The Properties: Both of these Winnetka houses sold in October as foreclosures. In each case, the buyers got the house for at least $1 million less than its presumed value—and a closer look at those sales reveals the different ways foreclosures can impact affluent and lower-income communities…
Yesterday, Antonio Davis, who spent two seasons with the Chicago Bulls, closed on the sale of his Burr Ridge home for $2.75 million. That’s $1 million less than the $3.75 million he had been asking for the 13-room house at the beginning of the year. It was the second house Davis had sold in the Chicago area in the past few months…
Over the past week, two Chicago real-estate companies beefed up their online presence. On October 30th, @Properties went live with its upgraded site, and Dream Town Realty followed suit on November 3rd. Last week, both companies gave me a prelaunch look at their new sites, and I was impressed…
Late-summer study by Appraisal Research Counselors says the three-bedroom condo has been the hardest hit
Four new condos now occupy meatpacker’s grand mansion
After a strong start, high-priced home sales slow significantly in Chicago and the suburbs
List Price: $7.95 million
Sale Price: $5.2 million
The Property: The software entrepreneur Marc Ewing and his wife, Lisa Lee, last week sold their 26-room Sheridan Road mansion in Glencoe for just three-quarters of the price that they had paid for the gated estate nine years earlier.
List Price: $1.499 million
The Property: It’s a view property, but what you see from this two-story townhouse at the base of a River North condo tower isn’t the usual grand sweep of skyline or lake. Instead, you get a human-scale view of a quieter stretch of the Chicago River and tranquil Erie Park, with the handsome old
Among the many losses resulting from the recent real-estate downturn, John Wasik’s may be unique: he lost the premise of his latest book. Near the tail end of the housing boom, Wasik—a personal finance columnist for Bloomberg News and the author of a dozen books—was working on a book arguing that…
List Price: $919,000
Sale Price: $916,000
The Property: At a time when Chicago appears to have the nation’s biggest logjam of unsold homes—enough to supply 19 months worth of sales, according to a recent Wall Street Journal survey of 28 major metro areas—a savvy investor has done his part to advance the…
