We last chattered about 1111 S. Wabash in the South Loop in January 2008. The building started closing on units in 2004. In January, there were 2 three-bedroom units on the market and one was priced under $400k. They aren’t large, only 1200 square feet, but they’re still 3 bedrooms. Here are the room sizes […]
We’ve chattered about the modern new highrise at 1720 S. Michigan in the South Loop before. CMK, the developer, is still trying to sell units in the building, which began closings in the Summer of 2007. This two bedroom unit caught my eye. It’s the cheapest two bedroom that has two full baths. Here’s the listing: 2 bedroom, […]
We last chattered about River City, the American Invsco conversion at 800 S. Wells in the South Loop, in March 2008. At that time, foreclosures were selling at 55% off prior sales prices. Were buyers who bought the 3-bedroom duplexes in the last year a bit too early? What about buying now? Prices have continued to […]
1250 S. Indiana is a 168 unit 2005-constructed building in the South Loop just behind One Museum Park. It has a good location, for those who want to be near Grant Park and Roosevelt Road’s transportation options. The building wasn’t built as a “luxury” building. Many of the two bedroom units are on the smaller side (under […]
We’ve chattered about The Vetro, the 232-unit new construction high rise at 611 S. Wells in the Printer’s Row neighborhood of the South Loop, in prior months. There have been some flippers trying to sell and/or rent in the building. It is only about 50% sold from the developer and closings began several months ago. I was […]
If you’ve driven or walked down South Michigan Avenue along Grant Park you have gone past 1142 S. Michigan and probably didn’t even notice the building. It is a vintage mid-rise condo building with only 8 units- one per floor. The elevator opens directly into each unit. One of the units has just appeared […]
1717 S. Prairie is a 23 story, 171-unit building near the Prairie Historic District in the South Loop. It was built in 2004. Recently, a foreclosure popped up in the building. Unit #2201: (no details but #1801 is a 2/2 with about 1475 square feet) Sold in July 2006 for $667,000 Foreclosure auction price of $565,352 […]
As we talked about earlier this week, it appears that Terrapin is trying to convert Burnham Pointe in Printers Row into a rental tower. At Burnham Pointe, the question is whether a buyer will be willing to pay more than the roughly $98 million, or about $327,000 a unit, that Terrapin borrowed to finance the […]