Readers ask questions, and our real estate expert answers. This week, a reader named Don from Streeterville asks if he and his sister should invest in foreclosures despite their concerns about undesirable tenants and high maintenance costs.
A Frank Lloyd Wright short sale and other updates from the real estate front
List Price: $1.849 million
Sale Price: $1.7 million
The Property: This 13-room house is across the street from Blaine Elementary, one of the city’s best-performing grade schools and an anchor for families who want to be in the Southport Corridor zone of hipness…
In the 1880s, the railroad-car magnate George Pullman built a factory and a company town for his employees on what’s now Chicago’s Far South Side. The industrial works have largely disappeared…
If your Twitter feed is anything like mine, it seemed to be in two moods on Tuesday morning. Shortly after the release of the latest monthly data from the S&P/Case Shiller Index, the tweeting started—“Home Prices Continue to Rise: Housing is Now Economic ‘Bright Spot’” was the tone of the national news…
Readers ask questions, and our real estate expert answers. This week, a reader named Lynn asks if she should sell her elderly mother’s house as is, or if she should remodel the dated kitchen and baths. She worries about making a profit and the clock is ticking.
List Price: $899,000
Sale Price: $795,000
The Property: In December 2003, fresh off an extensive restoration, this house in a picturesque section of Riverside sold for $1 million…
List Price: $1.999 million
The Property: Bucktown has matured nicely over the past decade, as has this neighborhood house—though en route from party pad to high-end family home, it took a detour into foreclosure…
Celebrate the new year all over again on the South Side
The year-end real-estate data has been rolling in for the past week or so, and much of it is encouraging. But there’s something that bugs me—and, I believe, a lot of sellers or potential sellers…
