Archive for the 'Neighborhoods/Suburbs' Category

Luxury of the 1980s: 1418 N. Lake Shore Drive

Having just talked about 50 East Chestnut and how that building was reminiscent of the large luxury apartments constructed in the 1920s, there was actually another building that led the way in full-floor condo construction. Built in 1984, 1418 N. Lake Shore Drive was the first condo building to be built since the 1920s with full-floor residences […]

Let’s Talk Luxury: 50 East Chestnut Starts Closings

There are a lot of luxury units on the market and more will be coming onto the market next year.  But quietly, 50 E. Chestnut, the 34 unit boutique luxury building in the Rush Street Corridor at Chestnut and Rush has started closing on units. I’m able to locate only two closings so far, but […]

Market Slowdown Apparent in “Hot” Motor Row Neighborhood

Motor Row, the landmark historic district in the South Loop which runs roughly from 1400 S. Michigan to 2500 S. Michigan (with some blocks of South Wabash and South Indiana also thrown in), has been touted as the next “hot” neighborhood.  The area gets its names from the number of former automobile showrooms that line the […]

All I Want For Christmas Is . . .

A mansion with a private beach on Lake Michigan. There are several to choose from- but I kind of like this Kenilworth mansion on the North Shore because it also has the pool- for those months when, frankly, the lake is inhospitable.  And a game of tennis every once in a while would also be […]

Flipper Alert: Investors in Distress at 550 N. St. Clair

550 N. St. Clair, the new high rise a block east of Michigan Avenue in Streeterville, is set to begin closings in January/February (according to the developer’s ad in the weekend Tribune.) Yet, there are already several flips on the market including one trying to sell a one bedroom for $469,900, which includes the parking, […]

Market Square Lofts Give More Bang for the Buck

There is a lot of new construction in Printers Row right now with The Vetro, Burnham Pointe, Library Towers and Printers Corner all starting occupancy now and in 2008.  There is something to be said for buying “new” with all the bells and whistles. But you can live next door to some of these buildings, say, […]

New Conversion Project at 1340 S. Michigan Begins Marketing

With all of the high rises being built in the South Loop, maybe there is room for a smaller conversion project.  Not everyone wants to live in a huge high rise. Currently, small buildings are being converted further south in Motor Row at 2200 S. Michigan.  This latest project at 1340 S. Michigan is a much […]

Foreclosures and Short Sales Devastate The Sterling

The #1 high rise building for foreclosures in Chicago continues to live up to its name.  Foreclosures and attempted short sales are just crushing condo values in the The Sterling at 345 N. LaSalle. Case in point:  I currently count seven “01” tier 2 bedroom, 2 baths on the market.  These are 1160 square feet and are on […]

30 W. Erie in River North is 60% sold

Something is going on at 30 W. Erie, the new mid-rise building at the corner of Erie and Dearborn in River North. The building only has 20 units (with only two per floor) and has been marketed for several years.  Prices started around $1.2 million for 2200 square feet. The building was completed earlier this […]

Vintage Rental Elegance on Lincoln Park West

I went to the Zoolights last night at the Lincoln Park Zoo (very nice!) and you can’t help but notice all of the vintage condo and apartment buildings that line Lincoln Park West across from the Park. Some of them are simply stunning at night. One woman was walking in front of me and pointed […]