List Price: $890,000
Sale Price: $840,000
The Property: This substantial Victorian, built in 1906 for a man whose family construction business developed large swaths of homes in Oak Park and the Far West Side of Chicago, sold in just 15 days this May…
A Lake Forest mansion recently owned by a retired VP from Baxter International, which features a stunning library addition by Howard van Doren Shaw and a hidden “speakeasy” bar, sells for less than half its 2008 asking price.
List Price: $1,299,999
The Property: In the early 1990s, when many of their friends in the northwest suburbs were buying vacation homes around Lake Geneva and Walworth County, Martin Nowakowski and Sharron Ames found their getaway closer to home in North Barrington…
A recent RealtyTrac/Trulia survey revealed that 85 percent of current homebuyers are interested in distressed properties—residences that have been foreclosed or are being offered as short sales. At the same time, the city and suburbs possess a substantial stock of distressed condos, lost either by homeowners or by developers. But buying a foreclosed condo has … Read more
The next mortgage payment on Christine O’Malley’s Grayslake townhouse is due Monday, but she’s probably not going to pay it. “I’ve been on my own since I was 18, and I’ve always paid my bills,” says O’Malley, 53. She is employed as a co-owner of an e-learning company, says she has credit scores in “the high 700s, 800s,” and has been trying to sell the three-bedroom townhouse for more than a year…
List Price: $950,000
Sale Price: $949,900
The Property: When I wrote about this Lincoln Park house in October 2009, Brickyard Bank, which had foreclosed on it, had just put the home through a facelift to make it more marketable…
List Price: $3.895 million
The Property: The distinguished Chicago architect Avi Lothan says he designed this Lincoln Park home for his family with his eye on the interplay between indoor and outdoor spaces…
Some Chicago-area homeowners at risk of foreclosure may get the lifeline they need from the new $100 million Mortgage Resolution Fund, announced by Governor Quinn this past Friday. “We’re going upstream to stop further houses from becoming vacant,” says Bill Goldsmith, the president of the newly formed MRF…
List Price: $3.2 million
Sale Price: $3.1 million
The Property: A custom-built, 11,000-square-foot house on a little more than two acres in the far western suburb of St. Charles commanded the town’s highest home price in five years when it sold July 1…
Why underwater owners are still years away from resurfacing
