Deal Estate
 

On the Market

A Pre-Fire Farmhouse in Lincoln Park

A Pre-Fire Farmhouse in Lincoln Park List Price: $1,574,900
The Property: Just off the thriving Armitage Avenue shopping strip, on a Lincoln Park street filled with homes from different eras, stands a house that watched them all arrive. Built in 1861 as the farmhouse for a truck farm that delivered its produce into Chicago, the house still has several of its original elements...

Posted 02/02/12 at 10:00 AM | Permalink | Comments (1)

Housing Bulletin

Condo Swaps in Itasca

Condo Swaps in Itasca A little over three years after they downsized from a house in Elmhurst to a condo in Itasca, Phil and Connie Mangano are getting ready to move to another new condo—without spending a dollar. With just seven of 70 condos sold at Two Itasca Place, its developer, Don Morris, is converting the building into apartments and moving the Manganos and other buyers there into nearly identical condos next door at One Itasca Place...

Posted 02/01/12 at 10:00 AM | Permalink | Comments (0)

DEQ's

Rodkin on Why Sellers Ignore Offers

Rodkin on Why Sellers Ignore Offers Readers ask questions, and our real estate expert answers. This week, a reader named Tom from the West Loop asks why a seller would ignore a reasonable offer from a potential homebuyer.

Posted 01/31/12 at 02:04 PM | Permalink | Comments (0)

Sale of the Week

On the Waterfront, Four Big Sales

On the Waterfront, Four Big Sales In the past month, four multimillion-dollar homes on the North Shore lakefront have been sold—more than were sold in any single month in 2011. The quartet ranged in price from $2.325 million to $7.5 million, and they all shared views out over Lake Michigan...

Posted 01/30/12 at 09:30 AM | Permalink | Comments (0)

On the Market

The Queen of Terra Cotta Row

The Queen of Terra Cotta Row List Price: $2.495 million
The Property: During its heyday in the late 19th and early 20th centuries, the Northwestern Terra Cotta Company made Chicago the capital of architectural ornamentation. The company’s officers weren’t shy about using their products on their homes on Terra Cotta Row, a cluster of four homes on the 1000 block of West Oakdale in Lake View...

Posted 01/26/12 at 10:28 AM | Permalink | Comments (1)

Housing Bulletin

Frank Lloyd Wright’s Heller House Hits the Market Today

Frank Lloyd Wright’s Heller House Hits the Market Today After being on sale informally for a couple of weeks, a treasured Frank Lloyd Wright design in Hyde Park, the Isidore H. Heller House, officially hits the market today. Completed in 1897, the residence signaled Wright’s turn away from the richly ornamented style of his boss, Louis Sullivan...

Posted 01/25/12 at 09:35 AM | Permalink | Comments (8)

DEQ's

Rodkin on All-Cash Home Purchases

Rodkin on All-Cash Home Purchases Readers ask questions, and our real estate expert answers. This week, a reader named Jennifer from Hyde Park asks about homebuyers who pay in cash.

Posted 01/24/12 at 02:45 PM | Permalink | Comments (0)

Sale of the Week

Naperville Remembers the Alamo

Naperville Remembers the Alamo List Price: $898,000
Sale Price: $800,000
The Property: The theatrical façade of this 12-room house in the East Highlands neighborhood of Naperville reminds me of the Alamo—or what that Texas landmark might look like if renovated into a single-family home...

Posted 01/23/12 at 09:35 AM | Permalink | Comments (1)

On the Market

A Passage to India—via Lake Forest

A Passage to India—via Lake Forest List Price: $6.495 million
The Property: On a bitterly cold day, a welcoming home can transport visitors to a better place. At this Lake Forest estate, that place is an idealized version of India in the 1890s. The home’s entire central hallway, about 25 feet long, is papered with a Zuber wallpaper panorama called Hindustan that was installed when the home was owned by the family of William A. P. Pullman, from 1926 to 1992...

Posted 01/19/12 at 10:03 AM | Permalink | Comments (0)

Housing Bulletin

The Housing Crisis: The Fix Isn’t In

It’s a sign of simmering frustration over the housing crisis—now in its second half-decade—that Jamie Dimon, one of the nation’s top bank executives, complained last Friday that “there is no one really in charge” of fixing the problem. “It is just kind of sitting there,” he said. The Obama administration also signaled this week that it hasn’t done enough to help homeowners...

Posted 01/18/12 at 09:35 AM | Permalink | Comments (1)
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About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

Got a hot housing tip? Contact Rodkin at dennis@rodkin.com.
Follow Dennis on Twitter at twitter.com/dealestate
And with our friends at CLTV's HomesPlus

 

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