I was talking about the two bedroom unit at the 222 Columbus Dr – the Park Millennium, I did not even get a chance to go there to take a video tour yet, then I found out that this unit is under contract on Oct 6, 2011, 7 days after it is listed on the market. I know this unit does not have a view, it is facing northwest, so it is facing the Hyatt Hotel. Since the building does not allow new investors, I would assume that this is bought buy a home owner.
Two bedroom foreclosure is under contract at the 222 Columbus – the Park Millennium
October 11th, 2011 · Uncategorized
→ No CommentsTags: 222 columbus 2 bedroom units sold in one week·Park millennium 2 bedroom units sold in 7 days
Regatta – 420 E Waterside recent sold prices
September 30th, 2011 · Uncategorized
Regatta, the 420 E Waterside is located at the Lakeshore East neighborhood and it is one of the new buildings built by Magellan in 2007. Within the last 12 months, there are 9 units closed, which are sold second hand by individule owners. They are studios, convertibles, one bedroom units, two bedroom units and three bedroom units, close price is between $195k and $1,262k. There are 2 foreclosures and one short sale units within the list, that means the depressed property percentage is 33.3%.
Recently, Regatta has passed a new rule of no new investors could rent out their units anymore, currently their rental ratio is around 43%. They would like to bring it down to 20%.
→ No CommentsTags: 420 e waterside foreclosure units·420 e waterside short sale units·Foreclosure and short sale at the regatta·regatta closed units·regatta recently sold units
450 Waterside – Chandler sold units within the last 12 months
September 30th, 2011 · Uncategorized
There are totally 14 units sold at the Chandler – 450 E Waterside, located at the Lakeshore East neighborhood. There are 9 one bedroom units, and 5 two bedroom units, sold price is between $244,000 and $855,000. Unit 405 sold by owner priced at the $244,000 with a parking space included. One short sale unit 906 closed at the $292,000. One short sale one plus den unit closed at the $340K and one short sale two bedroom unit closed at $430K. So the distressed property closed percentage over the regular sales is 21%. Since all the distressed properties are short sales not foreclosures, then we learned that buyers like to buy at this building as the units get to close before the foreclosure processed. This would help to keep the price at a better level for the building.
Currently there are 6 units for sale, from one bedroom to three bedroom units, priced at $349,000 and $999,900. One of the current units for sale is a short sale unit, which is a two plus den.
Chandler has a renter ratio of 42%, which is getting higher if you want to get a mortgage. But it is workable for most lenders no matter you are an investor or homeowner, just need to put down around 15%.
→ No CommentsTags: 450 e Waterside short sale units·chandler closed units·chandler short sale units
2 bedroom 2 bathroom at the Parkshore for rent – 195 N Harbor Dr
September 28th, 2011 · Uncategorized
This is a two bedroom, two bathroom unit with very nice view to the lake Michigan, the Navy Pier and the Chicago River, at night, the skyline is so beautiful with all the buildings and the lights. Unit features granite counter tops, marble baths, wood floor in the second bedroom and the hall way, the kitchen. This unit has around 1,140 square feet.
Parkshore is a full amenity building with two party rooms, roof deck, roof top swimming pool, gym, grocery store onsite, bike room, onsite management, 24 hour doorman, tennis court and grill.
This unit is listed for $2,100 per month with $200 for parking fees.
→ No CommentsTags: 2 bedroom 2 bathroom for rent at the parkshore·2 bedroom for rent at the 195 harbor·2 bedroom for rent at the Parkshore·Cheapest two bedroom for rent at the parkshore·unit 1701 for rent at the 195 harbor·unit 1701 for rent at the parkshore
One bedroom plus den at the Parkshore 195 N Harbor Dr, has been rented on one day
September 23rd, 2011 · Uncategorized
I have got this listing last Tuesday, it is a one plus den on a high floor with beautiful view to the Navy Pier and the lake, the Chicago River and the north skyline. The unit features granite counter tops, new and high end appliances, new bathrooms, wood floor in living room and tile in the kichen. We had a showing on Wed and then it got rented on the same day. I did not even get a chance to take photos yet!
Parkshore is a very well maintained building with two party rooms, 24 hour doorman, grocery store on site, bike room, tennis court, sun deck and grill. Parkshore is located at the New eastside neighborhood, which has three parks and the lake front sounding it. The new lakeshore east park, the grand park and the millennium park. Since the new grocery store is coming soon, this will help with the neighborhood a lot too!
→ No CommentsTags: 195 harbor for rent·parkshore one plus den for rent·parkshore rentals·parkshore rented one plus den
Three bedroom foreclosure unit at the 420 E Waterside is under contract
September 23rd, 2011 · Uncategorized
There is a three bedroom unit, unit 4114 at the 420 E Waterside listed for $757,350 with two deeded parking spots included on Sep 1st, 2011. I showed to a client and the inside looks new and not been used before, the view is pretty from all rooms, since it is on a high floor, it cleared the views of Chandler overlooking the lake, you do see the air conditioner on top of the Chandler though in the bedroom, but from the living room and other bedroom, you have perfect views to the Navy Pier and the lake. This is a three bedroom and three bathroom unit with around 1,887 square feet.
This unit went under contract on Sep 19th. We need to wait about 30-45 days to find out the closing price for this unit. Currently there are no new investors are allowed to rent out their new purchases in this building. That means you can live there or use as a second home but you can’t purchase and rent it out any more. Since the building has a 43% renter ratio and it will allow new renters when the ratio going down below the 20% range.
→ No CommentsTags: 420 e waterside three bedroom unit foreclosure·new foreclosure is under contract·regatta foreclosure·regatta three bedroom foreclosure under contract
North Harbor Tower current availabe units list – 175 N Harbor Tower
September 13th, 2011 · Uncategorized
24 Hour Look and Lease Special
$300.00 Administrative Fee
$35.00 Application Fee
Save $165
Pets
1 Dog: 40 lbs. and under
$300.00 Fee & $20.00 Monthly
1-2 Cat(s): $250.00 Fee per cat
Studio
#2310 DOG FLOOR! $1380 9/23/11
Convertible
#1904 DOG FLOOR! 530 North View $1430 10/7/11
One Bedroom
#706 DOG FLOOR! $1695
#2315 DOG FLOOR! $1,600
#3001 + Den HUGE Floor Plan $1,710
Two Bedroom
#1013 DOG FLOOR! $2,355
#1713 $2,390
#511 DOG FLOOR! $2,330
Three Bedroom
#2607 DOG FLOOR! GRANITE COUNTER TOPS $3370 10/7/11
→ No CommentsTags: 175 for rent·175 harbor specials·175 N Harbor·lakeshore east north harbor tower for rent·north harbor tower for rent
Foreclosure one bedroom at the 155 Harbor is under contract
August 10th, 2011 · Uncategorized
This is a large one bedroom unit at the 155 N Harbor Dr, facing north east, you could see the lake from the unit, it is around 824 square feet. It was listed in May for 209,900 and reduced to $208,900 on May 31, 2011 and then reduced to $208,500 on June 22nd, 2011, then it went under contract on July 27th, 2011.
This property needs to do some upgrades, such as new carpet, new kitchen, new bathroom, there is a similiar property was listed for $229,770 which is around 10 floors lower than the foreclosure property.
I am not representing either the buyer or the seller of the property, but I would assume the purchase price be around $200K.
→ No CommentsTags: one bedroom foreclosure at the 155 n harbor dr·one bedroom foreclosure at the harbor point is under contract
One bedroom plus den unit 3404 at the 155 N Harbor rented in one day
August 5th, 2011 · Uncategorized
This is a large one plus den unit with around 1,000 square feet with one and a half bathroom. Very beautiful view to the city and lake, navy pier, you can see twice fireworks per week in the summer in this unit.
This unit was rented for $1,600 for the last two years, since the rental price went up this year, I have recommended the owner to increase the price to $1,800 per month. Right after we have posted it on the Internet, I have got 5 calls regarding showings. Got 2 applications in the first day of the showing. The unit was rented for $1,825 per month.
Since the rental market is so hot, I would recommend you to take the application with you and the checks to secure the apartment as soon as you see it.
→ No CommentsTags: 155 N Harbor·harbor point one bedroom plus den for rent·one bedroom plus den at the 155 harbor for rent·one bedroom plus den at the 155 harbor rented in one day·unit 3404 at the 155 harbor for rent
One bedroom facing south at the 450 Waterside is under contract
July 6th, 2011 · Uncategorized
This one bedroom facing south is on a lower floor at the 450 waterside – the Chandler, very nicely upgrade in the unit and very well protected. It was listed on June 20th and then contracted on July 5th. The listing price is $289K with parking additional $40K.
From here we can tell that the market is really doing better as this price is just slightly cheaper than other units, then it is under contract within 2 weeks. So that means the listing agent has priced it right.
→ No CommentsTags: one bedroom facing south at the 450 waterside·one bedroom facing south at the Chandler·one bedroom under contract within 2 weeks at the Chandler
