The Takeover Artists

By sifting through builders’ projects that went bust in the Chicago suburbs, Ohio-based M/I Homes is hoping to make its name here as a company that successfully picked up where others left off—and handed off the savings to homebuyers.

Grace and Space in Lake View

List Price: $3.449 million
The Property:
This four-year-old brick and limestone house in the prized Blaine School district in Lake View takes maximum advantage of its extrawide lot. With a width of 37.5 feet (instead of the standard 25), the lot was able to accommodate an interior floor plan that pushes the stairs off to one side, resulting not only in a four-level box staircase, but also…

Old Town Gem Sells at Foreclosure

List Price: $1,024,650
Sale Price: $1,195,000
The Property: This 19th-century row house, one block from Lincoln Park, was the subject of a potential seizure order by the U.S. Department of Justice in May 2009, according to documents from the Cook County Recorder of Deeds. Mihai Chezan, the developer who had…

A Onetime Wheaton Golf Getaway

List Price: $1.23 million
The Property: This 112-year-old home in Wheaton once served as a golf getaway for the Chicago engineer Charles Strobel, a pioneer in the development of the steel-frame skyscraper. Jarvis Hunt, who designed the house for Strobel and his first wife, Henrietta, was also the architect of the clubhouse at the nearby Chicago Golf Club, where Strobel was a founding member.

Bright colors and price cuts in Edgewater

EDGEWATER FROM $210,000 TO $290,000 If a multicolored 11-story building in Edgewater isn’t enough to grab your attention, maybe the steep price cuts will do the trick. With 10 (of 126) units left to sell at Catalpa Gardens, its developer has slashed condo prices, with reductions from $50,000 to $200,000. “Per square foot, [condos are selling for] … Read more