Near North Side : Questions & Answers

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Ryan Gossett, Real Estate Pro in Chicago, IL
Ryan Gossett answered:
Need 2 bed/2 bath in G Coast/River N area for 5 months out of the year. Plan on this for next 10 yrs. Would you buy or rent furnished for 5 mos.?
I would definitely buy, if we can find you something that offers same quality of life for less. Let me know if you want me to try.
Best,
Ryan Gossett
Ryan@atproperties.com
0 votes Share Flag Sat Nov 5, 2011 Home Buying in Near North Side
George C. Pa…, Real Estate Pro in Raleigh, NC
George C. Patrick III answered:
what is a 2-2-2 program? Is there a brochure or explanation as to how this worked at 10 E. Ontario and North LaSalle condo projects?
Without having more specifics from you I will respond with what I think you are referring to. 10 E. Ontario was converted to condos by American Invsco. As I recall a few years back they ... more
0 votes Share Flag Tue Sep 28, 2010 Foreclosure in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
We are looking at 4 buildings; 10 E Delaware, 25 E Superior, 21 E Huron, and 2 W Delaware--all pretty new. Any pros/cons on these? We want 3 beds,
I tell clients to avoid new construction/conversions that were started during the bubble years because the cost/revenue projections went out the window when the market changed. Do not b ... more
0 votes Share Flag Wed May 29, 2013 Home Buying in Near North Side
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
What is the risk in buying in a mixed income building, Parkside of Oldtown to be specific?
It is difficult to get a loan in these buildings because of the CHA units there. Many lenders will not do a loan there but there are lenders who will. The only real downfall is resale i ... more
0 votes Share Flag Wed Dec 3, 2014 Home Buying in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
What is NOT good about 55 E Erie bldg?
Not having any real clue as to what values really are or what they might be going forward is probably one of the big unknowns. This is an extremely difficult market for this price point ... more
0 votes Share Flag Sun May 9, 2010 Home Buying in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Whats the deal with 2 e oak? Is there a special assessment coming or levied? Saw a condo with water damage from the BLDG CENTRAL UNIT? under repair?
Nothing too dramtic to report on the building. I had a listing there recently. The building was not talking about any specials and I do not believe they have any major projects needed t ... more
0 votes Share Flag Fri May 7, 2010 Home Buying in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
What is NOT GOOd about 111 W Maple condo building?
I am not aware of anything really negative about the building although some of the units are rather small and non functional. Others are fine.


philip
0 votes Share Flag Fri Apr 30, 2010 Home Buying in Near North Side
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
What are the pros and cons of the condos at 240 E Illinois?
I like this building. Although, we as agent cant comment on safety, I can tell you there is a doorman for the building. If you are questioning the safety check out chicago crime by bloc ... more
0 votes Share Flag Thu Feb 25, 2010 Home Buying in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
In general, what type of high rises are considered more sound-proof--vintage buildings, 60s-70s buildings, or new construction?
I do not think there is a clear answer. It really depends on the building. VIntage buildings probably are consistantly built better with respect to soundproofing in terms of high rise, ... more
0 votes Share Flag Tue Jan 19, 2010 Home Buying in Near North Side
Daniel Cullen, Real Estate Pro in 60607
Daniel Cullen answered:
What is NOT good about 900/910 N. Lake Shore Drive bldgs.? Old, etc...
If you're referring to the Mies Van der Rohe buildings on LSD then one thing that leaps to my mind is that the windows (and there are a lot of windows!) are single-glazed and relat ... more
0 votes Share Flag Thu Oct 13, 2011 Home Buying in Near North Side
Jennifer Ames, Real Estate Pro in 60614
Jennifer Ames answered:
Is buiding The Spire definitely back on? What is the time frame for completion? How will it affect propert prices in its neighbourhood?
Not likely! According to Crain's Chicago Business on December 21, 2009 they cannot get funding.

http://www.chicagobusiness.com/cgi-bin/mag/article.pl?articleId=32828

I would ... more
0 votes Share Flag Fri Jan 8, 2010 Home Buying in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
i like to buy aparntmen over 70 floor
That does limit the choices. The Hancock comes to mind. Would you like to receive a list of properties that qualify?

philip
0 votes Share Flag Sun Jul 7, 2013 Foreclosure in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
What is your opinion about the 680 Lake shore Drive building ?
What's wrong with the values in the building? Is the neighborhood deteriorating:) The units are very spacious with charachtor you do not commonly find. Some of the views are great ... more
0 votes Share Flag Sun Mar 9, 2014 Home Selling in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
Any foreclosures or auctions within a half mile radius of NW Memorial hospital in Chicago?
Prices have come down in ALL buildings in the downtoewn area, but perhaps not as much as you might like. I do not knoww what your deffinition of 'bargain' is, but there are so ... more
0 votes Share Flag Thu Jun 6, 2013 Foreclosure in Near North Side
Philip Sencer, Real Estate Pro in Chicago, IL
Philip Sencer answered:
What is your opinion about 900/910 N. Lake Shore Drive bldg.?
It's financially sound with over 1M in reserve. Many of the units seem to need updating and some do not have a view (but many others have a great view). There is no exercise room i ... more
0 votes Share Flag Sun Jul 15, 2012 General Area in Near North Side
Sandra Matson, Real Estate Pro in Chicago, IL
Sandra Matson answered:
Is there an annual income limit one must fall under to qualify for the first time home buyer's credit?
JB.

Here is the information from my blog regarding income limitations.

There are income guidelines on the credit. Individuals with an adjusted gross income up to $75,000 (or $150 ... more
0 votes Share Flag Tue Oct 6, 2009 Home Buying in Near North Side
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
I am planning to buy a condo in a building which just had a big special assessment recently The Seller is paying the special prior to closing, but
You should read my blog on the subject which you can find on my profile.

In the meantime, look at it this way...

Would you rather find out there's a problem with a car you� ... more
0 votes Share Flag Mon Sep 14, 2009 Home Buying in Near North Side
Nike (Nikki)…, Real Estate Pro in Beverly, Chicago, IL
Nike (Nikki) Fasanya, aka Nike Knows Mortgages! answered:
What credit score does one need and what type of income for let's say $150,000 condo?
The minimum score as at today is620 to get a loan. A lot of other factors are considered though, in the approval process.
If you don't want a generic answer, you may want to call a ... more
0 votes Share Flag Mon Jul 27, 2009 Home Buying in Near North Side
Maria Clark, Real Estate Pro in Chicago, IL
Maria Clark answered:
What credit score does one need and what type of income for let's say $150,000 condo?
Are you a first time home buyer? If so, Did you check Freddie Mac and Fannie Mae's web site? There are tons of incentives that can help you. Let me know if you need any thing else.

... more
0 votes Share Flag Thu Jul 23, 2009 Home Buying in Near North Side
Chuck Stupar…, Real Estate Pro in Oak Brook, IL
Chuck Stuparits answered:
How would I get an idea of the value of the 600 sq.ft. terrace that provides a unique access to the pool.
I recently sold a listing @ 5510 N. Sheridan Rd. witha 600 SF terrace, albeit not to a pool, just a private terrace for the penthouse unit and it was $35,000 more than the other penthou ... more
0 votes Share Flag Tue Aug 11, 2009 Financing in Near North Side
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