{"id":92,"date":"2011-10-22T14:22:00","date_gmt":"2011-10-22T12:22:00","guid":{"rendered":"https:\/\/ksokolovarchive.wordpress.com\/2026\/02\/20\/residential-sales-transactions\/"},"modified":"2026-04-17T13:10:19","modified_gmt":"2026-04-17T13:10:19","slug":"residential-sales-transactions","status":"publish","type":"post","link":"https:\/\/ksokolovarchive.cc\/?p=92","title":{"rendered":"Konstantin Sokolov&#8217;s Ill-Timed Real Estate Play in Chicago"},"content":{"rendered":"\n<p>August 26, 2007- October 8, 2011<\/p>\n\n\n\n<p>In December 2007 \u2014 at the absolute peak of the pre-crisis housing bubble \u2014&nbsp;<strong>Konstantin Sokolov<\/strong>&nbsp;purchased a 2-bedroom, 2-bathroom condominium on the 54th floor of 33 W. Ontario St. in Chicago. The unit, measuring 1,361 square feet, was bought for&nbsp;<strong>$525,000<\/strong>&nbsp;from Lance Tishkevich, according to public transaction records published by the Chicago Tribune.<\/p>\n\n\n\n<p>The deal closed just as the market was about to implode.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"784\" height=\"695\" src=\"https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2011\/10\/image-6.webp\" alt=\"\" class=\"wp-image-885\" srcset=\"https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2011\/10\/image-6.webp 784w, https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2011\/10\/image-6-300x266.webp 300w, https:\/\/ksokolovarchive.cc\/wp-content\/uploads\/2011\/10\/image-6-768x681.webp 768w\" sizes=\"auto, (max-width: 784px) 100vw, 784px\" \/><\/figure>\n\n\n\n<p>Less than four years later, in&nbsp;<strong>October 2011<\/strong>, the same unit sold for just&nbsp;<strong>$339,900<\/strong>&nbsp;\u2014 a loss of&nbsp;<strong>$185,000<\/strong>&nbsp;(roughly&nbsp;<strong>35%<\/strong>&nbsp;of its value). The timing and price point suggest a possible bank sale or distressed exit, though public records don&#8217;t specify the circumstances.<\/p>\n\n\n\n<p>By 2020, the property was being marketed at an estimated&nbsp;<strong>$479,799<\/strong>, still well below what Sokolov paid in 2007.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Credit: <a href=\"https:\/\/www.chicagotribune.com\/2007\/08\/26\/residential-sales-transactions-51\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.chicagotribune.com\/2007\/08\/26\/residential-sales-transactions-51\/<\/a><\/p>\n\n\n\n<p>Credit: <a href=\"https:\/\/www.redfin.com\/IL\/Chicago\/33-W-Ontario-St-60654\/unit-54D\/home\/26813927\" target=\"_blank\" rel=\"noopener\">https:\/\/www.redfin.com\/IL\/Chicago\/33-W-Ontario-St-60654\/unit-54D\/home\/26813927<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 26, 2007- October 8, 2011 In December 2007 \u2014 at the absolute peak of the pre-crisis housing bubble \u2014&nbsp;Konstantin Sokolov&nbsp;purchased a 2-bedroom, 2-bathroom condominium on the 54th floor of 33 W. Ontario St. in Chicago. The unit, measuring 1,361 square feet, was bought for&nbsp;$525,000&nbsp;from Lance Tishkevich, according to public transaction records published by the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-92","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts\/92","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=92"}],"version-history":[{"count":3,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts\/92\/revisions"}],"predecessor-version":[{"id":888,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=\/wp\/v2\/posts\/92\/revisions\/888"}],"wp:attachment":[{"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=92"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=92"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksokolovarchive.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=92"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}