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Hiding in Plain Sight, in Kenwood
List Price: $1.95 million
The Property: On a Kenwood block of very substantial historical homes is one relative youngster that, on the street side at least, tries to fade from view. Three decades ago, the architect James Nagle, designed the house...
A Bridgeport Surprise: Buyers Fill Up Phase One
I was skeptical last March when a developer showed me around a rubble-strewn site on the north side of Bridgeport where he was planning to unveil a development of 29 new homes. The area around the site, sandwiched between the Stevenson Expressway and the South Branch of the Chicago River, is a somewhat isolated patch three blocks wide that is filled with small industrial buildings and modest, dowdy older houses...
Gouletas Son Short-Sells Penthouse at the Sterling
List Price: $899,000
Sale Price: $885,000
The Property: In 2001, when Nicholas V. Gouletas was an executive with the family-owned firm that built the Sterling at 345 North LaSalle Drive, he posed for a publicity photo slicing into a five-foot-tall cake in the shape of the 50-story building. More recently, he did some cutting of a different kind, slashing the price on his 2,700-square-foot, 47th-floor condo...
Family-Friendly Renovation in Lake Bluff
List Price: $2.395 million
The Property: “I’ve become a lover of sunrises because of living here,” John McKinven says of the circa 1938 home where he and his wife, Lynn, and their children live, across the street from Lake Bluff’s sublime blufftop Sunrise Park.
REO Investors Jump on the Speedwagon
How did the principals of Speedwagon Properties, a Northbrook real estate investment firm, come up with a corporate moniker that riffs on the name of a classic-rock act? In real estate parlance, foreclosed property that is in the hands of a bank is often called REO, for Real Estate [Department] Owned. So it was probably inevitable...
Read more »What $1 Million Buys This Month
The Properties: What kind of house does $1 million buy in Chicago right now? A fixer-upper. At least, that’s what three homes in the city that have each sold for exactly $1 million since July 1st have in common: They all have rehab ahead or, in one case, demolition...
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Where to Buy Now
by Dennis Rodkin
The silver lining behind the residential real-estate collapse is the opportunity for housing bargains. Here are 14 up-and-coming Chicago neighborhoods and suburbs where prices are relatively low and the promise for future growth is strong.
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Lincoln Park Brownstone Moves Quickly after Price ChangeTHE PRICE WAS RIGHT: Brownstone moves quickly after sellers take a realistic approach |
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Beachfront Winnetka Home Scores Top Price Since 2006SAND DOLLARS: |
PMI Report Offers Hope for Chicago HomeownersNOT-SO-RISKY-BUSINESS: A report projects a big quarterly drop in the risk of further declines in home values in the Chicago area. |
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Condos in 1925 Building Evoke a Grander EraTHE WAY WE WERE: |
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Jameson Realty Revives Sales at Silver TowerEXORCISING THE GHOSTS: A new realty team helps revive sales at dormant downtown Silver Tower |
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Conneely Group Hopes Countryside Condo Rentals Buy TimeON THE CLOCK: Developer hopes rental strategy buys more time |
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