By Dennis Rodkin
The house in Homer Glen that the state of Illinois seized from the rapper and convicted con artist Eric “Blaxican” Jaglicic sold on May 30th for $380,000—which is $30,000 more than the asking price. Read more
List Price: $979,000
Sold Price: $949,000
The Property: This Riverwoods house sold on May 5th for 9.6 percent less than the sellers had paid for it just 14 months earlier. The sellers—Janice Ferri Esser, a writer for TV soap operas, and her husband, Robert Esser—were not able to sell their prior home, according to the listing sheet for this property, so they...
The latest report from Appraisal Research Counselors (ARC), whose finger is always on the pulse of Chicago’s downtown condominium market, indicates that even if the shine is gone from condos as investment vehicles, the overwhelming majority of people who bought a few years ago in buildings now being finished are sticking with their contracts.
Why is that news? Well, a spike in the number of buyers opting to back out of their deals—leaving their upfront cash deposits in the hands of...
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