This week, U.S. Representative Mike Quigley (D-5th) is releasing a list of 60 ideas to reduce the federal debt and deficit spending—and already, one of the smallest proposals in the pack has stirred up angry opposition. Quigley advocates ending the home mortgage interest deduction for boats that owners have claimed as second homes…
List Price: N/A for this custom-built home
Sale Price: $3.2 million
The Property: Lots of houses come with a little workshop, but this Libertyville residence has a hangar-sized second garage, where the man of the house is building an airplane…
List Price: $3.85 million
The Property: A cobblestone drive leads over a bridge and past a waterfall to the front door of this 15-room country manor in Downers Grove. “This is our resort that we don’t have to travel to,” says Joel Anderson, the Downers Grove homebuilder who created the place for himself, his wife, Maggie, and their children in 2008…
Study forecasts likely uptick in spending
Basements shifted to the second floor at Meadow Ridge
On Chicago’s West Side, work has begun on a project that will help stabilize young families. New Moms, Inc., a Chicago not-for-profit that provides counsel and other services to teenage mothers and their children, broke ground last week on an $11.7 million facility that, when completed in mid-2012, will contain 40 apartments with room for 40 adults and 60 children…
Bank had to complete the repossessed Riverside Homes before selling them—below the original asking price
Developer hopes to spur sales with price reductions
On Monday, Frank Galati, the Tony Award–winning Chicago director and actor, and his partner, Peter Amster, who is also a theatre director, sold their condo at 340 on the Park, which overlooks Millennium Park…
List Price: $9.95 million
Sale Price: $7.2 million
The Property: The 4,300-square-foot penthouse atop the Bloomingdale’s building—at Michigan Avenue and Delaware Place—was sold on April 28th for $7.2 million…
