A New Development
J. Paul Beitler sells his 80-year-old North Shore mansion
Ad Categories: Real Estate
Sale of the Week: Foreclosure on the 50th Floor, Gold Coast
List Price: $1,150,000
Sale Price: $1,185,000
The Property: In what appears to be the city’s loftiest foreclosure so far, a five-room condo on the 50th floor of the Park Tower, the 70-story hotel and residential high-rise immediately west of Chicago’s historic Water Tower, was sold on May 28th. Although there were five bidders—all offering to pay up…
Sale of the Week: Sink or Swim in Bridgeport
List Price: $1,000,000
Sale Price: $910,000
The Property: Situated on a double lot and with an in-ground pool, this new brick house is one of at least three homes with those same specifications in Bridgeport. Of the three houses, only one—the house featured today—has been sold; the other two are still for sale, and one of them has a sign on the front that says it is now in the hands of a bank. All three residences were built by the developer…
On the Market: Rehabbed Richardsonian Romanesque—Lake View
List Price: $1.45 million
The Property: When two doctors, Chuck Sisung and Fred Hoff, bought this Lake View graystone in 1992, its Richardsonian Romanesque façade, which dated to 1882, was in good shape. The home’s interior, however, was in poor condition, so Sisung and Hoff launched a two-year renovation that included adding a two-story glass conservatory to the back of the house. That addition contains a…
Housing Bulletin: Bill Wrigley’s Lake Forest Mansion on the Market
The ten-bedroom Lake Forest house that Bill Wrigley bought in January 2003 for $9.9 million is on the market, with an asking price of $16 million. The offering is being handled as an “exempt” listing, meaning that it will not appear on any listing service or be publicized in any way. But Deal Estate learned that Lake Forest real-estate agents received guided tours of the candy-colored Italianate mansion and its lakefront grounds on May 19th. The listing agents, Ned Skae and Beth Marquardt of Prudential Preferred Properties, would not speak about…
Sale of the Week: Lake Forest Copycat Cuts Price for Quicker Sale
List Price: $2.15 million
Sold Price: $1.725 million
The Property: This 15-room house in western Lake Forest is an almost-exact duplicate of a house in the nearby Conway Farms subdivision. The primary difference is the high ceilings, says Tracy Wurster, the Prudential Preferred Properties agent who represented the sellers in a deal that closed…
On the Market: Lakefront Classical—Winnetka
List Price: $7.45 million
The Property: This classical revival mansion overlooking Lake Michigan in Winnetka was built in 1897 for Otto Butz, a prominent Chicago attorney. It has had only five owners; the fifth, Manucher and Jena Khodadad, have lived there since 1977…
Housing Bulletin: A Harbor Country Auction
If you’re in the market for a vacation home in Southwest Michigan, drive over to New Buffalo this Memorial Day weekend and drop by the three-day open house at the Diamond Point development, where 11 townhouses and one single-family home are going up for auction on June 6th. You will need to bone up on the rules…
Sale of the Week: That Yellow House in Old Town
Sale Price: $2.375 million
The Property: The bright yellow stucco of this Old Town house makes it look like the kids in the busy play lot across the street attacked the place with their crayons. Built in 1979, when Old Town was a neighborhood for urban pioneers, the house used to have a less showy façade; it was changed during…
On the Market: Kid Stuff—Lincoln Park
List Price: $2.595 million
The Property: This elegant 12-year-old home in Lincoln Park can also handle a crew of rambunctious kids. Just ask the sellers, Dick and Annie Rothkopf, who raised three kids there and are now downsizing. In fact, it was a teenager who found them the…