In what is believed to be the first foreclosure case of a completed Evanston condo project, Northbrook Bank & Trust “is seeking to foreclose on the 38 unsold units in the Grand Bend at Green Bay,” according to a news report in today’s ChicagoRealEstateDaily.com.
The Grand Bend has sold only 11 units of the finished six-story building at the southwest corner of Emerson Street and Green Bay Road. The developer, Northbrook-based Ferris Homes Inc., allegedly has failed to make payments on 2005 construction loans. Northbrook Bank is suing for $13.5 million.
The nearby Sienna development competed with Grand Bend. Sienna, a four-phase 120-unit development, only completed two phases. The developer, Roszak/ADC, had filed a request with the city last year to build a hotel and rentals for the final two phases. That request was never pursued and now the developer is selling the project for $9,500,000.
Today’s Closed Properties
1015 Madison #102 – Evanston – $130,000
3815 Enfield – Skokie – $170,000 (foreclosure)
023 Lincoln – Skokie – $220,000
1740 Oak #304 – Evanston – $235,000
5055 Madison #206 – Skokie – $239,000 (foreclosure)
7843 Tripp – Skokie – $250,000
830 Michigan #3E – Evanston – $262,000
4542 Howard – Skokie – $272,500 (foreclosure)
1700 Second – #201 – Highland Park – $275,000
5334 Oakton – Skokie – $275,000
4149 Church – Skokie – $285,000
29542 Birch – Lake Bluff – $364,000 (foreclosure)
3123 Wilmette – Wilmette – $380,000 (short sale)
9546 Springfield – Evanston – $410,000
9220 Kostner – Skokie – $410,000
535A Chicago – Evanston – $470,000
3217 Greenleaf – Wilmette – $530,000
265 Poplar – Winnetka – $740,000
475 Jackson – Glencoe – $830,000
1534 Knollwood – Highland Park – $990,000
340 Woodland – Lake Bluff – $1,000,000
331 Linden – Winnetka – $1,250,000
2170 Painters Lake – Highland Park – $1,399,000
Under Contract – (list price=LP)
1807 Dempster – Evanston – $80,000 LP
5416 Harvard Terrace – Skokie – $174,900 LP
4955 Lee – Skokie – $188,000 LP
3375 Sherman Evanston – $210,900 LP
1914 Darrow – Evanston – $219,000 LP
826 Judson #3 – Evanston – $229,000 LP
8330 Lincoln – Skokie – $230,000 LP
7940 Kolmar – Skokie – $245,100 LP
4905 Estes – Skokie – $250,000 LP
8612 Kimball – Skokie – $284,900 LP
1508 Hinman #3D – Evanston – $300,000 LP
1737 Southland – Highland Park – $300,000 LP
5240 Sherwin – Skokie – $310,000 LP
91715 Woods #1201 – Skokie – $325,000 LP
8021 Laramie – Skokie – $339,900 LP
813 Hinman #1 – Evanston – $379,000 LP
7843 Kedvale – Skokie – $379,900 LP
603 Custer – Evanston – $379,999 LP
807 Davis #413 – Evanston – $389,000 LP
501 Oakwood #3B – Lake Forest – $414,900 LP
647 Broadview – Highland Park – $419,000 LP
554 Sterling – Kenilworth – $449,000 LP
351 Washington – Glencoe – $459,000 LP
8137 Keating – Skokie – $470,000 LP
1053 Linden – Wilmette – $535,000 LP
2201 Forestview – Evanston – $575,000 LP
905 Valley – Lake Forest – $575,000 LP
2210 McDaniel – Evanston – $649,000 LP
2447 Lincolnwood – Evanston – $669,000 LP
601 Ridge – Kenilworth – $749,000 LP
360 Edgefield – Lake Forest – $895,000 LP
988 Elm – Winnetka – $899,000 LP
1306 Hilary – Highland Park – $949,000 LP
369 Hawthorne – Winnetka – $989,000 LP
2014 Harrison – Evanston – $1,165,000 LP
327 North – Lake Bluff – $1,299,000 LP
1071 Olmsted – Lake Forest – $1,895,000 LP
420 Saddle Run – Lake Forest – $2,150,000 LP
Based on information from Midwest Real Estate Data for the period April 19, 2009 through April 24, 2009. Listing and solds by various Participants of MRED
For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
Filed under: Foreclosures, News Tagged: | evanston closed properties, evanston foreclosure, evanston properties under contract, evanston real estate, ferris homes, grand bend at green bay, northbrook bank & trust, Roszak/ADC, Sienna development, tim pareti
