No Little Price Tag For Daniel Burnham-Designed Home
A Kenilworth residence designed by the legendary planner escapes the endangered list, goes on the market
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How Foreclosures and Land Banking Could Transform Midwestern Cities
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…
In Winnetka, a Tudor for the 21st Century
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…
Rodkin on Why He's 'Cranky' about the Chicago Housing Market
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.
Riding High at the Bristol
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…
Former Chapel Now a Heavenly House in LaGrange
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…
Finding an Affordable Home Near a Good School
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…
Rodkin on Selling to Take Advantage of a Property Shortage in the Market
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.
In Oak Brook, a Dance of the Seven Veils Pricing Strategy
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…
A Lake View Penthouse That’s Really a Penthouse
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…