The seller of these two houses on West Charleston also appear to be in serious distress. 2322 W. Charleston: 4 bedrooms, 3.5 baths, 2 car garage Old house sold in January 2005 for $360,000 Public records show it sold for $1.5 million in January 2007 (not […]

Flipper Alert: The Latest on Flips in 600 N. Fairbanks

Here’s the latest update on 600 N. Fairbanks in Streeterville. New listings come onto the MLS weekly. Here is the current status (out of approximately 227 units): 36 for sale 14 for rent Some units may be both for sale OR rent.  Closings still continue in the building. Prices are all over the place, yet hardly […]

Own the Whole Church: 2242 N. Leavitt in Bucktown

  Finally, I close the tour of church homes with this church in Bucktown at 2242 N. Leavitt which is now an apartment building. The church has three units. 2242 N. Leavitt: 10 bedrooms, 6 baths, 2 car garage Currently listed for $1.2 million The listing states: CORNER LOT BRICK CHURCH CONVERTED TO APARTMENTS IN […]

Flipper Alert: First “Real” Flips Appear in Trump Tower

We’ve already seen some buyers in Trump Tower Chicago at 401 N. Wabash in River North put their units “on the market” when they haven’t yet closed. But now we’re starting to see the first of the CLOSED units come back on the market. This is, of course, in the hotel/condo portion of the building, the […]

Chicago Spire Listings Appear on the MLS: 400 N. Lake Shore Drive

  The Spire, at 400 N. Lake Shore Drive, in Streeterville, is now on the MLS. Apparently The Spire sales team feels it is in their best interest to list some of their units – just in case a possible buyer is looking around and hadn’t heard of the building yet. Right now, I count 12 […]

All Churches Created Equal? 1021 W. Barry

We continue our church-to-home tour with another church conversion- this time in Lakeview. 1021 W. Barry looks to be a smaller church than the one in West Town.  It also seems to be one of those conversions where not as many of the original elements were kept.  Or maybe the pictures just don’t do it justice. […]

Shhh…Mies Preferred Vintage at 200 East Pearson

200 East Pearson in Streeterville/Gold Coast is that rare building that you might walk by a million times before realizing that people actually live there. Just east of Michigan Avenue, across from the Museum of Contemporary Art, 200 East Pearson was built in 1916. It has only 10 units. From Chicago Apartments: A Century of […]

What a terrace is really worth: 200 W. Grand in River North

Perhaps you’ve seen this amusing Craigslist post about a one bedroom unit at 200 W. Grand in River North. The headline reads: $439000 1800sf with 900sf private terrace! Must Sell! Basically, the unit is only 900 square feet but the terrace is also 900 square feet- so that’s how you get 1800 square feet. Brilliant. […]

What’s the market anymore? 333 S. Des Plaines

I feel for sellers and agents as they try and gauge what the market is this spring. It’s hard to price properties right now. All sellers want to make money off their sale.  But what is the “market” price and what is listing too high? 333 S. Des Plaines is a 75 year old brick building in the […]

Chicago Condo Market Conditions: 340 On The Park

We’ve chattered a lot about 340 on the Park but what is happening in that building is illustrative, I believe, of what is happening all over the Chicago condo market. The building is popular. It is getting a lot of press. It has “location, location, location” with unobstructed views to the south of Millennium Park, the Lake […]