Crib Chatter

In the last few decades, the South Loop used to be known as the “cheaper” part of downtown.  But not anymore.  One Museum Park, with its million dollar condos with lake and Grant Park views, is only one element that is changing the perception of the area for those looking for “luxury” living. There are expensive townhomes and condos […]

With all of the high rises being built in the South Loop, maybe there is room for a smaller conversion project.  Not everyone wants to live in a huge high rise. Currently, small buildings are being converted further south in Motor Row at 2200 S. Michigan.  This latest project at 1340 S. Michigan is a much […]

I’ve seen this designation several times now in real estate listings. The neighborhood is dubbed “SoLo”.  Do you know where it is?  I had to think about it for a minute. Apparently, that is the new real estate moniker for “south loop.”  Clever, huh?  SoLo…South Loop. This Keller Williams agent is using it for a loft at 1516 […]

One of the most important rules in real estate is to never buy the most expensive home on the block. The second most important rule is to never renovate your home so that it’s the most expensive home on the block. Unfortunately, this owner in the South Loop has violated both of these real estate rules. Built […]

The Vetro, at 611 S. Wells, in the South Loop near Printers Row, has started closings.  The 233 unit building is only 50% sold.  Last week, the developer began advertising “free parking” to new buyers. The free parking is a huge price reduction on the units.  For instance, the developer currently has a $250,000 1 bedroom, 1 […]

The Columbian, at 1160 S. Michigan, which started closings several months ago, has seen dozens of attempted flips.  I’ve talked about a few in prior posts.  “Attempted” is the key word here because from what I can tell, nothing has re-sold in the building. I don’t think they’ve finished closings in the building so more […]

This is a story about how a short sale can destroy the comps in a condo building. Take 2024 S. Wabash, a 42 unit loft building in the up and coming Motor Row area of the South Loop. Two similar units are on the market in the building.  One unit, #406, is still lived in by […]

It used to be that if you were in Printers Row, you didn’t go much south of there into the South Loop.  There was no reason to.  You might have wandered east, towards the Lake and Grant Park.  But you never went south. But just south of the old train station at Dearborn and Polk […]

Thanks to the Tipster who sent in this ad that went out to agents for One Museum Park and 1400 Museum Park.  What it means is that the agent who brings her client to either of these two buildings and who writes a contract, gets paid NOW rather than later, at the close. And for agents that […]

  Sorry to keep talking about the foreclosures, but they’re inescapable right now.  I’m hoping that I’m at least providing information for those people looking to buy in certain buildings (and want to avoid buildings with multiple foreclosures) or to those looking to see where some deals might be. Yes, the “deal of the century” […]