Deal Estate
 

April 2012

Obama Backers Sell in Winnetka

04/30/12

Obama Backers Sell in Winnetka

List Price: $2.395 million
Sale Price: $2.15 million
The Property: Howard Gottlieb and his wife, Anne, have sold their 11-room house on a secluded lane in Winnetka...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)

A Typical Chicago Backyard—on the 28th Floor

04/26/12

A Typical Chicago Backyard—on the 28th Floor

List Price: $3.35 million
The Property: If you’re addicted to Chicago panoramas, I’ve found your drug. Views of Lake Michigan, the Chicago River, and the Ogden Slip surround the terrace of today’s property. You also look out on a swath of the skyline, and all from a back lawn that, although it’s on a 28th-floor terrace, is as big as many in the city—and even some in the suburbs...

Posted at 10:00 AM in On the Market | Permalink | Comments (1)

Brandmeier’s River North Home on the Market; Rosie O’Donnell’s Sale Loss Follows Local Trend

04/25/12

Brandmeier’s River North Home on the Market; Rosie O’Donnell’s Sale Loss Follows Local Trend

Jonathon Brandmeier, the Chicago radio personality who took over the morning show at WGN Radio in December, has quietly had his six-story River North home for sale since June. The asking price is $5.9 million...

Posted at 11:27 AM in Housing Bulletin | Permalink | Comments (0)

Rodkin on the Signs of a Housing Market Upturn

04/24/12

Rodkin on the Signs of a Housing Market Upturn

Readers ask questions, and our real estate expert answers. This week, a reader named Rob from North Center asks if the recent increase in home sales is a good sign for the housing market.

Posted at 2:49 PM in DEQ's | Permalink | Comments (0)

Five-Closures

04/23/12

Five-Closures

Foreclosure sales are occurring in every kind of neighborhood. Here are five sales that closed within the last five weeks...

Posted at 11:33 AM in Sale of the Week | Permalink | Comments (0)

Rodkin on Lessons Learned from the Real Estate Market

04/19/12

Rodkin on Lessons Learned from the Real Estate Market

Readers ask questions, and our real estate expert answers. This week, a reader named Nora from Edgebrook asks about the best lesson we can learn from the state of the real estate market over the past few years.

Posted at 1:21 PM in DEQ's | Permalink | Comments (0)

The South Loop by the Light of Day

04/19/12

The South Loop by the Light of Day

List Price: $839,000
The Property: It’s no surprise to find lots of daylight surrounding you on the rooftop deck of today’s property, a three-bedroom condo in an old South Loop building tucked into a historical block. The surprise is inside, which during the day is nearly as bright as the outdoors, thanks to the clerestories, seven skylights, and a wall of tall windows...

Posted at 10:00 AM in On the Market | Permalink | Comments (1)

Cook County Puts Property Tax, Deed Info in One Place

04/18/12

Cook County Puts Property Tax, Deed Info in One Place

Earlier this month, Cook County rolled out a one-stop website that pulls together information on a property’s taxes, ownership, and assessment—each of which came from a different website in the past...

Posted at 10:29 AM in Housing Bulletin | Permalink | Comments (3)

A Fun Project in River North

04/16/12

A Fun Project in River North

List Price: $4.475 million
Sale Price: $4.025 million
The Property: A four-story, six-bedroom River North house that a couple built for the fun of it in 2008 sold on April 2 for the highest price paid in the neighborhood since June 2007...

Posted at 10:09 AM in Sale of the Week | Permalink | Comments (0)

A Sophisticated Gold Coast Condo

04/12/12

A Sophisticated Gold Coast Condo

List Price: $3.3 million
The Property: In Chicago’s toddlin’ times, an era when train travel was the height of elegance, the Ambassador East and Ambassador West hotels were regular stops for movie stars, politicians, and society’s elite. Even Alfred Hitchcock’s 1959 cross-country classic, North by Northwest, included a stop at the Ambassador East...

Posted at 10:00 AM in On the Market | Permalink | Comments (1)

04/11/12

Life in the Slow Lane: Get Used To It

A new federal report has provided yet another sign that Chicago’s housing market is in the slow lane on the road to recovery. The report, issued last week with the government’s monthly housing scorecard, noted that, during the past year, the area saw a 1.5 percent increase in the number of homes at risk of foreclosure, rising from 125,400 homes in January 2011 to 127,300 homes in January 2012...

Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)

Rodkin on Buying a Two-Flat as a First Home

04/10/12

Rodkin on Buying a Two-Flat as a First Home

Readers ask questions, and our real estate expert answers. This week, readers named Leanne and Mark from Uptown ask if it's still true that a two-flat is the best place to start homeownership in Chicago.

Posted at 3:18 PM in DEQ's | Permalink | Comments (0)

Foreclosure Comes to Exclusive Woodley Road

04/09/12

Foreclosure Comes to Exclusive Woodley Road

List Price: $1.549 million
Sale Price: $1.537 million
The Property: An 11,600-square-foot mansion on Woodley Road outside Winnetka has the dubious distinction of being the first foreclosure sale in that enclave of prominent families, high-level executives, and other eminent people...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (2)

A Can-Do Condo Builder in Kenwood

04/05/12

A Can-Do Condo Builder in Kenwood

List Prices: $199,000 to $369,000
The Property: When work halted on a boom-years condo project meant to fill an unsightly gap in a block of historical homes in Kenwood, Lewis Korompilas spotted an opportunity...

Posted at 10:00 AM in On the Market | Permalink | Comments (0)

04/04/12

Federal Vouchers Will Help 100 Homeless Cook County Veterans

About six months from now, 100 homeless military veterans in Cook County will have a place to live, thanks to a $760,872 grant from the U.S. Department of Housing and Urban Development. Those 100 vets represent a 55 percent increase in the number of Cook County veterans helped into housing through HUD’s Veterans Affairs Supportive Housing program (VASH)...

Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)

Rodkin on Selling a Home that Developers Might Tear Down

04/03/12

Rodkin on Selling a Home that Developers Might Tear Down

Readers ask questions, and our real estate expert answers. This week, a reader named Bob from Jefferson Park says developers have contacted him about buying his home. He asks if the house is a potential teardown that would allow him to sell as is, at a premium.

Posted at 2:56 PM in DEQ's | Permalink | Comments (0)

What Sold for $1 Million in March

04/02/12

What Sold for $1 Million in March

During the month of March, four homes each sold for exactly $1 million. There’s nothing magical about that number, but as benchmarks go, it has an undeniable appeal. So what is a million-dollar house?...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (1)

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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