En-Vision-ing short sales on State Street

Vision on State, 1255 S State St, ChicagoFollowing the mention of short sales at River City on Monday, I started checking other buildings in the South Loop to see where short sales were concentrated. Of the 17 one- and two-bedroom resales listed at the Vision on State, 1255 S State St, a full dozen are priced 30 to 57 percent off their late 2007 and early 2008 sale prices. In fact, only one home, unit #602, is listed at a markup — it’s priced in the $320s, or about 12 percent more than it sold for in 2008.

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