The lives of young adults can change multiple times in the course of several years. They get married, have children, send the kids off to school. When home values were rising fast, young people could afford to think short-term and buy a place that suited their immediate needs. For most, a rising market would make moving on to the next property a profitable step—or at least not a financially ruinous one.
List Price: $5.75 million
Sale Price: $5.25 million
The Property: On April 15th, the developer and socialite Fred Latsko sold this Gold Coast chateau with its extensive rehab still unfinished. Mary Bennett, the sales agent for Latsko and his wife, Julie, says that her clients planned to live in the house, “but it didn’t work out that way.” She says that the buyer—identified in public documents as…
List Price: $1.390 million
The Property: In 2004, a builder put up seven new cedar-sided houses and a mini-riverwalk on the former site of a boat storage yard on the North Branch of the Chicago River a few blocks north of Irving Park Road. Each of the homes has views of the water and of Horner Park.
Next month the Chicago Housing Authority will announce which applicants will get the nod to do the next piece of its ten-year-old Plan For Transformation: redeveloping Lathrop Homes with a mix of market-rate, affordable, and public housing.
High Life: The big-shouldered city still stands tall
Loft Graduate with Honors: An A-plus for innovative design elements at this former cap-and-gown factory
GOLD COAST LIST PRICE: N/A SALE PRICE: $4,433,500 At the posh new Elysian, a unit on the 41st floor has sold for $4,433,500, the priciest sale yet at the 60-story hotel-and-condos tower at 11 East Walton Street. The buyers, David and Libby Savner, recently moved back to Chicago from the Washington, D.C., area after David … Read more
Black’s Law: Professor figures he can afford pricey rehab on bargain manse
UPTOWN FROM $359,000 TO $479,900 At 5014-5018 North Kenmore Avenue, where only three of 12 condos had been sold in a pair of new buildings, the developer, Gerry Carey, has made some price cuts. They range from 6 percent off a three-bedroom, two-bath third-floor unit to 14 percent off a four-bedroom, three-bath unit spread across … Read more
WEST TOWN FROM $289,900 TO $359,900 The developer who put up a row of nine four-story buildings in the 2800 block of West Chicago Avenue abandoned the project after selling the condos in five of the buildings. The remaining four—two on each end of the row—sat unfinished until Peter Allen, who has built several condo projects on … Read more
