East Randolph Street » foreclosure http://www.erandolph.com Observations and insights into real estate happenings along E. Randolph St. in downtown Chicago Tue, 31 Jan 2012 19:05:55 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 5 N Wabash 1 bedroom plus den foreclosure is under contract http://www.erandolph.com/5-n-wabash-1-bedroom-plus-den-foreclosure-is-under-contract/682 http://www.erandolph.com/5-n-wabash-1-bedroom-plus-den-foreclosure-is-under-contract/682#comments Tue, 09 Aug 2011 21:04:38 +0000 Kristine Chen Frost http://www.erandolph.com/?p=682 I noticed this foreclosure 1 bedroom plus den with around 1,140 square feet, washer and dryer in the unit, there are no amenities in the building. But 5 N Wabash is in a great location with walking distance to the EL, shopping, restaurants, grocery stores, etc. This unit was listed for $171,900, the similar unit was listed for around $225,000 which is 10 floors higher. So if we use $500 per floor, that means this foreclosure unit should be listed for $220,000. So it is listed around 78% of the regular listing price. Normally you can not really negotiate for the foreclosure deals, so that means, I will assume the buyers offered at $165,000 and if the regular sale could go down to $200,000, which means that the foreclosure property is around 17% less than the regular listed property. So this is a really great deal!

]]> http://www.erandolph.com/5-n-wabash-1-bedroom-plus-den-foreclosure-is-under-contract/682/feed 0 Just closed foreclosure one bedroom at the 222 Columbus Dr – unit 2807 http://www.erandolph.com/just-closed-foreclosure-one-bedroom-at-the-222-columbus-dr-unit-2807/313 http://www.erandolph.com/just-closed-foreclosure-one-bedroom-at-the-222-columbus-dr-unit-2807/313#comments Tue, 06 Oct 2009 14:23:26 +0000 http://www.erandolph.com/?p=313 This one bedroom has just closed yesterday, with the listing price of $199,000 and the closing price of $195,ooo. This price is about $100,000 lower than the people paid in 2007. I have showed this unit to a potential buyer, the unit looks nice, although it is a foreclosure, it has maintained very well, even cleaned it very well. This one bedroom has around 700 square feet, with new kitchen and new bathroom, washer and dryer in the unit. This buyer really got a good deal!

]]> http://www.erandolph.com/just-closed-foreclosure-one-bedroom-at-the-222-columbus-dr-unit-2807/313/feed 0 Showing for 1+den at the Parkshore – 195 N Harbor Dr http://www.erandolph.com/showing-for-1den-at-the-parkshore-195-n-harbor-dr/278 http://www.erandolph.com/showing-for-1den-at-the-parkshore-195-n-harbor-dr/278#comments Thu, 20 Aug 2009 16:14:16 +0000 http://www.erandolph.com/?p=278 This is a foreclosure unit, with 1 bedroom plus a den, total square feet is 1,140.  It is overlooking the Navy Pier, the lake and north shore line.  Although it is a foreclosure, there is no damages in the unit, actually it is pretty clean. All the appliances looks good too! The listing price is $267,ooo. Other similar units in the building  were sold for $440,ooo or above in the last 2 years, there is no current year sale in this tier so far.

Jason Shapiro has the listing, see more pictures and virtual tour here .

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