Real estate news & trends

News from around the Web - 5/22

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Price reduction

ChicagoNorthwest Side

Price drop at Old Irving Park’s only 7-bedroom

3942 N Lowell Chicago

The renovation and expansion of 3942 N Lowell has resulted in the only home currently for sale in Old Irving Park to offer 7 bedrooms. Six of those bedrooms are above grade, 4 on the second level and 2 on the third. The home’s 5,800 square feet of living space also offers 4 ½ baths, ...

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Posted by Joe Zekas on August 2, 2012
ChicagoNorth Side

Bucktown trophy remains unclaimed

Bucktown Fitness Club

The “trophy” home that’s under construction at 1921 W Wabansia in Bucktown has been on the market for more than two years now, and the address is now listed as 1923 W Wabansia. Since we last wrote about the property the asking price has been reduced from $2.7M to $2,249,900, but the listing copy remains ...

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Posted by Joe Zekas on June 6, 2012
ChicagoNorth Side

Play croquet in Lincoln Park for half a million less

643 W Arlington Chicago

It isn’t often that you’ll see the phrase “perfect for croquet” in a listing for a Lincoln Park home, but then there are very few Lincoln Park homes that have a lawn the size of the one at 643 W Arlington Pl. That leisurely game of croquet just became half a million dollars less expensive. ...

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Posted by Joe Zekas on April 19, 2012
North ShoreWilmette

Live two doors from the Wilmette Christmas house

2022 Wilmette Ave Wilmette

I’m a sucker for a front porch, and the home at 2022 Wilmette Ave in Wilmette has a great south-facing one that wraps around the sides of the home and leads to a pergola on the west. The 5-bedroom, 3 bath farm house has been on the market for a year, and is priced at ...

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Posted by Joe Zekas on April 19, 2012
ChicagoDowntown / Loop

Half-million price drop on a riverfront townhome

Streeterville townhome video

When the weather’s as gorgeous as it’s been you’ll want to start your home tours up on the roof, especially if the roof directly overlooks the Chicago River in Streeterville. If there’s a better townhome roof deck than the one at 439 E North Water St, I haven’t seen it, and I doubt that one ...

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Posted by Joe Zekas on March 21, 2012
North ShoreHighland Park

Highland Park luxury at $600K below 2006 asking price

Highland Park single-family home

The 7,500 square foot 5-bedroom home with 5 full and 2 half baths on an acre at 3434 Old Mill Rd in Highland Park recently came on the market at an asking price of $1,592,000. The home was offered for sale for $2,200,000 back in July of 2006 when we shot the above picture, and ...

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Posted by Joe Zekas on March 21, 2012
North suburbsPark Ridge

Park Ridge palazzo nearing 5 years on the market

1212 S Knight Park Ridge

We first called attention to the unusual interior of the 4-bedroom home at 1212 S Knight in Park Ridge nearly 5 years ago. The asking price at the time was $1,350,000. The home is still on the market, and the price has been reduced to $975,000. Prudential Rubloff’s Marta Kazmierczak has the listing.

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Posted by Joe Zekas on October 25, 2011
ChicagoNorth Side

$400K price reduction on Lincoln Park single-family

2325 N Orchard Chicago

A renovated 19th century home in Lincoln Park just came on the market as a new listing, although it’s been listed on and off since April of 2009. The 6,700 square foot, 6-bedroom, 5 ½ bath, 15-room home is on an extra-wide 30 x 125 corner lot at 2325 N Orchard St. The location enables ...

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Posted by Joe Zekas on October 21, 2011
DealsChicagoDowntown / Loop

Price “reduced to sell today” at ParkView in Streeterville

ParkView condos

Three weeks ago we reported on a huge price reduction on a penthouse unit at ParkView Condominium in Streeterville. The unit quickly went under contract. ParkView had been one of our sponsors, and you can see video from the building in our prior post. Today’s email brings news of another price slash on a high-floor ...

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Posted by Joe Zekas on October 20, 2011
ChicagoNorth Side

Price cuts on new West Bucktown single-families

New construction single-family

A new 5-bedroom, 3 ½ bath home at 1701 N Artesian in West Bucktown that came on the market in early June at $699,900 has just been reduced to $644,900. The 3,600 square foot home is on a south-facing corner lot, and enjoys good natural light. Sam Banks of Sergio & Banks has the listing. ...

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Posted by Joe Zekas on September 8, 2011
ChicagoNorth Side

Open house pick – a price-reduced North Center single-family in the mid-$400s

1808 W Diversey video

The 2-bedroom, 3-bath single-family home at 1808 W Diversey in the Picardy Place gated complex is at the far southeast corner of Chicago’s North Center community, across the street from Lincoln Park and steps from Lake View. It’s around the corner from Chi Che Wang Park, which you’ll see in the above video. The late ...

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Posted by Joe Zekas on July 23, 2011
West suburbsRiver Forest

River Forest home reduced to less than half the mortgage

12 Lathrop River Forest

The 3-bedroom, bath-and-a-half home at 12 Lathrop Ave in River Forest came on the market in January at a list price of $399,000. After half a dozen price reductions, the most recent one today, it’s now listed at $225,000 as a short sale. The current owner has been in foreclosure several times during his tenure ...

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Posted by Joe Zekas on July 6, 2011
North ShoreKenilworth

Back on the market – a Kenilworth starter home

Kenilworth starter home

Back in October of 2009 I stopped at an open house at 611 Roger Ave in Kenilworth and shot the above video tour with one of the owners. At that time the home had been on the market for 6 months and was priced at $595,000, after several price reductions. The 3-bedroom, 2 ½ bath ...

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Posted by Joe Zekas on June 15, 2011
ChicagoNorth Side

An open plan duplex on a gorgeous Lake View block

3127 N Clifton video

I enjoy looking at homes with Eric Rojas. Eric is always knowledgeable about the neighborhoods we visit. He tends to work with sophisticated buyers and has a keen sense of what they’re looking for in a home, and how homes actually live. Eric’s blog is one of the sources we link to frequently on our ...

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Posted by Joe Zekas on May 17, 2011