Crib Chatter

This 3-bedroom duplex down unit at 1849 N. Cleveland in Lincoln Park has been on the market since April 2010.

In that time, it has been reduced $30,000.

The unit has crown molding and 2 fireplaces.

The kitchen is open to the living area and has granite counter tops and stainless steel appliances.

2 bedrooms are on the main level and the third is in the lower level along with the family room and a wine cave.

The unit has a landscaped private patio and an assigned parking space.

Is this an attractive townhouse alternative?

Karen Peterson at Coldwell Banker has the listing. See the pictures here.

Unit #1N: 3 bedrooms, 2.5 baths, no square footage listed

• Sold in July 2002 for $615,000
• Sold in August 2005 for $736,000
• Originally listed in April 2010 for $779,000
• Reduced
• Currently listed for $749,000
• Assessments of $240 a month
• Taxes of $7995
• Central Air
• Washer/Dryer in the unit
• Parking included
• Bedroom #1: 17×12 (main level)
• Bedroom #2: 12×12 (main level)
• Bedroom #3: 11×10 (lower level)
• Family room: 25×18 (lower level)

We’ve chattered about the 2005 high rise conversion at 2625 N. Clark in Lincoln Park several times over the last few years.

I decided to post on it again because some of you were chattering about it in one of the other threads.

Also, this 1-bedroom on the 7th floor was recently reduced another $14,000 and still isn’t selling.

Now priced at $75,900, the 705 square foot 1-bedroom has carpeting and an unrenovated kitchen.

There is central air but no washer/dryer in the unit. And the listing doesn’t say anything about parking.

How low will the units go in this building?

Sheri Kamikow at Coldwell Banker has the listing. See the pictures here.

Unit #705: 1 bedroom, 1 bath, 705 square feet

• Sold in February 2006 for $272,500
• Lis pendens filed in November 2009
• Bank owned in October 2010
• Originally listed in December 2010 for $89,900
• Reduced
• Currently listed for $75,900
• Assessments of $446 a month (includes doorman, cable/tv)
• Taxes of $3757
• Central Air
• No washer/dryer in the unit
• No parking
• Bedroom #1: 21×12
• Living room: 17×17
• Kitchen: 8×8

We have chattered about this penthouse unit at 444 W. Belmont in Lakeview several times since it was first listed in August 2008.

See our November 2010 chatter and pictures here.

Back in 2008, Homedelete predicted it would sell under the 2000 purchase price of $383,000 (even though others vigorously disputed him.)

He was vindicated when it came back on the market last November as a bank owned unit and was listed at $369,000 although at least one of you thought it would actually sell for MORE than what the bank was asking.

The gold star goes to Homedelete, however, as it recently closed for just $311,000.

Built in 1928, the unit had barrel vaulted ceilings and a rooftop terrace measuring 23×29.

Yes, the terrace is private to the unit. Both #7A and #7B share the terrace (you can see the fence splitting the deck into 2 sections in one of the pictures.)

It had central air and an in-unit washer/dryer but no parking.

Was this a deal?

Parker Pearson at Pearson Realty Group had the listing.

Unit #7B: 2 bedrooms, 2 baths, 1800 square feet

• Sold in July 2000 for $383,000
• Was listed in August 2008 for $825,000 (leased parking nearby)
• Reduced several times
• Delisted in April 2009
• Lis pendens foreclosure filed in June 2009
• Was bank owned in November 2010 and listed for $369,000
• Sold in January 2011 for $311,000
• Assessments of $509 a month
• Taxes of $6,378
• Central air
• Washer/Dryer in the unit
• No parking
• Deck: 23×29
• Bedroom #1: 11×19
• Bedroom #2: 16×12

This 1-bedroom vintage unit at 1439 W. Elmdale in Edgewater Glen recently came on the market for the first time in nearly 11 years.

Located on the top floor in a courtyard building with 26 units, it has a full-sized dining room.

The kitchen has been renovated and has white 42 inch cabinets, stainless steel appliances and soap stone counter tops.

There is no central air (only window units) or parking, but there is an in-unit washer/dryer.

Leigh Marcus at @Properties has the listing. See more pictures here.

Unit #3S: 1 bedroom, 1 bath, dining room, no square footage listed

• Sold in August 1993 for $64,000
• Sold in August 1997 for $70,000
• Sold in April 2000 for $129,000
• Currently listed for $175,000
• Assessments of $230 a month (includes heat)
• Taxes of $1354
• No central air- window units only
• No parking
• In-unit washer/dryer
• Bedroom: 13×10
• Living room: 17×13
• Dining room: 13×11
• Kitchen: 10×8

This 3-bedroom bank owned unit at 2115 W. Roscoe, literally in the heart of Roscoe Village, has been on the market since September 2010.

The bank has not been able to sell it.

Originally listed at $439,000 in September, the bank has been dropping the price but got aggressive this week when it dropped the price $40k in one day to $329,900.

It is now listed $210,100 under the 2005 purchase price.

Built in a 2004 building above some shops on Roscoe, it appears, from the pictures, to have the kitchen and baths intact.

It has stainless steel appliances, granite counter tops and brazilian wood floors throughout.

The unit also has an in-unit washer/dryer and garage parking. The listing says no central air- but I think that is just a mistake in the listing given the era of the building.

What does this sale mean for similar 3/2 units nearby on the market in the $500,000s?  (such as 2152 W. Roscoe listed at $519,000– see the pictures here.)

And why isn’t this selling?

Carole O’Neill at Equity Ventures Realty has the listing. See the pictures here.

Unit #2: 3 bedrooms, 2 baths, 2000 square feet

• Sold in November 2004 for $529,000
• Sold in November 2005 for $540,000
• Lis pendens foreclosure filed in July 2009
• Bank owned in July 2010
• Originally listed in September 2010 at $439,000
• Several reductions
• Was listed on January 24, 2011 at $369,900
• Reduced on January 25, 2011 to $329,900
• Currently still listed at $329,900
• No assessments listed
• Taxes of $7696
• Washer/Dryer in the unit
• Central Air (?)
• Garage parking included
• Bedroom #1: 17×14
• Bedroom #2: 14×11
• Bedroom #3: 12×11

We last chattered about this 2-bedroom Victorian house at 1167 W. Eddy in Lakeview in October 2010.

See our prior chatter here.

At that time, no one really had an opinion as to what this might sell for.

Nearly 5 months later, it has been reduced another $50,000.

Built in 1893 on a standard 25×125 lot, the house has central air and a 2-car garage.

The house has retained some of its vintage features including hardwood floors and brass detailed pocket doors.

There are also 8 skylights and an unfinished basement with 8 foot ceilings.

While there are only 2 bedrooms, both of which are on the second floor, there is also a 14×10 office, also on the second floor.

The listing says the house is being sold “as-is”.

The kitchen has all white cabinets, counter tops and appliances.

It looks like the house has now been staged.

What will it take to sell this property?

Jan Sachs at Coldwell Banker has the listing. See the pictures here.

1167 W. Eddy: 2 bedrooms, 2 baths, 2 car garage, no square footage listed

• The previous sale was before 1990
• Originally listed in August 2010 for $674,900
• Reduced
• Was listed in October 2010 for $624,900
• Reduced
• Currently listed for $575,000
• Taxes of $6494
• Central Air
• Bedroom #1: 17×13 (second floor)
• Bedroom #2: 18×16 (second floor)
• Office: 14×10 (second floor)

This vintage building at 839 W. Wellington in Lakeview was converted into condos in 2005 but many of the vintage features were left behind in this 2-bedroom top floor unit.

It has 11 foot coffered ceilings, 6 inch crown moldings throughout and the original limestone and mosaic fireplace.

The kitchen has granite counter tops, white cabinets, a stone backsplash and custom wine shelves.

The unit has outdoor space with a screened in back porch.

It also has air conditioning, washer/dryer in the unit and a deeded parking space.

The unit was recently reduced and is now listed $14,500 under the 2005 purchase price.

Bonnie Tripton at @Properties has the listing. See the pictures here.

Or you can see it in person at the Open House on Sun Jan 30 from 12-2 pm.

Unit #3: 2 bedrooms, 2 baths, no square footage listed

• Sold in August 2005 for $449,500
• Originally listed in August 2010 for $442,000
• Reduced
• Currently listed for $435,000
• Assessments of $252 a month
• Taxes of $6845
• Central Air
• Washer/Dryer in the unit
• Parking included
• Bedroom #1: 13×12
• Bedroom #2: 15×12

This bank owned 3-bedroom vintage frame house at 4919 N. Magnolia in Uptown has been on the market since September 2010.

The bank has reduced the price $55,100 in that time.

It is now listed $205,100 under the 2005 purchase price of $505,000 and is cheaper than some nearby condos.

Built in 1905 on a 30×125 lot, it has a 2 car garage but no central air conditioning.

All 3 bedrooms are on the second floor.

From the interior pictures, it looks like some of the bathrooms and part of the kitchen are intact (but there are no appliances pictured in the kitchen.)

Located west of Broadway, just a few blocks from the Argyle red line stop and not far from Andersonville shops/restaurants, is this house a steal?

Linda O’Donnell at Re/Max Signature has the listing. See the pictures here.

4919 N. Magnolia: 3 bedrooms, 2.5 baths, 1488 square feet, 2 car garage

• Sold in June 1991 for $150,000
• Sold in September 2005 for $505,000
• Lis pendens filed in April 2009
• Bank owned in May 2010
• Listed in September 2010 for $355,000
• Reduced several times
• Currently listed for $299,900
• Taxes of $6295
• No central air
• Bedroom #1: 13×17
• Bedroom #2: 11×13
• Bedroom #3: 10×10

We actually chattered about this newer construction  4-bedroom duplex down short sale at 1928 W. Diversey in West Lakeview back in March 2010.

See our prior chatter here.

Back then, no one had much to say about the actual property. Instead, everyone fought over what neighborhood this would acutally be (North Center? Roscoe Village, West Lakeview? Hamlin Park? South Lakeview? None of the Above?)

Let’s just call it West Lakeview.

Since March of last year, not only has the property been reduced $115,900 but according to the listing “time is of the essence” because…

“MOLD IN LOWER LEVEL DUE TO RECENT WATER DAMAGE FROM SHORTED PUMP. NEW PUMP HAS BEEN INSTALLED. REMIDIATION ESTIMATE AVAILABLE. DAMAGE IS VERY RECENT.”

Two of the bedrooms are on the main floor and two are on the lower level.

There is also a family room on the lower level.

Additionally, the unit has a rare 3 full baths.

We know from the prior listing last year that the floors are cherry and there are granite counter tops in the kitchen, but no appliances. (Although with the water damage now, who knows about the floors.) There are no longer interior pictures with the listing.

Central air, an in-unit washer/dryer and 2 car tandem parking were included in the prior listing.

The unit recently went under contract.

Was the reduced price THAT good?

Patricia Pereyra at Keller Williams Lincoln Square still has the listing. See the exterior picture here.

Unit #1W: 4 bedrooms, 3 baths, duplex down, 2 car tandem parking included

• Sold in September 2006 for $515,000
• Lis pendens foreclosure filed in November 2009
• Originally listed in February 2010 for $474,000
• Reduced several times
• Was listed in March 2010 as a short sale for $439,900
• Reduced
• Currently listed as a short sale at $324,000
• Burst pipe and mold in January 2011- remediation estimate available
• Assessments of $165 a month
• Taxes of $7697
• Central Air
• Washer/Dryer in the unit
• Bedroom #1: 13×12 (main level)
• Bedroom #2: 12×10 (main level)
• Bedroom #3: 13×9 (lower level)
• Bedroom #4: 11×9 (lower level)

This 2-bedroom loft in One River Place, at 758 N. Larrabee, in River North has been on the market since October 2010.

In that time period, it has been reduced $80,100.

Now a short sale, and listed $77,600 under the 2006 purchase price, the listing says “this won’t last long!”

It is a concrete loft with tall ceilings.

There are hardwood floors throughout the main living space.

The kitchen has granite counter tops and black appliances.

Is this a deal?

Allison Kellaher at Luxe Marketing & Sales has the listing. See the pictures here.

Unit #414: 2 bedrooms, 2 baths, 1350 square feet

• Sold in June 2002 for $289,000 (included the parking)
• Sold in January 2006 for $367,500 (included the parking)
• Lis pendens foreclosure filed in July 2009
• Originally listed in October 2010 for $345,000
• Reduced twice
• Currently listed as a short sale for $264,900 (parking $25,000 extra)
• Assessments of $377 a month (includes cable, doorman)
• Taxes of $3278
• Central Air
• Washer/Dryer in the unit
• Bedroom #1: 14×11
• Bedroom #2: 10×11