Morgan Stanley Exec Sells Shaw Mansion
HIS TIME EXPIRED: The investment banker who oversaw the parking-meter deal makes a profit on his Howard Van Doren Shaw-designed home
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A Pritzker Picks Up Three Lincoln Park Properties
Scion of moneyed clan acquires three select North Side properties
In Lake Forest, an Old Estate Garage Gets a Lift
List Price: $2.8 million
The Property: In the late 1930s, the architect David Adler designed a pair of servants’ cottages that flanked the back entrance to the Lake Forest estate of Lola Armour. He used nearly as much detail on the cottages as he had on the huge main house, nearly a quarter of a mile away…
Latinos Getting Hit Two Ways by Foreclosures
Chicago’s Latino Policy Forum has discerned a painful irony: Latino neighborhoods and suburbs have a heavy concentration of both over-crowded housing units and empty foreclosures. “We have these two phenomena happening concurrently,” said Juliana Gonzalez-Crussi, the forum’s policy and housing analyst, when we talked on Monday…
Rodkin on Telltale Signs That a Real Estate Market Has Hit Bottom
Readers ask questions, and our real estate expert answers. This week, a reader named Beth from Streeterville asks what clues signal that the real estate market in her town or neighborhood has hit bottom.
After Five Years, Final Condo Sells at River North Building
List Price: $1.199 million
Sale Price: $1.115 million
The Property: On February 9, the last of 20 condos at 30 West Erie was sold, more than five years after construction and sales began…
Two Competing Views of Belmont Harbor
List Price (8th floor): $375,000
List Price (7th floor): $300,000
The Properties: Even among the many stately dowagers that surround it, 3314 North Lake Shore Drive stands out with its Beaux Arts façade, which features paired columns of bay windows that capture views out over Belmont Harbor…
The Mack Daddy of Foreclosure Flippers
The Tinley Park mansion that the former NBA star Antoine Walker lost in foreclosure when he declared bankruptcy in 2010 was left in sorry condition. Water stood waist-deep in the basement, murky goo filled the indoor pool, and at least 32 light fixtures were gone. But Jim McClelland Jr. and Eric Workman saw an opportunity…
Rodkin on Building a New Home vs. Buying an Old One
Readers ask questions, and our real estate expert answers. This week, a reader named Alex from the Northwest suburbs asks if the costs of building a new home are comparable to buying a five-year-old home.
A Second Chance for an Uptown Home
List Price: $1.175 million
Sale Price: $1.2 million
The Property: In 2010, this quirky house built on three lots in Uptown in 1978 was on the verge of getting the interior updating it badly needed…