List Price: $1.899 million
The Property: The view of the Museum Campus and the lakefront from unit 4101 of The Columbian is magnificent. Although the 46-story condo tower in the southwest corner of Grant Park was completed in 2008, this unit is one of three penthouses on the 41st floor that the developers put on the market this past summer—but as the one that occupies the full east side of the floor, it offers the most enticing vistas…
The National Association of Realtors (NAR) reported in June that only about 27 percent of homebuyers in 2009 who were eligible for the $8,000 federal tax credit had filed claims by late February (the most recent data available). At 25.9 percent, the Midwest was slightly below the national average, but Danielle Hale, an NAR research economist, … Read more
The foreclosure market has been thrown into turmoil after several big banks halted foreclosure actions and several state attorneys general started looking into possibly erroneous foreclosure processing by many lenders. There is even a call in Washington for a government-imposed moratorium on foreclosures…
List Price: $1.495 million
Sale Price: $1.4 million
The Property: Since it was built in 2004, this ten-room house in Lake View has been home to two different short-time members of the Chicago Blackhawks…
List Price: $750,000
The Property: Dating to the 1850s or 1860s, this Victorian delicacy was recently fitted out as a bed and breakfast. But once its owners, Cyndi and Paul Busse, learned they were expecting a baby, they opted instead to put the place on the market as a private home, says their agent, Sharon Sodikoff…
TOWER POWER: The new Elysian snared three of the top spots on this year’s list of the area’s priciest homes
At Wilmette’s Mallinckrodt in the Park, a seniors-only development housed in the former Mallinckrodt College, 26 of the 81 units remain unsold five years after the conversion. But recent action by the village could help animate sales…
List Price: $1.195 million
Sale Price: $1.050 million
The Property: Renovated by Frank Lloyd Wright early in his career, this 17-room Oak Park house had been on and off the market for more than two years before finally selling at about 61 percent of its original asking price…
List Price: $859,700
The Property: In 1999, when Charlie and Natalie Walsh bought this big brick house in Chicago’s Irving Park neighborhood, “almost nothing had been done to it since the 1950s,” Natalie says. Since buying the place, the Walshes have extensively remodeled and updated the house, always trying to stay true to its original design…
Comparing Chicago’s annual real-estate charts from 2006 to the ones that appeared in the October 2010 issue of the magazine, I found that the average length of time that a house waits on the market has more than doubled in 29 Chicago neighborhoods and 129 suburbs. The two places where market time has lengthened the most over those four years are Montclare on Chicago’s Northwest Side and Lake Forest on the North Shore…
