Housing Bulletin

2 years
ago

 

Real-Estate Data Offer Some Comfort, But Mashed Potatoes Are Better

Real-estate data has been getting dished up in the past few weeks as heartily as mashed potatoes get passed around the Thanksgiving table. And this year, for the first time in a while, the information provides some solace—though not nearly as much as the comfort food will…

2 years
ago

For Apartment Rents, the Forecast is a Four-Cast

Apartment rents have been rising and will keep going up for the near future—but at three different rates in three different strata of the market, according to speakers at last week’s Lincoln Park Builders Real Estate Forum ’12. In the fourth and bottom layer, they will remain flat…

2 years
ago

 

Deal Estate Flash: Lot Next Door to Obama House on the Market

One of the most controversial pieces of Kenwood property, the vacant lot next door to the house of President Barack Obama, went up for sale today. The sellers are asking $899,000. That’s 33 percent more than they paid for the 50-by-150-foot lot in March 2008, before Obama’s election presumably jacked up the value of properties near his…

2 years
ago

Fifty-Year Marina City Resident Reflects on Life in the Landmark Towers

In July 1962, Dr. Theresa Southgate had the then-eccentric idea that she ought to live within walking distance of her new job at JAMA: The Journal of the American Medical Association, headquartered at Dearborn and Grand. “It was an awful neighborhood then, [with] nowhere to live,” Southgate recalls. But there was one big apartment project under construction four blocks south of the office, so she signed a lease…

2 years
ago

 

Cook County Puts 200 Long-Empty Homes Back to Use by Needy Families

A little over a year ago, almost ten percent of the 2,100 public-housing units owned by the Housing Authority of Cook County had stood empty for two years or more. That meant the county was failing to house about 200 needy households, even though it had spaces for them. But after an aggressive round of rehab—and a shakeup of the agency—those 200 units have been put back in use…

2 years
ago

A Recessionary Boom: Condo Rental Management

Soon after T. J. Rubin got into the apartment leasing business in late 2008, the market had some news for him: He was mostly going to be in the condo leasing business instead…

2 years
ago

Ambassador Carol Moseley Braun, Facing Foreclosure, Sells Short

Two years after she listed her Hyde Park home for sale with an optimistic asking price, former U.S. Senator and Ambassador Carol Moseley Braun has sold it as a short sale, for less than she owed on the mortgage. A lender had started the foreclosure process on the property in mid-September…

2 years
ago

Kenwood’s Double Shot of Frank Lloyd Wright

Last week, two neighboring homes in Kenwood both came on the market on the same day at the same price, $1.48 million. Although they hardly resemble one another, they have a lot in common. Both were designed by Frank Lloyd Wright at an early but pivotal point in his career…

2 years
ago

A Baby Boomlet in Bridgeport

In another sign of the renaissance of family living in the city, a townhouse development in urban Bridgeport is witnessing a baby boom of the sort that’s usually associated with suburban neighborhoods…