NAPERVILLE LIST $3.895 MILLION SALE $3.089 MILLION A 16-room house on two and a half acres in Naperville sold in late May for $3.089 million. That’s the highest price paid for a home in that city since September 2008, when an estate on the same street sold for $4.95 million. At that time, this house … Read more
With purchase of 15-room home, couple ameliorates earlier loss
List Price: $2.39 million
The Property: Andy Bowyer, the president of the homebuilder Middlefork Capital, recalls setting out to build a new house a few doors south of Lake View’s Blaine Elementary School. “In my mind,” he says, “we were designing for a family…”
Back when house prices were rising steadily, sellers could usually expect to cover an agent’s commission with the profit made on the home’s sale. But in today’s down market, with homeowners often selling a house for less than what they paid for it, that commission often comes out of the seller’s own pocket…
List Price: $2.999 million
Sale Price: $3.1 million
The Property: This 11,000-square-foot house in Oak Brook’s Midwest Club nearly sold for about $4.2 million in 2008, but the deal fell apart, says the sellers’ agent, Jaime Adams…
List Price: $3.295 million
The Property: When Robert and Emi Kelsey bought an old Tudor house in Winnetka ten years ago, it was sort of discombobulated. Some decades before, previous owners had sold off the property in front of the house and tacked an awkward entrance onto the back, and there were a couple of staircases but no main stairway…
Demolition is well underway on the Gold Coast home where Frank Lloyd Wright lived briefly with a girlfriend (and future wife) while not yet divorced from his first wife. On Tuesday, the owner of the site told me that once the old residence is razed, construction will start on a four-story home designed “to look like it’s been there 100 years, to look correct for the neighborhood…”
List Price: $2.25 million
Sale Price: $1.95 million
The Property: Robert Parrillo, a Chicago lawyer who was part of the investor team that in 2009 rescued the Chicago Sun-Times from bankruptcy, has sold a four-bedroom condo at the Park Newberry and is moving to the highest residential floor of the luxe Elysian…
List Price: $549,000
The Property: You’ve heard the term “vanilla box” condos? Condos at the Carl Street Studios are more like tutti-frutti. Converted from a Victorian mansion into a complex of artists’ homes in the 1920s, Carl Street (which is actually on Burton Place) is unlike anything else in the city with its layers of eccentric artistry, unusual materials, and crazy-quilt colors…
Last Thursday, the Chicago City Council passed a vacant building ordinance designed to get mortgage lenders with a financial stake in vacant foreclosed properties to help keep them from falling into disrepair. Four days later, Moody’s Investors Service issued a report arguing that the ordinance may actually discourage lenders from making mortgages in Chicago neighborhoods where foreclosures are concentrated…
