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Goose Island : Real Estate Advice

  • All18
  • Local Info5
  • Home Buying5
  • Home Selling0
  • Market Conditions1

Activity 15
Mon Jan 15, 2018
Madi Chi answered:
I lived in that area for many years (just moved last month December 2017) . I know exactly where this building is and have viewed similar ones in that area. It is nice .
I have to disagree that the Kinzie street Jewel is a comfortable walking distance from this property . Especially when carrying groceries or in bad weather.
Rumor is that a Treasure Island grocery is supposed to be going into a new building that was just recently completed . It would be a block from the Chicago ave , Ogden and Milwaukee aves' intersection.
I did mostly Amazon prime groceries while living there . I liked many things about this area , but there is currently not a lot of choices for shopping , restaurants ,bars,etc.(imho), as other neighborhoods in that price range, unfortunately.
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1 vote 3 answers Share Flag
Tue Oct 21, 2014
Howie Andron answered:
What property are you inquiring about?
0 votes 6 answers Share Flag
Mon Apr 14, 2014
Richard Mell answered:
http://www.transitchicago.com/alerts/
0 votes 7 answers Share Flag
Tue Apr 8, 2014
Jeff Nobleza answered:
It's public knowledge. You can look it up on one of a few Cook County websites.
0 votes 1 answer Share Flag
Wed Feb 26, 2014
Bill J Deligiannis answered:
Is it convenient for your work/school/social/family life? If yes, then visit the area at different times of the day/night and see how you feel
0 votes 11 answers Share Flag
Thu Dec 12, 2013
Mike answered:
Interview each of them. Work with the agent/broker that you feel most comfortable with.
0 votes 19 answers Share Flag
Thu Dec 12, 2013
Joe Schiller answered:
a rental property in that area always rents quickly and for a good price
0 votes 6 answers Share Flag
Fri Nov 29, 2013
Michael Rosenblum answered:
Hello:

I sold unit 202 and 302 in the building this year. Feel free to contact me if you'd like further information.
I know the area well; sold over 200 homes in River North.
0 votes 11 answers Share Flag
Wed May 8, 2013
Jack Lewitz answered:
I remember I told my wife that I would pay for island vacation and she could choose between Goose island or Blue island for the vacation.

Jack Lewitz
Il real estate specialists
708-309-5334

Motto" making life simpler"
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0 votes 10 answers Share Flag
Fri Apr 19, 2013
Bill J Deligiannis answered:
Work with a Realtor to avoid any internet unreliabilty.
0 votes 14 answers Share Flag
Thu Apr 18, 2013
Randall Lancaster answered:
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Wed Apr 17, 2013
Accurate Inspections & Consulting answered:
And I thought I was the really jaded one. Nice to see someone as pessimistic about NC as me. Good going Seth.
Is it possible to build NC split face block buildings properly, Yes.
However, a majority of NC, i.e. CMU, split face block, cement block, whichever term you want to use is not built properly. Yes there are differences in the material but it is essentially the same thing.
Part of the problem is this is essentially limited lifespan strip mall technology that should have never been allowed in our climate.
When built in the right way with all the proper components the structures can work well enough and not have any more issues generally than other types of buildings. Unfortunately, building them properly with the right components costs more money, which we all know developers don't want to spend. I've done construction inspections and witnessed guys first hand doing it 'designed to fail'.
We have a working group that is slowly working on putting together new, higher standards for this type of construction in the City. A number of us have had discussions with Aldermen and City officials about this over the years with little success. I also have an article about this subject on my website. Preferably we'd love to see CMU banned in the City but that will never happen.
If you are looking at these types of buildings for a Condo purchase, I suggest you pay attention to the building itself more, rather than just concentrating on the pretty granite and soaker tub. Water intrusion into the building is common and structural failures have occurred. There are some 'decent' CMU buildings out there. Newer construction ones coming on the market have been improved upon over stuff that was built during the 'anything goes' boom. You could do ok, you could end up not doing so well.
For a new buyer the most common issues are water intrusion, poor conditions and additional investment costs. Many times new condo associations get stuck with big remediation bills in the first 2-5 of ownership.
For those who think I am being harsh, believe me when I say I am working very hard at toning it down. Whatever you do as a buyer, hire a good inspector from the City who deals with these types of properties. Stay away from the checkbox idiots who come in from the suburbs and have no idea what they are looking at.
Good luck
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0 votes 13 answers Share Flag
Thu Jan 3, 2013
exdus235 answered:
Fri Nov 12, 2010
John Wyman answered:
It is a fantastic area, but yes, a bit of an island. The key to whether or not it is "worth it" is based upon your expected timeframe for owning the home. In this market, unfortunately, I caution any buyer to have a 5 year plan of ownership, whether that means owner-occupancy or investment. 689 Peoria is a nice project but your pricing must reflect what others may be asking for their re-sale units. Developers are getting pretty reasonable and very aggressive so you might be surprised what they will take. The good thing for you is that the entire block was basically done at the same time, and by the same developer, so you can be patient and see if the coming weeks bring you a more motivated seller (job move, kids, marriage, etc). It is a great area with a lot of growth potential along Milwaukee, Chicago, and Grand. Great public trans and only 1 stop to downtown. I don't think that area will experience a huge number of foreclosures, although you will see some. Also, these buildings were mostly built after the worst of the exotic mortgages were no longer around, and investor buyers not allowed to purchase. The price points typically mean that your neighbors are professionals, w/ high-paying salaries or dual incomes. ... more
0 votes 3 answers Share Flag
Tue Sep 8, 2009
Cherrie Catama-Smith answered:
I know exactly which condos that you have in mind. If I am not mistaken I believe the ones you are referring to are on Racine. These places are available at a steal. These listings are requesting cash only due to the circumstances of the building and association. Lenders will not lend money on properties with a lis pendens, in receivorship, or lacking an association. Unfortunately this complex falls in all of the above. Let me know if you need any further info. Ill be happy to help!

Cherrie
cherrie@newmanrealtyillinois.com
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