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August 2011

	08/31/11 Hinsdale Home of Former Blackhawk Brent Sopel Hits the Market Brent Sopel, a defenseman for the Blackhawks in their 2009–10 Stanley Cup championship season, is putting his Hinsdale home on the market today. In late July, after stints with the Atlanta Thrashers and the Montreal Canadiens, Sopel signed a two-year contract with Metallurg Novokuznetsk, a team in Russia’s Kontinental Hockey League... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (1)
	08/29/11 Oprah’s Creative Chief Sells in Gold Coast List Price: $999,000 Sale Price: $934,800 The Property: Lisa Erspamer, the longtime producer at Harpo Productions who is now chief creative officer at the Los Angeles–based Oprah Winfrey Network, has sold her two-bedroom Gold Coast condo for $934,800—or 23 percent less than what she originally paid for it... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	08/25/11 Blufftop Beauty in Winnetka List Price: $5.495 million The Property: Standing high on a Winnetka bluff in what’s known as the Ravines, this 50-year-old house offers a view to the west of the tree-filled ravine and to the east of Lake Michigan. On a gorgeous summer day like the one when we shot today’s video, it’s easy to see why Robert and Moya Chase haven’t wanted to move in the 35 years since they bought the home... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	08/24/11 How’s Mayor Emanuel Doing on Housing? This week’s flurry of analyses about Mayor Rahm Emanuel’s first 100 days in office culminates with a WBEZ taping tonight of a forum slated for broadcast Friday morning on the station’s Eight Forty-Eight program. Emanuel and top city officials will attend the taping, and I will be there to toss in a few ideas about the mayor’s efforts on housing. Time permitting—and there are a lot of other pressing topics to consider—here are the subjects I’d like to touch on... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (1)
	08/22/11 What $1 Million Buys This Month So far in August, three homes have sold for precisely $1 million, and they all went on the market—for the first time, at least—in the spring of 2009. Here’s a closer look... Posted at 8:39 AM in Sale of the Week | Permalink | Comments (0)
	08/18/11 A Well-Schooled Home in Lake View List Price: $2.39 million The Property: Andy Bowyer, the president of the homebuilder Middlefork Capital, recalls setting out to build a new house a few doors south of Lake View’s Blaine Elementary School. “In my mind,” he says, “we were designing for a family...” Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	08/17/11 Dwellevate Helps Home Sellers Cut Costs, Market Home Back when house prices were rising steadily, sellers could usually expect to cover an agent’s commission with the profit made on the home’s sale. But in today’s down market, with homeowners often selling a house for less than what they paid for it, that commission often comes out of the seller’s own pocket... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)
	08/15/11 Sellers Shrug Off Lower Sale Price on Oak Brook House List Price: $2.999 million  Sale Price: $3.1 million  The Property: This 11,000-square-foot house in Oak Brook’s Midwest Club nearly sold for about $4.2 million in 2008, but the deal fell apart, says the sellers’ agent, Jaime Adams... Posted at 9:35 AM in Sale of the Week | Permalink | Comments (0)
	08/11/11 In Winnetka: With Update and Expansion, Twice the Arts and Twice the Crafts List Price: $3.295 million The Property: When Robert and Emi Kelsey bought an old Tudor house in Winnetka ten years ago, it was sort of discombobulated. Some decades before, previous owners had sold off the property in front of the house and tacked an awkward entrance onto the back, and there were a couple of staircases but no main stairway... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	08/10/11 Coming Down: Frank Lloyd Wright’s Love Nest, Bill Wrigley’s Asking Price Demolition is well underway on the Gold Coast home where Frank Lloyd Wright lived briefly with a girlfriend (and future wife) while not yet divorced from his first wife. On Tuesday, the owner of the site told me that once the old residence is razed, construction will start on a four-story home designed “to look like it’s been there 100 years, to look correct for the neighborhood...” Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (0)
	08/08/11 Sun-Times Investor Moves from Park Newberry Condo to Elysian Penthouse List Price: $2.25 million Sale Price: $1.95 million The Property: Robert Parrillo, a Chicago lawyer who was part of the investor team that in 2009 rescued the Chicago Sun-Times from bankruptcy, has sold a four-bedroom condo at the Park Newberry and is moving to the highest residential floor of the luxe Elysian... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	08/04/11 Beyond Eclectic at Carl Street Studios List Price: $549,000 The Property: You’ve heard the term “vanilla box” condos? Condos at the Carl Street Studios are more like tutti-frutti. Converted from a Victorian mansion into a complex of artists’ homes in the 1920s, Carl Street (which is actually on Burton Place) is unlike anything else in the city with its layers of eccentric artistry, unusual materials, and crazy-quilt colors... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
08/03/11 Will Chicago’s New Vacant Building Ordinance Scare Off Mortgage Lenders? Last Thursday, the Chicago City Council passed a vacant building ordinance designed to get mortgage lenders with a financial stake in vacant foreclosed properties to help keep them from falling into disrepair. Four days later, Moody’s Investors Service issued a report arguing that the ordinance may actually discourage lenders from making mortgages in Chicago neighborhoods where foreclosures are concentrated... Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (1)
	08/01/11 Early Oak Park Developer’s Home Sells Quickly List Price: $890,000 Sale Price: $840,000 The Property: This substantial Victorian, built in 1906 for a man whose family construction business developed large swaths of homes in Oak Park and the Far West Side of Chicago, sold in just 15 days this May... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (1)

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