Declining Fortunes
Chicago’s annual survey of high-end house sales reveals a rare downturn in volume
Chicago’s annual survey of high-end house sales reveals a rare downturn in volume
List Price: $2.95 million Sold Price: $2.325 million The Property: Built in 1996, this 11-room house in Hinsdale has a contemporary grand foyer and stairs, a media room with its own ticket booth, and a backyard lap pool and waterfall. The house first went on the market a year ago, with an asking price of … Read more
List Price: $1.299 million The Property: This prim Swedish Evangelical church, built in 1900, was redone in the past two years as a serene, spa-like three-bedroom house, complete with a master bath hanging inside the steeple and a front hallway of ancient stone salvaged from Jerusalem. The house now has a sharp contemporary kitchen whose … Read more
This is the third installment of our close analysis of the real-estate charts that appeared in Chicago’s October issue. This week we are looking at the neighborhoods and towns where price drops were the biggest in the 12-month period covered by our charts—July 1, 2006, to June 30, 2007. Over that time, as reported in … Read more
List Price: $2.5 million Sale Price: $2.5 million The Property: This 80-year-old Tudor set a sales-price record for River Forest when it was sold on September 10th. The closing came 16 months after the agreement to sell, an unusually long time span. Typically, most deals close after 30 days or so. Here’s what happened. Back … Read more
Old loft building instantly elevates Quincy Street tower
Design for Grand Bend condos exploits a sinuous location alongside Green Bay Road
Big Burling Place houses only a half-dozen condos
List price: $1.499 million
The Property: Built in 1873 by one of the first residents of what was then suburban Irving Park, this brick Italianate house is filled with hand-crafted vintage features, including the door and window trim and the intricate wooden floor inlays. Otherwise, the place has the feel of a brand-new house, thanks to the restoration efforts of the past two owners, who took care to preserve the home’s original character while making it livable for the 21st century…
Deal Estate continues its expanded analysis of the real-estate charts in Chicago’s October issue, this week looking at the Chicago neighborhoods and suburbs where the number of home sales dropped most sharply. Using data supplied by the Multiple Listing Service of Northern Illinois, the charts in the magazine examined 77 city neighborhoods and 204 suburbs … Read more