Deal Estate
 

October 2012

10/31/12

Cook County Puts 200 Long-Empty Homes Back to Use by Needy Families

A little over a year ago, almost ten percent of the 2,100 public-housing units owned by the Housing Authority of Cook County had stood empty for two years or more. That meant the county was failing to house about 200 needy households, even though it had spaces for them. But after an aggressive round of rehab—and a shakeup of the agency—those 200 units have been put back in use...

Posted at 10:28 AM in Housing Bulletin Real Estate | Permalink | Comments (1)

Rodkin on How to Sell a House Fast

10/30/12

Rodkin on How to Sell a House Fast

Readers ask questions, and our real estate expert answers. This week, a reader named Brittani from Romeoville asks for tips on selling her home quickly.

Posted at 3:33 PM in DEQ's | Permalink | Comments (2)

Beachy Keen in Edgewater

10/29/12

Beachy Keen in Edgewater

List Price: $1.495 million
Sale Price: $1.2 million
The Property: Behind the crazy glass, steel, and brick geometry of this Edgewater townhouse lies a distinctive space: a 10-room home from which residents can walk right out onto the northernmost tip of Lincoln Park and the park’s farthest-north beach Kathy Osterman Beach...

Posted at 11:11 AM in Sale of the Week | Permalink | Comments (0)

Old Town in Bloom

10/25/12

Old Town in Bloom

List Price: $5.7 million
The Property: Over the past ten years, this perfectly nice vintage home in Old Town has bloomed. Opened up with the addition of a second lot next door, the house, thanks to its present seller, Kemery Bloom, has come to life, inside and out...

Posted at 12:43 PM in On the Market | Permalink | Comments (2)

A Recessionary Boom: Condo Rental Management

10/24/12

A Recessionary Boom: Condo Rental Management

Soon after T. J. Rubin got into the apartment leasing business in late 2008, the market had some news for him: He was mostly going to be in the condo leasing business instead...

Posted at 10:40 AM in Housing Bulletin | Permalink | Comments (0)

Rodkin on Home Appraisals During a Divorce

10/23/12

Rodkin on Home Appraisals During a Divorce

Readers ask questions, and our real estate expert answers. This week, a reader named Annette from Lincolnwood asks which home appraisal is more accurate: The appraisal she and her husband got initially as part of their divorce, or the much lower one paid for by her husband.

Posted at 3:36 PM in DEQ's | Permalink | Comments (1)

Glencoe House Joins Neighbor in $4 Million-Plus Club

10/22/12

Glencoe House Joins Neighbor in $4 Million-Plus Club

List Price: $4.5 million
Sale Price: $4.5 million
The Property: When it sold October 11, this home on the bluff above Lake Michigan in Glencoe was the second on its block to go for over $4 million in the past few months...

Posted at 10:15 AM in Sale of the Week | Permalink | Comments (0)

Afloat Over Lake View in a Milton Schwartz Penthouse

10/18/12

Afloat Over Lake View in a Milton Schwartz Penthouse

List Price: $669,000
The Property: Milton Schwartz was a modernist Chicago architect best known for later buildings like the Hotel 71 (formerly the Executive House) on Wacker Drive and the now-demolished Dunes Hotel in Las Vegas...

Posted at 12:22 PM in On the Market | Permalink | Comments (0)

Ambassador Carol Moseley Braun, Facing Foreclosure, Sells Short

10/17/12

Ambassador Carol Moseley Braun, Facing Foreclosure, Sells Short

Two years after she listed her Hyde Park home for sale with an optimistic asking price, former U.S. Senator and Ambassador Carol Moseley Braun has sold it as a short sale, for less than she owed on the mortgage. A lender had started the foreclosure process on the property in mid-September...

Posted at 12:23 PM in Housing Bulletin | Permalink | Comments (2)

Kenwood’s Double Shot of Frank Lloyd Wright

10/17/12

Kenwood’s Double Shot of Frank Lloyd Wright

Last week, two neighboring homes in Kenwood both came on the market on the same day at the same price, $1.48 million. Although they hardly resemble one another, they have a lot in common. Both were designed by Frank Lloyd Wright at an early but pivotal point in his career...

Posted at 12:11 PM in Housing Bulletin | Permalink | Comments (0)

Rodkin on Why a Seemingly Ideal Home Isn’t Selling

10/16/12

Rodkin on Why a Seemingly Ideal Home Isn’t Selling

Readers ask questions, and our real estate expert answers. This week, a reader named Nathaniel from River North asks why his parents’ North Barrington home—with its beautiful grounds, new roof, and new central air system—is not selling.

Posted at 11:57 AM in DEQ's | Permalink | Comments (0)

Fisher Condo Finally Reels in a Buyer

10/15/12

Fisher Condo Finally Reels in a Buyer

List Price: $1,095,000
Sale Price: $1,159,000
The Property: The largest and most lavishly ornamented condo in the landmark art moderne Fisher Studio Houses sold October 9 after more than three and a half years on the market...

Posted at 11:14 AM in Sale of the Week | Permalink | Comments (0)

Keck & Keck in Flossmoor

10/11/12

Keck & Keck in Flossmoor

List Price: $425,000
The Property: Chicagoans first saw the architecture of the Keck brothers at the Century of Progress Exposition, the world’s fair held here along Lake Michigan in 1933...

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

A Baby Boomlet in Bridgeport

10/10/12

A Baby Boomlet in Bridgeport

In another sign of the renaissance of family living in the city, a townhouse development in urban Bridgeport is witnessing a baby boom of the sort that’s usually associated with suburban neighborhoods...

Posted at 9:35 AM in Housing Bulletin | Permalink | Comments (2)

Rodkin on the Best Real Estate Websites

10/09/12

Rodkin on the Best Real Estate Websites

Readers ask questions, and our real estate expert answers. This week, a reader named Veronica from West Loop asks which real estate website she should use when shopping for a home. Rodkin explains the pros and cons of a few different ones.

Posted at 4:39 PM in DEQ's | Permalink | Comments (2)

Maybe Third Time’s the Charm in Kenilworth

10/08/12

Maybe Third Time’s the Charm in Kenilworth

List Price: $3.795 million
Sale Price: $3.25 million
The Property: At the end of September, this Kenilworth mansion sold at a steep discount for the third time in three and a half years...

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

Rekindling a Post-Fire Row House in Lincoln Park

10/04/12

Rekindling a Post-Fire Row House in Lincoln Park

List Price: $2.599 million
The Property: In the years just after the Great Chicago Fire—whose 141st anniversary is Monday—the prolific architect Edward Burling put up numerous buildings in the city, including, in 1875, a string of ten row houses on the Lincoln Park street that now bears his name...

Posted at 2:00 PM in On the Market | Permalink | Comments (1)

Four Real-Estate/Architecture Events

10/03/12

Four Real-Estate/Architecture Events

You can tell it’s fall when the calendar starts to fill up with must-do events. Here are four that should interest people intrigued by Chicago architecture and real estate...

Posted at 2:31 PM in Housing Bulletin | Permalink | Comments (0)

The Best We Could Get Was 88th Place?

10/03/12

The Best We Could Get Was 88th Place?

A new national ranking of suburbs came out last week, bringing with it two surprises for Chicagoans. The first surprise was that a place many don’t even know exists...

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

Rodkin on Why Contracts Dry Up—and What to Do about It

10/02/12

Rodkin on Why Contracts Dry Up—and What to Do about It

Readers ask questions, and our real estate expert answers. This week, a reader named Ellen from Old Irving Park asks why people who are interested in buying homes are allowing their contracts to dry up.

Posted at 3:15 PM in DEQ's | Permalink | Comments (0)

Mr. Big Stuff Eats Crow

10/01/12

Mr. Big Stuff Eats Crow

List Price: $749,900
Sale Price: $685,000
The Property: In June, Scott Sasse, a real-estate agent who specializes in the West Loop, e-mailed me the listing for his own condo, which he had just put on the market...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (5)

About This Blog

Deal Estate: The Blog is the online extension of Chicago magazine’s monthly “Deal Estate” column, which is written by Dennis Rodkin. On the blog, Rodkin—who has been covering the local housing scene for Chicago since 1991—provides timely updates on new homes to hit the market, recent high-end sales, and other residential real-estate news from the city and suburbs.

Got a hot housing tip? Contact Rodkin at dennis@rodkin.com.
Follow Dennis on Twitter at twitter.com/dealestate
And with our friends at CLTV's HomesPlus

 

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