Crib Chatter

Remember the bank-owned Gold Coast coach house that we chattered about several  times in 2008 at 1234 N. Dearborn?

After over a year on the market and numerous price reductions by the bank, it finally sold for under its 2000 purchase price.

Did someone get a deal on this property?

To refresh your memory- check out the pictures here.

1234 N. Dearborn #CH: 2 bedrooms, 2.5 baths

• Sold in June 2000 for $395,000
• Bank owned as of September 2007
• Was listed in May 2008 for $450,000
• Reduced
• Was listed in June 2008 for $437,000
• Reduced
• Was listed in October 2008 for $407,000
• Reduced
• Was listed in March 2009 for $345,000
• Sold in June 2009 for $350,000
• Assessments of $335 a month
• Taxes of $3308
• No central air
• No parking
• A.D.S. Realty had the listing.

1848 W. Waveland is a vintage building that was converted into condos in 2006 in North Center.

It seems to have all the bells and whistles that condo buyers look for:

1. a good location near the North Center shops,
2. near public transportation,
3. central air,
4. an in-unit washer/dryer,
5. a parking space, and
6. granite counter tops and stainless steel appliances in the kitchen.

The unit is move-in ready.

It has also been reduced by $10,000.

Mario Greco at Rubloff has the listing. See more pictures and a virtual tour here.

See the property web site here.

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

• Sold in March 2006 for $344,000
• Originally listed in April 2009 for $349,000 (parking $20k extra)
• Reduced
• Currently listed for $339,000 (parking $20k extra)
• Assessments of $135 a month
• Taxes of $4920
• Central Air
• In-unit washer/dryer
• Living room: 15×12
• Kitchen: 15×8
• Bedroom #1: 15×12
• Bedroom #2: 10×9

We chattered about this Harry Weese mid-century modern duplex at 235 W. Eugenie in Old Town several times last year.

See our March 2008 chatter and pictures here.

After several price reductions it was withdrawn from the market.

Well, it’s back and reduced again. It’s now also listed under the 2004 purchase price.

The 2-bedroom unit is in a prime Old Town location, near the shops, the El and Lincoln Park.

This unit has no central air, but does have an in-unit washer/dryer and an assigned, outdoor parking space (which is a hot commodity in Old Town.)

Will it now sell at this lower price point?

Nick Patterson at Kale Realty now has the listing. See the pictures here.

Unit #T-4: 2 bedrooms, 1.5 baths, no square footage listed

• Sold in August 2004 for $385,000
• Was listed in March 2008 for $409,900 (included a parking spot)
• Reduced
• Was listed in July 2008 for $404,900
• Withdrawn
• Recently re-listed at $384,000 (parking spot included)
• Assessments of $194 a month
• Taxes of $3,850
• No Central Air- window units
• Washer/Dryer in the unit
• Living room: 21×13
• Kitchen: 16×9
• Bedroom #1: 15×13
• Bedroom #2: 10×8

There are several buildings associated with the Parkside of Old Town development including The Hudson, a 9-story midrise building at 437 W. Division.

The 128-unit building started closings in 2008 but is not sold out.

This penthouse re-sale unit is currently on the market with a 27×8 balcony that has, the listing says, “million dollar city views.”

The kitchen is also “highly upgraded” with Verde Cascade granite and, in the master bathroom, granite and travertine.

The condo has 11′ high ceilings.

The unit was just reduced by $20,000. It is now the cheapest 2/2 on the MLS.

Gregory Jarvis at Baird and Warner has the listing. See the pictures here (mainly of the kitchen and bath).

Unit #907: 2 bedrooms, 2 baths, no square footage listed

• I couldn’t find an original closing price
• Originally listed in April 2009 for $399,900 (parking $30k extra)
• Reduced
• Currently listed for $379,900 (parking $30k extra)
• Assessments of $426 a month
• Taxes are “new”
• Living room: 15×14
• Kitchen: 11×8
• Bedroom #1: 12×12
• Bedroom #2: 12×11

This French Provincial cottage at 10837 S. Wood in Morgan Park was built in 1926.

While it’s not big, at 1344 square feet, it has a nice sized backyard with a gazebo, a full finished basement and a detached 1.5 car garage.

It’s also only a few blocks from the 107th street Metra stop.

The listing says “seller wants an offer.”

Amie Wharff at Prudential Biros Real Estate has the listing. See more pictures here.

10837 S. Wood: 2 bedrooms, 1.5 baths, 1344 square feet, 1.5 car garage

• Sold in April 1991 for $68,000
• Sold in June 1998 for $113,000
• Originally listed in March 2009 for $259,900
• Reduced
• Currently listed at $239,900
• Taxes of $2095
• No central air
• Bedroom #1: 18×11
• Bedroom #2: 10×9
• Living room: 19×12
• Dining room: 12×11
• Kitchen: 11×8
• Family room: 12×10

Looking  for a 2-flat where you can live in one unit and rent out the other?

This greystone 2-flat at 2242 W. Leland in Lincoln Square has two 3-bedroom, 1 bath units and a 2.5 car garage.

It has an unfinished basement (which the listing says could be duplexed down) as well as some nice vintage features like the beams in the dining room. It’s also within walking distance of the Lincoln Square shops.

Each unit has separate utilities.

Ellen Webber at @Properties has the listing. See the virtual tour and more pictures here.

For more information on the individual units, see the listing here.

2242 W. Leland: 6 bedrooms, 2 baths, 2.5 garage, unfinished basement

• Sold in August 2001 for $417,500
• Currently listed for $649,000
• Taxes of $7120
• Two 3 bedrooms, 1 bath units
• Separate utilities

We finally have a closing price on the 700-square foot 2-bedroom vintage unit in the historic Gaslight Court complex at 1407.5 N. Wells in Old Town.

See our prior chatter here (where some of you guessed at the ultimate closing price).

Unit #3E: 2 bedrooms, 1 bath, approximately 700 square feet

• Sold in January 2002 for $190,000
• Was listed in February 2009 for $256,000
• Reduced
• Was listed in April 2009 for $249,900
• Sold in June 2009 for $235,000
• Assessments of $234 a month
• Taxes of $2616
• Central air/Spac Pac
• Washer/dryer
• No parking
• Balcony
• Ken Marier at Sudler Sotheby’s Realty had the listing.

Here we go again.

Quick sales in a tough market.

It’s another conversion building, similar to the one we chattered about in March and April at 842 W. Belle Plaine in Lakeview, only this time the location is in Lincoln Square at 4451-57 N. Hamilton.

See our prior chatter and pictures about the Belle Plaine building here.

8 out of 15 units have sold in just three weeks.

What’s the reason behind the quick sales?

Is it all about the pricing or are the finishes, once again, done right?

Prices range from $199,000 to $259,000.

These pictures are of a different building by the same developer (so you can get an idea of the finishes etc.)

When there are actual pictures of the units, I’ll post those.

Mario Greco at Rubloff and his team are handling the marketing. See the listing here.

See the property website here.

A model unit will be ready for viewing sometime in the last 2 weeks of the month.

4451 N. Hamilton, Unit #3: 2 bedrooms, 1 bath, no square footage listed

• Currently listed at $245,000
• Assessments of $146 a month
• Taxes are “new”
• No parking
• Central Air
• Washer/Dryer in the unit
• Living room: 15×11
• Kitchen: 10×8
• Bedroom #1: 12×10
• Bedroom #2: 11×10

The Carl Street Studios is a 15 (or is it 16?) unit complex at 155 W. Burton Place in Old Town that was built in 1880 by Edgar Miller.

To say it is unique is an understatement.

From time to time units come on the market, including a duplex we chattered about way back in September 2007.

See our prior chatter and pictures here.

But now, the grand daddy of them all has come on the market, a 3-bedroom, 5500 square foot, renovated vintage beauty with a 2-story living room.

The listing says it has stained glass, sculpture mosaics and frescoes as well as a private roof top deck. The kitchen was apparently renovated 2 years ago.

It also has central air. The only thing it’s lacking is parking (there is none at the Carl Street Studios) but you can rent a private 2-car garage rental for $420 a month (according to the listing.)

Is this property so unusual that price point won’t matter?

Millie Rosenbloom at Baird and Warner has the listing. See the pictures of this unique property here.

Unit #2: 3 bedrooms, 3 baths, 2 half baths, 5500 square feet

• Sold in March 2003 for $1.8 million
• Currently listed for $3.1 million
• Assessments of $3578 a month
• Taxes of $29,704
• Central Air
• Parking is rental for $420 a month (2 spaces)

We’ve chattered about this North Center cottage at 1750 W. Grace numerous times over the past year.

See our April 2009 chatter here.

It has been reduced another $25,000 and is now listed under the 2006 purchase price.

The listing now also calls it a “great alternative to a condo.”

Several of you seemed to think it would sell closer to $500,000 (in the end.)

Scott Zelkin at @Properties now has the listing. See the pictures here.

1750 W. Grace: 4 bedrooms, 2 baths, 2400 square feet, 2 car garage

• Sold in May 2006 for $555,000
• Was listed in May 2008 for $669,900
• Reduced several times
• Was listed in November 2008 for $584,900
• Withdrawn
• Re-listed in April 2009 for $575,000
• Reduced
• Currently listed for $550,000
• Taxes of $8407
• Central air
• Basement