Looking at buying a unit in 5320 N. Sheridan Rd., Chicago.

Chi-girl
Other/Just Looking
60640

Anyone live there or have experience with the building? Opinions?

Answers (2)
Jeff Kropp
Agent
Chicago, IL

There are about ten condos in some state of foreclosure in this building. Like any condo building now, you would want to know everything about those distressed units, which ones have been placed for sale on the MLS, etc. I would only focus on distressed condos in this building if you can find a unit that meets your needs.
Any pro buyer agent has all this info at their fingertips, but essentially you don't want to buy high and see your equity dwindle as more distressed condos come online (its take 13 months in IL for condo to go to auction),

Good luck!

Sun Jun 28 2009, 14:13
Don Yosef Marcus...
Agent
Northbrook, IL
FIRST ANSWER

Great building i believe it was condo converted about 8-10 years ago. Like most other properties it has a few short sales that have brought the values down in the building. You can get alot for your money in this building. If I can be of any further help please let me know.
sincerely yours,
Century 21 MB
Chicago & Northbrook
Don Yosef Marcus GRI,ABR,CREC,SRES

Sat Jun 27 2009, 23:04

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