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Ad Categories: Real Estate

Housing Bulletin— Chicago’s Condo Market: Sheltered from the Fallout

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The latest report from Appraisal Research Counselors (ARC), whose finger is always on the pulse of Chicago’s downtown condominium market, indicates that even if the shine is gone from condos as investment vehicles, the overwhelming majority of people who bought a few years ago in buildings now being finished are sticking with their contracts.

Why is that news? Well, a spike in the number of buyers opting to back out of their deals—leaving their upfront cash deposits in the hands of…

Sale of the Week—Real Cathedral Ceilings in Wilmette

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List Price: $1,990,000
Sale Price: $1,725,000
The Property: There’s nothing half-apsed about this condominium in a converted, cruciform-shaped Catholic church in Wilmette. The 3,662-square-foot residence fills the entire third floor of the semicircular space that was once the church’s apse—or head of the cross—as well as its transepts: that is, the two arms of the cross, each graced with a tall, arched window. A dining room occupies one arm; the master bedroom, the other. The apse has been transformed into a…