List Price: $749,000
The Property: This charming stucco Prairie-style house, built in 1906 in what is now Oak Park’s Ridgeland Historic District, has four bedrooms, many vintage details, and a rentable coach house, the income from which could defray the new owners’ mortgage expenses.
This week, hoping to stimulate construction of new high-end homes, Orren Pickell Designers & Builders lopped 25 percent off the prices of its vacant lots in Lake Bluff, Bannockburn, Long Grove, and Highland Park. Also included in the markdown is the colossal 99-year-old Landsowne mansion in Lake Bluff.
List Price: N/A Sale Price: $1 million
The Property: In December, Lester Crown, the 84-year-old patriarch of one of Chicago’s wealthiest families, sold his interest in a secluded Winnetka mansion to his son, Steven.
List Price: $1.695 million
The Property: Back in 1984, when Pete and Barbara Rosi went looking for a tranquil country residence in Kane County, they fell in love with a hillside home outside St. Charles that had been built in 1932 as a getaway for a Chicago family. Situated 58 feet above its own private lake, and with tall oaks hanging overhead, the house was their ideal.
“Realtors cannot change economic reality,” insisted Genie Birch, a Koenig & Strey GMAC agent and the president of the Chicago Association of Realtors (CAR). Birch’s remarks opened CAR’s economic forecast panel for 2010, which met on January 28th at the Holiday Inn Mart Plaza. Here are ten other things that Chicago real-estate agents heard from the panel:
List Price: $699,000
Sale Price: $675,000
The Property: Troy Brouwer, who plays right wing for the Chicago Blackhawks, has bought a three-bedroom, four-bath condo in a new Roscoe Village condo building.
List Price: $2.97 million
The Property: Twelve years ago, Doug and Lucinda Hanover bought a little 1880s Barrington Hills farmhouse with a rhubarb patch out front. What they have now is a 6,000-square-foot home that incorporates the property’s old barn as a two-story…
Price cuts, short sales, and foreclosures cross my desk in herds these days. Since the start of the new year, it seems that the sellers of houses, townhouses, and condos who are eager to unload their property have become markedly more serious about making it happen.
Today I have pulled together a gallery of low-priced properties in the city and suburbs. Some of these homes are being sold at auction, and others are…
List Price: $3.95 million
Sale Price: $3.5 million
The Property: A ten-room condo on the fourth floor of the 12-story 219 East Lake Shore Drive building was sold on January 20th for $3.5 million, the first sale at that prestigious address since mid-2007.
List Price: $599,900
The Property: The latest asking price on this contemporary four-bedroom home in Glen Ellyn is about what the sellers paid for the place in 2004—before they spent an additional $75,000 to add a little more than an acre to what was a half-acre lot. The listing is now a short sale (where the lending bank approves selling the property for less than what’s due on the mortgage)…
