Nobody was especially surprised when the Illinois Association of Realtors (IAR) announced last week that home prices had dropped in January 2008 when compared to prices in January 2007. The drop—2.2 percent in the Chicago area and 5.3 percent for the state of Illinois—was the first year-to-year price drop since at least 1998, when the IAR started tracking that statistic. There was one bright spot…
List Price: $1.8 million
Sale Price: $1.75 million
The Property: The ten-room Gold Coast condominium where Donald Rumsfeld lived for 15 years before moving to Washington, D.C., to become Secretary of Defense in 2001 has been resold by the family who bought the place from Rumsfeld and his wife, Joyce. Set on the south end of the third and fourth floors of a handsome early 20th-century brick and limestone building that has just a …
List Price: $1,095,000
The Property: The 16-story Elm Tower, at Elm and Dearborn streets, is a six-year-old building designed to look and feel like the vintage co-ops of the Gold Coast. When he was building it, the developer, Jim Letchinger, told me he had grown up in the neighborhood and wanted to put up something that captured the intimate, urban feeling of the 1920s residential buildings he loved there…
Thanks to some cool upgrades that launched last week, Dreamtown.com is now my pick for the most useful and informative Web site in Chicago for shopping for real estate.
Like countless other real-estate sites, Dreamtown provides access to all the properties listed for sale on the Multiple Listing Service of Northern Illinois (MLSNI); offers tips on how to buy and sell in today’s market; and purports to provide tips on how to do a “sale by owner”—while actually making the not-very-subtle pitch that you would much rather go through an agent.
But Dreamtown sets itself apart with…
List Price: $1,025,000
Sale Price: $890,000
The Property: Less than a month after the hotel floors opened at Trump International Hotel & Tower, a 21st-floor hotel-condo unit has become the first residence in the 92-story building (which is still under construction) to be resold by…
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List Price: $3,997,000
The Property: In 2002, Marge Johnsson bought this red brick manor house—which had been designed nearly 100 years earlier by the architect Howard Van Doren Shaw—as the freshman rehab project for Magnolia Restorations, the company she was then launching. “I wanted to do it the way Shaw would…
Kerry Wood has sold his house in Chicago’s Old Town Triangle for $1,201,000. That’s $2,000 more than he was asking at the time it sold, but $94,000 less than he paid for it in 2004—which means the Cubs pitcher took a 7 percent loss on the property.
In October 2004, Wood and his wife, Sarah, paid $1,295,000 for this house on a narrow 19th-century street a few blocks west of Lincoln Park. Built in 1876 (most likely by German immigrants), the seven-room, three-bedroom house has been…
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List Price: $1,450,000
Sale Price: $1,325,000
The Property: William Wood Prince, the Chicago philanthropist and executive whose family once controlled the Union Stockyards and the Armour & Co. meat empire, has sold a 19th-century rowhouse in Chicago’s Old Town that he had owned for two decades.
The tall red-brick rowhouse, built in 1886, has classic good looks: a half-hexagon bay rimmed with high, limestone-capped windows stretches up to an overhanging cornice. Inside, the dining room, kitchen, and family room are on the ground floor (where the servants’ workspaces would have originally been), and there is a 450-square-foot living room on the second floor (where the raised front door is). The master suite is on the third floor, and there are three more bedrooms above that…
Crimson highlights help Mod stand out from other new neighborhood construction
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List Price: $1.149 million
The Property: Behind the dignified 103-year-old façade of this Logan Square greystone stands a contemporary interior by the ultra-stylish Funke Architects. Its most dramatic element is a hanging staircase of steel, glass, and maple. It floats beneath a rooftop pop-up of clerestory windows that let daylight cascade all the way to the basement, creating a far lighter mood than the characteristically dark interior of a historical greystone.
That lightness carries through the three-story structure. The main floor is an airy layout of formal and informal spaces, including a sleek kitchen with…
