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Dennis Rodkin
A Post-Peak Look at the Suburbs
By Dennis Rodkin
Last week, using data from our annual real-estate charts—the latest installment is featured in the October 2011 issue of Chicago, on newsstands now—I revealed which city neighborhoods have seen home values drop the most and the least since the peak of the real-estate market. This week, let’s look at the suburbs... Read more
Another Pricey Sale at the Park Tower
By Dennis Rodkin
List Price: $3.9 million
Sale Price: $3.25 million
The Property: A lavishly finished condo on the 47th floor of the Park Tower that was used only as an in-town residence by a family from the North Shore has been sold . . . to another North Shore family for use as their in-town residence, according to the selling agent, Chezi Rafaeli... Read more
Building on the Past—Wilmette
By Dennis Rodkin
List Price: $3.199 million
The Property: In 1910, John A. Nourse, a Chicago lumberman and veteran of the Civil War—where he served with the Chicago Board of Trade Battery—moved his family to a big new residence on a large lot in Wilmette. A century later, the neighborhood still has brick-paved streets, and the house remains a stately presence on its corner. But the place has been expanded and updated to provide for a 21st-century family, while keeping much of its early 20th-century charm intact... Read more
A Post-Peak Look at the City
By Dennis Rodkin
The S&P/Case-Shiller Home Price Index reported that home values in the Chicago region are down about 31 percent from their September 2006 peak. But what’s happened in your particular neighborhood or suburb?... Read more
Fielding Offers on Prairie Avenue
By Dennis Rodkin
List Price: $2.1 million
The Property: There’s nothing junior about the Marshall Field Jr. mansion. Now containing six condominiums but once a 43-room house, the red-brick Queen Anne building looms large, both physically and metaphorically, over the most historic stretch of Prairie Avenue... Read more
Decrepit Lake Forest Mansion with Literary and Banking Ties Sells after Four Years
By Dennis Rodkin
List Price: $3.2 million
Sale Price: $2.25 million
The Property: First listed in 2007 for $6.5 million, this once-grand mansion on five acres in central Lake Forest sold on September 7 for $2.25 million—just 34 percent of the original asking price. Built in 1914, its architect was Arthur Heun, who designed many of the premier mansions in Chicago and Lake Forest... Read more