Site tracks communities where sellers get biggest chunk of asking price. Read more

List Price: $3,900,000
Sale Price: $3,575,000
The Property: This mammoth, lavishly detailed Tudor mansion, completed in 1932 in a section of Hinsdale known as the Woodlands, was sold in late September to only its fourth owner—who plans to demolish it and build a new home on the 2.2-acre lot. The Chicago architecture firm Armstrong, Furst and Tilton designed the 14-room house, which was built for the family that...

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The region's costliest homes took a beating, with declines in prices and the number of sales Read more

List Price: $1,998,500
The Property: Walking between stacked-stone pillars into the coolness of an open-ceilinged entry court at this Highland Park house, you get the feeling you’ve left the North Shore and arrived in the arid Southwest. That’s all intentional: the house was designed in 1964 for a man whose wife, the story goes...

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Recently, several government and philanthropic agencies have rolled out new programs to help the growing number of Chicago-area homeowners facing foreclosure. Last week, the John D. and Catherine T. MacArthur Foundation announced that it will provide $68 million in grants and low-interest loans to help people on the edge of foreclosure. And in mid-September...

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List Price: $1,395,000
Sale Price: $1,327,500
The Property: On a street of mostly traditional-looking homes in Wilmette, this residence fits right in with its red brick exterior trimmed in white. But the house is a departure for its neighborhood—and for almost any other community in the Chicago area—because it has...

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List Price: $619,900
The Property: Last week, Spike O’Dell, the morning host at WGN-Radio for the last eight years, confirmed on the air that he will leave the station in December when his contract expires. With their kids grown and “everything we wanted to do done,” O’Dell told me, he and his wife, Karen, plan to retire to...

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Last week, a local builder, Paul Ahlrich of Grun Development, sat down with me for a frank talk about his experience building and selling new houses in Chicago. Ahlrich got into the business slowly at first, and then in early 2006, took a headlong plunge, building three new upscale houses in Humboldt Park—houses he expected to sell before or shortly after...

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The silver lining behind the residential real-estate collapse is the opportunity for housing bargains. Here are 14 up-and-coming Chicago neighborhoods and suburbs where prices are relatively low and the promise for future growth is strong Read more