Getting Real

After 2 Years Last University Village Developer Units Sell $200,000 Below Original List

Over the last couple of months the last 2 developer townhomes in Chicago’s University Village quietly sold. Several months back the developer removed their sales center from the corner of Halsted and 14th Place but the two townhomes at 711 W 15th Place and 745 W 15th Place remained on the market and after almost... Read more »

By Gary Lucido,
February 16, 2012 at 6:56 am

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University Village And Commons Moves To 11th Ward As Does Danny Solis

The remapping of Chicago’s wards appears to be done (Is it really a done deal or will there be more horse trading?) and as a result of the change it appears that University Village and University Commons will be moving to the 11th ward from the 25th effective in 2015. At least University Commons won’t... Read more »

By Gary Lucido,
January 20, 2012 at 11:15 am

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Million Dollar University Village Foreclosure Closes Only 10% Below Bubble Peak

Ever since this single family home at 1420 S Emerald in University Village went into foreclosure I’ve had my eye on it, trying to guess what it was going to sell for. My guess was that there was no way it was going to sell for more than $1 MM. In fact, I had the... Read more »

By Gary Lucido,
July 9, 2011 at 7:10 am

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University Village Short Sales And Foreclosures In Full Bloom This Spring

With the spring real estate market in Chicago well underway a number of homes have come on the market in University Village lately. And quite a few of them have been distressed – either short sales or foreclosures. As with Chicago as a whole most of the distressed homes are at the lower price points... Read more »

By Gary Lucido,
April 29, 2011 at 9:17 am

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Don't Forget To Vote In The Aldermanic Runoff Elections

In case you’ve been throwing away your junk mail without reading it there’s a runoff election today for aldermen in several fiefdoms wards. There’s a nice little summary of the candidates and the wards in yesterday’s Chicago Tribune. If you want to know where to vote you can go to the polling place locator provided... Read more »

By Gary Lucido,
April 5, 2011 at 12:06 am

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University Village About To Get Additional School Choice?

As of today the educational options are looking much better for the residents of University Village. Dissatisfied with the performance of Smyth Academy for some time, the parents of University Village have been pressuring Chicago Public Schools to provide an alternative for their children. According to a story posted earlier this evening by the Chicago... Read more »

By Gary Lucido,
January 26, 2011 at 11:42 pm

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University Village Sellers Can't Compete With Short Sales And Foreclosures

Because I live in University Village I really keep a close eye on what is going on with real estate there. In particular, the single family home at 1454 S Emerald caught my eye when it became bank owned and was put back on the market, with the list price eventually dropped to $836,900. Keep... Read more »

By Gary Lucido,
August 4, 2010 at 8:30 am

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Last Union Row Townhomes Under Contract

I got an email from Joe Zekas this morning pointing out to me that the last of the Union Row townhomes has sold. He covers this in his blog post, linked above. You will also note that in his post he links to my earlier Union Row post as an example of how some brokers... Read more »

By Gary Lucido,
June 30, 2010 at 5:37 pm

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University Village's Most Expensive Home Closes At 27% Discount

After 893 days on the market, 1446 S Emerald in Chicago’s University Village just closed at $1,225,000 vs. a list price of $1,675,000, which is a 27% discount. I have to believe that this home is currently the most expensive home in University Village because it was the model home and originally listed at $1.7MM... Read more »

By Gary Lucido,
June 27, 2010 at 7:59 am

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Sellers Of Large University Commons Lofts Unrealistic

A few months back I wrote about how dreadful home sales were going in Chicago’s University Commons development. At the time, there was a huge proportion of short sales and foreclosures dominating the recent sales activity there and sellers were finding themselves taking significant losses on their homes. So, with the recent surge in activity... Read more »

By Gary Lucido,
May 10, 2010 at 1:55 pm

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