April 2010

	04/29/10 Perfectly Powhatan List Price: $499,000 The Property: When she was appointed by President Obama to an ambassadorial post in Rome last year, Ertharin Cousin was reluctant to let go of her Chicago home, a three-bedroom condo she had painstakingly updated in the Powhatan, the Art Deco treasure at 49th Street and South Lake Shore Drive. Posted at 12:06 PM in On the Market | Permalink | Comments (2)
04/28/10 The Year of Living Strategically The lives of young adults can change multiple times in the course of several years. They get married, have children, send the kids off to school. When home values were rising fast, young people could afford to think short-term and buy a place that suited their immediate needs. For most, a rising market would make moving on to the next property a profitable step—or at least not a financially ruinous one. Posted at 05:17 AM in Housing Bulletin | Permalink | Comments (3)
	04/26/10 Fred Latsko Sells His Unfinished Gold Coast Rehab List Price: $5.75 million Sale Price: $5.25 million The Property: On April 15th, the developer and socialite Fred Latsko sold this Gold Coast chateau with its extensive rehab still unfinished. Mary Bennett, the sales agent for Latsko and his wife, Julie, says that her clients planned to live in the house, “but it didn’t work out that way.” She says that the buyer—identified in public documents as... Posted at 07:17 AM in Sale of the Week | Permalink | Comments (2)
	04/22/10 The Brightest of Seven "Sisters" on North Center's Riverfront List Price: $1.390 million The Property: In 2004, a builder put up seven new cedar-sided houses and a mini-riverwalk on the former site of a boat storage yard on the North Branch of the Chicago River a few blocks north of Irving Park Road. Each of the homes has views of the water and of Horner Park. Posted at 10:19 AM in On the Market | Permalink | Comments (0)
	04/21/10 Debating the Future of Lathrop Homes Next month the Chicago Housing Authority will announce which applicants will get the nod to do the next piece of its ten-year-old Plan For Transformation: redeveloping Lathrop Homes with a mix of market-rate, affordable, and public housing. Posted at 08:08 AM in Housing Bulletin | Permalink | Comments (16)
	04/19/10 Glenview Foreclosure Sparks a Bidding War List Price: $990,000 Sale Price: $1,355,000 The Property: In another sign that homebuyers may be turning their attention to the bargains available on the foreclosure market, the bank that had control of this 16-room Glenview house received seven offers... Posted at 08:05 AM in Sale of the Week | Permalink | Comments (0)
	04/15/10 A Luxe but Homey Retreat in Lake Forest List Price: $3.995 million The Property: This very large, lavish house, set on two acres in western Lake Forest, has a nice array of formal spaces—such as the big dining room and the dark-paneled office—complemented by high-end finishes... Posted at 09:48 AM in On the Market | Permalink | Comments (0)
	04/14/10 B. J. Armstrong Sells His Highland Park House—To a Bear B. J. Armstrong, the retired Chicago Bull who is now a sports agent and an analyst on ESPN, has sold a Highland Park house that he put on the market in the summer of 2008. The sale closed Monday at $1.8 million, down more than $1 million... Posted at 12:42 PM in Housing Bulletin | Permalink | Comments (4)
04/14/10 Jack Ryan Selling Vacant Wilmette Lakefront Property Jack Ryan, who in 2004 dropped out of a contest against Barack Obama for a U.S. Senate seat, is selling a vacant lakefront lot in Wilmette. He and his wife, Amanda, are asking $4.95 million for the property, which is a little over 1.3 acres and has about 120 feet of beach frontage. “We had a beautiful home planned for [the site], but we’re not sure we’ll be spending... Posted at 11:18 AM in Housing Bulletin | Permalink | Comments (1)
	04/12/10 A Horseshoe-Shaped House with a Colts Connection List Price: $1.495 million Sale Price: $1.425 million The Property: The bland façade of this U-shaped Winnetka house, with its front door set in a wall of glass, only hints at what lies inside: glass walls on three sides of a courtyard that give the... Posted at 07:59 AM in Sale of the Week | Permalink | Comments (1)
	04/08/10 A Sears House Grows Up, in Sauganash List Price: $499,900 The Property: Fourteen years ago, Jim and Lisa Whittington bought a tiny Sears Catalog house built in the 1920s in the leafy, charming Sauganash neighborhood on the city’s far northwest side. Although it was originally a two-bedroom house with... Posted at 10:41 AM in On the Market | Permalink | Comments (2)
	04/07/10 Two Derelict Glencoe Houses Face Different Fates Among the architectural treasures of Glencoe are two small collections of homes designed by eminent 20th-century architects—and each of those neighborhoods has a derelict house, a victim of the recent housing bust. Ravine Bluffs is a cluster of six homes designed by Frank Lloyd Wright in the 1910s. The derelict house there now has a savior, a Chicago architect who... Posted at 07:53 AM in Housing Bulletin | Permalink | Comments (1)
	04/05/10 Fitness Guru Jim Karas Buys on East Lake Shore Drive List Price: $1.325 million Sale Price: $1.225 million The Property: Jim Karas, the Chicago-based fitness trainer to the stars as well as the author of three top-selling fitness books, will close on his purchase of a Gold Coast condo later this month. Posted at 08:23 AM in Sale of the Week | Permalink | Comments (0)
	04/01/10 An Uptown Genre-Bender List Price: $1.95 million The Property: A cocktail of genres, this house has a harsh 1970s exterior, an interior rich in Victorian ornamentation, and an atrium that could have been borrowed from a Spanish-style home. And while distinctly urban, the place has a big yard worthy of a residence in the suburbs. Posted at 09:21 AM in On the Market | Permalink | Comments (1)

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