Archive for the 'Neighborhoods/Suburbs' Category

Flipper Alert: 600 N. Fairbanks

  The highly anticipated glass enclosed Helmut Jahn building at 600 N. Fairbanks is ready to begin closings as soon as the beginning of October. The first flips and rentals are appearing on Craigslist and the MLS. The rental is for a 900 sq. foot one bedroom for $2200 a month.  That does not include […]

Flippers in Pain: 1620 S. Michigan

CMK has two buildings in the south loop nearly next door to each other.  Both are modern with concrete and glass. 1620 S. Michigan was the first of the buildings to close (the other being 1720 S. Michigan.)  Closings began in 1620 last summer. CMK has been building fairly affordable buildings in the last few […]

SoNo’s Tribune Ad: Appealing to the newly single woman

Sono, the new building under construction near the Clybourn corridor (the developer calls it Lincoln Park but no one else does) had a new ad in the Chicago Tribune on Sunday. The ad had a picture of a young, thin, blonde woman and asked: “Are you a Match for Sono?” It was a “play” on the internet […]

Lakeview Vintage Sits on the Market: 560 W. Roscoe #3W

  In this crazy market, there are some properties that seem to sell in only a few weeks (for insane prices) and others that sit on the market for months with numerous price reductions. 560 W. Roscoe #3W is one of those properties that is sitting on the market. It’s a gorgeous unit that feels […]

Still Developer Units Available in the Palmolive

  Think you’re priced out of prestige buildings these days?  Maybe you’re not. After several years of marketing, the Palmolive at 159 E. Walton is still trying to sell some of its remaining developers units.  This is the building, you may recall, where Vince Vaughn purchased the penthouse unit. The developer seems in no hurry […]

154 W Hubbard Loft Conversion 50% Sold

The 18 unit conversion of a brick and timber building at 154 W Hubbard is 50% sold with the more expensive units still remaining.  Part of the problem with this building is the price.  You have 2 bedroom, 2 bath units for $649,000 but the square footage is just average.  You can buy a duplex penthouse […]

Avenue East Buyers Already Trying to Sell

Avenue East, the new condo building going up just east of the Mag Mile at 160 E. Illinois, has not yet begun its closings but already some buyers are trying to sell their new units. The first re-sale that I know of has appeared on Craigslist.  It is a split 2 bedroom, 2 bath of only 1100 […]

Want Unique? 50 W Schiller is for you

  There’s something about the look and feel of the units at 50 W. Schiller.  They cannot be replicated into today’s new construction.  The building was built in 1922. Yes, the building has “issues.”  It is a co-op and has very high assessments.  There is no parking (have to lease next door.)  Some units don’t […]

49% Price Reduction on River City Duplex

River City, the American Invsco conversion at 800 S. Wells, has struggled in the last few years. But this latest foreclosure, listed on Craigslist, is one that’s sure to raise some eyebrows.  It is a 2 bedroom,  2.5 bath 1500 square foot duplex. Original sale price on March 8, 2006 for $543,000 Now listed for $268,800 […]

Flipper Alert at 340 on the Park

  Closings began a few weeks ago on 340 on the Park, one of the world’s tallest residential buildings.  Flips have already begun. Two of note: Unit 307, a 1 bedroom, 1.5 bath approximately 1,100 square feet. Original sale price of $415,000 New list price: $625,000 plus $50,000 for parking I don’t know if the […]