November 28, 2007 Housing Bulletin: Dimon in the Rough Jamie Dimon, the banking executive who now heads New York–based JP Morgan Chase, has cut 11 percent off the asking price of the 26-room Gold Coast mansion where he lived while he ran Bank One. Originally listed at $13.5 million, the house now has a price tag of $12 million.
The broad house, faced with rough-hewn orange limestone, was built by Potter Palmer in 1889 as part of his effort to make the nascent Gold Coast into the fashionable new neighborhood. The architect Ernest Graham, of Graham, Anderson, Probst and White (think Wrigley Building and Field Museum), did a later expansion and remodeling. The house’s exterior is a many-textured composition of hefty stones, arched windows, copper-topped turrets, and dormers puncturing a...
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November 28, 2007 Housing Bulletin: Dimon in the Rough Jamie Dimon, the banking executive who now heads New York–based JP Morgan Chase, has cut 11 percent off the asking price of the 26-room Gold Coast mansion where he lived while he ran Bank One. Originally listed at $13.5 million, the house now has a price tag of $12 million.
The broad house, faced with rough-hewn orange limestone, was built by Potter Palmer in 1889 as part of his effort to make the nascent Gold Coast into the fashionable new neighborhood. The architect Ernest Graham, of Graham, Anderson, Probst and White (think Wrigley Building and Field Museum), did a later expansion and remodeling. The house’s exterior is a many-textured composition of hefty stones, arched windows, copper-topped turrets, and dormers puncturing a...
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November 28, 2007 Housing Bulletin: Dimon in the Rough Jamie Dimon, the banking executive who now heads New York–based JP Morgan Chase, has cut 11 percent off the asking price of the 26-room Gold Coast mansion where he lived while he ran Bank One. Originally listed at $13.5 million, the house now has a price tag of $12 million.
The broad house, faced with rough-hewn orange limestone, was built by Potter Palmer in 1889 as part of his effort to make the nascent Gold Coast into the fashionable new neighborhood. The architect Ernest Graham, of Graham, Anderson, Probst and White (think Wrigley Building and Field Museum), did a later expansion and remodeling. The house’s exterior is a many-textured composition of hefty stones, arched windows, copper-topped turrets, and dormers puncturing a...
November 28, 2007 Housing Bulletin: Dimon in the Rough Jamie Dimon, the banking executive who now heads New York–based JP Morgan Chase, has cut 11 percent off the asking price of the 26-room Gold Coast mansion where he lived while he ran Bank One. Originally listed at $13.5 million, the house now has a price tag of $12 million.
The broad house, faced with rough-hewn orange limestone, was built by Potter Palmer in 1889 as part of his effort to make the nascent Gold Coast into the fashionable new neighborhood. The architect Ernest Graham, of Graham, Anderson, Probst and White (think Wrigley Building and Field Museum), did a later expansion and remodeling. The house’s exterior is a many-textured composition of hefty stones, arched windows, copper-topped turrets, and dormers puncturing a...
The Property: A handsome new home whose rough limestone exterior and creamy shingles fit comfortably among the vintage homes in a tucked-away corner of Winnetka, this house has 11 rooms (five of them bedrooms), four-plus baths, a ten-foot-long kitchen island, and three fireplaces. The builder, Tamara Kasey, bought the lot, which then contained a smaller house, in 2000 for $549,000. With this replacement house, she took advantage of the extra-deep corner lot, giving the residence an elongated layout that strings together living and dining rooms and an open kitchen–family room combo. Out back, beyond French doors, sits a bluestone terrace and a cottage-look...
By now, just about everybody with a home listed for sale understands that properties are taking longer to sell. Still, some houses sit on the market for what seems like an eternity. Sometimes a house is so unusual that it simply has to wait for the right buyer to come along. But others suffer from significant flaws: they are outrageously ostentatious; their builders stubbornly cling to the original asking price; they are in unlikely settings for a high-priced house. These are the turkeys of the real-estate market, and in honor of Thanksgiving, I have rounded up...
The Property: Built in 1968, this 12-room brick French-styled home on a one-acre lot left the hands of its original owners for the first time in November. Set on a hilltop cul-de-sac in an Oak Brook neighborhood of mostly bolder architectural homes—some outrageously so—this relatively reserved home has five bedrooms, hardwood floors in most rooms, and a big lawn. The kitchen and five baths (three full, two partial) are all original and need Read more
The Property: This two-story penthouse condo at the top of the 101-year-old Mentor Building (at 39 South State Street) has three bedrooms plus an office, a stylish kitchen, and striking views of the surrounding architecture. Windows in the condo’s lower floor look out between some of the columns that give the building’s upper reaches the look of a temple-in-the-sky. (The condo’s upper level, where the three bedrooms and two full baths are, is on a floor concealed from street-level view.) Views stretch north all the way to the new Trump building; what’s more, those views can never be blocked because...
Dennis Rodkin appears regularly on WGN's Spike O'Dell Radio Program sometimes discussing properties not mentioned in the Deal Estate blog. Check back here each week to find links and information for those listings.
From the November 14th show - Price cuts in the Chicago region:
AURORA
List Price Now: $575,000
Original List Price: $649,500
GURNEE
List Price Now: $389,000
Original List Price: $439,000
LAKEVIEW
List Price Now: $489,000
Original List Price: $570,000
PALOS HEIGHTS
List Price Now: $699,000
Original List Price: $759,000
While releasing some downward-sliding sales figures last week, Robert Toll—the CEO of Toll Brothers, a national home-building company—gave an informal letter grade to each of several regional markets where it operates. Chicago got an F.
That’s not to say that the housing market here has tanked more than in other parts of the country. In fact, as I read it, that low grade suggests that buyers here might be more cautious or judicious than elsewhere. The F is Toll’s assessment of how each market is doing vis-à-vis his company’s sales performance. He reported 38.9 percent of people with contracts to...
The Property: In the shadow of the John Hancock Center, this 1916 edifice by William Fugard, who also designed the Allerton Hotel and some of the buildings on East Lake Shore Drive, has a ground-level backyard, a rarity in the neighborhood. While most of the units in the seven-story brick and limestone building have three bedrooms, this one was reconfigured to have only two: a master bedroom and a guest suite, which is “completely isolated from...
The Property: This ten-room brick house was the home of Mike Ditka and his wife, Diana, from 1989 until he left Chicago to coach the New Orleans Saints in 1997. The Ditkas had bought the house—one of about a dozen on a forested cul-de-sac—new from the builder for $1.2 million. Set on more than two densely wooded acres and surrounded by a high brick wall, the 3,500-square-foot house has four bedrooms, four-plus baths, four fireplaces, and a swimming pool. The basement has a wine room, an exercise room, and...
