Crib Chatter

Crain’s reported yesterday on the two South Loop condo auctions over the weekend that we all have been chattering about the past few days. In a nutshell: more than 60 condos sold at the two auctions at prices reduced anywhere from 27% to 45% off the last asking price. “It’s a declaration that the market […]

We last chattered about this 2-bedroom bank owned unit at 1601 S. State in the South Loop in October 2009. See our prior chatter and pictures here. The unit, Unit #3H, recently sold for $54,000 under the original listed price. It also sold for well under the recent sales price of Unit #5H, which had parking included, […]

Anyone go to the auction at 1400 S. Michigan? (You know who you are.) Please let us know what happened (number of units that sold, selling prices etc.) Thanks!

Anyone go to the auction at 2303 S. Michigan, the Motor Row Lofts, today? Please let us know the details (number of units sold, prices etc.) Thanks!

The developer at The Vetro, at 611 S. Wells, in the South Loop has cut prices (again) in a “developer close out” to try and sell 6 of the remaining available units. It appears the cuts are only on the bigger and pricer units. The ad for the price cuts list five 2 bedrooms + den/2.5 bath corner […]

For the second time this year, a South Loop new construction high rise is going to use an auction to sell remaining units. 1400 S. Michigan, or Michigan Avenue Tower II, expects to auction 40 out of the remaining 97 units available in the  257 unit building on November 15. This is a tactic that was used by the […]

We’ve chattered several times about the foreclosures and distressed sellers in 1620 S. Michigan in the South Loop. This 2-bedroom unit has been on the market for 9 months but the listing says you should “hurry” before it’s gone. This unit is also subject to lender’s approval and has been reduced by $70,000. It has […]

This newer 2-bedroom condo at 1601 S. State in the South Loop is bank owned. It has also been reduced by $20,100 from its original list price in July. It has hard wood floors, granite countertops and stainless steel appliances in the kitchen. It also has in-unit laundry and central air. The only thing it is missing […]

This huge 1-bedroom loft at 1020 S. Wabash in the South Loop has been on the market since July. It is being sold “as-is.” It has been reduced several times and is now listed for 69% under the 2007 purchase price.  It is also listed for $131,400 under the 2004 purchase price. While only a 1-bedroom, […]

Many buyers are specificially looking for foreclosed properties, believing they are the better “deal”. This 2-bedroom bank owned unit in the mid-rise at 1250 S. Indiana in the South Loop just came on the market. It is actually priced $6,000 higher than the 2005 purchase price. The kitchen cabinets appear to be intact (from what […]