Rodkin on Pricing an Empty Lot
Readers ask questions, and our real estate expert answers. This week, a reader named Barry from Mount Prospect asks for advice on how to price an empty lot he wants to buy, which seems to have no comparable sites.
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Deal Estate Extra: Highest-Priced Condo Sale in City’s History
On Friday, Richard Cooper, the head of an Oak Brook-based hedge fund, sold his 66th-floor penthouse at the Park Tower for $15 million, the highest-ever recorded sale price of a Chicago condo…
Elmhurst’s Priciest House Sale Ever
List Price: $3.2 million
Sale Price: $2.56 million
The Property: This 15-room house near the heart of Elmhurst sold for more than any other residence in the town ever has, according to multiple listing service records that date back to 1980…
Reasons to Look Up, in Lincoln Park
List Price: $3.35 million
The Property: On a block in Lincoln Park, things are really headed up. Over the past year, two neighboring houses have sold for more than $4 million each, and across the street, the last remaining old-time eyesore is now undergoing extensive rehab…
For Apartment Rents, the Forecast is a Four-Cast
Apartment rents have been rising and will keep going up for the near future—but at three different rates in three different strata of the market, according to speakers at last week’s Lincoln Park Builders Real Estate Forum ’12. In the fourth and bottom layer, they will remain flat…
Rodkin on Where to Buy—West Ridge, Rogers Park, or Edgewater?
Readers ask questions, and our real estate expert answers. This week, a reader named Jerry from Rogers Park asks which neighborhood would be the best place to buy a home on the far North Side of Chicago.
Deal Estate Flash: Lot Next Door to Obama House on the Market
One of the most controversial pieces of Kenwood property, the vacant lot next door to the house of President Barack Obama, went up for sale today. The sellers are asking $899,000. That’s 33 percent more than they paid for the 50-by-150-foot lot in March 2008, before Obama’s election presumably jacked up the value of properties near his…
In a Down Market, Flatlining Can Be a Good Thing
List Price: $1.299 million
Sale Price: $1.325 million
The Property: The roofline isn’t the only thing about this Lake View house that is flat. On November 2, it sold for the third time in its six-year lifespan—and it went for roughly the same amount as it had the first two times…
The Shop Around the Corner—Now a Lake View Condo
List Price: $950,000
The Property: East Lake View is now so full of restaurants and homes that it’s hard to imagine that, just a century ago, a swath of it around Halsted and Aldine Streets was a landscape plant farm filled with greenhouses owned by the Wittbold family…
Fifty-Year Marina City Resident Reflects on Life in the Landmark Towers
In July 1962, Dr. Theresa Southgate had the then-eccentric idea that she ought to live within walking distance of her new job at JAMA: The Journal of the American Medical Association, headquartered at Dearborn and Grand. “It was an awful neighborhood then, [with] nowhere to live,” Southgate recalls. But there was one big apartment project under construction four blocks south of the office, so she signed a lease…