At today’s Chicago City Council meeting, Mayor Daley will introduce an ordinance designed to protect renters whose buildings are going condo, as well as the people who end up buying those condominiums. But not only do these protections come long after the condo conversion boom is over, they also include provisions that could put a burden on developers and perhaps delay any new wave of condo conversions…
List Price: $3.15 million
Sale Price: $2.85 million
The Property: Set amid lush landscaping and towering oak trees, this 15-room house with a large wrap-around porch sold for the highest price in Glenview since early 2008. Built in 2000 on an acre and a half of land, the house has five bedrooms and seven-plus bathrooms…
List Price: $3.275 million
The Property: An old triangular brick warehouse, last used as a distributorship for Polish folklore items, became a stylish home in the hands of the developers Bob and Karen Ranquist. The mix of original wood beams and brick with new wooden stairs, steel beams in the kitchen addition, and funky custom light fixtures by Toronto’s Castor design gives the home a warm, hand-honed feeling…
About a mile south of the O’Hare Oasis on the Tri-State Tollway, a billboard trumpets, “King Wanted.” It’s part of Paul Iwanski’s marketing campaign to sell the 18,000-square-foot castle he is building on a one-acre lot in Oak Brook…
List Price: $348,480
Sale Price: NA
The Property: Impressive on the outside, this 13-room Park Ridge home might originally have been quite nice inside, too. But sometime during the foreclosure process, the interior was stripped…
List Price: $3.5 million
The Property: As the father of a teenager, I have to admire Milt and Sylvia Clow’s approach to living with adolescents. In the early 1940s, the Lake Forest couple built one house for themselves and a separate house across the driveway for their two teenagers…
Dennis Rodkin visits FOX Chicago News to shed some light on falling home sales, as reported by the National Association of Realtors.
Residential property tax rates rose—in some cases, steeply—in 9 of 12 representative Cook County municipalities over the past decade, according to the Civic Federation. Meanwhile, taxes on commercial and industrial property went the other direction, declining in 11 of the 12 municipalities…
GUT FEELING: Developer overhauls building but retains vintage features
List Price: $1.699 million
Sale Price: $1.600 million
The Property: Klaus Fritsch, who, with Arnie Morton, launched Morton’s The Steakhouse in 1978, has sold the 13-room house he built in 1998.
“My house was for parties,” Fritsch says…
