Crib Chatter

We chattered about this 2-bedroom three story Gold Coast townhouse at 820 N. Dearborn in 2009.

See our July 2009 chatter here.

Back in 2009, it was bank owned and sat on the market for 7 months before finally selling in November 2009. Many of you thought it wouldn’t even fetch $400k (and were right).

It ended up selling for $350,000 under the 2007 purchase price for $395,000.

It has now come back on the market as a flip with a “remodeled” kitchen featuring cherry cabinets, granite counter tops and stainless steel appliances.

The two bedrooms are on the second floor.

What was formally the master bedroom when it was bank owned is now a top floor family room with skylights, a wet bar with small fridge and a roof top deck (although the wet bar was there when it was bank owned as well.)

The townhouse has one car garage parking and a second spot on a parking pad.

Many of you thought the kitchen was awful before and that it was dark.

And now?

Todd Mackay at Keller Williams Lincoln Park has the listing. See the pictures here.

Unit #B: 2 bedrooms, 2.5 baths, 1800 square feet, 1 car parking plus second space in parking pad

• Sold in January 1996 for $230,000
• Sold in June 2005 for $477,500
• Sold in May 2007 for $750,000
• Lis pendens in April 2008
• Bank owned as of May 2009
• Originally listed in June 2009 for $589,900
• Reduced
• Was listed in July 2009 for $539,900
• Sold in November 2009 for $395,000
• Currently listed for $550,000
• Central Air
• Skylights
• Bedroom #1: 16×13
• Bedroom #2: 12×11
• Kitchen: 8×9

We first chattered about this 2-bedroom authentic loft at 154 W. Hubbard in River North in November 2008 when it was the “first re-sale” in the mid-rise loft building.

See our November 2008 chatter here.

It was removed from the market in 2009 but has now returned and is priced just $10,000 under the 2008 asking price.

The listing is also still calling it the “first re-sale” in the building (which is technically true as no units have actually re-sold in the last 2 years even though this one was listed before as the “first re-sale”.)

The 18 unit boutique loft building was a Studio Dwell project in 2007. 

The unit has exposed brick, timber ceilings and wide plank hardwood floors.

The kitchen has Italian cabinetry by Copat, Jenn-Aire stainless steel appliances and granite counter tops.

Terri McAuley at Koenig & Strey Real Living now has the listing. See the pictures here.

Unit #404: 2 bedrooms, 2 baths, no square footage listed

• Sold in October 2007 for $577,000
• Was listed in November 2008 for $599,000 (plus $35k for parking)
• Was listed in February 2009 for $599,000 (plus $35k for parking)
• Withdrawn
• Currently listed for $589,000 (parking now $30k extra)
• Assessments of $219 a month
• Taxes are $8006
• Central Air
• Washer/Dryer in the unit
• Bedroom #1: 15×15
• Bedroom #2: 11×10
• Living room: 16×24
• Dining room: 10×9
• Kitchen: 13×9

This 2-bedroom unit at 3304 W. Cullom in Irving Park is larger than most condos you would find closer to the lake at this price point.

With hardwood floors throughout except the kitchen, it has plenty of space including a separate dining room and sunroom.

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

It also has central air and washer/dryer in the unit. But there is no parking.

For those who don’t want the maintenance of a house, is this a good starter home in the Irving Park neighborhood?

Eric Rojas at Prudential Rubloff has the listing. See more pictures and a floor plan here.

Unit #2: 2 bedrooms, 1 bath, no square footage listed

• Sold in February 2001 for $179,500
• Sold in August 2003 for $226,000
• Originally listed in November 2009
• Reduced
• Currently listed for $195,000
• Assessments of $210 a month
• Taxes of $2851
• Central Air
• In-unit washer/dryer [the original post said the unit did NOT have the w/d in the unit, but it apparently does.]
• No parking
• Bedroom #1: 15×10
• Bedroom #2: 14×10
• Living room: 21×12
• Dining room: 17×12
• Kitchen: 13×8
• Sunroom: 11×8

The Mondial at 910 W. Huron in River West was completed in 2009. The developer just cut prices by 10% to 30% on the units.

There are 141 units in the building. It looks like there have not yet been any closings.

Here are the price reductions:

1. Lofts: Were at $249,000 and are now starting at $189,900
2. 1 bedroom/1 bath: Were $329,900 and now starting at $219,900
3. 2 bedrooms/2 baths: Were at $429,000 and now starting at $329,900
4. There are also one bedroom plus den and 3-bedrooms available but no word on prices (and reductions) on those.

Parking is available for $9,000 extra.

There used to be a time when developer price cuts were big news. But there have been so many price reductions on new construction buildings that sometimes the cuts rarely even get noticed.

Is this a sign that the quest for a new construction condo is waning or is it simply that the cuts are no longer large enough to warrant the attention?

(The pictures below are of the model 1-bedroom and 2-bedroom units.)

@Properties is handling the sales.

See Mondial’s web site for more information [The Mondial in River West]

I missed the closing on this 4-bedroom spacious Bucktown townhouse at 1742 N. Winnebago that we chattered about several times in the past 6 months.

See our January 2010 chatter and pictures here.

At nearly 3000 square feet it had more square footage than most single family homes in the price range in the neighborhood.

It also had a rooftop terrace and a two car garage.

The townhouse sold for $115,800 under the 2007 purchase price.

Robert John Anderson at Baird & Warner had the listing.

Unit #B: 4 bedrooms, 2.5 baths, 2 car garage, 2934 square feet

• Sold in November 1996 for $304,500
• Sold in April 2004 for $542,500
• Sold in January 2006 for $611,500
• Sold in April 2007 for $662,000
• Originally listed in August 2009 for $649,000
• Reduced
• Was listed in September 2009 for $635,000
• Reduced
• Was listed in January 2010 at $625,000
• Sold in April 2010 for $546,200
• Assessments of $55 a month
• Taxes of $7,040
• Central Air
• 3 bedrooms are on the upper floor and 1 is on the lower level

We chattered about this renovated 2-bedroom plus sunroom vintage courtyard unit at 2309 N. Commonwealth in Lincoln Park in April 2010.

See our prior chatter and pictures here.

The unit had some of its original vintage features including crown molding.

The kitchen had been updated with cherry cabinets, granite counter tops and stainless steel appliances.

While there was a washer/dryer in the unit, there was no central air and no parking (it was leased in the neighborhood.)

Ed Jelinek at Coldwell Banker had the listing.

Unit #2W: 2 bedrooms, 1 bath, dining room, sunroom

• Sold in July 1989 for $150,000
• Sold in September 1991 for $147,000
• Sold in May 1996 for $167,000
• Sold in September 2000 for $228,000
• Sold in August 2003 for $320,000
• Originally listed in February 2010 for $409,000
• Reduced
• Was listed in April 2010 for $390,000
• Under contract
• Sold in June 2010 for $360,000
• Assessments of $491 a month (includes cable and heat)
• Taxes of $4912
• Bedroom #1: 14×12
• Bedroom #2: 14×11

This 2-bedroom penthouse unit at 2714 N. Lehmann in East Lincoln Park has been on the market since April 2009.

It has been reduced by about $40,000.

It is also now listed for $73,000 under the 2006 purchase price.

The listing says you could “save thousands” on this 2006 construction condo.

On the top floor of an 8 unit building, it has upgraded finishes and appliances (including what looks like a Subzero refrigerator in the kitchen.)

The unit also has a private roof deck and parking included.

At what price will this property finally sell?

David McIntosh at McIntosh Realty has the listing. See more pictures here.

Unit #4N: 2 bedrooms, 2 baths, 1600 square feet

• Sold in December 2006 for $612,000
• Originally listed in April 2009 for $579,900
• Reduced
• Currently listed for $539,000 (parking included)
• Assessments of $214 a month
• Taxes of $8804
• Central Air
• In-unit washer/dryer
• Bedroom #1: 16×14
• Bedroom #2: 12×11

Sorry about there being no posts today. I’m having technical problems (again.) Posts could be spotty the rest of the week but let’s keep our fingers crossed.

I knew all of you would just talk amongst yourselves. Thank you for keeping the discussion respectful until we have some new properties to talk about.

Thanks for your patience!

Sabrina

Some of the smaller homes in Lakeview are, well, fixer uppers. This 2-bedroom vintage home at 3041 N. Honore appears to be move in ready.

It even has a front porch with a swing.

The two bedrooms are upstairs and have skylights.

The kitchen has white cabinets, granite counter tops and a tile black splash. There are also white appliances.

The listing says the first floor powder room has been renovated with an antique wood cabinet and granite counter top.

The backyard is lush and looks to be perfect for a gardener (yes that is the Metra train line at the back of the property.)

The house has central air and an unfinished basement. However, there is no parking (street parking only.)

Is this a good condo alternative?

Kris Mork at Coldwell Banker has the listing. See the pictures here.

3041 N. Honore: 2 bedrooms, 1.5 baths, no square footage listed

• Sold in February 1997 for $102,500
• Sold in June 2003 for $310,000
• Currently listed for $379,900
• Taxes of $4446
• Central Air
• No parking
• Bedroom #1: 11×13
• Bedroom #2: 10×13
• Unfinished basement

We’ve chattered about this 3-bedroom home at 3652 N. Hermitage in Lakeview several times in the past year as it sold in 2009 and then was re-listed not even a year later.

See our April 2010 chatter and pictures here.

It went under contract within days of listing and now has closed for $12,500 over the 2009 purchase price.

The house had an unrenovated kitchen with the original kitchen stove (which some chatterers loved and others hated.)

It also had the bells and whistles buyers look for like central air and a 2-car garage.

Two of the three bedrooms were on the second floor.

Berg Properties had the listing.

3652 N. Hermitage: 3 bedrooms, 2 baths, 2 car garage

• Sold in November 2002 for $386,500
• Originally listed in August 2008 for $599,900
• Withdrawn in November 2008 at $599,900
• Re-listed in April 2009 at $539,900
• Sold in May 2009 for $525,000
• Re-listed in April 2010 for $564,900
• Under contract within days
• Sold in May 2010 for $537,500
• Taxes of $6551
• Central air
• Living room: 13×12
• Dining room: 10×10
• Kitchen: 14×12
• Bedroom #1: 14×12 (second floor)
• Bedroom #2: 18×12 (second floor)
• Bedroom #3: 9×9 (main floor)
• Partially finished basement