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July 2011

	07/28/11 Sale of the Week: The 11,000-Square-Foot Chimneys Cottage A Lake Forest mansion recently owned by a retired VP from Baxter International, which features a stunning library addition by Howard van Doren Shaw and a hidden "speakeasy" bar, sells for less than half its 2008 asking price. Posted at 2:47 PM in Sale of the Week | Permalink | Comments (0)
	07/28/11 Life Is Sweet Near Honey Lake in North Barrington List Price: $1,299,999 The Property: In the early 1990s, when many of their friends in the northwest suburbs were buying vacation homes around Lake Geneva and Walworth County, Martin Nowakowski and Sharron Ames found their getaway closer to home in North Barrington... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	07/27/11 How One Homeowner Stopped Paying Her Mortgage The next mortgage payment on Christine O’Malley’s Grayslake townhouse is due Monday, but she’s probably not going to pay it. “I’ve been on my own since I was 18, and I’ve always paid my bills,” says O’Malley, 53. She is employed as a co-owner of an e-learning company, says she has credit scores in “the high 700s, 800s,” and has been trying to sell the three-bedroom townhouse for more than a year... Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (4)
	07/25/11 It Took 2 Face-Lifts to Get This Lincoln Park Foreclosure Sold List Price: $950,000 Sale Price: $949,900 The Property: When I wrote about this Lincoln Park house in October 2009, Brickyard Bank, which had foreclosed on it, had just put the home through a facelift to make it more marketable... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	07/21/11 Indoors Meets Out in Lincoln Park List Price: $3.895 million The Property: The distinguished Chicago architect Avi Lothan says he designed this Lincoln Park home for his family with his eye on the interplay between indoor and outdoor spaces... Posted at 10:36 AM in On the Market | Permalink | Comments (0)
07/20/11 The New $100 Million Fund to Modify Loans and Prevent Foreclosures Some Chicago-area homeowners at risk of foreclosure may get the lifeline they need from the new $100 million Mortgage Resolution Fund, announced by Governor Quinn this past Friday. “We’re going upstream to stop further houses from becoming vacant,” says Bill Goldsmith, the president of the newly formed MRF... Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (1)
	07/18/11 Sears Exec Pays Most in 5 Years in St. Charles List Price: $3.2 million Sale Price: $3.1 million The Property: A custom-built, 11,000-square-foot house on a little more than two acres in the far western suburb of St. Charles commanded the town’s highest home price in five years when it sold July 1... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	07/14/11 An Arts and Crafts Fixer-Upper in Riverside List Price: $599,000 The Property: All that remains of what in the early 20th century was the Riverside estate of the entrepreneur and horse breeder Henry Babson is three service buildings—and one and a half of them are on the market... Posted at 9:52 AM in On the Market | Permalink | Comments (0)
07/13/11 Tough Times for Chicago-Area Latinos Seeking Mortgages—and a New Video Feature for Answering Your Real-Estate Questions Research by the Latino Policy Forum indicates that Chicago-area Latinos get rejected for conventional home loans at nearly twice the rate of the region’s general population. While about 15 percent of Chicago-area residents applying for a home loan were turned down, the forum’s research revealed that almost 30 percent of Latino applicants were denied... Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (1)
	07/11/11 Two Thumbs Up for Thea Flaum’s Presale Renovation List Price: $1.199 million Sale Price: $1.149 million The Property: Thea Flaum, the original producer of Gene Siskel and Roger Ebert’s TV movie-review show, was having trouble selling her Old Town condo... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	07/07/11 Lake Forest’s House (and Garden) of the Four Winds List Price:$5.995 million The Property: Now, in high summer, is the time when we most want our homes and gardens to mesh together as one enlarged living space. In Lake Forest, the architect Howard Van Doren Shaw executed that idea splendidly in a country estate he designed in 1909 for Hugh and Mary McBirney... Posted at 10:15 AM in Housing Bulletin | Permalink | Comments (0)
	07/06/11 In Libertyville, SchoolStreet Is in Session A little more than a year ago, the developer John McLinden announced plans for SchoolStreet, a collection of traditional-looking homes—think big front porches—on the site of an unfinished condo development near the shopping district in Libertyville... Posted at 9:30 AM in Housing Bulletin | Permalink | Comments (0)
	07/04/11 Chicago’s Loftiest Foreclosure—and Possibly the World’s List Price: $1,750,000 Sale Price: $950,000 The Property: When a 2,900-square-foot condo on the 83rd floor at the John Hancock Center sold June 22, it became Chicago’s loftiest foreclosure—and very likely, the world’s... Posted at 6:00 AM in Sale of the Week | Permalink | Comments (0)

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