3. The finest Drake Tower co-op we've laid eyes on found a buyer this week at $1.7M, only $50K off the June asking price. The 3,225-square-foot 2-bed holds down a sweet spot on the 11th floor, with views north and east and an uncommon lake-facing balcony. Museum-like interiors bring exquisite hardwood floors, wallpaper, built-ins, a library, wood-panelled eat-in kitchen, and even a good ol' Victorian wooden toilet.
2. Here's one flip that didn't fly to perfection. One of Kenwood's savage beauties, we've tracked this 1889 seven-bed from a 2010 listing to a 2012 sale and its 2013 re-listing at a $625K markup. An exhaustive redecorating and enhancement of an already stupendous 4,700-square-foot house (including a new deck and backyard astroturf) made for far sexier photos in the June re-listing, and the home resold quickly. However, the closing fell to $1.815M or $290K above last year's purchase price. No telling what sort of profit that yielded our flipsters.
1. We're not entirely sure this extreme Lincoln Park contempo wants to exist in the 21st Century. Its cyborg exterior softens only slightly within, though there's a lot of inherent good in high ceilings, towering windows, kitchen-adjacent conservatory, and enormous marble master bathroom. Built in 1992, the place registers 8,000 square feet, with five beds and five baths. There's also a two-tier outdoor wonderland w/ jacuzzi tub and an attached heated 3-car garage. But the real news lies in the closing price: $2.05M— virtually half the initial 2007 ask of $3.95M.