Chitownproperty

River North one bedroom

Price: $249,500 + 20K parking
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Outstanding one bedroom in the heart of River North. This unit has great space with an open kitchen complete with granite, maple, stainless and breakfast bar. The floor to ceiling windows overlook the new park that was recently built on the Chicago River. The unit also has brand new hardwood floors, washer/dryer, and a walk-in closet. Building features include an outdoor pool and sundeck, doorman, workout room and more. The monthly assessments include all this plus heat, air and cable. Deeded garage parking is available for only $10K! This is a fabulous home at a great value in a fantastic location.

Wacko world of willfully weak market — chicagotribune.com

Are homeowners still in denial about falling home values, or have they learned to be realistic? It depends who you ask, naturally. Mary Umberger tells us that Zillow.com thinks homeowners are in denial, not surprising for a company whose business model is based on the presumption that it knows how much your home is worth better than you. On the other side, a study by Reuters and the University of Michigan finds that just less than half of homeowners–twice as many as last year–think that their home has declined in value.

We’ve found that the degree to which sellers are flexible about asking prices depends on their urgency. Those who are just testing the waters, or haven’t even started shopping for a new home yet, are more willing to stick to their dream price. Those whose home has been on the market for a long time, have already purchased a new home contingent upon the sale of their current one, or need to relocate, are more flexible.

We hate to use the term “realistic” about describing how someone determines an asking price, because that implies that holding out for a certain price is always bad, even if time and urgency allow. Some sellers can afford the risk of longer market times in turn for getting a higher asking price. But others need to sell within a certain time period, and those people need to be the most flexible and willing to adjust their expectations according to their circumstances.

Lakeview 3 bedroom with massive deck

Price: $439,000
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Exceptionally wide 3 bedroom, 2 bath condo in an intimate elevator building in the heart of Lakeview. A huge 21×23 foot living/dining space with pristine hardwood flooring and wood burning fireplace with custom mantle, perfect for entertaining. The elegant gourmet kitchen is finished with 42” maple cabinets, spacious granite counters and stainless appliances. This home includes 3 large bedrooms with 2 luxurious spa-like marble bathrooms with whirlpool tub, separate shower and double bowl sinks. This is the only condo in the building with a 20×40 foot private deck, big enough for any gathering. This home has been freshly painted throughout, ready for a new buyer. Enormous closets and garage parking complete this fantastic and well -priced home!