Deal Estate - June 2012

06/28/12

Former Chapel Now a Heavenly House in LaGrange

List Price: $699,900
The Property: As you will see in today’s video, the old informs the new in this century-old Swedish Evangelical chapel in LaGrange that’s now a three-bedroom house. For instance, the colors of the stained glass windows dictate the palette of the tile in the kitchen, as well as most wall colors...

Posted at 10:00 AM in On the Market | Permalink | Comments (0)

06/27/12

Finding an Affordable Home Near a Good School

There are many nice homes for sale or rent in Chicago, and there are some high-performing schools. But finding a home in the district of a good CPS school was a little like playing chess on two different boards at once—that is, until the introduction of SchoolSparrow...

Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)

06/26/12

Rodkin on Selling to Take Advantage of a Property Shortage in the Market

Readers ask questions, and our real estate expert answers. This week, a reader named Pam from Lake View asks if she should sell her condo after receiving a newsletter from a real estate agent about a shortage in the housing market.

Posted at 2:34 PM in DEQ's | Permalink | Comments (0)

06/25/12

In Oak Brook, a Dance of the Seven Veils Pricing Strategy

List Price: $2.499 million
Sale Price: $2.3 million
The Property: In the three years between going on the market at $3.595 million in June 2009 and being sold for $2.3 million in June 2012, this Oak Brook house underwent 38 price cuts—some as little as a dollar...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)

06/21/12

A Lake View Penthouse That’s Really a Penthouse

List Price: $895,000
The Property: It’s common in new buildings to have several floors of penthouses. But in a 1926 co-op on Lake Shore Drive in Lake View, there’s just one penthouse floor, the 17th, which can be reached only from the 16th floor by a private staircase...

Posted at 10:00 AM in On the Market | Permalink | Comments (0)

06/20/12

Protecting Renters in Foreclosed Buildings

Between 2009 and 2011, about 10 percent of Chicago’s rental housing passed through some stage of foreclosure, often leaving paid-up tenants in a gray area when a building’s foreclosing lender didn’t resell the place to a new landlord quickly. That’s where Nancy Enopena found herself this past winter after the Albany Park house where she rents a bedroom was without heat or hot water for five months—and without any water at all for several weeks...

Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (1)

06/19/12

Rodkin on Where New Homebuyers Will Come from in Today’s Market

Readers ask questions, and our real estate expert answers. This week, a reader named Joshua from Lincoln Square asks if current home prices need to come down in order for young adults—well-off or otherwise—to afford fairly modest homes.

Posted at 3:43 PM in DEQ's | Permalink | Comments (0)

06/18/12

Buyers Feel Kinship to Hemingway Home

List Price: $525,000
Sale Price: $525,000
The Property: Kurt and Mary Jane Neumann, who will move into Ernest Hemingway’s childhood home this week, feel ties not only to the famed novelist but also to the layout of the house where he grew up...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)

06/14/12

A New Mexico Adobe in Western Lake Forest

List Price: $2.395 million
The Property: In the early 1980s, John and Sarabess Cahill fell in love with New Mexico—only John’s business was in Evanston. What to do? “We brought New Mexico here,” Sarabess says...

Posted at 10:08 AM in On the Market | Permalink | Comments (0)

06/13/12

Summer Homes Harbor Hope for Change

As the warmth and ease of this sunny season kick in, many people dream of owning a summer home. In Benton Harbor, Michigan, an ambitious residential development around a golf course, also comes freighted with dreams of healing entrenched poverty and racial division and of restoring spoiled industrial land...

Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)

06/12/12

Rodkin on Upgrading a Home That’s Decreasing in Value

Readers ask questions, and our real estate expert answers. This week, a reader named Danny from Portage Park asks if it’s a good idea to continue making improvements on their home for when he and his wife want to sell it a few years, even though it has been decreasing in value.

Posted at 3:46 PM in DEQ's | Permalink | Comments (1)

06/11/12

Living Outside the Box in Northbrook

List Price: $875,000
Sale Price: $840,000
The Property: “Northbrook is a subdivision town,” says Nancy Gibson. “Almost everything is boxes...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (1)

06/07/12

In Lincoln Park, Something Suburban This Way Comes

List Price: $1.85 million
The Property: Although it’s now jammed with strollers and baby boutiques, west Lincoln Park wasn’t nearly as family-friendly 20 years ago, when Jonathan Peabody and Lindsey Stewart decided they didn’t want to move to the suburbs to raise their kids...

Posted at 10:04 AM in On the Market | Permalink | Comments (1)

06/06/12

Trump Tower’s “Ridiculist” $32 Million Condo

A 14,000-square-foot penthouse atop the Trump International Hotel and Tower snagged lots of media coverage last week for being the loftiest home in the western hemisphere and, at $32 million, Chicago’s highest-priced home. But will it sell for that much?...

Posted at 9:40 AM in Housing Bulletin | Permalink | Comments (0)

06/05/12

Rodkin on Buying a House When Your Spouse Has Damaged Credit

Readers ask questions, and our real estate expert answers. This week, a reader named Paul asks if he and his new wife—who walked away from a house a few years ago—can buy a house even though her credit is damaged.

Posted at 1:29 PM in DEQ's | Permalink | Comments (0)

06/04/12

At Lake Forest House Sale, Less Is Less

List Price: $1.45 million
Sale Price: $1.15 million
The Property: This Lake Forest house, a dark glass pavilion done in the “less is more” style of Ludwig Mies van der Rohe, sold in July 2007 for $3.8 million...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)

	06/28/12 Former Chapel Now a Heavenly House in LaGrange List Price: $699,900 The Property: As you will see in today’s video, the old informs the new in this century-old Swedish Evangelical chapel in LaGrange that’s now a three-bedroom house. For instance, the colors of the stained glass windows dictate the palette of the tile in the kitchen, as well as most wall colors... Posted at 10:00 AM in On the Market \| Permalink \| Comments (0)
	06/27/12 Finding an Affordable Home Near a Good School There are many nice homes for sale or rent in Chicago, and there are some high-performing schools. But finding a home in the district of a good CPS school was a little like playing chess on two different boards at once—that is, until the introduction of SchoolSparrow... Posted at 9:35 AM in Housing Bulletin \| Permalink \| Comments (0)
	06/26/12 Rodkin on Selling to Take Advantage of a Property Shortage in the Market Readers ask questions, and our real estate expert answers. This week, a reader named Pam from Lake View asks if she should sell her condo after receiving a newsletter from a real estate agent about a shortage in the housing market. Posted at 2:34 PM in DEQ's \| Permalink \| Comments (0)
	06/25/12 In Oak Brook, a Dance of the Seven Veils Pricing Strategy List Price: $2.499 million Sale Price: $2.3 million The Property: In the three years between going on the market at $3.595 million in June 2009 and being sold for $2.3 million in June 2012, this Oak Brook house underwent 38 price cuts—some as little as a dollar... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (0)
	06/21/12 A Lake View Penthouse That’s Really a Penthouse List Price: $895,000 The Property: It’s common in new buildings to have several floors of penthouses. But in a 1926 co-op on Lake Shore Drive in Lake View, there’s just one penthouse floor, the 17th, which can be reached only from the 16th floor by a private staircase... Posted at 10:00 AM in On the Market \| Permalink \| Comments (0)
	06/20/12 Protecting Renters in Foreclosed Buildings Between 2009 and 2011, about 10 percent of Chicago’s rental housing passed through some stage of foreclosure, often leaving paid-up tenants in a gray area when a building’s foreclosing lender didn’t resell the place to a new landlord quickly. That’s where Nancy Enopena found herself this past winter after the Albany Park house where she rents a bedroom was without heat or hot water for five months—and without any water at all for several weeks... Posted at 9:35 AM in Housing Bulletin \| Permalink \| Comments (1)
	06/19/12 Rodkin on Where New Homebuyers Will Come from in Today’s Market Readers ask questions, and our real estate expert answers. This week, a reader named Joshua from Lincoln Square asks if current home prices need to come down in order for young adults—well-off or otherwise—to afford fairly modest homes. Posted at 3:43 PM in DEQ's \| Permalink \| Comments (0)
	06/18/12 Buyers Feel Kinship to Hemingway Home List Price: $525,000 Sale Price: $525,000 The Property: Kurt and Mary Jane Neumann, who will move into Ernest Hemingway’s childhood home this week, feel ties not only to the famed novelist but also to the layout of the house where he grew up... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (0)
	06/14/12 A New Mexico Adobe in Western Lake Forest List Price: $2.395 million The Property: In the early 1980s, John and Sarabess Cahill fell in love with New Mexico—only John’s business was in Evanston. What to do? “We brought New Mexico here,” Sarabess says... Posted at 10:08 AM in On the Market \| Permalink \| Comments (0)
	06/13/12 Summer Homes Harbor Hope for Change As the warmth and ease of this sunny season kick in, many people dream of owning a summer home. In Benton Harbor, Michigan, an ambitious residential development around a golf course, also comes freighted with dreams of healing entrenched poverty and racial division and of restoring spoiled industrial land... Posted at 9:35 AM in Housing Bulletin \| Permalink \| Comments (0)
	06/12/12 Rodkin on Upgrading a Home That’s Decreasing in Value Readers ask questions, and our real estate expert answers. This week, a reader named Danny from Portage Park asks if it’s a good idea to continue making improvements on their home for when he and his wife want to sell it a few years, even though it has been decreasing in value. Posted at 3:46 PM in DEQ's \| Permalink \| Comments (1)
	06/11/12 Living Outside the Box in Northbrook List Price: $875,000 Sale Price: $840,000 The Property: “Northbrook is a subdivision town,” says Nancy Gibson. “Almost everything is boxes... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (1)
	06/07/12 In Lincoln Park, Something Suburban This Way Comes List Price: $1.85 million The Property: Although it’s now jammed with strollers and baby boutiques, west Lincoln Park wasn’t nearly as family-friendly 20 years ago, when Jonathan Peabody and Lindsey Stewart decided they didn’t want to move to the suburbs to raise their kids... Posted at 10:04 AM in On the Market \| Permalink \| Comments (1)
	06/06/12 Trump Tower’s “Ridiculist” $32 Million Condo A 14,000-square-foot penthouse atop the Trump International Hotel and Tower snagged lots of media coverage last week for being the loftiest home in the western hemisphere and, at $32 million, Chicago’s highest-priced home. But will it sell for that much?... Posted at 9:40 AM in Housing Bulletin \| Permalink \| Comments (0)
	06/05/12 Rodkin on Buying a House When Your Spouse Has Damaged Credit Readers ask questions, and our real estate expert answers. This week, a reader named Paul asks if he and his new wife—who walked away from a house a few years ago—can buy a house even though her credit is damaged. Posted at 1:29 PM in DEQ's \| Permalink \| Comments (0)
	06/04/12 At Lake Forest House Sale, Less Is Less List Price: $1.45 million Sale Price: $1.15 million The Property: This Lake Forest house, a dark glass pavilion done in the “less is more” style of Ludwig Mies van der Rohe, sold in July 2007 for $3.8 million... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (0)

June 2012

06/28/12

Former Chapel Now a Heavenly House in LaGrange

06/27/12

Finding an Affordable Home Near a Good School

06/26/12

Rodkin on Selling to Take Advantage of a Property Shortage in the Market

06/25/12

In Oak Brook, a Dance of the Seven Veils Pricing Strategy

06/21/12

A Lake View Penthouse That’s Really a Penthouse

06/20/12

Protecting Renters in Foreclosed Buildings

06/19/12

Rodkin on Where New Homebuyers Will Come from in Today’s Market

06/18/12

Buyers Feel Kinship to Hemingway Home

06/14/12

A New Mexico Adobe in Western Lake Forest

06/13/12

Summer Homes Harbor Hope for Change

06/12/12

Rodkin on Upgrading a Home That’s Decreasing in Value

06/11/12

Living Outside the Box in Northbrook

06/07/12

In Lincoln Park, Something Suburban This Way Comes

06/06/12

Trump Tower’s “Ridiculist” $32 Million Condo

06/05/12

Rodkin on Buying a House When Your Spouse Has Damaged Credit

06/04/12

At Lake Forest House Sale, Less Is Less

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