31 March 2010 ? There is no doubt about it, Chicago is a condo kind of town. With an estimated 260,000 condo units in approximately 12,000 buildings, Chicago ranks as the nation?s 3rd largest condo market. 2009 saw 10,070 condo units sold, which is a 20% decrease compared to the 12,596 units sold in 2008. […]
Author Archives | Nancy Gaspadarek
More Chicago Condo Comparison
Written by: Nancy Gaspadarek - March 24, 2010
24 March 2010 ? Last year, prices for condominiums ranged from $4,000 for 1,200 sq ft in South Chicago to $5 million for a 5,000 square foot penthouse in the Gold Coast. The 2009 median sale price of a condo citywide was $270,000 which represents a 13% decline compared to 2008 prices. Last week, I […]
More Information on Condo Sales in Chicago
Written by: Nancy Gaspadarek - March 17, 2010
17 March 2010 ? Did you know that at any given time, there are approximately 10,000 condos actively for sale in Chicago? Annually, between 10,000 ? 20,000 condo units are sold in the Windy City. That represents about 2% of the 900,000 condos & co-ops bought and sold across the entire country. In 2009 the […]
2010 Chicago Condo Market? Not Too Bad!
Written by: Nancy Gaspadarek - March 10, 2010
Comments Off on 2010 Chicago Condo Market? Not Too Bad!
10 March 2010 ? Many people are wondering how the condo market is doing so far in 2010. In short, not bad! Here we are, only two months into the new year, and according to figures generated by MRED, our regional Multiple Listing Service, condo sales are off to a strong start compared to 2009. […]
Written by: Nancy Gaspadarek - March 3, 2010
Comments Off on
3 March 2010 Campaigning for more Wal-mart stores continues as store closings & job losses rise. This time, with the Lord on their side. The Chicago alliance of just over 200 ministers representing a congregation of over 100,000 plan to put the pressure on Mayor Daley to grant approval for construction to start on a […]
Distressed in the Gold Coast!
Written by: Nancy Gaspadarek - February 17, 2010
Comments Off on Distressed in the Gold Coast!
17 February 2010 ? For nearly 100 years, the prime piece of real estate that was once home to Edith Rockefeller McCormick, located at the intersection of Michigan Ave, Oak Street and Lake Shore Drive has been known as 1000 Lake Shore. However, much to the aggravation of the residents, the U.S. Postal Service sent […]
River North to Get New Hot Spot
Written by: Nancy Gaspadarek - February 3, 2010
Comments Off on River North to Get New Hot Spot
3 February ? For those who enjoy rotisserie chicken grilled over a charcoal fire, there will soon be a new hot spot to enjoy in River North as of March 2010. In Edgebrook, similar to that of a Brazilian steak house, George Elbekai, (who was the first General Manager of Bob Chinn?s Crabhouse before it […]
City of Chicago to Subsidize Mixed Income Housing Near Cabrini-Green
Written by: Nancy Gaspadarek - January 13, 2010
Comments Off on City of Chicago to Subsidize Mixed Income Housing Near Cabrini-Green
13 January 2010 ? City bail out:: The fledging 263 unit mixed-income condo development, Parkside at Old Town, is getting a little help from the Daley administration. Unable to pay off its construction loan this past December, developer Peter Holsten was able to sidestep a potential $32 million loan default with Chase Bank by securing […]
EcoLogic Units Auctioned, Foreclosure Suits Still Pending for Senne
Written by: Nancy Gaspadarek - December 30, 2009
Comments Off on EcoLogic Units Auctioned, Foreclosure Suits Still Pending for Senne
30 December 2009 ? William Senne, a prominent Chicago condo developer, recently made a splash by criticizing rival developers who slashed their prices. Now, Senne is pursuing a similar tactic. His proposed ?green building? named EcoLogic and containing 94 condominium units near the intersections of Damen, Fullerton & Elston was to feature a rooftop garden, […]
Lincoln Park Hospital to get $25 Million Facelift
Written by: Nancy Gaspadarek - December 17, 2009
17 December 2009 ? There looks to be new life for Lincoln Park Hospital. North Side developers Richard Zisook & Michael Supera recently took title to the five-building complex located at 550 W. Webster (at the intersection of Geneva Terrace, Lincoln Avenue, and Webster Street). This action ended a $31 million foreclosure case against the […]
Jam Productions Buys Uptown Theatre for $3.2 Million
Written by: Nancy Gaspadarek - November 18, 2009
Comments Off on Jam Productions Buys Uptown Theatre for $3.2 Million
18 November 2009 ? Concert promoter Jam Productions Ltd has added another music venue to its growing portfolio. On Tuesday, the historic Uptown Theater, located on the 4800 block of north Broadway, was purchased for $3.2 million in a court ordered foreclosure sale. The sale must be court approved, however Jam does not expect any […]
Death and the Gold Coast: Columbarium Suggested for the Exclusive Chicago Neighborhood
Written by: Nancy Gaspadarek - November 11, 2009
Comments Off on Death and the Gold Coast: Columbarium Suggested for the Exclusive Chicago Neighborhood
11 November 2009 ? The Three Arts Building located at 1300 N. Dearborn may be turned into what some are calling the Midwest?s largest columbarium. Don?t? have a dictionary handy? This columbarium will have enough space to store the ashes of up to 15,000 dearly departed residents. Built in the early 1900?s, and designated a […]
The Difference Between Short Sale and Foreclosed Properties
Written by: Nancy Gaspadarek - November 5, 2009

I frequently get asked the difference between a short sale and a foreclosure / Real Estate Owned (REO) property. Buyers in today?s market who are cash heavy and have a flexible time frame may be in the best position to purchase one of these foreclosed properties.
Written by: Nancy Gaspadarek - March 31, 2010
Comments Off on Chicago Is a Condo Town