With foreclosures still proliferating in and around Chicago, sharp buyers can spot some great bargains. If the property is damaged, though, most mortgage lenders won’t finance the purchase. That’s why some buyers are now turning to a specialized loan called a 203K, based on the future value of the house, post-repairs…
BILL VEECK’S HOME FIELD ADVANTAGE: House where two-time White Sox owner grew up comes to the plate
DAMSEL IN DISTRESS: Lenders looking to unload foreclosed residences—as well as would-be homeowners hoping to take advantage of cut-rate housing deals—have found an able ally in Naomi Campbell
Related: TOP 40 BUILDINGS IN CHICAGO » Writing in The New Yorker earlier this year, Paul Goldberger offered his take on the newly opened Aqua, the undulating 82-story skyscraper at 225 North Columbus Drive. The Pulitzer Prize–winning critic loved the building—“ingenious”—and grouped its designer, Jeanne Gang of Chicago’s Studio Gang, among the city’s most … Read more
Related: TOP 40 BUILDINGS IN CHICAGO » THE LIFE AND WORK OF HARRY WEESE » JIM LOEWENBERG ON THE AQUA » Chicago did not become the birthplace of American architecture at a seminar. It won that title in the trenches, where architects engage in risk, rivalry, and plenty of insults. Louis Sullivan, in his … Read more
List Price: $1,349,900
Sale Price: $1,025,000
The Property: This 14-room Georgian home on four acres in Bannockburn was sold on December 10th for precisely the same amount it fetched ten years earlier…
List Price: $3.2 million
The Property: In the early 1990s, the psychologist Chuck Anderson and his wife, Dale Carol Anderson, an interior designer, commissioned this classically styled home for a large, triangular residential lot on what was then the western frontier of Lincoln Park—just east of the formerly industrial Clybourn Avenue. Their architect, Pappageorge Haymes, put the house on one half of the site and a walled garden on the other, with a pillared outdoor rotunda connecting the two…
After two years of trying, Chicago’s affordable-housing activists may be just a month away from tapping into the city’s supposedly vast Tax Increment Financing (TIF) funds. Depending on the outcome of work that’s going on now to bridge the gap between two competing ordinances, this could mean between about $50 million to $100 million a year that would go toward buying up foreclosures and rehabbing them into affordable living units…
Halfway around the world, in Dubai, the Burj Khalifa, currently the world’s tallest building, soars 2,716 feet. Many people deserve credit for this record, but first among them is Bill Baker, a structural engineer who works out of Skidmore, Owings & Merrill’s office in the Santa Fe Building—a 17-story landmark that was considered pretty tall … Read more
List Price: $2.05 million
Sale Price: $2.05 million
The Property: This has been the year of the half-priced new mansion, including a February purchase in Lake Forest, an April buy in Glencoe, and my item last week about a sale in Winnetka…
