A Big Breakup at the Elysian
Two years ago, an options trader bet big on the super-elite condos at the then-new Elysian Tower. This week his bet paid off, though not quite as handsomely as he had hoped.
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Market Watch: A Mansion Farmhouse in Glencoe, Plus Homes in Lincoln Park and Evanston
That’s Some Farmhouse GLENCOE Perched on a bluff overlooking Lake Michigan, this 9,000-square-foot mansion started out, in the 1890s, as a farmhouse. Greatly expanded in the 1920s by Bruce MacLeish—at one time the president and chairman of Carson Pirie Scott—it received a meticulous 21st-century renovation at the hands of Ken and Katherine Weber, who bought … Read more
How Long Does a Foreclosure Take in Illinois?
Much longer than in 2007, which isn’t good news for solvent sellers
In the Loop, All That Jazz Is Now For Rent
A 1929 Loop skyscraper threatened with demolition just over a decade ago has come roaring back in the hands of new owners. It’s now nearing the end of its transition from underused office building to stylish apartment tower…
Rodkin on the Pressure to Buy a Home
Readers ask questions, and our real estate expert answers. This week, a reader named Mary from Belmont Cragin asks if she should hurry to buy a home before the low home prices go up.
Obama Backers Sell in Winnetka
List Price: $2.395 million
Sale Price: $2.15 million
The Property: Howard Gottlieb and his wife, Anne, have sold their 11-room house on a secluded lane in Winnetka…
A Typical Chicago Backyard—on the 28th Floor
List Price: $3.35 million
The Property: If you’re addicted to Chicago panoramas, I’ve found your drug. Views of Lake Michigan, the Chicago River, and the Ogden Slip surround the terrace of today’s property. You also look out on a swath of the skyline, and all from a back lawn that, although it’s on a 28th-floor terrace, is as big as many in the city—and even some in the suburbs…
Brandmeier’s River North Home on the Market; Rosie O’Donnell’s Sale Loss Follows Local Trend
Jonathon Brandmeier, the Chicago radio personality who took over the morning show at WGN Radio in December, has quietly had his six-story River North home for sale since June. The asking price is $5.9 million…
Rodkin on the Signs of a Housing Market Upturn
Readers ask questions, and our real estate expert answers. This week, a reader named Rob from North Center asks if the recent increase in home sales is a good sign for the housing market.
Five-Closures
Foreclosure sales are occurring in every kind of neighborhood. Here are five sales that closed within the last five weeks…