Crib Chatter

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” […]

The Vetro, the new 31 story high rise in the South Loop at 611 S.  Wells (at Harrison) is about to start closings.  It has 233 units. The building looks good from the street.  It looks a lot like its original renderings, with its glass dominated facade.  It will be a nice addition to the […]

  1720 S. Michigan is the new CMK building in the South Loop.  It looks like most of the other CMK buildings (white, modern, lots of glass.) Units are still available from the developer but closings have begun. That means the flippers are out to play!  Craigslist has several units and several are on the […]

How low will the prices fall in River City at 800 S. Wells in the South Loop? Ever lower- so it seems.  And the foreclosures continue to mount.  This building is in serious trouble. The latest foreclosure: Unit #554: likely a 3 bedroom, 2.5 bath duplex (I don’t have the exact size of the unit […]

A few weeks ago I posted about this River City 1500 square foot duplex that originally sold for $543,000 and was now bank owned and being sold for $268,800.  That’s a 49% reduction. The “once in a lifetime opportunity” is still available.  According to this post on Craigslist, they are holding an open house this weekend. Maybe […]

  The foreclosure brigade continues.   Sometimes they provide deals, sometimes they do not. This week a 2 bedroom, 2 bath unit is going to auction at Tower II at Museum Park in the South Loop at 1335 S. Michigan. Unit #503: 2 bedroom, 2 bath, 1384 square feet, 2 parking spaces (unclear if they are […]

Closings have begun at The Columbian, 1160 s. Michigan, the building that anchors the end of the row of highrises flanking the west side of Grant Park at Michigan and Roosevelt Road. The building had a lower price point than some of the other new construction going up near Grant Park so the flippers are […]