You might have seen the ad in the Tribune the last few weeks for the Rick Levin & Associate auction of 2 penthouse units and 20 parking spots at 8 W. Monroe, The Metropolis, in the Loop.
The 2 penthouses have private terraces. The space is unfinished however- without the drywall. So a buyer can fully customize the space.
The auction brochure says they will sell the two penthouses separately or you can combine them for one gigantic space. See the auction brochure here.
Penthouse A: 3000 square feet
- Was listed as high as $1.2 million
- Minimum bid of $360,000
Penthouse B: 1700 square feet
- Was listed as high as $640,000
- Minimum bid of $180,000
Combined Penthouses: 4700 square feet
- Was listed as high as $1.86 million
- Minimum bid of $540,000
Click here for the listing for the combined units (still on the MLS). There are NO interior pictures.
Unit #2100 (Penthouse): 4066 square feet
- Originally listed in October 2008 for $1,488,800
- Still listed for $1,488,800
- Assessments of $2277 a month
20 parking spaces are also to be auctioned off in the building.
- Were listed at $42,000
- Minimum bid of $19,000
- Indoor valet, deeded
Auction Information:
- Location: Crowne Plaza Hotel- Metro, 733 W. Madison, Chicago, IL
- Date: Sep 15, 2009
- Time: 6:30 PM
- Rick Levin & Associates [website]
August 31st, 2009 | Posted in Auctions, Loop | 28 Comments
We last chattered about this 2 bedroom renovated vintage unit at 55 W. Erie in River North in June.
See our prior chatter and pictures here.
Since then, the unit has been reduced by $25,000.
It also recently came on the market as a rental.
This is no cookie-cutter new construction property. The unit has been extensively renovated and has a massive kitchen with a custom stone island.
It has all the bells and whistles, including central air and an in-unit washer/dryer, but is missing the deeded parking space.
Elizabeth August at @Properties still has the listing. See all of the pictures and a virtual tour here.
Unit #4W: 2 bedrooms, 1.5 baths, 1700 square feet
- Sold in August 2003 for $335,000
- Originally listed in April 2009 for $524,900
- Reduced
- Was listed in June 2009 for $499,900
- Reduced
- Currently listed for $474,900
- OR available to rent for $2600 a month
- Assessments of $414 a month
- Taxes of $3726
- Central Air
- In-unit Washer/Dryer
- No parking
August 31st, 2009 | Posted in River North | 52 Comments
Many buyers are specificially looking for foreclosed properties, believing they are the better “deal”.
This 2-bedroom bank owned unit in the mid-rise at 1250 S. Indiana in the South Loop just came on the market.
It is actually priced $6,000 higher than the 2005 purchase price.
The kitchen cabinets appear to be intact (from what is seen in the pictures), as well as at least 1-bathroom. The kitchen appliances are missing.
The listing says a buyer can “purchase this property for as little as 3% down!”
Is this even much of a deal?
It doesn’t appear that the parking is included in the sale, though it appears to have been included in the 2005 transaction.
Ira Mizell at Goldtree Realty has the listing. See the pictures here.
Unit #606: 2 bedrooms, 2 baths, no square footage listed
- Sold in January 2005 for $304,000 (appeared to have included a parking space)
- Lis pendens in August 2008
- Bank owned in July 2009
- Currently listed for $310,000 (parking appears to be available for extra)
- Assessments of $419 a month
- Taxes of $3928
- Bedroom #1: 14×10
- Bedroom #2: 11×10
- Living room: 18×13
- Dining room: 12×12
- Kitchen: 13×8
- Central Air
- Washer/Dryer in the unit
August 31st, 2009 | Posted in Foreclosures, South Loop | 33 Comments
This 6000 square foot new construction million dollar single family home at 1934 N. Wood in Bucktown has been on the market for nearly 2 years.
One set of pictures shows it with furniture and/or staged. See those here.
The other set does not.
The listing says it has a kitchen that you can put on a “cooking demonstration show” in and the master suite is “resort caliber.” It also says it’s on a larger than normal city lot.
It has an open living concept and what looks to be a two story water feature near the living room.
The home has been reduced by $640,000 since it was first listed in October 2007.
Is this property priced to sell now?
Anthony Zaskowski at Property Consultant Realty has the listing.
1934 N. Wood: 4 bedrooms, 3.5 baths, 6000 square feet, 3+ car garage
- Sold in February 2005 for $850,000 (prior home that was torn down)
- Originally listed in October 2007 for $2.989 million
- Reduced many, many times
- Currently listed for $2.349 million
- Lis pendens foreclosure filed in July 2009
- Taxes are “new”
August 28th, 2009 | Posted in Bucktown | 59 Comments
This 4-bedroom duplex down new construction unit at 3500 W. Irving Park Road in Irving Park recently came on the market.
The listing says it is a “bank approved short sale”- but the unit is new construction so I’m assuming that means the bank has approved the developer price cut.
The unit has 10 foot ceilings, 2 fireplaces, and the usual bells and whistles of granite countertops in the kitchen and baths. However, the kitchen has black appliances- not stainless. Parking is available.
At 2600 square feet, it is bigger than many single family homes at a similar price point.
Matt Garrison at Coldwell Banker has the listing. See more pictures here.
Unit #1N: 4 bedrooms, 3 baths, 2600 square feet
- Currently listed for $349,900 (parking extra)
- Assessments of $225 a month
- Taxes are “new”
- Central Air
- Bedroom #1: (main level): 12×13
- Bedroom #2: (main level): 11×11
- Bedroom #3: (lower level): 13×19
- Bedroom #4: (lower level): 9×11
August 28th, 2009 | Posted in Irving Park | 95 Comments
The Olympia Centre at 161 E. Chicago right in the heart of the Mag Mile, has long been considered a luxury building.
Built in 1985, it has 292 units, many which have stunning city and lake views.
It is a full amenity building with an indoor pool.
This 900-square foot 1-bedroom unit has been on the market since February.
It has a marble foyer and new hardwood floors throughout. The kitchen has been updated with a Sub-Zero refrigerator and Miele dishwasher.
It also has a full-sized washer/dryer, which is rare in a downtown 1-bedroom condo.
Does this unit give some of the newer luxury 1-bedroom units a run for the money?
Anna Pesce at Rubloff has the listing. See the pictures and a virtual tour here.
See the property website here.
Unit #35G: 1 bedroom, 1.5 baths, 900 square feet
- Sold in September 1995 for $100,000
- Originally listed in February 2009 for $445,000
- Reduced in May 2009 to $430,000
- Currently listed at $430,000
- Assessments of $490 a month (includes pool, doorman, cable)
- Taxes of $5150
- Parking is rental for the building- between $320 and $365 a month
- Central air
- Bedroom: 12×16
- Living room: 20×16
- Kitchen: 8×9
August 28th, 2009 | Posted in Streeterville | 60 Comments
We’ve chattered about the market for luxury single family homes in Lincoln Park, but what about the million dollar condominium?
This 4 bedroom unit at 1713 N. Sheffield is as big as many single family homes in the same neighborhood. The building was new construction in 2007 and has only 6 units.
It has a “European style” chef’s kitchen, a rooftop deck with jacuzzi tub, and a home theater with surround sound.
It’s also the most expensive unit in the building, where a 2 bedroom is listed for rent for $2500 a month.
What will it take to sell this property?
Izetta Caroll at Keller Williams Gold Coast has the listing. See the pictures here.
Unit #PH 3S: 4 bedrooms, 4 baths, 3500 square feet, 2 heated parking spaces included
- Sold in August 2007 for $990,000
- Originally listed in June 2009 for $2.25 million
- Currently still listed for $2.25 million
- There’s no information on what the assessment is in the listing
- Taxes are “new”
- Bedroom #1: 19×17
- Bedroom #2: 12×9
- Bedroom #3: 12×9
- Bedroom #4: 17×10
August 27th, 2009 | Posted in Lincoln Park | 78 Comments
This 2-bedroom plus loft duplex penthouse unit at 1302 N. Greenview in West Town has 3 outdoor spaces, including a private rooftop deck.
The deck has built-in seating as well as skyline views.
The living room has vaulted ceilings and the master bathroom has duel shower heads.
Ron Knoll at Saffron Realty Group LLC has the listing. See the pictures here.
Get more information on the listing here.
Unit #3: 2 bedrooms, 2 baths, loft, no square footage listed
- Sold in October 2000 for $285,000
- Sold in February 2002 for $335,000
- Sold in November 2007 for $438,000
- Currently listed for $499,000 (parking included)
- Assessments of $150 a month
- Taxes of $4355
- Bedroom #1: 14×12
- Bedroom #2: 12×10
- Living room: 20×17
- Kitchen: 11×7
- Deck: 32×14
- Lofted office space: 17×12
August 27th, 2009 | Posted in West Town | 106 Comments
This 1-bedroom unit in a vintage courtyard building at 1062 W. Granville in Edgewater just came on the market as a short sale.
It is currently listed for $125,000 under the 2005 sales price.
The unit has no central air, no in-unit washer/dryer and no parking. But it has hardwood floors throughout and an updated eat-in kitchen with granite countertops and maple cabinets.
Jason Finn at Baird & Warner has the listing. See the pictures here.
Unit #18: 1 bedroom, 1 bath, no square footage listed
- Sold in September 2003 for $89,500
- Sold in October 2005 for $120,000
- Sold in November 2005 for $200,000
- Listed as a “short sale”
- Currently listed for $75,000
- Assessments of $265 a month
- Taxes of $1819
- No central air
- No in-unit washer/dryer
- Bedroom: 12×11
- Livingroom: 16×11
- Kitchen: 16×8
August 27th, 2009 | Posted in Edgewater, Short Sales | 39 Comments
We’ve chattered about this vintage condo, Unit #301, in 1120 W. Armitage in Lincoln Park twice now over the past year.
See our April 2009 chatter here.
It has now been reduced by $95,100 and is listed $1,600 under the 2004 purchase price.
The 2-bedroom unit has vintage features, including a gas fireplace with the original mantle.
It also has a separate 11×8 dining room, central air, in-unit washer/dryer and a deeded parking space.
Will this unit finally find a buyer at this new price?
Gerald Murphy now has the listing. See the pictures here.
Unit #301: 2 bedrooms, 1 bath, 1150 square feet
- Sold in March 1992 for $162,500
- Sold in January 1997 for $179,000
- Sold in April 2004 for $321,500
- Originally listed in May 2008 for $415,000
- Cancelled
- Re-listed in July 2008 for $399,000
- Cancelled
- Re-listed in October 2008 for $384,800 (parking included)
- Reduced
- Was listed in December 2008 for $374,900 (parking included)
- Reduced and re-listed
- Was listed in April 2009 for $345,900 (parking included)
- Cancelled
- Re-listed in August 2009 for $319,900 (parking included)
- Assessments of $210 a month
- Taxes of $4,133
- Central air
- In-unit washer/dryer
- Fireplace
- Bedroom #1: 12×10
- Bedroom #2: 11×9
August 26th, 2009 | Posted in Lincoln Park | 19 Comments
