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…
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…
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.
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…
BROBDINGNAGIAN BIG: Even for the neighborhood, the estimated $5-$10 million house is big
A developer steps in and keeps prices real for the neighborhood
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…
With an increasing share of homebuyers putting energy efficiency and other green features at or near the top of their wish list, the Chicago-area multiple listing service is giving environmentally friendly features more prominence. Last week, Midwest Real Estate Data (MRED) added a Walk Score; it’s a measure of how many services can be accessed from a home without driving…
Readers ask questions, and our real estate expert answers. This week, a reader named Rich from Glencoe asks about the specifics of turning his home into a rental in order to buy a new home.
INSIDER’S GUIDE: From classic cinema to fried chicken, this neighborhood dials up the charm in time for the holidays
