Tag: Price reductions
Feeling the pain: Owners unloading at Avenue East in Streeterville
Avenue East, 160 E Illinois St, seemed to have a steady stream of homes coming back on the market last year, and saw about one sale a month during 201 [...]
757 Orleans shakes loose some rust
Looks like a mix of price cuts, low-rate mortgages, and "free equity" incentives have thawed some of the ice around 757 Orleans @ Chicago in River [...]
Underwater sellers at Optima Old Orchard Woods
Optima Old Orchard Woods is seeing some of the sharp price drops that have plagued suburban condo developments in recent years.
There are curre [...]
Terror towers: What’s wrong with 2000 Lincoln Park West?
2000 Lincoln Park West may benefit from some beautiful views, but the numbers there sure aren't pretty.
Homes that sold for $446 a square foot in 2 [...]
Listed for $979K in Winnetka, sells for $800K
Last April I visited the 5-bedroom, 3 ½ bath home at 397 Sunset Rd in Winnetka, shortly after it came on the market.
The home was directly acro [...]
Are Oak Brook sellers living in fantasyland?
Oak Brook is a highly desirable, aspirational community, but that’s not the gist of our reference to fantasyland.
There are currently 32 homes [...]
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 [...]
A year later, $200K less in Wilmette
The 5-bedroom, 4 ½ bath, 2-car garage home on a corner lot at 1418 Elmwood Ave in Wilmette had only been on the market for 5 days when I visited a [...]
River City three-bedroom now 79% below ’03 price
River City made news last summer after rainwater flooded its condos and garage, but there's been a redder kind of liquid seeping from the building [...]
Choice cuts: Assumption School penthouse cut by 31% over 9 months
Won't someone claim this penthouse? The fourth-floor unit in the old Assumption School building at 319 W Erie St in River North is one of seven th [...]
Triumvera’s HOA from hell
Seeing a new listing at 3700 Capri Ct at Triumvera set me off on a walk down memory lane. The listing states that it’s in Glenview, but it’s actua [...]
New year, new listings: Six new condos for sale at 1162 West Hubbard
Back in July 2009, Mark Boyer stumbled upon a 17-unit condo building under construction at 1162 W Hubbard St in West Town. He couldn't get a lot o [...]
Are smaller lakefront condos headed for decline?
Recently, at sites where the wishful-thinkers don their blinkers and gather to blather about the future of Chicago’s lakefront market, there’s been a [...]
Riverwoods, where home prices took a 40% hit
Last July Bill and Sherry Kaplan, long-time friends, took me on a driving tour (video playlist) of Riverwoods, the closest-in approximation of a r [...]
Choice cuts: Lake View single-family now $50K below ’03 sale price
On Monday a contemporary single-family home at 1527 W Nelson St in Lake View dropped from $849,000 to $790,000, $50,000 below its August 2003 sale pri [...]
Grand Bend cuts prices in bid to sell out now
"Our compelling prices represent a dramatic opportunity to buy high-end, very large, brand new condominiums at near auction-level pricing," said A [...]
Towers of terror: Sellers take their lumps at Granville Beach in Edgewater
This morning Joe Zekas, writing at Homeward Bound - West Suburbs, likened price cuts at Oak Brook's Tower Condominiums to the "uncontrollable plum [...]
Lincoln Park duplex listed for $87K below 2005 sale price
2750 N Dayton St #8 isn't really a new listing for 2011 -- it's been on the market since March, with an occasional delisting and immediate relisti [...]
Choice cuts: Renovated corner condo on Michigan Avenue listed below 2000 sale price
Down, down, down goes the price of this corner condo at 777 N Michigan Ave. Unit 3201, a 1,650 square-foot two-bedroom / 2.5-bath positioned on t [...]
Stuff that hasn’t sold: Three examples from Mondial’s inventory
A round of major price reductions resulted in just 17 new sales at the 15-story, 141-unit Mondial high-rise this year, so expect to see even more c [...]