Crib Chatter

Another South Loop high rise, 1629 S. Prairie, is beginning to close on units that were sold in 2006. Here are the building stats I could put togther from the MLS (out of 268 units): 138 for sale 7 for rent Some may be both for sale AND for rent. Some buyers are already on Craigslist trying […]

Now that The Vetro auction is over, the question remains: what happens to the other owners in 611 S. Wells? This custom 2079 square foot 1-bedroom unit with an enormous terrace came on the market just before the auction. It clearly is in a different class within the building given its finishes. The listing states […]

We’ve chattered about authentic lofts in Printers Row and Motor Row, but there are a smattering of other authentic loft buildings in the South Loop including the Imperial Lofts at 1528 S. Wabash. This 2-bedroom unit has 11-foot high concrete ceilings, brick and windows in both bedrooms. It has also been reduced by $15,000. Elizabeth Sheeran […]

The auction of 40 units at The Vetro, at 611 S. Wells, in the South Loop in early March is “big” news in the real estate world. The auction is being advertised all over the Chicago Tribune as well as such upscale newspapers like the Wall Street Journal. Even The Vetro itself is getting into the act. […]

We’ve chattered about The Marquee at 1464 S. Michigan in the South Loop several times since it began closing on units in early 2008. See prior chatter and interior pictures of the units here. Current stats on the building (out of 214 units): 17 for sale (on the MLS- developer may have more as the building is not sold […]

We last chattered in November 2008 about the developer slashing prices on 3 remaining townhouses at The Wabash Club at 2301 S. Wabash in the South Loop. At the time, the price cuts were $100,000 to $175,000 and the listing said, “Unbelieveable opportunity* These final units are priced well below prior sales in the complex. […]

We chattered about rental “deals” in One Museum Park, at 1211 S. Prairie, on Grant Park in the South Loop in November 2008. At that time, you could either buy a 1460 square foot 2/2 for $890,000 (including the parking) or you could rent it for a list price of $2700 a month (including the parking.) […]

We’ve often chattered about condo units with private terraces and this 2-bedroom at 1250 S. Indiana in the South Loop has a large one. It’s also a corner unit so both bedrooms have windows. The unit was recently reduced by $14,000 and is listed below its 2005 sales price. Is this a deal? Alan Shultz at […]

Sellers continue to struggle to make any profit in 1720 S. Michigan, the 498-unit building in the South Loop that started closings in the summer of 2007. See pictures of the interior of the units in the building in our old chatter here. Not only do sellers have to contend with other flippers, but the developer has […]

We haven’t yet chattered about 41 E. 8th, a 2002 new construction high rise in the South Loop. The Craigslist ad for this 2-bedroom unit says it’s an “awesome opportunity” and that the seller is “motivated.” It also lists the price as $365,000 plus $35k for parking. In the realtor listing, the price is listed as $380,000 […]