This 3-bedroom townhouse at 931 N. Howe in River North is listed on the MLS and Craigslist. The seller is “motivated.” The price was just reduced $27,400. The Craigslist ad states “OWNER WILL CONSIDER PARTIAL PROPERTY TRADE IN SURROUNDING AREAS FOR UNDER $300k. ” The Craigslist ad also states that after the tenant moves out, the owner will refinish the […]
We’ve chattered about the stresses in 33 W. Ontario, the Millenium Centre, as foreclosures and short sales have appeared in the River North highrise. 33 W. Ontario was developed and marketed by American Invsco. But this is the most expensive lis pendens to date. Here’s the history: Unit #60SE: Sold in March 2005 for $1.9 million Sold in […]
An interesting phenomena is happening in Trump Tower Chicago, at 401 N. Wabash in River North. And I’m not talking about The Donald’s financing problems. It’s the prices that flippers are asking for rental units on the one bedroom condos in the building. Here’s the stats on the building (out of 758 units): 116 units for […]
Didn’t someone post a few months ago that the worst was over for the foreclosures in The Sterling, at 345 N. LaSalle in River North? But I keep seeing them. The good news is, they keep selling if they’re priced cheap enough. Unit #1501, a 2/2, was just recently listed although the listing has mysteriously vanished. Is […]
Yes, investors are still attempting to flip new construction units in the downtown. The first flips are beginning to appear in 757 N. Orleans in River North- the new construction 198-unit high rise at Orleans and Chicago Avenue (if you ride the brown line, you can’t miss it.) Closings just began in the building. Current […]
Litigation is heating up over the financing at Trump Tower Chicago. Deutsche Bank filed a $40 million lawsuit against Donald Trump on Friday in New York Supreme Court in Manhattan claiming that Mr. Trump personally guaranteed the loan. From the Chicago Tribune: This latest suit, filed by Deutsche in Manhattan, calls for Trump to make […]
Is it possible that even investors have tired of buying up foreclosed and short sale units in The Sterling, at 345 N. LaSalle, in River North? There are two in the building that have been sitting on the market for awhile with no takers but this high-floor 2-bedroom looks particularly intriguing. Here’s the listing: PRE-FORECLOSURE PROPERTY! HIGHLY UPGRADED […]
Donald Trump had a November deadline to pay off a $640 million senior construction loan on Trump Tower Chicago, at 401 N. Wabash in River North, and couldn’t meet the deadline. According to the WSJ and Crain’s, Trump already obtained one six-month extension on the loan and now wanted another. The lending group, led by Deutsche Bank, has […]
We last chattered about this 18-unit new loft building at 154 W. Hubbard in River North in September 2007 when it was 50% sold. It looks like the developer has sold all the remaining units. But one 2-bedroom has now come back on the market as a resale. Will this seller see any appreciation after […]