Crib Chatter

There are thousands of new construction condo units coming on the market all over the South Loop. For those who bought a few years ago, it’s a struggle to compete against the new product and the foreclosure prices now popping up. In July 2008 we chattered about a 2-bedroom bank-owned unit at 1305 S. Michigan, Unit […]

We’ve chattered about this million dollar flip in The Columbian, at 1160 S. Michigan in the South Loop, a couple of times. The price simply seems to be following the market lower. It’s now been reduced by $455,000 since December 2007. Here’s the listing again: Spec Pnths at The Columbian. Excptnl flr pln w/ 9’6′ ceiling, […]

There have been several short sales in The Columbian, the 2007-construction South Loop high rise at 1160 S. Michigan. The building continues to struggle. Current stats out of 220 units: 57 for sale 7 for rent Some units can be both for sale AND for rent. We chattered about Unit #2502 back in May 2008 […]

Last June we chattered about “Special Pricing” on floors 7-18 at The Vetro, the new construction high-rise at 611 S. Wells, in the Printers Row area of the South Loop. It appears that those “special prices” that were for a “limited time” are still in effect on Units #1603 and #1607 (the units we chattered about […]

One Museum Park at 1211 S. Prairie was supposed to be the epitome of luxury in the South Loop. It has stellar views of Grant Park and the Lake. Closings started last spring on the 286 units. Flippers have been trying to flip since last April. As sales have dried up, many have been trying to […]

Thanks to the tipster who sent me this marketing e-mail from Printers Corner, the 88-unit building at 170 W. Polk in the South Loop. I don’t know how much of the building has sold- but there are only 4 listings on the MLS. Does this kind of marketing lure you in? Don’t wait for the […]

We last chattered about Unit #2301 at 1717 S. Prairie in May. At that time, the unit was listed for sale at about 40% off the 2006 sale price. A lis pendens was recently filed against the property. It continues to be on the market for the same price as in May. Here’s the listing: […]

I can’t tell if this listing of a 3-bedroom unit at 1111 S. Wabash in the South Loop is a foreclosure or simply a short sale. But either way- this unit is priced at only a third of what it sold for 2.5 years ago. Is this the deal of the month in the South Loop? There is no […]

How much have things changed in the South Loop in just the last decade? The prior sales prices of this single family home at 1247 S. Plymouth tell some of the tale. This house is part of a rare group of single family homes that, when they were built in 1991 as part of a […]

The listing for this 2-bedroom townhouse at 1938 S. Prairie in the South Loop simply lays it out there: “Priced below original purchase price — owner relocating!” But from the sales info, it appears that there hasn’t been much appreciation in the property in a couple of years. South Loop townhouses have been hot the last 5 […]