Tag: price reductions

Fifteen Oak Park two- and three-bedrooms at and under $100K

Stable, leafy, sought-after Oak Park hasn’t been immune from the price devastation that’s plagued condominiums in many of Chicago’s suburbs. A search for two-bedroom or larger properties in Oak Park priced at or under $100,000, for example, surfaces fifteen choices. Eleven 2-bedroom, 1, 1 ½ and 2-bath condos are priced from $46,800 to an even... Read more »

Does the Case-Shiller Index apply to Geneva?

Geneva is a small town that appears to have been sent to charm school and graduated at the top of its class. It has a charming near-downtown area that oozes “leisurely lifestyle” vibes, a thriving arts community, a diverse array of locally-owned, one-of-a-kind shops and boutiques, and enough restaurants to satisfy almost every variety-seeking palate.... Read more »

From the $700s to the $600s to the $500s in Downers Grove

The many-gabled 4-bedroom, 3 ½ bath newer home at 4529 Pershing Rd in 4529 Pershing Rd sold for $742,000 in October of 2005. It resold for $605,000 in July of 2008. In another notch down, it recently came on the market as a short sale for $520,000. According to the listing copy, the home has... Read more »

Resales not so sweet in Sugar Grove – for sellers

Sugar Grove is one of the smaller exurban Chicago communities that rocketed upwards in population, growing from 3,909 people in 2000 to 7,958 in a 2005 special census and 8,997 in the 2010 census. The Chicago Metropolitan Agency for Planning’s revised forecast expects the population to more than triple by 2040. At one point CMAP’s... Read more »

Prices being mauled at Mill Crossing in Naperville

Prices have fallen substantially in the past 5 years at Mill Crossing, a condo development in Naperville. But then, that’s been the story throughout suburban Chicagoland in recent years. There appear to be some genuine bargains available these days to anyone who’s considering the condo lifestyle, with rent vs ownership calculations beginning to strongly favor... Read more »

An Oak Park 3-bedroom for $54,900

As recently as November of 2007 the 3-bedroom condo at 336 N Austin Blvd in Oak Park merited a mortgage that was nearly three times the recently-reduced asking price of $54,900. That mortgage went into foreclosure and the property is now for sale through FNMA’s HomePath program. The condo is in a 19-unit vintage greystone.... Read more »

Home prices in western suburbs fall less than in other Chicago regions

The Wall Street Journal has a useful interactive map of home price declines – from peak levels – presented on a map by ZIP Code. The color-coding on the map instantly makes clear that there’s been wide variability in price declines among Chicago’s regions and ZIP Codes. That fact helps put the widely-watched Case-Shiller data... Read more »

Come-on pricing or a screaming deal on a Bolingbrook townhome?

The price of a 3-bedroom, 1 ½ bath townhome at 459 Yorkshire Square in Bolingbrook has just been reduced from $153,000 to $40,000. The property had been on the market for nearly 8 months. The listing description says “make an offer today. This is a bank-approved short sale. The owner is entertaining all offers.” My... Read more »

$300K price drop on Frank Lloyd Wright home in Oak Park

  When Mike Scotty wrote about Wright’s George Furbeck home here last July, it was priced at $1,100,000. The 5-bedroom, 3 ½ bath home at 223 N Euclid Ave was taken off the market last September and has recently been re-listed at an asking price of $799,900. Coldwell Banker’s Vana Kikos has the listing.

Bensenville seeks a mulligan on TIF district

If you’re looking for easy access to O’Hare Airport and Chicago’s expressway grid in your next home, it doesn’t get much better than Bensenville. And, if you’re looking to your municipal government as a source of entertainment it also doesn’t get much better than Bensenville, as you read between the lines in this Trib Local... Read more »