Deal Estate - October 2010

10/28/10

All in the (Naperville) Family

List Price: $1.485 million
The Property: There aren’t too many families that can outgrow a six-bedroom, 6,500-square-foot house, but Mike and Nancy Cowden managed to do it...

Posted at 10:19 AM in On the Market | Permalink | Comments (0)

10/27/10

More Aid in the Works for Struggling Illinois Homeowners

In 2011, tens of thousands of struggling Illinois homeowners may receive the financial aid they need to hold onto their houses under a program being prepared by the Illinois Housing Development Authority (IHDA). The agency has been allocated $445.6 million of U.S. Treasury TARP funds to help unemployed and under-employed homeowners stay out of foreclosure and is now working on the details of how to get that money to homeowners...

Posted at 9:34 AM in Housing Bulletin | Permalink | Comments (0)

10/25/10

Bannockburn Foreclosure Was Bear’s Rental Lair

List Price: $1.375 million
Sale Price: $1.375 million
The Property: This 11-room Bannockburn home, which sold at foreclosure on September 30th, was rented for a year by Orlando Pace, the onetime offensive tackle for the Chicago Bears...

Posted at 9:32 AM in Sale of the Week | Permalink | Comments (0)

10/21/10

Going the Extra Mile in Hinsdale

List Price: $2,799,900
The Property: The wood, stone, and copper that detail the peaked façade of this newly built Hinsdale house hint at the level of attention that went into the 18-room interior. “The wood trim in here is measured in miles,” says Bryan Bomba, the Coldwell Banker agent representing the house for its builder, Montreux Custom Homes...

Posted at 10:21 AM in On the Market | Permalink | Comments (0)

10/20/10

Driehaus Awards Go to Two Residential Reuse Projects

On Saturday, two Chicago residential projects will be among nine recipients of Richard H. Driehaus Foundation Preservation Awards from Landmarks Illinois...

Posted at 10:17 AM in Housing Bulletin | Permalink | Comments (0)

10/18/10

A Fixed-Up Foreclosure Sells Fast in Lincoln Park

List Price: $1.674 million
Sale Price: $1.55 million
The Property: Formerly a three-flat, this 116-year-old building in Lincoln Park was being converted into a single-family home when its owner defaulted on a $2.6-million mortgage. But unlike most sellers of foreclosures, the entity that put this one back on the market (not the original lender) didn’t leave it in its junked condition but put it back into livable shape...

Posted at 9:31 AM in Sale of the Week | Permalink | Comments (0)

10/15/10

Deal Estate Flash: Ex-Bull Brad Miller Cuts the Price of His Highland Park Home

Brad Miller, the seven-footer who did two tours of duty with the Chicago Bulls, has reduced the asking price on his former home in Highland Park to $1.199 million. He made the 4 percent price cut on September 30th, just 28 days after the home went on the market with an asking price of $1.250 million...

Posted at 11:55 AM in On the Market | Permalink | Comments (0)

10/14/10

From the 41st Floor, a Columbian Exhibition

List Price: $1.899 million
The Property: The view of the Museum Campus and the lakefront from unit 4101 of The Columbian is magnificent. Although the 46-story condo tower in the southwest corner of Grant Park was completed in 2008, this unit is one of three penthouses on the 41st floor that the developers put on the market this past summer—but as the one that occupies the full east side of the floor, it offers the most enticing vistas...

Posted at 9:20 AM in On the Market | Permalink | Comments (0)

10/13/10

How Will the Stay on Foreclosures Affect Home Sales?

The foreclosure market has been thrown into turmoil after several big banks halted foreclosure actions and several state attorneys general started looking into possibly erroneous foreclosure processing by many lenders. There is even a call in Washington for a government-imposed moratorium on foreclosures...

Posted at 9:34 AM in Housing Bulletin | Permalink | Comments (0)

10/11/10

Lake View's House of Two Hawks

List Price: $1.495 million
Sale Price: $1.4 million
The Property: Since it was built in 2004, this ten-room house in Lake View has been home to two different short-time members of the Chicago Blackhawks...

Posted at 9:03 AM in Sale of the Week | Permalink | Comments (0)

10/07/10

Expectant Lemont Couple Make Room at the Inn, in Lemont

List Price: $750,000
The Property: Dating to the 1850s or 1860s, this Victorian delicacy was recently fitted out as a bed and breakfast. But once its owners, Cyndi and Paul Busse, learned they were expecting a baby, they opted instead to put the place on the market as a private home, says their agent, Sharon Sodikoff...

Posted at 9:34 AM in On the Market | Permalink | Comments (0)

10/06/10

Age Limit and Prices Drop at Wilmette’s Mallinckrodt in the Park

At Wilmette’s Mallinckrodt in the Park, a seniors-only development housed in the former Mallinckrodt College, 26 of the 81 units remain unsold five years after the conversion. But recent action by the village could help animate sales...

Posted at 11:03 AM in Housing Bulletin | Permalink | Comments (0)

10/04/10

An Early Wright Revamp in Oak Park

List Price: $1.195 million
Sale Price: $1.050 million
The Property: Renovated by Frank Lloyd Wright early in his career, this 17-room Oak Park house had been on and off the market for more than two years before finally selling at about 61 percent of its original asking price...

Posted at 9:20 AM in Sale of the Week | Permalink | Comments (0)

October 2010