Deal Estate - January 2010

01/28/10

Down on the Farm in Barrington Hills

List Price: $2.97 million
The Property: Twelve years ago, Doug and Lucinda Hanover bought a little 1880s Barrington Hills farmhouse with a rhubarb patch out front. What they have now is a 6,000-square-foot home that incorporates the property’s old barn as a two-story...

Posted at 09:56 AM in On the Market | Permalink | Comments (0)

01/27/10

A Gallery of Low Prices

Price cuts, short sales, and foreclosures cross my desk in herds these days. Since the start of the new year, it seems that the sellers of houses, townhouses, and condos who are eager to unload their property have become markedly more serious about making it happen.
Today I have pulled together a gallery of low-priced properties in the city and suburbs. Some of these homes are being sold at auction, and others are...

Posted at 08:23 AM in Housing Bulletin | Permalink | Comments (2)

01/25/10

Gold Coast Condo Combo

List Price: $3.95 million
Sale Price: $3.5 million
The Property: A ten-room condo on the fourth floor of the 12-story 219 East Lake Shore Drive building was sold on January 20th for $3.5 million, the first sale at that prestigious address since mid-2007.

Posted at 07:24 AM in Sale of the Week | Permalink | Comments (0)

01/21/10

Glen Ellyn Short Sale

List Price: $599,900
The Property: The latest asking price on this contemporary four-bedroom home in Glen Ellyn is about what the sellers paid for the place in 2004—before they spent an additional $75,000 to add a little more than an acre to what was a half-acre lot. The listing is now a short sale (where the lending bank approves selling the property for less than what’s due on the mortgage)...

Posted at 09:55 AM in On the Market | Permalink | Comments (5)

01/20/10

“Dude, Don’t Rent”

Most 20-year-olds can’t picture owning a home for at least another several years. For them, Kristen Conradi has a bit of advice: “Dude,” she says, “don’t rent.”
In December Conradi, a 20-year-old college student, bought a foreclosed two-bedroom condo near...

Posted at 08:10 AM in Housing Bulletin | Permalink | Comments (3)

01/18/10

ABC 7’s Mark Giangreco Buys in Museum Park

List Price: N/A
Sale Price: $1.225 million
The Property: Mark Giangreco, the sports director and lead sports anchor at WLS-TV ABC 7, has bought a two-bedroom condo on a high floor at One Museum Park, the pair of new condo towers that overlook the south end of Grant Park.

Posted at 07:26 AM in Sale of the Week | Permalink | Comments (0)

01/14/10

John Van Bergen’s Wright Stuff on the South Shore

List Price: $499,000
The Property: Built in 1916 when the surrounding neighborhood was a stylish enclave centered on the nearby South Shore Country Club, this Prairie-style house was the work of the architect John Van Bergen, whose buildings are numerous in Oak Park, River Forest, and Highland Park. This is Van Bergen’s only work in Chicago, according to Lee Bey, formerly the architecture critic for the Chicago Sun-Times and now a blogger at...

Posted at 09:10 AM in On the Market | Permalink | Comments (2)

01/13/10

New Life for Dr. King’s Lawndale Dream

In Lawndale, at the site of the Chicago apartment where the Rev. Dr. Martin Luther King Jr. lived with his family in 1966, work has begun on the Dr. King Legacy Apartments, a $17-million complex that, when finished, will have 45 units of affordable rental housing, retail space, and a mini-museum dedicated to the efforts of King and others to provide equal access to housing in Chicago.

Posted at 09:02 AM in Housing Bulletin | Permalink | Comments (0)

01/11/10

A Mid-Priced Mid-Century Modern

List Price: $1.29 million
Sale Price: $950,000
The Property: Although its street face is mostly an off-putting wall of brick, the other three sides and the interior of this Glencoe home demonstrate the mid-century modernist concept that a house should contain simple, open spaces with a nearly transparent connection to the outdoors.

Posted at 08:54 AM in Sale of the Week | Permalink | Comments (2)

01/07/10

Palatially Homey in Glencoe

List Price: $5.995 million
The Property: Situated on a lakefront cul-de-sac in Glencoe, this newly built mansion with an elaborate façade has an entry hall containing a free-standing marble staircase lined with florid wrought iron...

Posted at 01:54 PM in On the Market | Permalink | Comments (2)

01/06/10

MRED Goes Green; Walter Jacobson Sells

Shopping for a home with a green roof, solar water heater, low-water landscaping, or other eco-features got a lot easier. Also, On Tuesday, January 5th, Walter Jacobson, closed on the $1.975-million sale of a Lincoln Park house that he had owned twice.

Posted at 10:04 AM in Sale of the Week | Permalink | Comments (2)

01/04/10

Lake Forest Foreclosure Is a Sign of the Times

List Price: $2,695,000
Sale Price: $2,037,750
The Property: This 12-room mansion on two and a half acres in Lake Forest sold at foreclosure on December 22nd. Built in 1996 on a cul-de-sac of seven homes carved out of an old Green Bay Road estate, the house mimics English country styles with its tall brick peaks and ornamented limestone bay. Photos that accompanied the listing show...

Posted at 07:45 AM in Sale of the Week | Permalink | Comments (0)

	01/28/10 Down on the Farm in Barrington Hills List Price: $2.97 million The Property: Twelve years ago, Doug and Lucinda Hanover bought a little 1880s Barrington Hills farmhouse with a rhubarb patch out front. What they have now is a 6,000-square-foot home that incorporates the property’s old barn as a two-story... Posted at 09:56 AM in On the Market \| Permalink \| Comments (0)
	01/27/10 A Gallery of Low Prices Price cuts, short sales, and foreclosures cross my desk in herds these days. Since the start of the new year, it seems that the sellers of houses, townhouses, and condos who are eager to unload their property have become markedly more serious about making it happen. Today I have pulled together a gallery of low-priced properties in the city and suburbs. Some of these homes are being sold at auction, and others are... Posted at 08:23 AM in Housing Bulletin \| Permalink \| Comments (2)
	01/25/10 Gold Coast Condo Combo List Price: $3.95 million Sale Price: $3.5 million The Property: A ten-room condo on the fourth floor of the 12-story 219 East Lake Shore Drive building was sold on January 20th for $3.5 million, the first sale at that prestigious address since mid-2007. Posted at 07:24 AM in Sale of the Week \| Permalink \| Comments (0)
	01/21/10 Glen Ellyn Short Sale List Price: $599,900 The Property: The latest asking price on this contemporary four-bedroom home in Glen Ellyn is about what the sellers paid for the place in 2004—before they spent an additional $75,000 to add a little more than an acre to what was a half-acre lot. The listing is now a short sale (where the lending bank approves selling the property for less than what’s due on the mortgage)... Posted at 09:55 AM in On the Market \| Permalink \| Comments (5)
	01/20/10 “Dude, Don’t Rent” Most 20-year-olds can’t picture owning a home for at least another several years. For them, Kristen Conradi has a bit of advice: “Dude,” she says, “don’t rent.” In December Conradi, a 20-year-old college student, bought a foreclosed two-bedroom condo near... Posted at 08:10 AM in Housing Bulletin \| Permalink \| Comments (3)
	01/18/10 ABC 7’s Mark Giangreco Buys in Museum Park List Price: N/A Sale Price: $1.225 million The Property: Mark Giangreco, the sports director and lead sports anchor at WLS-TV ABC 7, has bought a two-bedroom condo on a high floor at One Museum Park, the pair of new condo towers that overlook the south end of Grant Park. Posted at 07:26 AM in Sale of the Week \| Permalink \| Comments (0)
	01/14/10 John Van Bergen’s Wright Stuff on the South Shore List Price: $499,000 The Property: Built in 1916 when the surrounding neighborhood was a stylish enclave centered on the nearby South Shore Country Club, this Prairie-style house was the work of the architect John Van Bergen, whose buildings are numerous in Oak Park, River Forest, and Highland Park. This is Van Bergen’s only work in Chicago, according to Lee Bey, formerly the architecture critic for the Chicago Sun-Times and now a blogger at... Posted at 09:10 AM in On the Market \| Permalink \| Comments (2)
	01/13/10 New Life for Dr. King’s Lawndale Dream In Lawndale, at the site of the Chicago apartment where the Rev. Dr. Martin Luther King Jr. lived with his family in 1966, work has begun on the Dr. King Legacy Apartments, a $17-million complex that, when finished, will have 45 units of affordable rental housing, retail space, and a mini-museum dedicated to the efforts of King and others to provide equal access to housing in Chicago. Posted at 09:02 AM in Housing Bulletin \| Permalink \| Comments (0)
	01/11/10 A Mid-Priced Mid-Century Modern List Price: $1.29 million Sale Price: $950,000 The Property: Although its street face is mostly an off-putting wall of brick, the other three sides and the interior of this Glencoe home demonstrate the mid-century modernist concept that a house should contain simple, open spaces with a nearly transparent connection to the outdoors. Posted at 08:54 AM in Sale of the Week \| Permalink \| Comments (2)
	01/07/10 Palatially Homey in Glencoe List Price: $5.995 million The Property: Situated on a lakefront cul-de-sac in Glencoe, this newly built mansion with an elaborate façade has an entry hall containing a free-standing marble staircase lined with florid wrought iron... Posted at 01:54 PM in On the Market \| Permalink \| Comments (2)
	01/06/10 MRED Goes Green; Walter Jacobson Sells Shopping for a home with a green roof, solar water heater, low-water landscaping, or other eco-features got a lot easier. Also, On Tuesday, January 5th, Walter Jacobson, closed on the $1.975-million sale of a Lincoln Park house that he had owned twice. Posted at 10:04 AM in Sale of the Week \| Permalink \| Comments (2)
	01/04/10 Lake Forest Foreclosure Is a Sign of the Times List Price: $2,695,000 Sale Price: $2,037,750 The Property: This 12-room mansion on two and a half acres in Lake Forest sold at foreclosure on December 22nd. Built in 1996 on a cul-de-sac of seven homes carved out of an old Green Bay Road estate, the house mimics English country styles with its tall brick peaks and ornamented limestone bay. Photos that accompanied the listing show... Posted at 07:45 AM in Sale of the Week \| Permalink \| Comments (0)

January 2010