Archive for August 2010

Sign of the times: Entire new-construction condo building in Pilsen goes up for sale

Pilsen’s always a fun topic around these parts, and one that we haven’t spent nearly enough time with this year. Today I pulled up the neighborhood’s current listings, and one property immediately stood out — a multi-unit building at 1621 S Carpenter St, priced at $1.96 million. That address sounded awfully familiar, and that price... Read more »

South Loop rental trends: 60616 surpasses 60605 in condos listed for rent

For the first time since we started tracking homes listed as rentals in the MLS, the number of homes available in 60616 (bounded by 16th, 35th, and Halsted streets, and the lake, and including the southern portions of the South Loop, Chinatown, and parts of Pilsen, Bronzeville, Armour Square, and Bridgeport) now exceeds the number... Read more »

Homes for sale, more for rent, at Terrazio in the South Loop

So Sedgwick Properties builds some condos in the South Loop, taps Jameson to sell the homes, and eventually, after activity slows to a crawl, Koenig & Strey steps in to market several homes concurrently as rental units. Sound familiar? It might, if you kept up with Sedgwick’s Marquee high-rise over the past year or two.... Read more »

New listings priced near half a million in seven Chicago neighborhoods

Yesterday afternoon I pulled up a list of homes priced at or near $500,000 (a range of $490,000 to $510,000, if you must know), that have been on the MLS for no more than 30 days. Here are seven examples of homes currently on the market for a half-million in neighborhoods spread across the city.... Read more »

Adams Sangamon Park opens in Chicago's West Loop

This weekend alderman Bob Fioretti and several community groups will celebrate the grand opening for Adams Sangamon Park, located at (where else?) the corner of Adams and Sangamon Streets in the West Loop. It’s no secret that the park is already open and, from the looks of things, already well-received by the neighborhood. On Thursday... Read more »

Checking in on Avondale: What's for sale (and what's sold) in one Northwest Side neighborhood

Avondale! Let’s say you want to live there, because it’s Chicago’s next hot ‘hood (or at least it was until RedEye decided it wasn’t), but you don’t know the first thing about what prices are like in the area. Don’t fret — using Coldwell Banker‘s rental search and Redfin‘s spreadsheets of homes for sale, I... Read more »

High-priced condo resales emerging at The Elysian

A lot of the flip attempts at the Elysian, 11 E Walton St, have come with significant markups — as much as 33 percent above an original sale price in one instance, according to Cook County records. Another Elysian condo went back on the market this weekend, and although it too is priced above its... Read more »

New construction condos still popping up in Albany Park

Residential construction hasn’t hit a stand-still just yet, not even in a neighborhood like Albany Park. All six condos at 3300 W Lawrence Ave finally reached the MLS last week, at prices in the $290s to $300s for three-bedroom / two-baths and the $300s for two-bedroom / two-bath top-floor units. (One three-bedroom was listed all... Read more »

Roscoe Village condos and single-families: Low to high, new to old, and more

View Roscoe Village, 8/9/2010 in a larger map Looking for a home in Roscoe Village? Here’s a sampling of what you’ll find for sale today: Lowest price: $239,900 for Unit 1N at 3237 N Oakley Ave. Two bedrooms, one bath, in-unit washer / dryer, fireplace, built-in bookshelves, crown molding, hardwood floors throughout, and extra storage.... Read more »

Inventory of condos for rent in downtown ZIP codes on the rise

Most Fridays we record the number of condos listed for rent in 14 downtown ZIP codes. For the longest time we noticed a very consistent downward trend in availability, as the number of homes for rent dropped from almost 2,000 immediately after Thanksgiving to just under 1,300 by mid-June. What we’ve seen lately, however, is... Read more »