Monthly Payments Down Along with Home Prices, Mortgage Rate

» The monthly payment on a median-priced home in the Chicago area in mid-2010 was 35 percent below the payment for that same house five years earlier, according to research by the National Association of Realtors (NAR). Combine a 23 percent drop in home prices with record low mortgage rates, and the average monthly mortgage … Read more

Tudor Fantasy in Winnetka

List Price: $4.185 million
The Property: One in a string of three prominent lakefront homes in Winnetka that are often called “the storybook houses” for their fanciful architecture, this Tudor house has a remarkable living room that seems to have sprung more from a stately English country home than a fairy tale…

Gut Check, in West Andersonville

List Price: $739,000
The Property: In March 2010, the developer Sa Schloff bought somebody else’s botched attempt to turn a two-flat into a single-family home. The first floor had been gutted, the second was a mess, and the work needed to make the place habitable would be extensive…