Last week, a local builder, Paul Ahlrich of Grun Development, sat down with me for a frank talk about his experience building and selling new houses in Chicago. Ahlrich got into the business slowly at first, and then in early 2006, took a headlong plunge, building three new upscale houses in Humboldt Park—houses he expected to sell before or shortly after..." />
Last week, a local builder, Paul Ahlrich of Grun Development, sat down with me for a frank talk about his experience building and selling new houses in Chicago. Ahlrich got into the business slowly at first, and then in early 2006, took a headlong plunge, building three new upscale houses in Humboldt Park—houses he expected to sell before or shortly after..." />
Last week, a local builder, Paul Ahlrich of Grun Development, sat down with me for a frank talk about his experience building and selling new houses in Chicago. Ahlrich got into the business slowly at first, and then in early 2006, took a headlong plunge, building three new upscale houses in Humboldt Park—houses he expected to sell before or shortly after..." />
Last week, a local builder, Paul Ahlrich of Grun Development, sat down with me for a frank talk about his experience building and selling new houses in Chicago. Ahlrich got into the business slowly at first, and then in early 2006, took a headlong plunge, building three new upscale houses in Humboldt Park—houses he expected to sell before or shortly after…
The silver lining behind the residential real-estate collapse is the opportunity for housing bargains. Here are 14 up-and-coming Chicago neighborhoods and suburbs where prices are relatively low and the promise for future growth is strong
List Price: $1.9 million
Sale Price: $1.4 million
The Property: This 50-year-old Greek Revival-style home may be demolished soon by its new owners—but then again, it may not. After all, it sat for two and a half years awaiting a similar fate from its last last…
Development’s New York moniker belies its Oak Park aesthetic
New South Side project hopes to lure artists with price breaks.
List Price: $1.25 million
The Property: This newly built house is up-to-the-minute in two ways: its sleek, airy design is very contemporary, and many of the materials and methods that went into its construction are sustainable…
In the present economic climate, home sellers have been tense, while potential homebuyers have had a tendency to sit still. But for ten days, beginning on October 10th, one real-estate company will try to get house sales moving again by cutting the asking price on thousands of homes by 10 percent.
Coldwell Banker Residential Brokerage has arranged for the owners of about 23,000 homes nationwide—about 1,300 of them in…
List Price: $1.495 million
Sale Price: $1.3 million
The Property: This Victorian greystone was built in 1874 on what is now one of Lincoln Park’s most appealing blocks, with the park half a block east, restaurants less than a block to the west, and some of the neighborhood’s finest architectural treasures (including the Wrigley…
List Price: $1.295 million
The Property: Clad in brick, zinc, and cedar, this is one of two sharply contemporary houses on a Humboldt Park street sprinkled with new, more traditional construction—and even its partner can’t quite match the profile of this home, with that cedar box projecting from the second floor…
As evidenced by Chicago’s annual real-estate chart—which appears in the October 2008 issue and spans the 12-month period from July 1, 2007, to June 30, 2008—home values are down almost everywhere in the metro region. (And according to a Case-Schiller report that came…
