Maybe it’s not auspicious to launch a website that lets house-hunters find real estate listings near their preferred transit stops in the same week that the Chicago Transit Authority threatens a new round of service cuts and fare increases. Fortunately, Tom Brown is taking the long-term view…
List Price: $2.699 million
Sale Price: $1.400 million
The Property: This 27-room house, once priced by its builder at about $4.5 million but sold unfinished and with various contractors’ liens against it, was bought on October 2nd by an investor—who put it right back on the market, priced at…
Our annual survey of home prices in 288 Chicago neighborhoods and suburbs. Plus: Eight true-life stories that reveal the perils and pluses of the volatile local housing market
Last Friday I was part of a panel on WBEZ discussing Chicago’s failed Olympic bid. Asked to anticipate the impact of the decision on the local housing scene, I responded essentially as I would have had Chicago emerged a winner: Not much.
List Price: $3,295,000
Monthly Rent: $7,000
The Property: John Salmons, whose late-season acquisition by the Chicago Bulls is credited with boosting the team’s playoff push last season, is renting a French Provincial–style house in Glencoe.
List Price: $2.85 million
The Property: Although it’s only six years old, this ravine-side Lake Bluff mansion evokes the century-old country homes by McKim, Mead & White on the East Coast and Howard Van Doren Shaw on the North Shore. That’s entirely intentional…
This is one of the rougher properties we have, but somebody’s going to turn it around,” Kristian Harris said as we stood in the bashed-up bathroom of the house at 6027 South Marshfield in Englewood. The plumbing fixtures were all out of order, the floors and walls were beaten up, and…
List Price: $1.249 million
Sale Price: $1.1 million
The Property: Cam Barker, the 23-year-old Blackhawks defenseman who signed a three-year, $9.25-million contract with the team in early July, has bought a condo on the top floor of a new building in Bucktown…
List Price: $4.2 million
The Property: A new ten-room residence on a quiet block-long street that ends at a Lake Michigan overlook, this house has an overlook of its own: a super-sized third-story terrace with a view over the ranch house next door to the lake.
Each October, with help from Midwest Real Estate Data (MRED), Chicago publishes its annual real-estate chart, which, among other things, shows the average price of a house in all 77 city neighborhoods and more than 200 suburbs. The chart also notes how this year’s prices compare to the prior year and to 1994, the earliest year for which MRED has data for most of those neighborhoods and towns. Usually that comparison with 1994 is a heartening measure of the long-term growth in the value of a Chicago-area home.
