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May 2012

	05/31/12 In Lincoln Park, Yesterday Meets Today List Price: $4.5 million The Property: In Lincoln Park, where residences from yesterday and today freely mingle, today’s property is clearly new. But it doesn’t shriek 2012. Instead, its looks as if it might date to an earlier era... Posted at 11:31 AM in On the Market | Permalink | Comments (1)
05/30/12 Where Homeowners Are Underwater and Behind on Their Mortgage The new data from Case-Shiller released Tuesday showed that local home prices in March 2012 were down 39 percent from their October 2006 peak. That drop likely means even more homeowners are being pushed underwater—that is, they owe more on the mortgage than their homes are worth... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (1)
	05/29/12 Rodkin on Buying or Renting During a Time of Transition Readers ask questions, and our real estate expert answers. This week, a reader named Chris from Schaumburg asks if renting is a better option than buying since he has a baby on the way and he may go back to school. Posted at 1:15 PM in DEQ's | Permalink | Comments (0)
	05/29/12 An Italianate Short Sale in Highland Park List Price: $1.5 million Sale Price: $1.2 million The Property: This Italianate home with a two-story bay of windows positioned to capture breezes off nearby Lake Michigan was built in 1873 as a model home for the nascent Highland Park... Posted at 10:10 AM in Sale of the Week | Permalink | Comments (0)
	05/24/12 In Sheridan Park, Prairie Style Meets Arts and Crafts List Price: $799,000 The Property: There’s a pretty street view framed by the long rectangular porch of this Prairie-style house built in 1908 in the Sheridan Park section of Uptown. Inside the living room, there is another framed landscape view: a mural of woods and a mountain meadow that’s set into the mahogany beams above the brick mantel... Posted at 12:21 PM in On the Market | Permalink | Comments (0)
	05/23/12 Laura Ricketts Plans New Mansion on Wilmette Lakefront Laura Ricketts, a co-owner of the Chicago Cubs, and her partner, Heidi Grathouse, have filed plans with the Village of Wilmette for a new mansion to be built on the 1.2-acre lakefront site they bought two years ago... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (1)
	05/22/12 Rodkin on a Condo’s Value Loss Due to Obstructed Views Readers ask questions, and our real estate expert answers. This week, a reader named Ryan asks if there’s a way to estimate the loss of a condo’s value due to future building projects obstructing the lake view. Posted at 3:16 PM in DEQ's | Permalink | Comments (0)
	05/21/12 Posh Penthouse Purchased for Bargain-Basement Price at Water Tower Place List Price: $2.649 million Sale Price: $1.95 million The Property: The homeowners who struggled to sell their posh top-floor penthouse at Water Tower Place eventually gave the property back to their lender, which sold it May 16 for $1.95 million... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	05/17/12 Crate & Barrel’s Carole Segal Flips a Winnetka Mansion—Literally List Price: $6.499 million The Property: Most people who talk about flipping a house don’t mean it quite as literally as Carole Segal does. At a Winnetka mansion she set out to restore and resell, Segal, who launched Crate & Barrel nearly 50 years ago with her husband, Gordon, flipped the front and back of the house... Posted at 10:05 AM in On the Market | Permalink | Comments (1)
	05/16/12 Pangea Is Reviving Neighborhoods, Building by Building “We don’t want to fix up just a building,” says Al Goldstein of Pangea Properties. “We’re fixing neighborhoods, bringing them back...” Posted at 9:55 AM in Housing Bulletin | Permalink | Comments (0)
	05/15/12 Rodkin on Selling When Your Mortgage is Underwater Readers ask questions, and our real estate expert answers. This week, a reader named Larry asks for advice on selling his home even though his mortgage is underwater. Posted at 11:53 AM in DEQ's | Permalink | Comments (2)
	05/14/12 The Kenwood Home That Houses the ‘Boss’ List Price: $1.65 million Sale Price: $1.525 million The Property: Because trees obscure most of its front, you can’t see much of the façade of this Kenwood Victorian... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (1)
	05/10/12 In Bucktown, A Room with a View of a Room with a View List Price: $2.499 million The Property: The view from the rooftop deck of this house takes in much of what makes Bucktown so great: a mix of vintage and contemporary homes, landmark buildings, church spires, and a blanket of trees. What’s more, the vista includes the lakefront and downtown skylines—and there’s also another interesting perspective inside... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	05/09/12 Two Prairie Homes Go Green—and One Is for Sale Two Prairie-style homes about 25 miles apart have undergone significant green upgrades in the past few years. This month, the owners of the Highland Park house, a Frank Lloyd Wright design from 1905, moved in after a year of renovations... Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (0)
	05/08/12 Rodkin on Refinancing after a Low Appraisal Readers ask questions, and our real estate expert answers. This week, a reader named Corey from Chatham asks what his next step should be after his refinance was denied due to a low appraisal. Posted at 1:07 PM in DEQ's | Permalink | Comments (0)
	05/07/12 New is News in Ukrainian Village List Price: $799,900 Sale Price: $799,900 The Property: Its contemporary exterior helps this newly built residence fit into the dynamic mix of old-line homes and dramatic new structures in Ukrainian Village... Posted at 9:15 AM in Sale of the Week | Permalink | Comments (0)
	05/03/12 Tiptoe Through the Tulips in River Forest List Price: $1.195 million The Property: The tulips bloomed and faded a little early this year, but at one house in River Forest, they’re in perpetual bloom. The home is the design of Robert Spencer, a Prairie-style architect whose handprints are on one of the city’s prettiest public spaces: the south lobby of the Cultural Center, which is filled with glittering tile mosaics... Posted at 10:00 AM in On the Market | Permalink | Comments (1)
	05/02/12 A Big Breakup at the Elysian Two years ago, an options trader bet big on the super-elite condos at the then-new Elysian Tower. This week his bet paid off, though not quite as handsomely as he had hoped. Posted at 3:36 PM in Sale of the Week | Permalink | Comments (2)
	05/02/12 In the Loop, All That Jazz Is Now For Rent A 1929 Loop skyscraper threatened with demolition just over a decade ago has come roaring back in the hands of new owners. It’s now nearing the end of its transition from underused office building to stylish apartment tower... Posted at 10:00 AM in Housing Bulletin | Permalink | Comments (3)
	05/01/12 Rodkin on the Pressure to Buy a Home Readers ask questions, and our real estate expert answers. This week, a reader named Mary from Belmont Cragin asks if she should hurry to buy a home before the low home prices go up. Posted at 4:11 PM in DEQ's | Permalink | Comments (0)

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