February 2013
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02/28/13$10 Million Buys a Hell of a Lot in Lincoln ParkWhat does a mere $10 million buy in Lincoln Park? A whole lot—plus the lot next door. Let's take a peek inside a pretty nice 11,000-square-foot home. Posted at 11:55 AM in On the Market Real Estate: Featured story | Permalink | Comments (0) |
02/27/13Illinois Legislators Want Property Tax FreezeIllinois lawmakers are dogpiling on a situation that seems paradoxical: property taxes going up when home values are down. As a result, they have introduced five different pieces of legislation calling for property tax freezes... Posted at 9:35 AM in Housing Bulletin Real Estate | Permalink | Comments (0) |
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02/26/13Rodkin on Taking a Loss vs. Taking Advantage of Low PricesReaders ask questions, and our real estate expert answers. This week, a reader named Chris from Uptown asks if he should take a loss on his condo and move now, when home prices and interest rates are still low. Posted at 6:18 PM in DEQ's Real Estate | Permalink | Comments (0) |
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02/25/13Idiosyncratic Glencoe Mansion Sells at Fraction of 2007 Asking Price
List Price: $3.299 million Posted at 9:15 AM in Sale of the Week Real Estate | Permalink | Comments (1) |
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02/21/13In Independence Park, This Chicago Classic Needs A Dog
List Price: $449,900 Posted at 10:00 AM in On the Market Real Estate: Featured story | Permalink | Comments (1) |
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02/20/13504 South Loop Condos Get a RebootThree South Loop condo buildings, left with so many unsold units in the bust years that they were vertical ghost towns, are being brought back to life together by a company that bought 504 units from their original developer in a “deed in lieu of foreclosure” deal... Posted at 9:35 AM in Housing Bulletin Real Estate | Permalink | Comments (0) |
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02/19/13Rodkin on Non-Residents Buying Distressed PropertiesReaders ask questions, and our real estate expert answers. This week, a reader named Jason from British Columbia, Canada asks if he can find Chicago properties at rock-bottom prices—that are not in bad neighborhoods. Posted at 6:24 PM in DEQ's Real Estate | Permalink | Comments (1) |
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02/18/13Bucktown Contemporary Sells After Nearly Seven Years
List Price: $1.899 million Posted at 10:20 AM in Sale of the Week Real Estate | Permalink | Comments (0) |
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02/14/13A Helmut Jahn Valentine to Chicago’s Nighttime Lights
List Price: $1.575 million Posted at 10:00 AM in On the Market Real Estate: Featured story | Permalink | Comments (2) |
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02/13/13Cook County Land Bank Gets UnderwayVacant foreclosed properties dot the map of Chicago and its surrounding suburbs. So think of the new Cook County land bank as housing’s Georges Seurat; it’s trying to arrange all those individual dots into something new and better... Posted at 9:35 AM in Housing Bulletin Real Estate | Permalink | Comments (0) |
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02/12/13Rodkin on Converting a Room Back to Its Original Purpose Before SellingReaders ask questions, and our real estate expert answers. This week, a reader named Amy from Forest Park asks if she should change what’s currently a homework/library/computer room back to a dining room before showing the house to potential buyers. Posted at 3:54 PM in DEQ's Real Estate | Permalink | Comments (0) |
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02/11/13Realty Exec’s Strategic Default Ends With $2.1 Million Old Town Sale
List Price: $2.149 million Posted at 9:15 AM in Sale of the Week Real Estate | Permalink | Comments (0) |
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02/07/13Peddling a Pedal-Friendly Co-Op in Marshall Square
List Price: See Price Points below Posted at 10:45 AM in On the Market Real Estate: Featured story | Permalink | Comments (0) |
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02/06/13Battling over a Moldy Oldie in BeverlyLast August, David McClain and Sanaa Hachem paid $475,000 for a 106-year-old house in Beverly. They knew the place was in bad condition, but they expected to spend about $175,000 and six months restoring the home. “We were excited to do this renovation,” Hachem said.... Posted at 9:35 AM in Housing Bulletin Real Estate | Permalink | Comments (1) |
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02/05/13Rodkin on Buying Foreclosures as InvestmentsReaders ask questions, and our real estate expert answers. This week, a reader named Don from Streeterville asks if he and his sister should invest in foreclosures despite their concerns about undesirable tenants and high maintenance costs. Posted at 5:22 PM in DEQ's Real Estate | Permalink | Comments (0) |
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02/04/13Discounted Foreclosure in Hot Blaine School Neighborhood
List Price: $1.849 million Posted at 11:07 AM in Sale of the Week Real Estate | Permalink | Comments (0) |
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