Guide to New Rules of Refinancing
Mortgage rates are crazy low—but read these tips before you refi
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Daley’s Niece Makes Savvy Lincoln Park Deal
Relative of two Chicago mayors knows how to get the real estate she’s after
A Streeterville Condo Inside the Former American Furniture Mart
List Price: $1.4 million
The Property: Lakeshore Place, once known as the American Furniture Mart, is a 1920s behemoth on the lakefront that’s heavy and dark. On its 11th floor is a condo that is the exact opposite: airy and light…
Michael Jordan Lists Highland Park Mansion for $29 Million
Michael Jordan, that most iconic of Chicago sports figures, put his gated Highland Park estate on the market this morning, asking $29 million. It is by far the highest-priced home listed in the Chicago area. A Barrington Hills estate is up for $14.9 million…
Hinsdale is on a Tear Again
Before the housing bust, Hinsdale was the Chicago area’s capital of teardowns, with more than 100 older homes replaced by new construction each year from 2004 to 2007. That pace slowed during the bust, but the demolish-and-replace trend has been percolating back to life—and accelerating in the past few months—say real-estate agents, builders, and the village official who monitors construction in that western suburb. After 29 demolitions in 2010, there were 35 in 2011, says Robert McGinnis, Hinsdale’s building commissioner, and he expects the village to top that in 2012…
Rodkin on Sellers’ Unrealistic Prices
Readers ask questions, and our real estate expert answers. This week, a reader named Bradley asks why some North Shore home sellers aren’t pricing their homes realistically for the 2012 market.
In Winnetka, Everything a House Ott to Be
List Price: $4.995 million
Sale Price: $4.4 million
The Property: A grand manor home on two acres in Winnetka’s Indian Hill Club was sold February 17 for $4.4 million—just 46 percent of what its sellers were asking when they first put it on the market nearly six years ago…
27,400-Square-Foot Home Rises Hinsdale
BROBDINGNAGIAN BIG: Even for the neighborhood, the estimated $5-$10 million house is big
Sales at Stalled Washington Heights Development
A developer steps in and keeps prices real for the neighborhood
In Hyde Park, a Cinematic Home Worthy of an Oscar
List Price: $1.149 million
The Property: Facing Promontory Point across Lake Shore Drive stands an 11-story co-op building with a façade so lovely it can only be called “cinematic.” That’s fitting, since the architects of what was originally called the Jackson Shores Apartments were Rapp and Rapp, the renowned designers of grand movie palaces, including the Chicago Theatre and Aurora’s Paramount Theatre…