We’ve known for a few years that the foreclosure crisis has led banks to offer some seized homes at bargain-basement prices. Now an executive with a real-estate company that focuses on foreclosures has predicted that this sales trend could have an upside for hard-hit Midwestern cities, transforming them into some of the most desirable places to live in the country…
List Price: $3.1 million
The Property: When it was built in 1903, this Tudor-style home in Winnetka was more of a country house, with just one large estate between it and nearby Lake Michigan. More than 100 years later, it still retains all its charm and comforts…
Readers ask questions, and our real estate expert answers. This week, a reader named Jeannie from South Loop asks why Dennis Rodkin is so “cranky” about real estate in the Chicago area.
List Price: $6.795 million
Sale Price: $6 million
The Property: A two-story penthouse at the top of the Bristol, a condominium building at 57 East Delaware Place, sold Tuesday for $6 million…
List Price: $699,900
The Property: As you will see in today’s video, the old informs the new in this century-old Swedish Evangelical chapel in LaGrange that’s now a three-bedroom house. For instance, the colors of the stained glass windows dictate the palette of the tile in the kitchen, as well as most wall colors…
There are many nice homes for sale or rent in Chicago, and there are some high-performing schools. But finding a home in the district of a good CPS school was a little like playing chess on two different boards at once—that is, until the introduction of SchoolSparrow…
Readers ask questions, and our real estate expert answers. This week, a reader named Pam from Lake View asks if she should sell her condo after receiving a newsletter from a real estate agent about a shortage in the housing market.
List Price: $2.499 million
Sale Price: $2.3 million
The Property: In the three years between going on the market at $3.595 million in June 2009 and being sold for $2.3 million in June 2012, this Oak Brook house underwent 38 price cuts—some as little as a dollar…
List Price: $895,000
The Property: It’s common in new buildings to have several floors of penthouses. But in a 1926 co-op on Lake Shore Drive in Lake View, there’s just one penthouse floor, the 17th, which can be reached only from the 16th floor by a private staircase…
Between 2009 and 2011, about 10 percent of Chicago’s rental housing passed through some stage of foreclosure, often leaving paid-up tenants in a gray area when a building’s foreclosing lender didn’t resell the place to a new landlord quickly. That’s where Nancy Enopena found herself this past winter after the Albany Park house where she rents a bedroom was without heat or hot water for five months—and without any water at all for several weeks…
