Chicago’s Least Expensive Homes Even Less Expensive
TREND: The bottom tier of city’s housing stock lost more value than those above it
Ad Categories: Real Estate
Where Homeowners Are Underwater and Behind on Their Mortgage
The new data from Case-Shiller released Tuesday showed that local home prices in March 2012 were down 39 percent from their October 2006 peak. That drop likely means even more homeowners are being pushed underwater—that is, they owe more on the mortgage than their homes are worth…
Rodkin on Buying or Renting During a Time of Transition
Readers ask questions, and our real estate expert answers. This week, a reader named Chris from Schaumburg asks if renting is a better option than buying since he has a baby on the way and he may go back to school.
An Italianate Short Sale in Highland Park
List Price: $1.5 million
Sale Price: $1.2 million
The Property: This Italianate home with a two-story bay of windows positioned to capture breezes off nearby Lake Michigan was built in 1873 as a model home for the nascent Highland Park…
A Guide to West Loop: Where to Eat, Shop, and Play
INSIDER’S GUIDE: With the opening of a new el stop and summer fests galore, Oprah’s old stomping ground is now a juicy destination all its own
In Sheridan Park, Prairie Style Meets Arts and Crafts
List Price: $799,000
The Property: There’s a pretty street view framed by the long rectangular porch of this Prairie-style house built in 1908 in the Sheridan Park section of Uptown. Inside the living room, there is another framed landscape view: a mural of woods and a mountain meadow that’s set into the mahogany beams above the brick mantel…
Laura Ricketts Plans New Mansion on Wilmette Lakefront
Laura Ricketts, a co-owner of the Chicago Cubs, and her partner, Heidi Grathouse, have filed plans with the Village of Wilmette for a new mansion to be built on the 1.2-acre lakefront site they bought two years ago…
Rodkin on a Condo’s Value Loss Due to Obstructed Views
Readers ask questions, and our real estate expert answers. This week, a reader named Ryan asks if there’s a way to estimate the loss of a condo’s value due to future building projects obstructing the lake view.
Posh Penthouse Purchased for Bargain-Basement Price at Water Tower Place
List Price: $2.649 million
Sale Price: $1.95 million
The Property: The homeowners who struggled to sell their posh top-floor penthouse at Water Tower Place eventually gave the property back to their lender, which sold it May 16 for $1.95 million…
Crate & Barrel’s Carole Segal Flips a Winnetka Mansion—Literally
List Price: $6.499 million
The Property: Most people who talk about flipping a house don’t mean it quite as literally as Carole Segal does. At a Winnetka mansion she set out to restore and resell, Segal, who launched Crate & Barrel nearly 50 years ago with her husband, Gordon, flipped the front and back of the house…