Garrett Kelleher, the head of the development firm behind the now-defunct Chicago Spire, has quietly put his Astor Street mansion on the market. The asking price is $16 million, according to his agent, Janet Murphy of Baird & Warner..." /> Garrett Kelleher, the head of the development firm behind the now-defunct Chicago Spire, has quietly put his Astor Street mansion on the market. The asking price is $16 million, according to his agent, Janet Murphy of Baird & Warner..." /> Garrett Kelleher, the head of the development firm behind the now-defunct Chicago Spire, has quietly put his Astor Street mansion on the market. The asking price is $16 million, according to his agent, Janet Murphy of Baird & Warner..." />
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Dennis Rodkin
Nobody Move
By Dennis Rodkin
List Price: $2.5 million
Sale Price: $2.5 million
The Property: A 40th-floor penthouse at the 600 North Fairbanks condo tower has sold, but nobody’s moving... Read more
Gut Check, in West Andersonville
By Dennis Rodkin
List Price: $739,000
The Property: In March 2010, the developer Sa Schloff bought somebody else’s botched attempt to turn a two-flat into a single-family home. The first floor had been gutted, the second was a mess, and the work needed to make the place habitable would be extensive... Read more
Winnetka’s Row of Woe
By Dennis Rodkin
The December 21st sale of a bank-owned 18-room home in Winnetka for $2.375 million wrapped up the four-year saga of a row of four newly built mansions that all went at big discounts. If sold at their original asking prices, the four would have gone for a combined total of $18.49 million; instead, they were sold for 43 percent of that: $8.025 million... Read more
From Two-Flat to Single-Family in Wicker Park
By Dennis Rodkin
List Price: $1,699,000
The Property: The couple who converted this circa 1889 two-flat in Wicker Park into a single-family home were transferred out of the country shortly after the rehab was finished. The home they left behind has a handsome Victorian brick exterior wrapped around a spacious and sunny renovated interior that retains a few nice vintage details... Read more
How to Buy a Foreclosure, Part 2: A Specialized Retirement Account
By Dennis Rodkin
If your own housing is secure—knock on wood—you may have been watching all these bargain-priced foreclosures from the sidelines, thinking that because you’re not in the market for a new home, you couldn’t take advantage of an appealing investment opportunity. What you may not have known is that there’s a type of IRA that lets you use your retirement funds to buy, rehab, and rent investment property, including foreclosures... Read more
An Artfully Crafted Loft in River North
By Dennis Rodkin
List Price: $1.199 million
The Property: Set amidst a mix of new high-rises and houses on the western edge of River North is a handsome old brick loft building that was the Stiffel Lamp factory in the neighborhood’s former life as a manufacturing district... Read more