Deal Estate - November 2011

11/30/11

Jennifer Hudson Buying in Burr Ridge

Jennifer Hudson, the Oscar- and Grammy-winning singer and actress who got her start on American Idol, has a contract pending on a 12,000-square-foot home in Burr Ridge that was for sale at $2.795 million...

Posted at 8:35 AM in Housing Bulletin | Permalink | Comments (1)

11/29/11

Rodkin on Reasons to Refinance

Readers ask questions, and our real estate expert answers. This week, a reader named Peter from the Northwest Side asks whether or not he should refinance.

Posted at 2:06 PM in DEQ's | Permalink | Comments (0)

11/28/11

From Butter Factory to Spacious Edgewater Glen Home

A century-old butter factory-turned-plumbing warehouse, converted into a single-family home with a spacious deck and lawn in 2005, sells for $915,000 in a sub-neighborhood of Edgewater.

Posted at 10:08 AM in Sale of the Week | Permalink | Comments (0)

11/25/11

Three Slices of Goldberg’s Marina City Pie

List Price: $535,000
The Property: Would you like a slice of pie? How about three? This Marina City condo combines three of the buildings’ famously pie-shape studio apartments into a single two-bedroom, two-bath home. And it comes with a delicious topping: three of the distinctive semi-circular balconies, which together provide a crescent of views of the downtown skyline, as well as the Chicago River and its historic bridges...

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

11/23/11

Aid for Illinois Homeless Programs Is Running Out

An Illinois program that has a solid track record of preventing families from becoming homeless due to temporary crises in their finances is about to run out of money. The Illinois Homeless Prevention Program provides small grants to families that help them weather short-term financial problems that threaten to force them out of their homes. In 2010, the average grant was $916—which shows just how thin the line is between being housed and being homeless for many Illinois families...

Posted at 9:41 AM in Housing Bulletin | Permalink | Comments (3)

11/22/11

Rodkin on Getting a Mortgage After a Deed in Lieu of Foreclosure

Readers ask questions, and our real estate expert answers. This week, a reader named Sharon asks about her chances of getting a future mortgage after a deed in lieu of foreclosure.

Posted at 2:12 PM in DEQ's | Permalink | Comments (1)

11/21/11

Former Tribune CEO Randy Michaels Sells at a Loss

List Price: $889,000
Sale Price: $810,000
The Property: On Friday, the former Tribune CEO Randy Michaels sold his top-floor condo at 240 East Illinois. Michaels initially listed the 1,637-square-foot condo for sale in January, asking $989,000...

Posted at 11:23 AM in Housing Bulletin | Permalink | Comments (4)

11/21/11

The Fourth Cut Brings Forth Bidders in Southport Corridor

List Price: $1.599 million
Sale Price: $1.599 million
The Property: When it hit the market in June, this home in the Southport Corridor was sure to get noticed, with its façade of many materials, its six outdoor terraces, and its style-setting interior finishes...

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

11/17/11

A Lincoln Park House of Unknown Origin

List Price: $4 million
The Property: Although it’s one of the biggest and most eye-catching homes on a Lincoln Park street lined with landmarks, there is very little known about the origins of today’s house. That’s surprising, because someone in the early 1890s did a fine job of creating a distinctive home with a broad façade of rough-hewn stone capped by a turret and a mansard roof...

Posted at 10:00 AM in On the Market | Permalink | Comments (1)

11/16/11

Going Green Made Easier

In 2008, Laura Reedy Stukel set out to do an environmentally sensitive rehab of her Elmhurst home. “I spent two hours a night for months researching windows and whatever,” she recalls. “It was impossibly complicated...”

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

11/15/11

Rodkin on When the Housing Market Will Bounce Back

Readers ask questions, and our real estate expert answers. This week, a reader named Mabel asks for a realistic forecast of when the housing market will bounce back.

Posted at 2:46 PM in DEQ's | Permalink | Comments (2)

11/14/11

Another House Sale Related to Blagojevich Scandal

List Price: $1.87 million
Sale Price: $1.55 million
The Property: This 103-year-old Tudor-style home in Glencoe was sold last week by P. Nicholas Hurtgen, a former investment banker involved in the influence-peddling scandal surrounding former governor Rod Blagojevich...

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

11/10/11

Looking Good, Inside and Out, at the Fordham

List Price: $1.995 million
The Property: There’s a tasteful three-bedroom condo for sale on the 42nd floor of the Fordham, the 50-story condo tower at 25 East Superior Street, but some of its appeal comes from what lies outside its walls—as well as what doesn’t...

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

11/09/11

Zillow’s Third-Quarter Report on the Chicago-area Housing Market

It’s hard to be a glass-half-full person about real estate with five years of declines behind us and at least another year of bleakness in the forecasts. But the third-quarter data released by Zillow this week does show where the bright spots are on the Chicago-area map...

Posted at 10:00 AM in Housing Bulletin | Permalink | Comments (0)

11/08/11

Rodkin on Deficiency Liability in a Short Sale

Readers ask questions, and our real estate expert answers. This week, in a follow-up question to last week's, a reader named Barry asks if the deficiency in a short sale can be held against both parties on the title if one of them is bankrupt.

Posted at 1:05 PM in DEQ's | Permalink | Comments (1)

11/07/11

Did a $1 Million Foreclosure Help the Glenview Market?

List Price: $999,000
Sale Price: $1 million
The Property: The agent who sold this foreclosed 12-room house in a very desirable east neighborhood in Glenview thinks that the sale helped nudge the town’s real-estate market upward a smidge, rather than hurt nearby sellers, as many foreclosures have been shown to do...

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

11/03/11

East Lake Shore Drive’s Marshall Plan

List Price: $2.595 million
The Property: Designed by the architect Benjamin Marshall and completed in 1912, the brick and limestone confection that is 999 North Lake Shore Drive set the tone for what would become one of Chicago’s most elegant neighborhoods: East Lake Shore Drive...

Posted at 10:00 AM in On the Market | Permalink | Comments (3)

11/02/11

Lincoln Park Makes Way for Another Megamansion

List Price: $2.85 million
Sale Price: $2.55 million
The Property: Four 1980s townhouses in Lincoln Park have been sold to a developer that hopes to build a single megamansion on the site...

Posted at 12:44 PM in Sale of the Week | Permalink | Comments (0)

11/01/11

Rodkin on the Mortgage Balance Left Unpaid in a Short Sale

Readers ask questions, and our real estate expert answers. This week, a reader named Barry asks for advice on the potential liability to repay the difference between the short-sale proceeds and mortgage balance due.

Posted at 3:11 PM in DEQ's | Permalink | Comments (0)

November 2011

11/30/11

11/29/11

11/28/11

11/25/11

11/23/11

11/22/11

11/21/11

11/21/11

11/17/11

11/16/11

11/15/11

11/14/11

11/10/11

11/09/11

11/08/11

11/07/11

11/03/11

11/02/11

11/01/11

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