Crib Chatter

This 1-bedroom at 400 N. LaSalle in River North just came on the market listed about 43% under the 2006 purchase price.

Yes, it is bank owned.

From the pictures, it appears to have the kitchen and bathroom intact.

The kitchen has granite counter tops but white appliances.

The north facing unit has central air, washer/dryer in the unit and parking is available to lease or buy in the building.

If you recall, the building never sold out from the developer. Last June, there were still over 100 units available which were then bought in bulk by a real estate investor (who has subsequently rented them out.)

According to the Tribune, that real estate investor paid, on average, less than $195,000 per unit.

See our prior chatter on the bulk sale here.

The listing states that no offers will be considered in the first 7 days. Investor offers will only be considered after 14 days.

 Additionally, “all offers must be accompanied by pre-approval from Wells Fargo lender.”

Is this 1-bedroom even much of a deal for an investor at $189,000 given what the 103 units sold for in bulk last summer?

[You’ll also notice that it took about 2 years from the filing of the lis pendens foreclosure for the bank to take possession.]

Rhett Schrock at Jameson Sotheby’s has the listing. See the pictures here.

Unit #1701: 1 bedroom, 1 bath, 853 square feet

• Sold in July 2006 for $331,500
• Lis pendens foreclosure filed in January 2009
• Bank owned in December 2010
• Currently listed for $189,000
• Assessments of $470 a month (includes a/c, heat, gas, doorman, pool)
• Taxes of $4196
• Parking is available to rent or buy in the building
• Central Air
• Washer/Dryer in the unit
• Bedroom: 10×14

We last chattered about this 4-bedroom single family home with a coach house at 2245 N. Greenview in Lincoln Park in November 2010.

See our November 2010 chatter here.

Since that time, it has been reduced another $100,000 and is now listed at $1.195 million.

If you recall, the house was built in 1989 on a oversized 25×130.6 lot and has a coach house.

The kitchen has white cabinets, granite counter tops and stainless steel appliances.

Only 2 of the 4 bedrooms are on the second floor, with a third in the basement and a fourth on the main floor (it’s unclear if that means the 4th bedroom is in the coach house).

The house has a sunroom and a brick patio along with a 2-car garage.

The house is now listed $230,000 under the 2007 purchase price.

In November, many of you thought this house would sell around $1 million.

Is that what it will take to sell this house?

Joanne Nemerovski at Prudential Rubloff still has the listing. See more pictures here.

2245 N. Greenview: 4 bedrooms, 4.5 baths, 2 car garage, 3300 square feet

• Sold in March 1990 for $210,000
• Sold in March 1993 for $275,500
• Sold in April 2001 for $610,000
• Sold in May 2007 for $1.425 million
• Originally listed in April 2010 for $1.35 million
• Reduced
• Was listed in November 2010 for $1.295 million
• Reduced
• Currently listed for $1.195 million
• Taxes of $13,035
• Central Air
• Bedroom #1: 18×16 (second floor)
• Bedroom #2: 15×13 (second floor)
• Bedroom #3: 16×14 (basement)
• Bedroom #4: 11×10 (main floor)
• Sunroom: 12×10

We last chattered about this 3-bedroom vintage rowhouse at 417 W. Roslyn in Lincoln Park in September 2010.

See our prior chatter here. 

The rowhouse also had no central air and while it had 1 deeded parking space- it was somewhere up the street.

In September, many of you didn’t think this was a deal at $875,000 given the work that probably needed to be done to the property from looking at the pictures and since it’s last sale was prior to 1991.

Some of you also thought it was too bad it wasn’t in the Lincoln Elementary school district, where it might fetch a higher price.

The rowhouse recently sold for $750,000.

If you were interested in living close to Lincoln Park- it had a prime location just a stones throw away from the park. It was also on a block where many of the homes have the old gas lit lamps out near the street.

Built on a 17×86 lot, the row house had four stories.

It still had its original staircase as well as some stained glass.

The kitchen had white appliances and there was a back deck.

The master bedroom was on the top floor and the other two bedrooms were on the second floor.

Lynne Jackson at Kopley Partners had the listing.

417 W. Roslyn: 3 bedrooms, 3.5 baths, no square footage listed

• Sold sometime before 1991
• Was listed in September 2010 for $875,000
• Sold in June 2011 for $750,000
• Taxes of $4912
• No central air
• Deeded parking nearby
• Bedroom #1: 27×19 (third floor)
• Bedroom #2: 11×14 (second floor)
• Bedroom #3: 18×17 (second floor)

This 3-bedroom in the Mies Van Der Rohe high rise at 860 N. Lake Shore Drive in the Gold Coast has been on the market since March 2011.

(Is this picture of 910 N LSD or 860 N LSD? I can’t tell.)

This building is the co-op building (the other one is the condo building.)

The unit has a southeast corner exposure with lake and treetop views.

The listing says the kitchen is the original St. Charles kitchen and the baths appear to be the original tile work as well.

The unit is carpeted.

There is no central air- only wall units.

There is no in-unit washer/dryer.

In this building you can purchase parking for an additional $60,000 (in the other building I believe it is rental parking.)

The unit has been reduced $20,000 since March.

What is a Mies fan willing to pay for an original condition unit?

Andrea Tucker at Koenig & Strey Real Living has the listing. See the pictures here.

Unit #3M: 3 bedrooms, 2 baths, 1600 square feet

• I couldn’t find a prior purchase price (since it’s a co-op)
• Originally listed in March 2011 for $420,000
• Reduced
• Currently listed for $399,000 (parking is $60,000)
• Assessments of $1768 a month (includes heat, a/c, electric, doorman, cable)
• Taxes of $2879
• No central air- wall units only
• No in-unit washer/dryer
• Bedroom #1: 17×11
• Bedroom #2: 12×9
• Bedroom #3: 14×11

This 3-bedroom single family home at 2331 N. Spaulding in Logan Square recently came on the market.

While the house is only 1000 square feet, it is built on an oversized 25×142 lot and has a 2-car garage.

The house has hardwood floors throughout and the listing says the bathroom has been newly remodeled.

The kitchen has stainless steel appliances, new cabinets and new countertops.

Built in 1898, the house doesn’t have central air and it has an unfinished attic.

The listing says you can walk to the Blue line, shops and restaurants.

Is this a good condo alternative at this price?

Christian Vilches at Coldwell Banker has the listing. See the pictures here.

2331 N. Spaulding: 3 bedrooms, 1 bath, 1000 square feet, 2 car garage

• Sold sometime before 1994
• Currently listed at $319,900
• Taxes of $3389
• No central air
• Bedroom #1: 8×15
• Bedroom #2: 8×11
• Bedroom #3: 8×10
• Living room: 12×16
• Kitchen: 12×15

This 3-bedroom in the highrise at 2626 N. Lakeview on Lincoln Park has been on the market since February 2011.

It is a southeast corner unit so it has both city, Lincoln Park and lake views.

Just a block away they are building the new luxury tower at 2520 Lincoln Park where prices, for a lake view, start in the millions.

2626 N. Lakeview was built in the 1970s and has about 490 units.

It is a full amenity building with a doorman, exercise room and a rooftop outdoor swimming pool.

The unit has a “chef’s kitchen” with granite counter tops and stainless steel appliances.

The third bedroom has french doors and a built-in murphy bed.

It also has wood paneling in the living room.

Even though it’s an older building, the unit has amenities buyers look for today including central air and an in-unit washer/dryer.

Parking is rental in the building.

The unit is listed for $41,000 under the 2008 purchase price.

Is this a deal compared with the new construction going up in the neighborhood? (and will that new building partially block any of these views???)

Lisa Borelli at Prudential Rubloff has the listing. See the pictures here.

Unit #3303: 3 bedrooms, 2.5 baths, no square footage listed

• Sold in May 2001 for $461,000
• Sold in August 2008 for $640,000
• Originally listed in February 2011
• Was listed in March 2011 for $620,000
• Reduced
• Currently listed for $599,000
• Assessments of $972 a month (includes heat, a/c, gas, pool, doorman)
• Taxes of $7323
• Central Air
• Washer/Dryer in the unit
• Parking is rental for $135 a month
• Bedroom #1: 19×14
• Bedroom #2: 13×12
• Bedroom #3: 14×11

We last chattered about this vintage 4-bedroom greystone at 932 W. Wolfram in Lakeview in April 2011.

See our April 2011 chatter here.

At that time, it had been listed on and off for over 2 years and had been reduced $340,000.

It was listed $75,000 under the 2006 purchase price.

The house finally recently sold for $165,000 under the 2006 price at $795,000.

Some of you who had been in the property remarked on the noise from the nearby El (which was just a few houses away from the brown/red/purple line tracks.)

Built in 1888, the greystone had many of its vintage features intact including original Fret woodwork, built-ins and stained glass.

There were 2 woodburning fireplaces.

The kitchen was apparently “new” with stainless steel appliances and silestone counters.

3 out of the 4 bedrooms were on the second level with the fourth in the lower level along with a family room and a second kitchen.

Built on a 25×124 lot, it had central air and a 2-car garage.

Despite the El, did someone get a deal for the square footage?

Joseph Metzger at Prudential Rubloff had the listing.

932 W. Wolfram: 4 bedrooms, 4 baths, 2 car garage, no square footage listed

• Sold in December 1993 for $265,500
• Sold in May 2006 for $960,000
• Originally listed in October 2008 for $1.225 million
• Reduced numerous times
• Was listed in April 2011 for $885,000
• Sold in June 2011 for $795,000
• Taxes of $11,329
• Central Air
• Bedroom #1: 19×12 (second level)
• Bedroom #2: 14×10 (second level)
• Bedroom #3: 10×8 (second level)
• Bedroom #4: 11×8 (lower level)
• Family room: 50×11 (lower level)
• 2nd kitchen: 10×9 (lower level)

This 2-bedroom in a 4-unit vintage greystone at 1348 W. Wellington in Lakeview recently came on the market.

It has some of its vintage features intact including moldings and a floor to ceiling wood mantle surrounding a decorative fireplace.

French doors lead to a full-sized dining room.

The kitchen is “newer” with an island, granite counter tops and stainless steel appliances.

The property has 2 outdoor spaces with both a front and back deck.

It also has a 9×7 laundry room with a side-by-side washer/dryer.

The unit has central air and parking is included.

Bought just 2 years ago, it is listed $73,000 under the 2009 purchase price.

Is this priced to sell?

Anne Connolly Rieff at @Properties has the listing. See the pictures here.

Unit #2: 2 bedrooms, 2 baths, den, no square footage listed

• Sold in February 1999 for $276,000
• Sold in July 2002 for $370,000
• Sold in September 2005 for $432,000
• Sold in May 2009 for $472,000
• Currently listed for $399,000
• Assessments of $127 a month
• Taxes of $5564
• Central Air
• Side-by-side Washer/dryer
• Decorative fireplace
• Bedroom #1: 13×11
• Bedroom #2: 10×8
• Den: 10×9
• Laundry room: 9×7
• Dining room: 15×14
• Living room: 18×14
• Kitchen: 13×13

This 2-bedroom at 2640 N. Seminary in Lincoln Park came on the market in April 2011.

It is listed just $3,000 above the 2001 purchase price.

The 6-flat was constructed in 1997.

It has the amenities that buyers are looking for including central air, washer/dryer in the unit and garage parking.

The kitchen has white cabinets (white are back in again!), granite counter tops and stainless steel appliances.

Is this a deal for this location?

Yehuda Cohen at Dream Town has the listing. See the pictures here.

Unit #2S: 2 bedrooms, 2 baths, no square footage listed

• Sold in January 1997 for $225,500
• Sold in August 2001 for $356,000
• Originally listed in April 2011 for $359,000
• Currently still listed at $359,000 (includes garage parking)
• Assessments of $124 a month
• Taxes of $4598
• Central Air
• Washer/Dryer in the unit
• Bedroom #1: 16×12
• Bedroom #2: 14×10

This 3-bedroom Shepherd’s Cottage at 2233 W. Homer in Bucktown just came on the market.

Built in 1878, the brick single family home is part of a group of Shepherd’s Cottages on this street.

While the house has some of its vintage features it also sports a newer kitchen and baths.

The kitchen has white cabinets, granite counter tops and stainless steel appliances.

All 3 bedrooms are on the second floor.

The master bedroom, which was an addition, has a fireplace and built-in bookcases.

It also has a marble master bathroom with a skylight and a walk-in closet.

There is a first floor den off the kitchen and an unfinished basement.

Built on a 24×100 lot, the house has central air, a 2-car garage and a backyard deck.

It is listed $110,000 under the 2008 purchase price.

Is this a deal for the neighborhood?

Gregory Desmond at Prudential Rubloff has the listing. See more pictures and a virtual tour here.

Or you can see it in person at the Open House this Sunday, June 19, from 1 PM to 3 PM.

2233 W. Homer: 3 bedrooms, 2.5 baths, no square footage listed, 2 car garage

• Sold in June 1994 for $219,500
• Sold in July 2005 for $599,000
• Sold in June 2008 for $785,000
• Currently listed for $675,000
• Taxes of $8098
• Central Air
• Bedroom #1: 20×12 (second floor)
• Bedroom #2: 15×11 (second floor)
• Bedroom #3: 11×7 (second floor)
• Den: 10×8 (main floor)
• Unfinished basement