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Short sale

ChicagoDowntown / Loop

River North short sale draws 80 showings, 33 offers in a week

River North Chicago

Well-located, attractively-priced properties, especially if they’re distressed, are once again generating a frenzy of activity on the part of buyers. If you doubt that, consider the email that Prudential Rubloff’s Donna Urbikas recently sent to the losing bidders on a River North listing: Thank you very much for submitting your offer for my short sale ...

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Posted by Joe Zekas on February 7, 2013
ChicagoNorthwest Side

Six months on, bank wants offer today on riverfront townhome

Riverwalk townhomes at Diversey

The 4-level, 3-bedroom, 2 ½ bath townhome at 2900 N Riverwalk Dr in Avondale has been on and off the market since August of last year. It last sold in July of 2007 for $590,000, financed with a $590,000 mortgage. The original listing price was $489,000 but it’s been reduced several times, most recently to ...

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Posted by Joe Zekas on February 10, 2012
ChicagoWest / Southwest

New North Lawndale listing at a mortgage fraudster’s condo

2842 W Fillmore Chicago

We’ve occasionally focused on mortgage fraud on Chicago’s South Side, but the West Side has also had more than its share. Today’s new listings email spotlights a short sale in a 3-unit condo development completed on a barren North Lawndale block in 2008. The building’s three 3-bedroom, 2-bath units all sold in the $330s late ...

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Posted by Joe Zekas on November 23, 2011
ChicagoFar North

A creative Ravenswood short-seller builds a Web site

4514 N Ashland Chicago

One of our frequent visitors sent along a link to a Web site that he’s built to promote the sale of his condo at Ravenswood Court, 4514 N Ashland Ave. His site’s attention-grabbing headline: Two Bedroom, Two Bath, Too Good to Pass Up. We’ve seen this level of marketing effort fairly often in connection with ...

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Posted by Joe Zekas on August 24, 2011
ChicagoWest / Southwest

A newer single-family home in the $270s on the southwest side

Southwest side single-family

Chicago’s West Elsdon experienced dramatic demographic change during the past decade, and was one of the city’s few Community Areas to gain population during that period. The Hispanic population of West Elsdon grew by nearly 75%, to 13,752 residents while the White population fell by nearly 50%. The neighborhood’s more than 2,300 new residents were ...

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Posted by Joe Zekas on July 25, 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 ShoreWilmette

East Wilmette short sale below 1999 price

906 Greenleaf Ave, Wilmette IL

A 5-bedroom, 3 ½ bath home at 906 Greenleaf Ave in Wilmette just came on the market as a short sale, at $550,000. The home sold for $615,000 in July of 1999, and resold for $865,000 in June of 2007. The home is on a 45 x 191 lot a few blocks from downtown Wilmette ...

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Posted by Joe Zekas on April 6, 2011
North ShoreEvanston

Evanston 2-flat at 79% off 2007 price

Have some spare cash and looking for a rehab project? You can find a number of homes in Evanston’s Fifth Ward priced at under $100,000. A 2-flat at 2019 Dodge St, for example, is back on the market as a new listing. Each of the units has 4 bedrooms and 2 full baths. The property ...

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Posted by Joe Zekas on January 22, 2011

North Shore bargain-priced 4 bedroom, 3 ½ bath in Glencoe under $400K

The 4-bedroom, 3 ½ bath contemporary home at 1010 Skokie Ridge in Glencoe sold for $615,000 in 2002. It’s currently listed with Jameson for sale at $399,900. The listing notes it as a pre-foreclosure “as is” sale with third-party approval required. Based on the pictures and the listing description it appears to be in reasonable ...

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Posted by Joe Zekas on July 24, 2010