List Price: $2,495,000List Price: $2,495,000List Price: $2,495,000
List Price: $2,495,000
The Property: This two-bedroom condo at the landmark Palmolive Building has been sumptuously finished with extensive millwork, gracious chandeliers, and a home automation system that controls everything from the indoor temperature to the blackout shades on the…
The Chicago Spire aims to be the tallest skyscraper in North America. But will it get built? The twisting tale so far
On May 8th, the U.S. House of Representatives passed a mortgage rescue plan that, although threatened by a veto from President Bush, could help homeowners facing foreclosure stay in their homes with lower-cost loans.
Congresswoman Melissa Bean, who represents Illinois’ 8th District (Chicago’s north and northwest suburbs), authored three parts of the package that were expressly designed to keep the bill from rewarding irresponsible borrowers with government funds. “There’s an implication from opponents that this is somehow gifting taxpayer money to…
List Price: $1,199,900
Sale Price: $1,103,500
The Property: This large four-year-old house resides in a Wilmette neighborhood where new construction has replaced about one-third of the older ranch houses that still characterize the area. It has 13 rooms, five of them bedrooms (one is in the basement, where it would commonly be used for a nanny or guests), a pillared foyer, and a spacious kitchen lined with cherry cabinets. From the family room, French doors open onto a nice patio—but that’s about all there is to…
Since 2000, developers have flooded downtown Chicago with more than 20,000 new condos and townhouses—yet at the end of 2007, nearly 8,000 of them sat unsold. Will that glut drag down the local economy even further, or will the lure of city living and an influx of international buyers rescue a failing market?
Talk a walk around Bucktown with Dennis, and then a tour of the home with Tony Madonia. List Price: $1.9 million The Property: The architect John Hanna threw the rigidly rectilinear street grid in Bucktown a curve when he designed this contemporary home for a corner lot. The house appears impossibly slender when viewed from … Read more
Two weeks ago, the Chicago real-estate agency @properties rolled out a cool tool for house hunters and sellers on its Web site. The @Report, as they call it, is built on the idea that real-estate markets are very, very local.
The eight-year-old agency has offices or agents working in 21 Chicago neighborhoods (most of the lakefront from Rogers Park to South Shore, plus a layer or two of inland neighborhoods for much of that stretch); this new tool puts the details on…
List price: $600,000
Sale Price: $545,000
The Property: When a homeowner owes more than a house is worth, that’s called being “under water.” In the case of this house, the term took on a double meaning.
The sellers of this house had bought the place in July 2006 for $800,000. The next year they moved to New York before they were able to sell the home, says their agent, RE/Max’s Christopher Kouros. Eventually the sellers, whose names do not appear in public records, dropped their asking price to…
List Price: $2.9 million
The Property: This grand old home 75 yards from the Lake Michigan blufftop in Highland Park evokes the early 20th-century age of big North Shore country houses. With its peacock fan of gable beams above a cozy inglenook entry, it would have been a happy place to arrive after a long…
Numbers out last week from the Illinois Association of Realtors (IAR) showed a big drop-off in home sales for Illinois in March from the same month in 2007. But Chicago stood out in two ways. The number of sales here dropped by a far smaller percentage than in the rest of the state. What’s more, the median sale price was up in Chicago, although it was down in…
