Downtown Chicago Real Estate news you can use - South Loop real estate

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Contact Ted Guarnero / Baird & Warner

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South Loop real estate

There are currently 5 blog entries related to this category.

Doubling the sales price in 30 days - Really ???

Thursday, December 15th, 2011 at 1:59pm. 981 Views, 1 Comments.

800 S. Wells #501 Price Hike After Short Sale

800 S Wells #501It’s not unusual for a downtown Chicago condo that just came onto the real estate market to catch my eye or grab my attention in some way. Usually, it’s either an upscale residence in the prominent Gold Coast neighborhood or a terrific deal in the neighborhood I happen to live in, which is Streeterville. Today was a little different, however. As I was scanning through the MLS, I noticed 800 S. Wells #501 was just put back on the market with a list price of $250,000. If you’re not familiar with the listing or the location, this particular condo is in the River City building in Chicago’s South Loop neighborhood. I’ll be the first to admit that the finishes in unit #501, which include granite

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One Museum Park Facing Foreclosure

Tuesday, October 25th, 2011 at 2:41pm. 1574 Views, 0 Comments.

One Museum Park in Hot Water, Sales Office Closes

One Museum Park CondosA recent post by Joe Zekas at YoChicago is questioning the serious possibility that the bank may be taking possession of the highly touted Museum Park condo development located at 1211 S. Prairie Avenue in Chicago’s South Loop. Although Museum Campus has been rumored to be under water for some time now and in serious danger of bank repossession, the YoChicago blog also goes on to read that a local Realtor has confirmed the liklihood of foreclosure with Alderman Fioretti’s office. As the bank presumably takes over One Museum Park on November 1st, 1901 S. Calumet (Museum Park Place South) will also be included in the foreclosure suit, with 1629 S. Prairie (The Residences at 1600 Museum Park) not

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910 S. Michigan Ave #1401-List alert

Tuesday, October 18th, 2011 at 1:17pm. 575 Views, 0 Comments.

Intriguing History @ 910 S. Michigan Ave

condos at 910 S. Michigan AveRecently, I wrote a blog about a new listing I obtained inside the historic South Loop building at 910 South Michigan Avenue. That particular condo, 910 S. Michigan Avenue #1201, was a 2 bedroom, 2 bathroom residence with additional den space and tremendous updates that included custom track lighting and beautiful modifications to the custom-built fireplace. Now just a few weeks later, I’ve acquired a similar listing at the Michigan Avenue Lofts, only this time the condo number is 1401. 910 South Michigan Avenue #1401 is also a 2 bedroom/2 bathroom condo that boasts an unobstructed Grant park, Lake Michigan and Michigan ave view, a spacious, wide-open floor plan with an inviting large foyer and angles honey

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910 S. Michigan #1201 Enters South Loop Market

Thursday, September 29th, 2011 at 2:25pm. 892 Views, 0 Comments.

New Listing @ 910 S. Michigan in South Loop

910_s_michigan_aveVery recently, 910 S. Michigan Avenue #1201 has come onto Chicago’s real estate market and should be considered a tremendous value around the South Loop neighborhood. Unit 1201 at 910 S. Michigan Avenue is a clean, recently updated condo with 2 bedrooms, 2 bathroom plus den and a remarkable sun room overlooking Grant Park, South Michigan Avenue and gorgeous Lake Michigan. Plenty of natural light along with newly installed custom lighting in the living room provide excellent lighting throughout the condo and a wall was even removed to allow for a spacious, open concept that includes a formal dining room that’s perfect for entertaining or hosting a dinner party. Some modern and attractive

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1935 S. Wabash & 1454 S. Michigan Under Water

Thursday, August 18th, 2011 at 12:14pm. 633 Views, 0 Comments.

South Loop Condos Staring at Foreclosure

South Loop real estateRecent reports from ChicagoRealEstateDaily.com confirm that two South Loop condo developments are facing foreclosure lawsuits after the developer, Sedgwick Properties Development Corp., first started defaulting on construction loan payments back in July 2010. The first of the Sedgwick properties, 180-unit Terrazio at 1935 S. Wabash, was originally planned strictly as a fee-simple building, but has since been leasing the remaining condos out in order to generate at least some operating income in the midst of the on-going housing crunch. In a separate lawsuit against Sedgwick, Amalgamated Bank of Chicago is seeking to recover what is still owed on a $60 million construction loan issued in 2005 for the 25-story

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