Readers ask questions, and our real estate expert answers. This week, a reader named Bob from Jefferson Park says developers have contacted him about buying his home. He asks if the house is a potential teardown that would allow him to sell as is, at a premium.
During the month of March, four homes each sold for exactly $1 million. There’s nothing magical about that number, but as benchmarks go, it has an undeniable appeal. So what is a million-dollar house?…
List Price: $2.2 million
The Property: In the late 19th and early 20th centuries, working-class immigrants were pouring into Chicago, many of them into housing with little or no indoor plumbing. In response, the city built 19 bathhouses, where people could go to clean up…
Positive signs in the housing market these days are outnumbered by negative ones—such as the data released Tuesday by Case Shiller that showed Chicago home values in January 2012 dipping back to January 2001 levels. And in neighborhoods that are largely African-American or Latino, the positives are even fewer…
Tiny houses have a cult following on the Internet, but they’re hard to find in big cities. Fortunately, there’s one in Chicago—though it’s way, way out there in Dunning.
Readers ask questions, and our real estate expert answers. This week, a reader named Gary from Chicago asks whether a composite fence or a wood fence would increase the value of his home.
THE HIGH THE PRICEY: Take a peek at the priciest deals for the last six months of 2011
List Price: $3.66 million Sale Price: $3.66 million The Property: A new mansion will soon start going up on the 1900 block of Burling Street, midway between the house with the giant blue sculpture and the so-called Parrillo Palace. On March 19, BGD&C, a builder of high-end homes, sold a lot that is 60 feet … Read more
List Price: $935,000
The Property: On a quintessential Bucktown corner, several onetime storefronts have been converted into residences over the years. Among them is a one-story brick building that may have once been a furniture store and warehouse…
Digging into the data from which we built the home-values charts in the April issue of Chicago, I’ve found a dozen city neighborhoods or suburbs showing signs that they’ve hit bottom and may be on the way back up…
