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September 2010

	09/30/10 True to Form in Irving Park List Price: $859,700 The Property: In 1999, when Charlie and Natalie Walsh bought this big brick house in Chicago’s Irving Park neighborhood, “almost nothing had been done to it since the 1950s,” Natalie says. Since buying the place, the Walshes have extensively remodeled and updated the house, always trying to stay true to its original design... Posted at 9:46 AM in On the Market | Permalink | Comments (0)
09/29/10 Selling Time Increases Significantly in Many Communities Comparing Chicago’s annual real-estate charts from 2006 to the ones that appeared in the October 2010 issue of the magazine, I found that the average length of time that a house waits on the market has more than doubled in 29 Chicago neighborhoods and 129 suburbs. The two places where market time has lengthened the most over those four years are Montclare on Chicago’s Northwest Side and Lake Forest on the North Shore... Posted at 12:33 PM in Housing Bulletin | Permalink | Comments (0)
	09/27/10 Citadel Executive Is the New Owner of Rezko’s Former Home List Price: $3.587 million Sale Price: $3.701 million The Property: The 30-room Wilmette mansion where the now-imprisoned political wheeler-dealer Tony Rezko threw fundraisers for Barack Obama and Rod Blagojevich is undergoing renovations by its new owners, Dan Johnson, the managing director of Citadel Investment Group, and his wife, Katherine “Katsy” Johnson, an artist... Posted at 12:12 PM in Sale of the Week | Permalink | Comments (0)
	09/23/10 A Mediterranean Villa in Highland Park List Price: $2,895,000 The Property: It started life in 1907 as a cedar-clad Colonial, but in 1930 this Highland Park home underwent a transformation into a Mediterranean-style villa, complete with a giant wall of cut stone embracing the entrance, wrought iron balconies, and carved walnut doors in the main rooms... Posted at 1:10 PM in On the Market | Permalink | Comments (1)
09/22/10 For Some Communities, It’s 2002 All Over Again Since the real-estate downturn began, the S&P/Case-Shiller index of home prices has been a good measure of where prices stand relative to where they used to be. For the past several months, the index has had current residential sale prices in the Chicago area running about where they were in mid to late 2002... Posted at 11:53 AM in Housing Bulletin | Permalink | Comments (0)
	09/21/10 Above It All List Price: $2.8 million The Property: The view from this condo on the 54th floor of the Heritage, the 57-story tower immediately west of the Cultural Center, takes in Millennium Park, Grant Park, and Lake Michigan. Even on the stormy day when we shot our photos and video, the views were breathtaking... Posted at 9:25 AM in On the Market | Permalink | Comments (2)
	09/20/10 Another Job Lost, Another Short Sale—Long Grove List Price: $799,900 Sale Price: $799,000 The Property: Set on nearly an acre in Long Grove, this 11-room house sold Thursday for 63 percent of the $1.25 million that its sellers had paid for it new in 2005. Posted at 9:17 AM in Sale of the Week | Permalink | Comments (0)
09/15/10 Who Bought Best in 1994? For the great majority of Chicago-area homeowners, the real-estate charts in Chicago’s October issue (just hitting newsstands this week) reflect the dreary news in the housing market. But there are some people who will get a little boost when they check out how their neighborhood or suburb performed... Posted at 9:28 AM in Housing Bulletin | Permalink | Comments (3)
	09/13/10 From One Highland Park Estate to Another List Price: $3.25 million Sale Price: $2.65 million The Property: Three years ago, Jim and Wendy Abrams bought and began renovations on the 17.5-acre Highland Park estate that the United States had seized from the jailed insurance executive Mickey Segal... Posted at 1:09 PM in Sale of the Week | Permalink | Comments (0)
	09/09/10 A Regal Overhaul of a Lincoln Park Queen Anne List Price: $1.625 million The Property: After Anne and Jan Maitland bought this Queen Anne house in 2003, they set about restoring the interior. The foyer, living room, and stairs still retained much of their original detail—nice stained glass, pretty fretwork on the door, and intricate wooden lace on the staircase—so they kept that... Posted at 12:23 PM in On the Market | Permalink | Comments (1)
09/08/10 Deal Estate Flash: Cubs President Sells Winnetka Home Crane Kenney, the president of the Chicago Cubs, has sold his former home in Winnetka. The deal closed September 3rd at $2,582,500; the asking price had been $2,849,000... Posted at 12:15 PM in Housing Bulletin | Permalink | Comments (0)
	09/08/10 Daley’s New Condo Conversion Rules: Too Much, Too Late? At today’s Chicago City Council meeting, Mayor Daley will introduce an ordinance designed to protect renters whose buildings are going condo, as well as the people who end up buying those condominiums. But not only do these protections come long after the condo conversion boom is over, they also include provisions that could put a burden on developers and perhaps delay any new wave of condo conversions... Posted at 10:02 AM in Housing Bulletin | Permalink | Comments (0)
	09/07/10 Glenview’s Priciest Sale Since 2008 List Price: $3.15 million Sale Price: $2.85 million The Property: Set amid lush landscaping and towering oak trees, this 15-room house with a large wrap-around porch sold for the highest price in Glenview since early 2008. Built in 2000 on an acre and a half of land, the house has five bedrooms and seven-plus bathrooms... Posted at 9:14 AM in Sale of the Week | Permalink | Comments (0)
	09/02/10 From Warehouse to Their House, in Bucktown List Price: $3.275 million The Property: An old triangular brick warehouse, last used as a distributorship for Polish folklore items, became a stylish home in the hands of the developers Bob and Karen Ranquist. The mix of original wood beams and brick with new wooden stairs, steel beams in the kitchen addition, and funky custom light fixtures by Toronto’s Castor design gives the home a warm, hand-honed feeling... Posted at 3:28 PM in On the Market | Permalink | Comments (2)
	09/01/10 A Man’s Dream is His Castle About a mile south of the O’Hare Oasis on the Tri-State Tollway, a billboard trumpets, “King Wanted.” It’s part of Paul Iwanski’s marketing campaign to sell the 18,000-square-foot castle he is building on a one-acre lot in Oak Brook... Posted at 12:14 PM in Housing Bulletin | Permalink | Comments (1)

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