Housing Bulletin—Going for the Green

You might expect the guy who built and sold one of the more expensive “green” houses in Chicago to be a lifelong environmentalist whose crusade is finally paying off. But no: Paul Ahlrich initially jumped onto the green housing bandwagon for the potential payoff. “I did these [houses] to learn how to build green so I could keep making money in a bad market,” Ahlrich says of the houses at 2652, 2656, and 2658 West Walton Street; the westernmost house (2658) sold on July 27th for $923,000…

Sale of the Week—A Fox Lake Retreat

List Price: $1,399,000 Sale Price: $1,376,420 The Property: At the northern tip of Stanton Point, a slim peninsula that juts half a mile into Fox Lake, this newly built five-bedroom house is one of four new homes planned for the site of the old Jukebox Saturday Night bar. “It’s a one-of-a-kind point, the best place … Read more

Housing Bulletin-How One Developer Outsmarted the Condo Market

Six years ago, when Golub & Co., the Chicago-based real-estate development company, announced plans to build a high-rise rental-apartment building at 345 East Ohio Street, it seemed like a distinctly contrarian choice. At the time, virtually everyone with a piece of land downtown was building condo towers.

Look at how things have changed: Completed a year ago and dubbed the Streeter, the 481-unit building, now almost fully rented out, was sold last week to the State Teachers Retirement System of Ohio, reportedly for about $210 million…

Sale of the Week-A Beachfront House with Prairie Style – Wilmette

List Price: $7,495,000 Sale Price: $7,250,000 The Property: This Prairie-style house-whose art glass and other decorative details have a beach grass motif that references its Lake Michigan shoreline setting-sold July 30th for the highest price on record in Wilmette. Built in 1915 on a street that is still cobbled in bricks, the house was the … Read more