Deal Estate - September 2012

09/27/12

Jim McMahon’s Former Home Prepped for Another Championship Season

List Price: $4.954 million
The Property: On an elite wooded street in east Northbrook stands a substantial house with exterior details that you might find on some historical country homes in England...

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

09/26/12

Mother Cabrini Shrine Reopens

At the base of Lincoln Park 2550, a posh condo tower nearing completion at Lakeview Avenue and St. James Place, a modest set of classical columns flanks the project’s southeast corner...

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

09/25/12

Rodkin on ‘Claw Backs’—a.k.a. Refinancing to Regain Equity

Readers ask questions, and our real estate expert answers. This week, a reader named Todd from Naperville asks about doing a refinance to “claw back” the equity in a home.

Posted at 3:54 PM in DEQ's | Permalink | Comments (0)

09/24/12

Odd Façades: E is for Erie, F is for Fish

The Properties: The façades of two recently sold new houses in the city feature big, playful visual puns—and each of them is part of a different builder’s long-range game plan...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (2)

09/20/12

Elmhurst’s Checkerboard Chimney Charmer

List Price: $850,000
The Property: From first sight, it’s obvious that this Normandy-style home has a lot of history in Elmhurst. Built in 1930 as part of a subdivision...

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

09/19/12

Rodkin on Logan Square’s Rebound from the Recession

Readers ask questions, and our real estate expert answers. This week, a reader named Larry, a commercial real estate executive, asks if the number of new businesses—restaurants, coffee shops, and more—in Logan Square would affect how quickly the neighborhood recovers from the recession.

Posted at 11:14 AM in Deal Estate DEQ's | Permalink | Comments (2)

09/19/12

Sales of Distressed Properties on Two-Month Upswing

After a few months of declines, sales of Chicago-area homes that were either foreclosed or sold for less than the value of the mortgage increased in both July and August.

Posted at 9:00 AM in Housing Bulletin | Permalink | Comments (0)

09/17/12

Why Another Homeowner Converted to Renting

List Price: $1.2 million
Sale Price: $1.07 million
The Property: Kathy Posner, the longtime Chicago PR exec and civic volunteer, sold her 2,900-square-foot North Michigan Avenue condo for $1.07 million...

Posted at 9:15 AM in Sale of the Week | Permalink | Comments (6)

09/13/12

All the Marbles, in River North

List Price: $975,000
The Property: One section of River North could be called the town that Montgomery Ward built. Over several decades, the now-defunct retailer built...

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

09/12/12

Chicago Turning into FarmVille

Long known as a city of neighborhoods, Chicago is rapidly becoming a city of neighborhood farms. On top of the countless backyard and community gardens that dot the city, several larger-scale agricultural ventures are underway...

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

09/11/12

Rodkin on Losing Bids to Other Homebuyers

Readers ask questions, and our real estate expert answers. This week, a reader named Lois asks if it’s common for someone to repeatedly lose out to other potential homebuyers offering greater down payments.

Posted at 2:59 PM in DEQ's | Permalink | Comments (0)

09/10/12

Unfinished Business at the Former Elysian

List Price: $4.795 million
Sale Price: $4.3 million
The Property: A healthcare executive who never got around to finishing the 4,000-square-foot condo he bought in 2010 at the Elysian sold it last Thursday for $4.3 million...

Posted at 11:19 AM in Sale of the Week | Permalink | Comments (0)

09/06/12

Playwright Neil LaBute’s North Barrington “Sanctuary”

List Price: $835,000
The Property: For a man whose plays and movies often show the dark and ugly side of human nature, Neil LaBute sure has a light and pretty home...

Posted at 10:13 AM in On the Market | Permalink | Comments (0)

09/05/12

Pieces of Historic Glencoe Mansion Hit Auction Block on Saturday

A historic mansion on Glencoe’s blufftop whose asking price was cut down by over $3 million is itself now getting ready to be taken down—and fans of architectural salvage will get a chance to haul home pieces of it this weekend...

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

09/04/12

Rodkin on the Practice of Stopping Mortgage Payments

Readers ask questions, and our real estate expert answers. This week, a reader named Joey from Beverly asks if he should stop paying the mortgage when he puts his house on the market in order to recover the home's value.

Posted at 4:07 PM in DEQ's | Permalink | Comments (0)

09/03/12

A Shell Off the Shelf in Lincoln Park

List Price: $2.3 million
Sale Price: $1.73 million
The Property: In early August, buyers picked up a shell of a home left unfinished since early 2009. Situated in a quiet, pedestrian-only enclave of new, large homes...

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

	09/27/12 Jim McMahon’s Former Home Prepped for Another Championship Season List Price: $4.954 million The Property: On an elite wooded street in east Northbrook stands a substantial house with exterior details that you might find on some historical country homes in England... Posted at 10:00 AM in On the Market \| Permalink \| Comments (0)
	09/26/12 Mother Cabrini Shrine Reopens At the base of Lincoln Park 2550, a posh condo tower nearing completion at Lakeview Avenue and St. James Place, a modest set of classical columns flanks the project’s southeast corner... Posted at 9:35 AM in Housing Bulletin \| Permalink \| Comments (0)
	09/25/12 Rodkin on ‘Claw Backs’—a.k.a. Refinancing to Regain Equity Readers ask questions, and our real estate expert answers. This week, a reader named Todd from Naperville asks about doing a refinance to “claw back” the equity in a home. Posted at 3:54 PM in DEQ's \| Permalink \| Comments (0)
	09/24/12 Odd Façades: E is for Erie, F is for Fish The Properties: The façades of two recently sold new houses in the city feature big, playful visual puns—and each of them is part of a different builder’s long-range game plan... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (2)
	09/20/12 Elmhurst’s Checkerboard Chimney Charmer List Price: $850,000 The Property: From first sight, it’s obvious that this Normandy-style home has a lot of history in Elmhurst. Built in 1930 as part of a subdivision... Posted at 10:00 AM in On the Market \| Permalink \| Comments (0)
	09/19/12 Rodkin on Logan Square’s Rebound from the Recession Readers ask questions, and our real estate expert answers. This week, a reader named Larry, a commercial real estate executive, asks if the number of new businesses—restaurants, coffee shops, and more—in Logan Square would affect how quickly the neighborhood recovers from the recession. Posted at 11:14 AM in Deal Estate DEQ's \| Permalink \| Comments (2)
	09/19/12 Sales of Distressed Properties on Two-Month Upswing After a few months of declines, sales of Chicago-area homes that were either foreclosed or sold for less than the value of the mortgage increased in both July and August. Posted at 9:00 AM in Housing Bulletin \| Permalink \| Comments (0)
	09/17/12 Why Another Homeowner Converted to Renting List Price: $1.2 million Sale Price: $1.07 million The Property: Kathy Posner, the longtime Chicago PR exec and civic volunteer, sold her 2,900-square-foot North Michigan Avenue condo for $1.07 million... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (6)
	09/13/12 All the Marbles, in River North List Price: $975,000 The Property: One section of River North could be called the town that Montgomery Ward built. Over several decades, the now-defunct retailer built... Posted at 10:00 AM in On the Market \| Permalink \| Comments (0)
	09/12/12 Chicago Turning into FarmVille Long known as a city of neighborhoods, Chicago is rapidly becoming a city of neighborhood farms. On top of the countless backyard and community gardens that dot the city, several larger-scale agricultural ventures are underway... Posted at 9:35 AM in Housing Bulletin \| Permalink \| Comments (1)
	09/11/12 Rodkin on Losing Bids to Other Homebuyers Readers ask questions, and our real estate expert answers. This week, a reader named Lois asks if it’s common for someone to repeatedly lose out to other potential homebuyers offering greater down payments. Posted at 2:59 PM in DEQ's \| Permalink \| Comments (0)
	09/10/12 Unfinished Business at the Former Elysian List Price: $4.795 million Sale Price: $4.3 million The Property: A healthcare executive who never got around to finishing the 4,000-square-foot condo he bought in 2010 at the Elysian sold it last Thursday for $4.3 million... Posted at 11:19 AM in Sale of the Week \| Permalink \| Comments (0)
	09/06/12 Playwright Neil LaBute’s North Barrington “Sanctuary” List Price: $835,000 The Property: For a man whose plays and movies often show the dark and ugly side of human nature, Neil LaBute sure has a light and pretty home... Posted at 10:13 AM in On the Market \| Permalink \| Comments (0)
	09/05/12 Pieces of Historic Glencoe Mansion Hit Auction Block on Saturday A historic mansion on Glencoe’s blufftop whose asking price was cut down by over $3 million is itself now getting ready to be taken down—and fans of architectural salvage will get a chance to haul home pieces of it this weekend... Posted at 9:35 AM in Housing Bulletin \| Permalink \| Comments (2)
	09/04/12 Rodkin on the Practice of Stopping Mortgage Payments Readers ask questions, and our real estate expert answers. This week, a reader named Joey from Beverly asks if he should stop paying the mortgage when he puts his house on the market in order to recover the home's value. Posted at 4:07 PM in DEQ's \| Permalink \| Comments (0)
	09/03/12 A Shell Off the Shelf in Lincoln Park List Price: $2.3 million Sale Price: $1.73 million The Property: In early August, buyers picked up a shell of a home left unfinished since early 2009. Situated in a quiet, pedestrian-only enclave of new, large homes... Posted at 9:15 AM in Sale of the Week \| Permalink \| Comments (0)

September 2012

09/27/12

Jim McMahon’s Former Home Prepped for Another Championship Season

09/26/12

Mother Cabrini Shrine Reopens

09/25/12

Rodkin on ‘Claw Backs’—a.k.a. Refinancing to Regain Equity

09/24/12

Odd Façades: E is for Erie, F is for Fish

09/20/12

Elmhurst’s Checkerboard Chimney Charmer

09/19/12

Rodkin on Logan Square’s Rebound from the Recession

09/19/12

Sales of Distressed Properties on Two-Month Upswing

09/17/12

Why Another Homeowner Converted to Renting

09/13/12

All the Marbles, in River North

09/12/12

Chicago Turning into FarmVille

09/11/12

Rodkin on Losing Bids to Other Homebuyers

09/10/12

Unfinished Business at the Former Elysian

09/06/12

Playwright Neil LaBute’s North Barrington “Sanctuary”

09/05/12

Pieces of Historic Glencoe Mansion Hit Auction Block on Saturday

09/04/12

Rodkin on the Practice of Stopping Mortgage Payments

09/03/12

A Shell Off the Shelf in Lincoln Park

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