Deal Estate - June 2009

06/29/09

Sale of the Week: Off the Ice — Lincoln Park

List Price: $3.125 million
Sale Price: $2.725 million
The Property: Although he hasn’t skated for the Chicago Blackhawks since 2004, Alexei Zhamnov held on to his 11-room Lincoln Park home until last week, closing on its sale on June 24th...

Posted at 07:59 AM in Sale of the Week | Permalink | Comments (0)

06/25/09

On the Market: Hiding in Plain Sight on the Gold Coast

List Price: $4.975 million
The Property: You could prowl the streets of the Gold Coast for a long time (as I have) and hardly notice this 4,000-square-foot home. Originally built in 1888 as the coach house for two Astor Street houses, this residence now conceals itself behind draping vines and an almost invisible charcoal-colored brick façade...

Posted at 09:48 AM in On the Market | Permalink | Comments (0)

06/24/09

Housing Bulletin: Dreaming Big near Winnetka

Earlier this month, Vince Gerasole of CBS2 Chicago reported that a 35,000-square-foot mansion in Burr Ridge with a $25-million price tag was the most expensive home on the market in Illinois. Apparently Gerasole didn’t know about this super-lavish Winnetka mansion that is priced at $32 million...

Posted at 07:39 AM in Housing Bulletin | Permalink | Comments (0)

06/22/09

Sale of the Week: Moskow’s Retreat — Winnetka

List Price: $2.195 million
Sale Price: $1.8 million
The Property: This handsome Georgian with 14 rooms stands on a lush two thirds of an acre on Sheridan Road in Winnetka. Michael Moskow, who was the president and CEO of the Federal Reserve Bank of Chicago until retiring in 2007, owned the house for 32 years before selling it...

Posted at 08:27 AM in Sale of the Week | Permalink | Comments (0)

06/18/09

On the Market: All That Jazz — Lake View

List Price: $849,000
The Property: I felt an urge to ring for the butler and have him fetch my tuxedo as I toured this elegant four-bedroom home in a 1926 co-op building near Belmont Harbor. The expansive floor plan takes you back to the glamour of the Jazz Age, and a recent renovation updated the home’s mechanicals while polishing up its vintage...

Posted at 09:15 AM in On the Market | Permalink | Comments (0)

06/17/09

Housing Bulletin: More Park for Forest Park?

UPDATED Municipal leaders in Forest Park are eying a failed condo and townhouse development as an ideal place to expand the village’s 12-acre Station Park. But first voters must approve the plan in a referendum scheduled for next spring...

Posted at 02:59 PM in Housing Bulletin | Permalink | Comments (0)

06/15/09

Sale of the Week: A Tale of Four Houses—North Shore

List Price: $1.9 million
Sale Price: $1 million
The Property: Today’s house, situated in an unincorporated area near Winnetka, once carried a price tag of $5.1 million. But that price was for a finished home—and not only was this house never finished, but the company that built it ended up handing the home back to its lender, Mutual Bank, last October. On May 26th, the bank...

Posted at 08:45 AM in Sale of the Week | Permalink | Comments (1)

06/11/09

On the Market: Heart of Glass, Old Town

It must be nice to have an architect like Rodrigo del Canto for a father. When his two daughters were young, del Canto built them a rooftop pool above the garage of the family’s Lincoln Park home. A few years ago, designing a new home in Old Town for himself and the two girls—teenagers by...

Posted at 10:42 AM in On the Market | Permalink | Comments (0)

06/10/09

Housing Bulletin: Helping Buyers Sell—and Is There a Doctor with a House?

In the good old days (that is, a couple of years ago), buyers of new homes still under construction had a period of at least several months in which to sell their older home while waiting for the new one to be finished. But now, with a lot of new residential inventory standing ready to go, Jeff Benach, a builder, has found that most potential buyers show up at...

Posted at 07:28 AM in Housing Bulletin | Permalink | Comments (0)

06/08/09

Sale of the Week: Foreclosure on the 50th Floor, Gold Coast

List Price: $1,150,000
Sale Price: $1,185,000
The Property: In what appears to be the city’s loftiest foreclosure so far, a five-room condo on the 50th floor of the Park Tower, the 70-story hotel and residential high-rise immediately west of Chicago’s historic Water Tower, was sold on May 28th. Although there were five bidders—all offering to pay up...

Posted at 10:12 AM in Sale of the Week | Permalink | Comments (0)

06/04/09

On the Market: A Chicago Price That Trumps Trump

From this three-bedroom, four-bath condo on the 73rd floor of Trump Hotel & Tower, the view is spectacular—and relatively cheap. Sure, it’s priced at a little over $2 million, but that’s a full $1.2 million less than the developers want for the same view, and the same floor plan, four flights up...

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

06/03/09

Housing Bulletin: A Big Auction of City and Suburban Homes

On four days in late June, 134 single-family homes, townhouses, and condos in six developments scattered around Chicago and the suburbs will go up for auction. These are not foreclosures but developer closeouts—meaning that the developers have unsold units they want to move...

Posted at 11:33 AM in Housing Bulletin | Permalink | Comments (0)

06/01/09

Sale of the Week: Sink or Swim in Bridgeport

List Price: $1,000,000
Sale Price: $910,000
The Property: Situated on a double lot and with an in-ground pool, this new brick house is one of at least three homes with those same specifications in Bridgeport. Of the three houses, only one—the house featured today—has been sold; the other two are still for sale, and one of them has a sign on the front that says it is now in the hands of a bank. All three residences were built by the developer...

Posted at 07:51 AM in Sale of the Week | Permalink | Comments (2)

	06/29/09 Sale of the Week: Off the Ice — Lincoln Park List Price: $3.125 million Sale Price: $2.725 million The Property: Although he hasn’t skated for the Chicago Blackhawks since 2004, Alexei Zhamnov held on to his 11-room Lincoln Park home until last week, closing on its sale on June 24th... Posted at 07:59 AM in Sale of the Week \| Permalink \| Comments (0)
	06/25/09 On the Market: Hiding in Plain Sight on the Gold Coast List Price: $4.975 million The Property: You could prowl the streets of the Gold Coast for a long time (as I have) and hardly notice this 4,000-square-foot home. Originally built in 1888 as the coach house for two Astor Street houses, this residence now conceals itself behind draping vines and an almost invisible charcoal-colored brick façade... Posted at 09:48 AM in On the Market \| Permalink \| Comments (0)
	06/24/09 Housing Bulletin: Dreaming Big near Winnetka Earlier this month, Vince Gerasole of CBS2 Chicago reported that a 35,000-square-foot mansion in Burr Ridge with a $25-million price tag was the most expensive home on the market in Illinois. Apparently Gerasole didn’t know about this super-lavish Winnetka mansion that is priced at $32 million... Posted at 07:39 AM in Housing Bulletin \| Permalink \| Comments (0)
	06/22/09 Sale of the Week: Moskow’s Retreat — Winnetka List Price: $2.195 million Sale Price: $1.8 million The Property: This handsome Georgian with 14 rooms stands on a lush two thirds of an acre on Sheridan Road in Winnetka. Michael Moskow, who was the president and CEO of the Federal Reserve Bank of Chicago until retiring in 2007, owned the house for 32 years before selling it... Posted at 08:27 AM in Sale of the Week \| Permalink \| Comments (0)
	06/18/09 On the Market: All That Jazz — Lake View List Price: $849,000 The Property: I felt an urge to ring for the butler and have him fetch my tuxedo as I toured this elegant four-bedroom home in a 1926 co-op building near Belmont Harbor. The expansive floor plan takes you back to the glamour of the Jazz Age, and a recent renovation updated the home’s mechanicals while polishing up its vintage... Posted at 09:15 AM in On the Market \| Permalink \| Comments (0)
	06/17/09 Housing Bulletin: More Park for Forest Park? UPDATED Municipal leaders in Forest Park are eying a failed condo and townhouse development as an ideal place to expand the village’s 12-acre Station Park. But first voters must approve the plan in a referendum scheduled for next spring... Posted at 02:59 PM in Housing Bulletin \| Permalink \| Comments (0)
	06/15/09 Sale of the Week: A Tale of Four Houses—North Shore List Price: $1.9 million Sale Price: $1 million The Property: Today’s house, situated in an unincorporated area near Winnetka, once carried a price tag of $5.1 million. But that price was for a finished home—and not only was this house never finished, but the company that built it ended up handing the home back to its lender, Mutual Bank, last October. On May 26th, the bank... Posted at 08:45 AM in Sale of the Week \| Permalink \| Comments (1)
	06/11/09 On the Market: Heart of Glass, Old Town It must be nice to have an architect like Rodrigo del Canto for a father. When his two daughters were young, del Canto built them a rooftop pool above the garage of the family’s Lincoln Park home. A few years ago, designing a new home in Old Town for himself and the two girls—teenagers by... Posted at 10:42 AM in On the Market \| Permalink \| Comments (0)
	06/10/09 Housing Bulletin: Helping Buyers Sell—and Is There a Doctor with a House? In the good old days (that is, a couple of years ago), buyers of new homes still under construction had a period of at least several months in which to sell their older home while waiting for the new one to be finished. But now, with a lot of new residential inventory standing ready to go, Jeff Benach, a builder, has found that most potential buyers show up at... Posted at 07:28 AM in Housing Bulletin \| Permalink \| Comments (0)
	06/08/09 Sale of the Week: Foreclosure on the 50th Floor, Gold Coast List Price: $1,150,000 Sale Price: $1,185,000 The Property: In what appears to be the city’s loftiest foreclosure so far, a five-room condo on the 50th floor of the Park Tower, the 70-story hotel and residential high-rise immediately west of Chicago’s historic Water Tower, was sold on May 28th. Although there were five bidders—all offering to pay up... Posted at 10:12 AM in Sale of the Week \| Permalink \| Comments (0)
	06/04/09 On the Market: A Chicago Price That Trumps Trump From this three-bedroom, four-bath condo on the 73rd floor of Trump Hotel & Tower, the view is spectacular—and relatively cheap. Sure, it’s priced at a little over $2 million, but that’s a full $1.2 million less than the developers want for the same view, and the same floor plan, four flights up... Posted at 10:10 AM in On the Market \| Permalink \| Comments (0)
	06/03/09 Housing Bulletin: A Big Auction of City and Suburban Homes On four days in late June, 134 single-family homes, townhouses, and condos in six developments scattered around Chicago and the suburbs will go up for auction. These are not foreclosures but developer closeouts—meaning that the developers have unsold units they want to move... Posted at 11:33 AM in Housing Bulletin \| Permalink \| Comments (0)
	06/01/09 Sale of the Week: Sink or Swim in Bridgeport List Price: $1,000,000 Sale Price: $910,000 The Property: Situated on a double lot and with an in-ground pool, this new brick house is one of at least three homes with those same specifications in Bridgeport. Of the three houses, only one—the house featured today—has been sold; the other two are still for sale, and one of them has a sign on the front that says it is now in the hands of a bank. All three residences were built by the developer... Posted at 07:51 AM in Sale of the Week \| Permalink \| Comments (2)

June 2009