Does Parking Matter? 2123 N. Kenmore in Lincoln Park

2123 N. Kenmore sits only a few blocks north of the Armitage brown  line stop in the DePaul area.

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It is a 3 bedroom, 2 bath vintage unit with laundry.

BUT: it doesn’t include parking.

Does parking really matter in re-sale?

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Unit #2: 3 bedrooms, 2 baths, wood burning fireplace

  • Sold in June 2006 for $462,500
  • Currently listed for $544,000
  • Assessments of $300 a month
  • Koenig & Strey has the listing

Want a Gold Coast Coach House? 1234 N. Dearborn

This coach house at 1234 N. Dearborn in the Gold Coast is part of a larger condo association. It does NOT  have parking but it appears to have a rooftop deck.

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There’s no square footage listed, but the room sizes are pretty generous. Both bedrooms are on the second level:

  • Livingroom: 23 x 18
  • Kitchen: 17 x 9
  • Bedroom #1: 20 x 16
  • Bedroom #2: 12 x 11

It’s bank-owned.

Does someone have “vision”?

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

  • Sold in June 2000 for $395,000
  • Currently listed for $450,000
  • Assessments of $335 a month
  • Area Wide Realty has the listing

What is Going on at 928 W. Eastwood in Uptown?

If anyone can figure out what is going on at 928 W. Eastwood in Uptown (not far from the Wilson Red Line stop), please inform us.

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There are four units out of eight in the building are currently on the market.

The building was originally bought in February 2005 for $1.225 million. It looks like a developer converted it. The units sold in the summer of 2006.

The four units are now selling for less than the 2006 prices and one appears to be in pre-foreclosure. They are NOT all owned by the same person.

Unit #2E: 3 bedroom, 2 baths, 1 car parking

  • Sold in August 2006 for $400,000
  • Currently listed for $360,000
  • Assessments of $180 a month
  • SR Realty Inc. has the listing

Here is the listing- why isn’t it “completed” when it last sold in 2006?

EXCELLENT CHANCE TO PURCHASE A SPACIOUS ALMOST FULLY COMPLETED GUT REHABBED 3 BDR 2 BATH CONDO UNIT INCLD. PARKING SPACE. THE UNIT IS NOT FULLY COMPLETED

IT INCLUDES HDWD FLRS., 42′ CABINETS, MSTR BATH W/ JACUZZI, DECK. THE CONDO IS BEING SOLD AS-IS. THIS IS A VERY MOTIVATED SELLER THAT IS CONFORMING TO THE CURRENT MARKET. BRING ALL OFFERS!!

Unit #3W: 2 bedrooms, 2 baths, 1400 square feet, 1 car parking

  • Sold in August 2006 for $364,000
  • Currently listed for $295,000
  • Assessments of $152 a month

It appears that this unit is “completed”:

Terrific 2 bedroom, 2 bathroom unit gut rehab & recent conversion. Spacious, hardwood floor thruout, kitchen with granite island, mosaic tiles, full wall backsplash, cherry cabinets and stainless steel appliances, frosted glass.

Exposed brick, gorgeous master bathroom with 6′ whirlpool, double sink & Toto toilet. Wireless category 6, cable ready. Gated parking included, large deck. Close to public transportation & lakefront.

Unit #4W: 3 bedrooms, 2 baths, 1 car parking

  • Sold in August 2006 for $364,000
  • Currently listed for $290,000
  • Assessments of $152 a month
  • SR Realty Inc. has the listing

This one also looks to be completed but a similar listing to #2E:

EXCELLENT CHANCE TO PURCHASE A SPACIOUS NEWLY GUT REHABBED 3 BDR 2 BATH CONDO UNIT INCLD. PARKING SPACE. THE UNIT INCLUDES HDWD FLRS., 42′ CABINETS, S/S APPLIANCES, MSTR BATH W/ JACUZZI, CAT 6 & CABLE READY, DECK.

THIS IS A VERY MOTIVATED SELLER THAT IS CONFORMING TO THE CURRENT MARKET. BRING ALL OFFERS!!!!!!!!!!!!!!!!!!!!!!!!!

Unit #3E appears to be in pre-foreclosure.

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Unit #3E: 3 bedrooms, 2 baths, 1 car gated parking

  • Sold in October 2006 for $400,000
  • Was listed for $289,000
  • Pre-foreclosure amount at $379,188
  • Assessments of $152 a month
  • Coldwell Banker has the listing

30 W. Oak in the Gold Coast Sees Price Reductions

I last chattered about 30 W. Oak in the Gold Coast in January 2008. Unit #4C was on the market and it appeared to be a flip. (Check out the pictures on your favorite realtor website- don’t ask why I’m not posting them here.)

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Unit #4C is still for sale four months later and has been reduced $26,000.

Another unit has also come on the market, Unit #22B, a three bedroom unit. It has been listed only thirty days but has already reduced $150,000.

Unit #4C: 2 bedrooms, 2 baths, study, 2057 square feet

  • Sold in November 2006 for $1,009,900
  • Sold in May 2007 for $1.115 million
  • Was listed in January 2008 for $1.325 million plus $65k for parking
  • Reduced
  • Now listed for $1.299 million plus $65k for parking 
  • Assessments of $1,063 a month
  • Listing says it has a 24 x 12 terrace
  • Fee Simple Realty, Inc. has the listing

Unit #22B is trying to double his/her money in less than a year.  It doesn’t sound, from the listing, like there were million dollar renovations done.  The Poggenpohl kitchen was standard. Here’s the listing:

RARELY AVAIL HIGH FLOOR IN MOST SOUGHT AFTER GOLD COAST BLDG FIND ULTIMATE LUXURY IN THIS CUSTOM DESIGNED GLASS HOME IN THE SKY.

DRAMATIC SPACE OFFERS 10.5′ CEILINGS, EXQUISITE FINISHES INCL: POGGENPOHL KIT, KOHLER PURIST INFINITY BATHS CRESTRON LGHT & TECHNOLOGY SYSTEM, CUST WALNUT WRAPPED COLUMNS, BUILT-INS, & FLRING. BREATHTAKING VIEWS FROM EXPANSIVE FLOOR TO CEILING GLASS & TERRACE.

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Unit #22B: 3 bedrooms, 2.5 baths, 2 car parking

  • Sold in May 2007 for $1.489 million
  • Originally listed for $2.999 million
  • Reduced
  • Now listed for $2.849 million
  • Assessments of $1,825 a month
  • @Properties has the listing

Foreclosure Alert: $210k Below Prior Sale Price at 1250 S. Michigan

Michigan Avenue Tower, at 1250 S. Michigan, in the South Loop is part of the wave of new construction around Michigan Avenue and Roosevelt Road.  It was built in 2005 and has 229 units.

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 Perhaps you’ve seen the Craigslist ad for this three bedroom unit.

Previously for sale at 659K. Bank is asking 525K!

Spectacular 3 BR, 2 BA newer construction Condo on high floor w/ many upgrades & fabulous views. Hrdwd Flrs, Granite & Stainless, FP, 2 Balconies, Master BA w/ sep Shower, 2 Deeded Prkng Spaces in Gar, Doorman, Pool & Sundeck. Walk to Park, Lake Museums. Property is sold “as is” but in great condition.

Don’t blame me for the pictures!

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Unit #2604: 3 bedrooms, 2 baths, 2 car parking

  • Sold in March 2006 for $735,000
  • Was listed for $659,000 prior to foreclosure
  • Now listed at $525,000 (parking included? It sounds like it from the listing)
  • Assessments of $600 a month
  • Chicago Realty Partners

The most expensive unit for sale in the building is Unit #2706, 3 bedrooms, 2 baths, 1800 square feet:

  • Currently listed for $719,000 plus $39,000 for parking

Price Reduction at 708 W. Barry in Lakeview

Remember these units from March? Unit #4F has the rooftop deck. But Unit #1R has two car parking.

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Unit #4F has now reduced $10,000.

Both are still on the market.

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Unit #4F: 2 bedrooms, 2 baths

  • Sold in September 2005 for $494,000
  • Was listed in March 2008 at $499,900 (parking included)
  • Currently listed for $489,900
  • Assessments of $190 a month 
  • @Properties has the listing 

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Unit #1R: 2 bedrooms, 2 baths, 1200 square feet

  • Sold in November 2005 for $454,500
  • Still listed for $489,900 which includes two parking spaces that are NOT tandem
  • Assessments of $149 a month
  • Select Properties,  Inc. GMAC Re has the listing

Too Good To Be True? 4055 N. Greenview in Lakeview

What do you do when a property has been on the market nearly a year with numerous price reductions?

You reduce it again.

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The first floor unit in this 1895 Greystone at 4055 N. Greenview just north of Irving Park Road near Graceland Cemetary has been on the market for 11 months. Here’s the listing:

TOO GOOD TO BE TRUE! SPECTACULAR VINTAGE GREYSTONE IN GRACELAND WEST! OPPORTUNITY FOR APPROX 1800 SQFT! GORGEOUS 3 BDRM/2 BATH UNIT W/GARAGE PARKING! BEAUTIFUL FRONT PORCH, BACK DECK AND YARD!

HIGH CEILINGS, HDWD FLRS, GREAT LIGHT RAW UN-FINISHED BASEMENT SPACE PERFECT FOR DUPLEX DOWN! ASMNTS INCL HEAT. TAXES ARE BEING PROTESTED. NEAR PUBLIC TRANSPORTATION & SOUTHPORT CORRIDOR! BRING AN OFFER!

Is it really “too good to be true”?

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Unit #1S: 3 bedrooms, 2 baths, 1800 square feet, garage parking

  • Sold in June 1996 for $156,000
  • Originally listed for $399,000 in June 2007
  • Numerous price reductions
  • Recently reduced from $329,000 to $299,999
  • Assessments of $568 a month
  • Taxes of $7868
  • No central air- window units
  • Koenig & Strey has the listing

The $300,000 One Bedroom: 653 N. Kingsbury in River North

In case you haven’t noticed, the $300,000 one bedroom unit has become pretty standard in Lincoln Park, River North, and even some parts of the Loop and South Loop.

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Such is the case in 653 N. Kingsbury, Kingsbury on the Park, in River North. The building was completed in 2002-2003 on the far west side of River North.

Three 800 square foot east facing one bedrooms are currently on the market.

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Unit #1506: 1 bedroom, 1.5 baths, 800 square feet

  • Sold in June 2005 for $305,000
  • Currently listed for $299,000 plus $25k for parking
  • Assessments of $492 a month (listing says one year paid assessments)
  • Major Enterprises, Inc. has the listing

Unit #1906: 1 bedroom, 1.5 baths, 800 square feet

  • Sold in October 2003 for $270,000
  • Sold in July 2004 for $292,000
  • Listed for $297,900 plus $35k for parking
  • Assessments of $518 a month
  • Rubloff has the listing

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Unit #2006: 1 bedroom, 1.5 baths, 800 square feet

  • Sold in July 2004 for $278,000
  • Currently listed for $296,900 plus $35k for parking
  • Assessment is $603 a month
  • Baird & Warner has the listing

The last 06 tier unit to sell was Unit #2206. It sold in January 2008 for $321,000.

Price Reductions in 508 W. Melrose in Lakeview

In January 2008, we chattered about several units at 508 W. Melrose in Lakeview that were struggling to sell for over $500,000.

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Five months later, they are still for sale and both have had price reductions.

  1. Unit #2D: reduced $24,500
  2. Unit #2A: reduced $20,000

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Unit #2D: 2 bedrooms, 2 baths,  1688 square feet

  • Sold in June 2004 for $512,000
  • Was listed in January 2008 at $499,000 (plus $35,000 for parking)
  • Reduced
  • Currently listed at $474,500 plus $35k for parking
  • Assessments of $261 a month
  • Rubloff has the listing

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Unit #2A: 2 bedroom, 2 baths,  1568 square feet

  • Sold in June 2004 for $533,000
  • Was listed in January 2008 for $549,900 (plus $35,000 for parking)
  • Reduced
  • Currently listed for $529,000 plus $35k for parking
  • Assessments of $336 a month
  • Baird and Warner has the listing

Under $400k in Old Town and Still Not Selling: 1212 N. Wells

The Neopolitan, at 1212 N. Wells, in Old Town was built in 2000 when there wasn’t much to do at the south end of Wells Street. Now, Old Town Brassiere and other restaurants have extended the Wells Street nightlife to Division.

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Two two bedroom units are listed in 1212 N. Wells.

Unit #306 has been on the market nearly four months, with several price reductions.

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Unit #306: 2 bedrooms, 2 baths

  • Sold in May 2003 for $341,500
  • Originally listed for $380,000 plus $35k for parking
  • Has been reduced several times
  • Currently listed for $364,900 plus $35k for parking
  • Assessments of $425 a month
  • Keller Williams River North has the listing

Unit #406 just came on the market.

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Unit #406: 2 bedrooms, 2 baths, 1200 square feet

  • Sold in June 2001 for $247,500
  • Sold in February 2004 for $330,000
  • Sold in April 2007 for $380,000
  • Currently listed for $369,900 plus $35k for parking
  • Assessments of $420 a month
  • Kale Realty has the listing