Crib Chatter

The Vetro, at 611 S. Wells, in the South Loop became famous in Chicago real estate lore for being the first of the new construction high rises to 1) sell units at an auction and then 2) to slash prices dramatically to move the rest of the inventory during the height of the financial crisis. […]

This bank owned 3-bedroom at 1720 S. Michigan in the South Loop has been on the market since March 2011. In that time, it has been reduced $129,900 to $305,000. That price includes the parking space. This 3-bedroom unit is the largest floorplan in the building. It has Northeast views from floor to ceiling windows. […]

This 1-bedroom loft in the Filmwork Lofts at 1322 S. Wabash in the South Loop has been on the market since March 2011. In that time, it has been reduced $96,000 to $179,000. The loft has 11-foot high ceilings and exposed brick. It also has south and west exposures and a 12×11 “den”. The kitchen has […]

This 2 bedroom in the One Place Condos at 1 E. 8th in the South Loop has been listed since May 2011. In that time it has been reduced $9,000. This 91-unit building was new construction in 2007/2008. This unit has a balcony that overlooks State Street. While the unit is a 2/2, it is just […]

This 2-bedroom loft at 1601 S. Indiana in the South Loop has been on the market for 13 months. In that time, it has been reduced $39,900. This loft has features loft lovers cheer over including multiple brick walls and timber ceilings. It also has a split floor plan with the second bedroom on the […]

Money Magazine is using the quick sale of a 3-bedroom townhouse at 1712 S. Indiana in July in the Kensington Park II development in the South Loop as an example of a sign of a “turnaround” in the real estate market. It was with some trepidation that Stephanie Kim and her husband, Brendan, 40 and 42, […]

This penthouse floor 2-bedroom at 41 E. 8th in the South Loop just came on the market. It is bank owned and listed at $264,900. That price apparently includes TWO parking spaces. At 1450 square feet, it has had some upgrades including extensive marble in the bathrooms- including marble floors and several walls. It has 2 east facing […]

This 2-bedroom triplex loft in the Prairie District Lofts at 1727 S. Indiana in the South Loop has been on the market since April 2011. In that time, it has been reduced $13,500. It is now listed for just $500 under the 2007 price. This building was converted into condominiums in 2007. Some of the […]

This 2-bedroom townhouse in Harbor Square at 1502 S. Prairie in the South Loop has been on the market for a year. (This is a picture of the complex- and not the actual townhouse on the market- as this townhouse is, I believe, in the interior of this gated community.) In that time, it has been reduced $70,000 […]

I’ve been getting inquiries about the status of 1717 S. Prairie in the South Loop. If you recall, the building was in litigation with the developer over water issues. Here’s a bit about what is going on (taken from a NY Times article in April 2010.) The view from Tom and Jane Justic’s eighth-floor condominium […]