All in the (Naperville) Family
List Price: $1.485 million
The Property: There aren’t too many families that can outgrow a six-bedroom, 6,500-square-foot house, but Mike and Nancy Cowden managed to do it…
Ad Categories: Real Estate
More Aid in the Works for Struggling Illinois Homeowners
In 2011, tens of thousands of struggling Illinois homeowners may receive the financial aid they need to hold onto their houses under a program being prepared by the Illinois Housing Development Authority (IHDA). The agency has been allocated $445.6 million of U.S. Treasury TARP funds to help unemployed and under-employed homeowners stay out of foreclosure and is now working on the details of how to get that money to homeowners…
Bannockburn Foreclosure Was Bear’s Rental Lair
List Price: $1.375 million
Sale Price: $1.375 million
The Property: This 11-room Bannockburn home, which sold at foreclosure on September 30th, was rented for a year by Orlando Pace, the onetime offensive tackle for the Chicago Bears…
Going the Extra Mile in Hinsdale
List Price: $2,799,900
The Property: The wood, stone, and copper that detail the peaked façade of this newly built Hinsdale house hint at the level of attention that went into the 18-room interior. “The wood trim in here is measured in miles,” says Bryan Bomba, the Coldwell Banker agent representing the house for its builder, Montreux Custom Homes…
Driehaus Awards Go to Two Residential Reuse Projects
On Saturday, two Chicago residential projects will be among nine recipients of Richard H. Driehaus Foundation Preservation Awards from Landmarks Illinois…
A Fixed-Up Foreclosure Sells Fast in Lincoln Park
List Price: $1.674 million
Sale Price: $1.55 million
The Property: Formerly a three-flat, this 116-year-old building in Lincoln Park was being converted into a single-family home when its owner defaulted on a $2.6-million mortgage. But unlike most sellers of foreclosures, the entity that put this one back on the market (not the original lender) didn’t leave it in its junked condition but put it back into livable shape…
Deal Estate Flash: Ex-Bull Brad Miller Cuts the Price of His Highland Park Home
Brad Miller, the seven-footer who did two tours of duty with the Chicago Bulls, has reduced the asking price on his former home in Highland Park to $1.199 million. He made the 4 percent price cut on September 30th, just 28 days after the home went on the market with an asking price of $1.250 million…
From the 41st Floor, a Columbian Exhibition
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…
Midwesterner Homebuyers Slow to Get Federal Tax Credit
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
How Will the Stay on Foreclosures Affect Home Sales?
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…