PJ and Jaime Klacko have 10,000 reasons to be thankful this week—the $10,000 that the city of Lockport will kick in on the purchase of their newly built house, which should finish construction next March. They are among the first dozen buyers to take advantage of an incentive…
List Price: $1,275,000
Sale Price: $1,165,000
The Property: Michael Cooke, who served two stints as editor of the Chicago Sun-Times, has sold his house in Wilmette. “We haven’t severed links with Chicago,” Cooke says. “We may keep…
List Price: $1.65 million
The Property: Situated west of the Kennedy and centered around Grand Avenue, Noble Square is one of those semi-secret Chicago neighborhoods some people whiz right past without realizing it’s there. Well, there’s a secret within the secret…
Sale Price: $5.2 million
List Price: $5.795 million
Nancy L. Hughes, the widow of the director John Hughes, has paid $5.2 million for the Lake Forest mansion owned by the developer Robert Shaw. John Hughes, who died of a heart attack on August 6th, was the director of a number of films…
List Price: $2.695 million
Sale Price: $2.1 million
The Property: This elegant Mediterranean house in River Forest was the town’s first home this year to sell for over $2 million. In 2008, five homes in River Forest sold for over $2 million. In 2007, there were three sales in that price range.
WINNETKA From $485,000 to $675,000 With its unexpected cutouts and jauntily angled roofs, the exterior of the townhouses at 460–474 Green Bay Road in Winnetka evince their 1965 origins. But on the inside, the developer David Glatt is fitting them out with a full complement of present-day amenities, including bigger closets, extensive crown and baseboard … Read more
List Price: $5.9 million
Sale Price: Not yet known
The novelist Scott Turow’s Glencoe lakefront home, which has been on the market for $5.9 million, is under contract with a buyer, Turow’s real estate agent confirmed for Deal Estate on Wednesday.
PETERSON WOODS From $249,000 to $259,000 In 2007, when Ron Kozil—a long-time rehabber of multi-unit housing on the North Side and in Oak Park—bought the 13-unit building at 5724–5726 North Mozart Street, he planned to upgrade everything and sell the condos for between $300,000 and $320,000. The market has changed since then, as have Kozil’s expectations. … Read more
List Price: $649,999
The Property: This three-bedroom condo, with large terraces on its north and south sides, occupies the 16th-floor of a 17-story Lake View building that offers unimpeded panoramic views in most directions. As you will see in the video, the south terrace, with views of Wrigley Field and the Chicago skyline, is nicely finished. The much larger north terrace…
At the height of the condo boom, many investors snapped up under-construction condos, planning to turn around and sell them upon or shortly after completion. In the crash years, reselling has proved difficult, leaving some investors bleeding money as their condos sit unsold. Justin Elliott, the founder and CEO of Chicago Apartment Finders (which leases about 6,000 apartments each year), suggests that investors consider renting those condo until the market becomes more stable…
