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Clybourn Point Condo Returns To Market $100K Below '08 Price

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Ever drive through Cabrini Green at night and notice a ribbon of rainbow-colored light in the middle of the desolate landscape? That's Clybourn Point, a sharp-edged, six-unit building at the corner of Clybourn and Larrabee, and the ribbon of light comes from a strip of LEDs that run up the the corner. An 1,800-square-foot 3BD, 2BA unit on the building's second floor recently came back on the market this for $474,900 — about $100,000 less than it sold for in 2008. Architect-developer Rada Doytcheva built Clybourn Point in 2007, describing it as a 'sensitive, sustainable design' in an interview with YoChicago (the LEED-certified building has solar panels to power common areas and a green roof). The development sold out a few years ago, and it won a Good Neighbor award along the way, but that doesn't appear to be boosting the resale value of this particular condo.
· Listing: 1322 N. Clybourn Ave. #2N [Prudential Rubloff]