When the Vetro had its auction in February 2009, we chattered about possible better deals in 1255 S. State, or Vision on State, a new construction building that started closings in 2007. Now we’ve had the auction in 1400 S. Michigan. But the short sales also continue in 1255 S. State. It appears that the […]
This 4-bedroom penthouse unit at 1250 S. Michigan in the South Loop has been on the market a few months. It has been reduced by $140,000 since September 2009. The unit is now listed for $350,100 under the 2006 purchase price. The listing says it has a “spectacular” view from every room. It also has […]
We’ve been chattering quite a bit about the South Loop recently. This 2-bedroom corner unit at 1515 S. Prairie has been on the market since September 2009. It is the lowest priced 2/2 in the building. It has city views, hardwood floors, and stainless steel appliances and granite countertops in the kitchen. The unit has […]
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, […]
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 […]