Two recent reports from expert analysts of the Chicago housing scene shed new light on the impact of the recent troubles affecting the local residential real-estate market. One report shows that renters of high-end apartments are benefiting from the downtown condo glut, while the other indicates that the foreclosure wave is sweeping into Latino neighborhoods after initially hitting African American neighborhoods hardest…
List Price: $2.395 million
Sale Price: $2.2 million
The Property: Although just four years old, this 13-room house in west Lincoln Park got a $50,000 makeover before going on the market in September. What’s more, the residence was priced $75,000 below what its sellers had originally paid for the…
List Price: $2,802,500
The Property: The retired NBA star B. J. Armstrong has owned this six-bedroom house on a secluded street in Highland Park for 14 years, during which time he played for the Bulls and three other teams, worked in the Bulls’ front office, and provided commentary for a TV sports show. He listed the residence for sale late this past summer with an asking price of $2.95 million; in late October he cut the price to…
Downtown developers aren’t the only ones troubled by a drastic downturn in condo sales.
Many suburban developers are also struggling to unload condo inventory. In Lombard (at 310 South Main Street), one developer is offering 18 condos at auction later this month—and the terms of the auction suggest a handful of buyers could walk away with bargain-basement…
List Price:
South unit (on right) $539,000
North unit (on left) $499,000
The Property: These two townhouses, built in 1885 for a brother and sister, are now for sale either separately or together. Although their exteriors are the same—the mansard roof tops a red brick…
October was another gloomy month for the downtown condo market, with developers hitting the brakes on both the Spire and the 76-story condo tower by Architectonica that was planned for Lakeshore East.
But October was also the month when deals closed on two very expensive penthouses at the Metropolitan Tower, the building with the blue…
List Price: $5.75 million
Sale Price: $3.3 million
The Property: At the center of this 22-acre estate in the horse country of Barrington Hills stands an 80-year-old manor house built of stone. The Cotswold-styled house has 20 rooms (seven of them bedrooms), nine full and four partial bathrooms, and six fireplaces. On the…
List Price: $3.995 million
The Property: A contemporary architectural landmark, this all-glass house in Northfield—the 2002 design of and the current home of the architect Tom Roszak—won national recognition from the American Institute of Architects in 2007 and Architectural Digest in 2005. Roszak, an avowed modernist who has built …
Tower offers perks from nearby Talbott hotel.
Developers revive courtyard building with modern finishes.
