Chicago-Area Chateaus Hit Price Plateau
Most high-end sales level off
Ad Categories: Real Estate
Another Pricey Sale at the Park Tower
List Price: $3.9 million
Sale Price: $3.25 million
The Property: A lavishly finished condo on the 47th floor of the Park Tower that was used only as an in-town residence by a family from the North Shore has been sold . . . to another North Shore family for use as their in-town residence, according to the selling agent, Chezi Rafaeli…
Building on the Past—Wilmette
List Price: $3.199 million
The Property: In 1910, John A. Nourse, a Chicago lumberman and veteran of the Civil War—where he served with the Chicago Board of Trade Battery—moved his family to a big new residence on a large lot in Wilmette. A century later, the neighborhood still has brick-paved streets, and the house remains a stately presence on its corner. But the place has been expanded and updated to provide for a 21st-century family, while keeping much of its early 20th-century charm intact…
A Post-Peak Look at the City
The S&P/Case-Shiller Home Price Index reported that home values in the Chicago region are down about 31 percent from their September 2006 peak. But what’s happened in your particular neighborhood or suburb?…
Rodkin on First-Time Homebuyer Resources
Readers ask questions, and our real estate expert answers. This week, Vanessa from the South Loop asks for first-time homebuyers’ resources in the Chicago area.
As Rosie O’Donnell Moves In, Another Passenger Hops on Oprah’s Brain-Drain Train
List Price: $2.5 million
Sale Price: not yet reported
The Property: The five-bedroom 6,000-square-foot home of Erik Logan, president of the Oprah Winfrey Network, went under contract last week, making him the latest member of Winfrey’s former Chicago team to pull up stakes for California…
Fielding Offers on Prairie Avenue
List Price: $2.1 million
The Property: There’s nothing junior about the Marshall Field Jr. mansion. Now containing six condominiums but once a 43-room house, the red-brick Queen Anne building looms large, both physically and metaphorically, over the most historic stretch of Prairie Avenue…
A Look at One Aspect of ‘Chicago’’s Annual Real-Estate Charts: Time on the Market
In its October issue, on newsstands tomorrow, Chicago presents its annual real-estate charts, which look at home prices in nearly 300 neighborhoods and towns. To no one’s surprise, prices remain down—way down—but other data on the charts also point to weaknesses in the local market…
Decrepit Lake Forest Mansion with Literary and Banking Ties Sells after Four Years
List Price: $3.2 million
Sale Price: $2.25 million
The Property: First listed in 2007 for $6.5 million, this once-grand mansion on five acres in central Lake Forest sold on September 7 for $2.25 million—just 34 percent of the original asking price. Built in 1914, its architect was Arthur Heun, who designed many of the premier mansions in Chicago and Lake Forest…
It’s a Jungle in There—in Riverwoods
List Price: $2.679 million
The Property: It’s like a huge terrarium for humans, this 31-year-old home tucked away in a densely wooded part of Riverwoods. Two-story glass walls mark the boundary between indoors and out, though there is not much distinction between the two realms, with a gigantic rubber tree growing indoors and such outdoor denizens as deer and squirrels frequently wandering up to the windows…