May 2010

	05/31/10 Foreclosure on the 59th Floor List Price: $1.310 million Sale Price: $1.150 million The Property: Not Chicago’s highest-priced foreclosure, but its highest off the ground, this penthouse on the 59th and 60th floors of Millennium Centre (at 33 West Ontario Street) tops the previous high... Posted at 03:41 PM in Sale of the Week | Permalink | Comments (0)
	05/27/10 Down by the Riverside List Price: $784,900 The Property: Six years ago, in a small cluster of homes set in a wooded, U-shaped bend of the Des Plaines River immediately south of Riverside, the carpenter and building contractor Alex Pejsz found the project of his dreams: a handsome 1899 house sorely in need of restoration. Posted at 10:24 AM in On the Market | Permalink | Comments (0)
	05/26/10 House-Hunting by Bike in Homewood and Oak Park May and June bring prime bicycling weather to Chicago. This year, the Active Transportation Alliance is peddling a new idea: suburban house-hunting by bike. On Sunday, June 13th, in Oak Park and on Saturday, June 19th, in Homewood the alliance will host free bicycle tours of houses for sale... Posted at 09:21 AM in Housing Bulletin | Permalink | Comments (0)
	05/24/10 Most Expensive Wilmette House Sale Since 2008 List Price: $5.3 million Sale Price: $4.75 million The Property: This 16-room house with about 135 feet of Lake Michigan beach was sold in April for the highest price paid in Wilmette in nearly two years. Built in 1968 by Hemphill, a company that built thousands of high-end North Shore homes over several decades, this residence was greatly expanded in the mid-1990s, after the then-owner, William De Nicolo, demolished the house next door... Posted at 07:21 AM in Sale of the Week | Permalink | Comments (2)
	05/20/10 Ornate Condo Has Link to Nearby Newberry List Price: $899,000 The Property: This 2,400-square-foot home is one of six condominiums in an ornate 1878 building that originally housed Grant’s Seminary for Young Ladies. It was built by the same bequest that built the Newberry Library a block north... Posted at 10:47 AM in On the Market | Permalink | Comments (1)
05/19/10 Short-Term Condo Rentals—and a Volunteer Rehab in Highland Park Renting out unsold condos for the short term is an idea that is simultaneously gaining and losing popularity. It’s on the upswing among owners of vacant condos who hope to defray their costs while waiting for an improved real-estate market. HomeAway, an online vacation home rental source, reports that in April, it had 120 listings in Chicago, up 53 percent from a year before. More than half of them are condos, according to Denise Frasier, HomeAway’s spokesperson. Posted at 07:20 AM in Housing Bulletin | Permalink | Comments (0)
	05/13/10 Former Treasury Secretary Henry Paulson Buys a Downtown Condo Henry M. Paulson Jr., the former secretary of the U.S. Treasury, has bought a downtown Chicago condo with his wife, Wendy. According to information from the Cook County Recorder of Deeds, in mid-April the Paulsons paid $1.45 million for a three-bedroom, 2,500-square-foot... Posted at 06:16 PM in Sale of the Week | Permalink | Comments (0)
	05/13/10 No Stone Left Unturned—Hinsdale List Price: $2.499 million The Property: The limestone home from the 1940s that stood on this Hinsdale lot until a couple of years ago is gone but not forgotten. Posted at 08:46 AM in On the Market | Permalink | Comments (1)
	05/12/10 CVS's Prescription for Foreclosure Relief In a cluster of south suburbs hard hit by the foreclosure crisis, a coalition of towns is working to clean up and stabilize their devastated neighborhoods. Now the CVS pharmacy chain is lending some vital support to that effort by trying to create a pool of potential buyers for homes reclaimed by banks. In late April, CVS announced that it would bring its employer-assisted housing program to the south suburbs... Posted at 07:23 AM in Housing Bulletin | Permalink | Comments (0)
	05/10/10 Kenwood's Magerstadt House Sells Without Going On Sale Sale Price: $2.325 million The Property: The Magerstadt House, a Prairie school landmark ornamented with a poppy motif, a gold-leaf mural, and other distinctive details specified by the Chicago architect George Maher, hadn’t even been on the market when it was sold on April 30th... Posted at 09:59 AM in Sale of the Week | Permalink | Comments (0)
	05/06/10 Fancy Footwork in Lake View List Price: $1.250 million The Property: This extensively renovated Lake View house, which dates to 1887, has one foot in the past and one in the present. A four-year rehab earlier this decade opened up the floor plan to enhance the kind of casual flow preferred today while carefully maintaining the feeling of a vintage home. Posted at 02:18 PM in On the Market | Permalink | Comments (1)
	05/05/10 A Front Porch Revival in Libertyville The failure of a boom-era townhouse and condo project in the heart of Libertyville may have seemed like bad news at the time. As things turned out, it made way for another developer to step in with a new plan where the houses will be less expensive—and better suited to the neighborhood... Posted at 07:31 AM in Housing Bulletin | Permalink | Comments (1)
	05/03/10 A Spring Awakening in Hinsdale The Properties: The homes pictured here are three of the nine Hinsdale houses that sold for $1 million or more between April 15th and April 29th. That’s up from four sold last year in the same two-week period and just one house sold in that time frame in 2008. Posted at 09:50 AM in Sale of the Week | Permalink | Comments (0)

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• Two Competing Views of Belmont Harbor | Comments (0)
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