Deal Estate Condos – A Cloud’s Silver Lining
New condos for Hyde Park, West Chicago, and a onetime Chess Records office
Ad Categories: Real Estate
South Loop Rising
After languishing for decades as a bleak landscape of warehouses and rail yards, Chicago’s South Loop is afire. Condo sales are booming, big-box stores are blossoming, and chic restaurants are laying out the welcome mat. Add the lakefront, the Museum Campus, and a rich history to the mix, and is it any wonder the South Loop is not just the city’s but the country’s hottest neighborhood?
Sale of the Week – East Lake Shore Drive, Chicago
List Price: $4.55 millionSale Price: $4.55 million The Property: About 12 years ago, this ten-room condo comprised half the palatial spread bought by Oprah Winfrey, though, by most accounts, the TV star never moved in. Today, this 4,700-square-foot space on the seventh floor of 219 East Lake Shore Drive-one of only eight buildings along this … Read more
Can it Last?
Despite concerns about a deflating real-estate bubble, local home prices continue their steady rise. Will Midwestern moderation help preserve the gains made in Chicago’s housing market?
New on the Market – St. Charles
List price: $2.195 millionThe Property: This rugged stone and cedar retreat hidden away on nine wooded acres is just minutes from downtown St. Charles. The place has a bulky exterior-a massive pyramidal wood shingle roof and deeply recessed window and door openings-but inside it lightens up, with an open floor plan, soaring ceilings, and an … Read more
Housing Bulletin – Employer-Assisted Housing
While there is no shortage of jobs in the northwest suburbs, the real-estate boom of the past decade has made it tough for many of the low- and middle-income people who hold those jobs to live within a reasonable commute of their place of employment. According to the Metropolitan Planning Council (MPC), workers who earn … Read more
Sale of the Week – Clark Street Row House
List Price: $1.095 millionSale Price: $1.06 million The Property: One of seven charming brick-and-stone row houses on a busy block of Clark Street, this three-story, four-bedroom home dates to 1888-and is just 18 feet wide. The sellers, Andrew Wolfe and Yoon Hie Jung, gutted and completely rehabbed the interior after buying the place for $520,000 … Read more
Right Time, Right Place
A developer transforms a six-flat in West Lincoln Park, and the suburbs top down-town in condo conversions.
A Diamond in the Rough
A mix of new housing for the Cabrini-Green neighborhood, and upscale condos on a Lake County shoreline
Finally?
At the heart of Chicago’s Loop, Block 37 has stood vacant since 1989. But spurred by a new development team, a flurry of construction is under way at the site, suggesting that at last, this time, the earth will move