Price cuts, short sales, and foreclosures cross my desk in herds these days. Since the start of the new year, it seems that the sellers of houses, townhouses, and condos who are eager to unload their property have become markedly more serious about making it happen.
Today I have pulled together a gallery of low-priced properties in the city and suburbs. Some of these homes are being sold at auction, and others are…
List Price: $3.95 million
Sale Price: $3.5 million
The Property: A ten-room condo on the fourth floor of the 12-story 219 East Lake Shore Drive building was sold on January 20th for $3.5 million, the first sale at that prestigious address since mid-2007.
List Price: $599,900
The Property: The latest asking price on this contemporary four-bedroom home in Glen Ellyn is about what the sellers paid for the place in 2004—before they spent an additional $75,000 to add a little more than an acre to what was a half-acre lot. The listing is now a short sale (where the lending bank approves selling the property for less than what’s due on the mortgage)…
Most 20-year-olds can’t picture owning a home for at least another several years. For them, Kristen Conradi has a bit of advice: “Dude,” she says, “don’t rent.”
In December Conradi, a 20-year-old college student, bought a foreclosed two-bedroom condo near…
ROGERS PARK FROM $165,000 TO $230,000 If it weren’t for the ornate terra cotta detailing on the façade and the drop-off doors for the iceman on a few rear porches, the 85-year-old building at 1549 West Sherwin Avenue might pass for new. (Witness the new wrought-iron balconies and the newly installed windows.) “It’s one of … Read more
SOUTH LOOP FROM $169,800 TO $1.2 million Outdated maps that misidentified the locations of some nearby underground caissons pushed back construction on the new Astoria Tower by a year. That may have been a good thing: If work had proceeded as scheduled, the building would have been completed just as downtown condo sales were starting … Read more
The Green on Paulina lives up to ecological-sounding moniker
List Price: N/A
Sale Price: $1.225 million
The Property: Mark Giangreco, the sports director and lead sports anchor at WLS-TV ABC 7, has bought a two-bedroom condo on a high floor at One Museum Park, the pair of new condo towers that overlook the south end of Grant Park.
List Price: $499,000
The Property: Built in 1916 when the surrounding neighborhood was a stylish enclave centered on the nearby South Shore Country Club, this Prairie-style house was the work of the architect John Van Bergen, whose buildings are numerous in Oak Park, River Forest, and Highland Park. This is Van Bergen’s only work in Chicago, according to Lee Bey, formerly the architecture critic for the Chicago Sun-Times and now a blogger at…
In Lawndale, at the site of the Chicago apartment where the Rev. Dr. Martin Luther King Jr. lived with his family in 1966, work has begun on the Dr. King Legacy Apartments, a $17-million complex that, when finished, will have 45 units of affordable rental housing, retail space, and a mini-museum dedicated to the efforts of King and others to provide equal access to housing in Chicago.
