Before you start hyperventilating at the prospect of a $600,000 1-bedroom in Streeterville, please keep in mind that there are actual comps behind the listing of this large 1-bedroom unit in 240 E. Illinois, the Fairbanks at Cityfront Plaza. Unit #2810 is, according to the listing, an east facing unit. It also has “upgraded” kitchen and […]
We chattered about these two units at 530 N. Lake Shore Drive in Streeterville last February. Both sold. Unit #1801, a 3 bedroom, 3 bath unit at 2772 square feet sold for $260,000 under its original asking price. See the pictures here. Here’s the history: Unit #1801: 3 bedroom, 3 baths, 2772 square feet, two terraces […]
We’ve chattered about how Belgravia Group’s twin towers at 600 N. Lake Shore Drive were not inundated with flippers last year apparently because of the 1-year lock-up in the sales contract. Here are the building stats (out of 155 units): 19 for sale 11 for rent Some may be both for sale AND for rent. […]
A lot of buyers just want new- but what if you could get more space for less money in the same neighborhood for buying in a building that has been around awhile? 400 E. Ohio in Streeterville is a 181-unit high rise built in 1982. This 3-bedroom duplex, Unit #4804, is on the market for a much lower […]
Some flippers are still out in force at the Fairbanks at Cityfront Plaza at 240 E. Illinois in Streeterville. The building stats haven’t changed much since we last chattered about it in May 2008. Current building stats (out of 281 units): 20 units for sale 7 units for rent Some units may be both for sale […]
We’ve chattered before about the lofts at 540 N. Lake Shore Drive, one of the few authentic loft buildings in Streeterville and the only loft building right on North Lake Shore Drive. Given the sales prices of 875 square foot 1-bedrooms in some nearby new construction high rises, is this 1470 square foot 1-bedroom a […]
We’ve chattered about these Sunday trolley tours offered by Rebecca Thomson before and some of you have gone on the tours. From the website: “We carefully guide individuals looking to purchase a new home, investors in the selection of appropriate properties, and owners looking to sell an existing condominium residence. Our customers are those […]
I’ve been waiting for developers to finally throw in the towel and just start cutting prices in order to move product. It’s finally happening now at 550 N. St. Clair in Streeterville. A tipster has informed me that the developer, Sutherland Pearsall Development, is holding a “private developer closeout” on the remaining available units. They are […]
Crain’s first reported on Oct 17 that architect Santiago Calatrava filed a lien against Shelbourne Development, the developer of The Spire, on Oct 8 for $11.3 million. The Tribune also reports that architectural design firm Perkins+Will Inc. filed a lien for about $4.85 million. From the Tribune: A spokeswoman for Irish developer Garrett Kelleher said the […]
Flippers continue to close on units thinking they can make a profit flipping them. Some have been lucky- especially in “prestige” buildings such as 340 On the Park. This seller of a 3-bedroom in 600 N. Fairbanks isn’t one of the lucky ones. We’ve seen some 1 and 2-bedroom units flip successfully in the building. […]