UPDATED Municipal leaders in Forest Park are eying a failed condo and townhouse development as an ideal place to expand the village’s 12-acre Station Park. But first voters must approve the plan in a referendum scheduled for next spring..." /> UPDATED Municipal leaders in Forest Park are eying a failed condo and townhouse development as an ideal place to expand the village’s 12-acre Station Park. But first voters must approve the plan in a referendum scheduled for next spring..." /> UPDATED Municipal leaders in Forest Park are eying a failed condo and townhouse development as an ideal place to expand the village’s 12-acre Station Park. But first voters must approve the plan in a referendum scheduled for next spring..." />

Sale of the Week: A Tale of Four Houses—North Shore

List Price: $1.9 million
Sale Price: $1 million
The Property: Today’s house, situated in an unincorporated area near Winnetka, once carried a price tag of $5.1 million. But that price was for a finished home—and not only was this house never finished, but the company that built it ended up handing the home back to its lender, Mutual Bank, last October. On May 26th, the bank…

On the Market: Heart of Glass, Old Town

It must be nice to have an architect like Rodrigo del Canto for a father. When his two daughters were young, del Canto built them a rooftop pool above the garage of the family’s Lincoln Park home. A few years ago, designing a new home in Old Town for himself and the two girls—teenagers by…

Housing Bulletin: Helping Buyers Sell—and Is There a Doctor with a House?

In the good old days (that is, a couple of years ago), buyers of new homes still under construction had a period of at least several months in which to sell their older home while waiting for the new one to be finished. But now, with a lot of new residential inventory standing ready to go, Jeff Benach, a builder, has found that most potential buyers show up at…

Sale of the Week: Foreclosure on the 50th Floor, Gold Coast

List Price: $1,150,000
Sale Price: $1,185,000
The Property: In what appears to be the city’s loftiest foreclosure so far, a five-room condo on the 50th floor of the Park Tower, the 70-story hotel and residential high-rise immediately west of Chicago’s historic Water Tower, was sold on May 28th. Although there were five bidders—all offering to pay up…

Sale of the Week: Sink or Swim in Bridgeport

List Price: $1,000,000
Sale Price: $910,000
The Property: Situated on a double lot and with an in-ground pool, this new brick house is one of at least three homes with those same specifications in Bridgeport. Of the three houses, only one—the house featured today—has been sold; the other two are still for sale, and one of them has a sign on the front that says it is now in the hands of a bank. All three residences were built by the developer…

On the Market: Rehabbed Richardsonian Romanesque—Lake View

List Price: $1.45 million
The Property: When two doctors, Chuck Sisung and Fred Hoff, bought this Lake View graystone in 1992, its Richardsonian Romanesque façade, which dated to 1882, was in good shape. The home’s interior, however, was in poor condition, so Sisung and Hoff launched a two-year renovation that included adding a two-story glass conservatory to the back of the house. That addition contains a…

Housing Bulletin: Bill Wrigley’s Lake Forest Mansion on the Market

The ten-bedroom Lake Forest house that Bill Wrigley bought in January 2003 for $9.9 million is on the market, with an asking price of $16 million. The offering is being handled as an “exempt” listing, meaning that it will not appear on any listing service or be publicized in any way. But Deal Estate learned that Lake Forest real-estate agents received guided tours of the candy-colored Italianate mansion and its lakefront grounds on May 19th. The listing agents, Ned Skae and Beth Marquardt of Prudential Preferred Properties, would not speak about…

Sale of the Week: Lake Forest Copycat Cuts Price for Quicker Sale

List Price: $2.15 million
Sold Price: $1.725 million
The Property: This 15-room house in western Lake Forest is an almost-exact duplicate of a house in the nearby Conway Farms subdivision. The primary difference is the high ceilings, says Tracy Wurster, the Prudential Preferred Properties agent who represented the sellers in a deal that closed…