Tag: Short sales
Blood near the tracks in Forest Park
The Residences at The Grove was a quality development from a top-notch builder in a location steps from the CTA Blue Line in Forest Park. You can [...]
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 [...]
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 [...]
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 [...]
West Town short sale starting a grand below ’07 sale price
Remember, "short sale" doesn't always equal "fire sale." The single-family home at 2208 W Huron St in West Town (the one on the left in the pictur [...]
One-third of Glenview sales foreclosures
More than 350 homes in affluent north-suburban Glenview are in foreclosure, according to the Village’s Communication’s Director.
And, a local [...]
Choice cuts: 29% off a Lincoln Park storefront home
Follow that little red Carrera above down the 1100 block of West Webster Ave and you'll pass the storefronts of the Cotelac, McShane's Exchange, L [...]
The $50K and under Evanston single-family
The housing meltdown is surfacing single-family homes in Evanston at prices that were formerly unthinkable for vacant land, including 3 homes pric [...]
$399K ‘Pre-short sale’ surfaces at Park Monroe
I've noticed several resales listed at Park Monroe, 65 E Monroe St, over the course of the year, but today is the first time I can recall seeing a [...]
An REO specialist’s mission statement and succession plan
A typical real estate agent lacks a mission statement and a succession plan, making it difficult for lenders to be confident in hiring his services. [...]
Loft living: Is this China Club short sale the coolest of the cool kids?
I don't know how Redfin's "popular new listings" list works (what Redfin considers "new," whether they're tracking individual listing views or somet [...]
Selling short: 34% off '04 sale price at Prairie District Tower in the South Loop
The property history for Prairie District Tower's unit 610 tells a tale of stops and starts. First it sold in 2004 for $380,000. In August 2009 it wen [...]
An REO specialist’s service area
The typical real estate agent services a fairly narrow, generally geographic niche market. That narrow focus doesn't work for REO specialists, who [...]
Frank DeNovi on foreclosures and short sales
One of our company's newest clients is Frank DeNovi, a Coldwell Banker agent who has worked with bank-owned properties for 25 years. We're still edi [...]
A $2.6 million short sale on the Mag Mile
The most expensive short sale I can find in Chicago is this duplex penthouse at Chicago Place, on the northwest corner of Huron Street and Michigan Av [...]
$650,000 off a Kenwood District mansion
How's this for a price cut? A 7,000 square-foot home at 4900 S Kimbark Ave dropped in price Tuesday from $2.4 million to $1.75 million. That's 27 perc [...]
Catalpa Gardens: Short sale central?
Google says a lot of readers have been coming here in search of news on Catalpa Gardens, that big homage to IKEA stores and Chicago Cards looming ov [...]
Riding the rails: New-construction short sales near the Morse station
One block south of the Red Line station at Morse and Glenwood avenues in Rogers Park is this new-ish five-unit building at 1416 W Farwell Ave, home [...]
Distressed property sales down in Illinois, still at high levels
Fewer distressed properties sold during the first quarter of this year than in the 1st or 4th quarters of last year, according to a report from Realty [...]