Rodkin on Why Sellers Ignore Offers
Readers ask questions, and our real estate expert answers. This week, a reader named Tom from the West Loop asks why a seller would ignore a reasonable offer from a potential homebuyer.
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On the Waterfront, Four Big Sales
In the past month, four multimillion-dollar homes on the North Shore lakefront have been sold—more than were sold in any single month in 2011. The quartet ranged in price from $2.325 million to $7.5 million, and they all shared views out over Lake Michigan…
The Queen of Terra Cotta Row
List Price: $2.495 million
The Property: During its heyday in the late 19th and early 20th centuries, the Northwestern Terra Cotta Company made Chicago the capital of architectural ornamentation. The company’s officers weren’t shy about using their products on their homes on Terra Cotta Row, a cluster of four homes on the 1000 block of West Oakdale in Lake View…
Frank Lloyd Wright’s Heller House Hits the Market Today
After being on sale informally for a couple of weeks, a treasured Frank Lloyd Wright design in Hyde Park, the Isidore H. Heller House, officially hits the market today. Completed in 1897, the residence signaled Wright’s turn away from the richly ornamented style of his boss, Louis Sullivan…
Rodkin on All-Cash Home Purchases
Readers ask questions, and our real estate expert answers. This week, a reader named Jennifer from Hyde Park asks about homebuyers who pay in cash.
Naperville Remembers the Alamo
List Price: $898,000
Sale Price: $800,000
The Property: The theatrical façade of this 12-room house in the East Highlands neighborhood of Naperville reminds me of the Alamo—or what that Texas landmark might look like if renovated into a single-family home…
Mansion Foreclosure Sells For Less Than Land
An unfinished 15,000-square-foot home goes for less than the cost of the site
West Loop Condo Gets Help
Developer’s improvements assist him and current condo owners
How to Flip a Foreclosure
Two investors recast a boom-years ploy for today’s down market
A Passage to India—via Lake Forest
List Price: $6.495 million
The Property: On a bitterly cold day, a welcoming home can transport visitors to a better place. At this Lake Forest estate, that place is an idealized version of India in the 1890s. The home’s entire central hallway, about 25 feet long, is papered with a Zuber wallpaper panorama called Hindustan that was installed when the home was owned by the family of William A. P. Pullman, from 1926 to 1992…