List Price: $4.3 million
The Property: This two-story penthouse with views of the lake and the city to the north, east, and south is a complete period piece from the late 1980s. The glittery aesthetic of the era shows through in everything from the sleek round-edged cabinetry painted with gleaming auto-body paint to the spiral staircase surrounded with mirrored glass panels and steel supports painted mauve.

The penthouse has an indoor pond, numerous built-in banquettes and tables, shelves of multicolored granite, a tanning bed, and an underlit glass catwalk to the master bedroom...

" /> List Price: $4.3 million
The Property: This two-story penthouse with views of the lake and the city to the north, east, and south is a complete period piece from the late 1980s. The glittery aesthetic of the era shows through in everything from the sleek round-edged cabinetry painted with gleaming auto-body paint to the spiral staircase surrounded with mirrored glass panels and steel supports painted mauve.

The penthouse has an indoor pond, numerous built-in banquettes and tables, shelves of multicolored granite, a tanning bed, and an underlit glass catwalk to the master bedroom...

" /> List Price: $4.3 million
The Property: This two-story penthouse with views of the lake and the city to the north, east, and south is a complete period piece from the late 1980s. The glittery aesthetic of the era shows through in everything from the sleek round-edged cabinetry painted with gleaming auto-body paint to the spiral staircase surrounded with mirrored glass panels and steel supports painted mauve.

The penthouse has an indoor pond, numerous built-in banquettes and tables, shelves of multicolored granite, a tanning bed, and an underlit glass catwalk to the master bedroom...

" />
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Ad Categories: Real Estate

On the Market—Crown Penthouse at Chicago’s Olympia Centre

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List Price: $4.3 million
The Property: This two-story penthouse with views of the lake and the city to the north, east, and south is a complete period piece from the late 1980s. The glittery aesthetic of the era shows through in everything from the sleek round-edged cabinetry painted with gleaming auto-body paint to the spiral staircase surrounded with mirrored glass panels and steel supports painted mauve.

The penthouse has an indoor pond, numerous built-in banquettes and tables, shelves of multicolored granite, a tanning bed, and an underlit glass catwalk to the master bedroom…

Housing Bulletin—Where the Foreclosures Are

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Do you know someone who has recently lost or is about to lose his house in a foreclosure? If you don’t, you may very soon—and that’s true whether you’re rich, poor, or somewhere in the middle. The latest and most precise figures show that foreclosures are on the rise everywhere in the Chicago area, including such affluent places as Glencoe, Lake Forest, Hinsdale, and Lincoln Park.

Last week, the National Training and Information Center released figures compiled by Record Information Services (RIS), a data-gathering company based in far western Kane County. The figures compare the number of new foreclosures in the first half of 2006 with the same period in 2007. They are broken out for 77 individual…

Sale of the Week—Glen Ellyn

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List Price: $1,375,000
Sale Price: $1,252,500

The Property: This wide 13-room house on a hilly Glen Ellyn street sold on December 5th as part of an innovative house-swap deal. In order to offload this residence, its builders bought the house that their buyers were leaving to move here.

Like many homebuilders these days, Glanville-Koshul Homes was sitting on unsold inventory…

New on the Market—Lake Forest

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List Price: $8,595,000

The Property: In 1977, Ronald and Carole DeBruin bought three lakefront acres in Lake Forest that had once been part of Villa Turicum, the 269-acre estate of Harold and Edith McCormick, both children of enormously wealthy fathers. (Harold was the youngest son of Cyrus McCormick, who invented the mechanical reaper that was the foundation of International Harvester; Edith, the original benefactor of Brookfield Zoo, had John D. Rockefeller, the founder of Standard Oil, for a father.) The DeBruins built this elegant 13-room house, which has five bedrooms, a 52-foot-wide entry hall, and a family room that opens onto a bluestone terrace and oversized hot tub. But the real attraction may be…

Housing Bulletin—X/O, Lakeshore Athletic Club, and Two Former Blog Homes

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The fates of two controversial Chicago real-estate projects were decided over the past week—and both decisions involved freshmen aldermen. The first bit of news concerned X/O, the pair of sinuous towers, designed by Lucien Lagrange, slated to go up in the South Loop at 18th Street and Prairie Avenue. Reacting to residents’ fears that the tall buildings would overwhelm the landmark Glessner House and other historic residences nearby, Robert Fioretti, the newly elected alderman of the 2nd Ward, had proposed an ordinance that would have cut the site’s allowable building height in half, from 450 to 225 feet. Fioretti’s proposal would have essentially repealed the Planned Development Ordinance for the property that the Chicago City Council had approved in October 2006, before Fioretti was elected.

But then came the report late last week that Fioretti had withdrawn his ordinance, thus giving the $300-million project the green light. According to Keith Giles, who is developing X/O with his partner…

Sale of the Week—Joseph Cari’s Lincoln Park home

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List Price: $3.45 million
Sale Price: $3 million

The Property: Though it looks like two townhouses of different vintages, this is actually a single Lincoln Park residence, its two sides built decades apart. From 1999 until October 2007, the 12-room house belonged to Joseph Cari Jr., a once-prominent Democratic fundraiser. In 2005, Cari was indicted on federal charges related to a complex series of board appointments and campaign-fund donations—a tangled web unraveled by Chicago’s Steve Rhodes in…