Near North Side : Advice

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Laura Gaan L…, Real Estate Pro in Chicago, IL
Laura Gaan Lattin answered:
Why are the assessment at the condo so high in the gold coast?
Hello Marilyn,
The assessments are going to vary depending building. Many of the buildings in the Gold Coast are older so the assessments will be higher due to the higher costs associ ... more
0 votes Share Flag Wed Jul 22, 2009 Home Buying in Near North Side
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
Who is solely accountable for the performance of the appraiser they select to write the appraisal?
Jack,

It sounds like you're dealing with a bad appraisal and believe me I feel your pain. The bank is ultimately accountable for the work the appraiser does because it's their money ... more
0 votes Share Flag Sun May 31, 2009 Financing in Near North Side
Kristen Blan…, Real Estate Pro in Andover, MA
Kristen Blanchet answered:
My condo was recently appraised at approx. $40K below what other comp. units have sold for in the bldg. The
Most appraisers will actually only go back 6 months for comps. Check with your registry of deeds and see if any of the units sold fsbo. The appraiser may not have checked and that will ... more
0 votes Share Flag Fri May 29, 2009 Financing in Near North Side
Dp2, Other/Just Looking in Virginia
Dp2 answered:
How much do you expect the new Fannie Mae 70% sold rule to impact the sale in new condo developments?
Although I didn't know about the Fannie Mae 70% sold rule, a business partner and I spoke with a commercial hard money lender on Friday about a scenario similar to the one you're asking ... more
0 votes Share Flag Thu Apr 2, 2009 Home Buying in Near North Side
Eric Marcus…, Real Estate Pro in Chicago, IL
Eric Marcus (773) 244-1110 answered:
I was wondering if anyone knew exactly when the Cabrini Green buildings would officially be torn down? When?
According to a timetable I saw on an old 60 minutes episode, all buildings are slated to come down by the end of 2009. Based on the progress all over town, that sounds about right. Se ... more
0 votes Share Flag Mon Sep 8, 2008 Home Buying in Near North Side, Chicago, IL
Tom McCarey, Real Estate Pro in 60622
Tom McCarey answered:
How do you guys feel about Parkside of Old Town in Chicago?
Maha,

The price is good. The location is great. The construction quality is mediocre. And your resale value is limited. The question is how this meshes with your checklist related to ... more
0 votes Share Flag Wed Oct 26, 2011 Home Buying in Near North Side
M, Other/Just Looking in Florida
M answered:
How long will prices keep dropping in downtown Chicago and what %?
Antonio,

All indications are that Chicago has some room to go south. The inventories remain very high and there are numerous projects still in the works and many that slowed down be ... more
0 votes Share Flag Wed Dec 23, 2009 Market Conditions in Near North Side
Kristin Ande…, Real Estate Pro in Chicago, IL
Kristin Anderson Collins answered:
Does anyone have any recent experience living (as a renter or owner) in 222 E. Pearson? I am considering
Hi Jessicakate,

Check out the link below. It is for apartmentratings.com and I found several reviews for the 222 E. Pearson address.

Hope this is helpful,
Kristin
0 votes Share Flag Tue May 13, 2008 Home Buying in Near North Side, Chicago, IL
Voices Member,  in
Voices Member answered:
Why is 111 W Maple priced below comparable condo buildings in the Gold Coast?
In general, listing agent is the person to slash the listing price, so the unlucky seller hit a big slasher, then the listing price would be low. And, of course, if you are a buyer, you ... more
0 votes Share Flag Sat Dec 20, 2008 Home Buying in Near North Side, Chicago, IL
Carol Nasser, Real Estate Pro in Chicago, IL
Carol Nasser answered:
What's your take on 512 N. McClurg Ct in Streeterville?
512 McClurg is also known as RiverEast Condominiums and is one of a suite of buildings built within the past 5 - 7 years by MCL. This building is 58 stories and some of the homes have ... more
0 votes Share Flag Tue Jun 3, 2008 Home Buying in Near North Side, Chicago, IL
Voices Member,  in
Voices Member answered:
Should I buy a new duplex-up or a turn-of-the-century SFH?
Hello there,

Only you can decide when it comes to style. Would you consider yourself to be a modern/contemporary type? Do you enjoy the look of clean lines or do you lean more towa ... more
0 votes Share Flag Fri Apr 4, 2008 Home Buying in Near North Side, Chicago, IL
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
What is the best way to know the market values, and/or number of the active, pending closed sales in an area.?
Hey Jack

Your best bet is to consult Connect MLS- Do a search and on top of the screen there are two blue arrows which will show you the average.

Best of luck
0 votes Share Flag Thu Jun 6, 2013 Market Conditions in Near North Side
Rhett Damon, Other/Just Looking in Chicago, IL
Rhett Damon answered:
What's going on in River North?
As with anything else... it depends.. but 4 years is a reasonable time to expect a return. RN prices have adjusted down slightly but all in all it's pretty good.
0 votes Share Flag Sun Nov 29, 2009 Market Conditions in Near North Side
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
How many units are currently for sale in 512 N McClurg/River East?
Hi

Currently Feb 6th the MLS shows 25 listings from $220,000-$599,000 including 5 rentals. In terms of REO I have seen more at the 440-480 McClurg building and 345 Lasalle. Feel fre ... more
0 votes Share Flag Wed Feb 6, 2008 Market Conditions in Near North Side, Chicago, IL
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
What's the square footage pricing for new condos in downtown Chicago? Particular developments worth a look?
There's quite an array to choose from in the downtown area especially high-end new construction high-rise buildings. You can find plenty of units for $500 a sq ft but there's a lot of r ... more
0 votes Share Flag Tue Jan 29, 2008 Home Buying in Near North Side, Chicago, IL
Stacy Karel, Real Estate Pro in Chicago, IL
Stacy Karel answered:
I am looking at 345 N. Lasalle in Chicago. There have been many foreclosures in this building. What is going?
Many investors purchased with little or no money down and when their guaranteed rent deals ended and there was not a lot of appreciation in the units.. they let them go to foreclosure.
0 votes Share Flag Tue Jan 29, 2008 Foreclosure in Near North Side, Chicago, IL
Robert Darrow, Real Estate Pro in 33334
Robert Darrow answered:
Smart to buy a studio?
Hello!

Traditionalists will tell you that it's not a good idea to buy a studio or a one bedroom condo, and they're right in 90% of the country. But we have a different dynamic her ... more
0 votes Share Flag Tue Apr 21, 2009 Home Buying in Near North Side, Chicago, IL
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