Over the past decade, an influx of artists and bargain-hunting homeowners has been adding a new layer to Bridgeport’s old-line ethnic working class. The newcomers are drawn by the neighborhood’s proximity to the Loop and public transportation, as well as by the mix of old ethnic restaurants and younger, artier places, such as the Zhou B. Art Center (and café) on 35th Street. Read more
Where rail yards, and later a golf course, once lay, a high-rise neighborhood has sprouted in the past decade, and it has quickly become a model of 21st-century urban life. Lakeshore East, the master-planned area just south of the Chicago River and west of Lake Shore Drive, counts among its distinctions the new Aqua tower—the 82-story Jeanne Gang–designed apartment-and-condo building that appears to be eroded from water running down its sides—direct access to the lakefront, and, immediately south of the neighborhood, a little place called Millennium Park. Read more
Whenever I get off the Brown Line at Rockwell, I think I should be carrying a lunch pail instead of a laptop. That’s because the neighborhood known as Rockwell Crossing feels like a quaint throwback to a time when a tired blue-collar worker would have happily returned home to this cozy community where the CTA trains clatter along at ground level. Read more
Renting out unsold condos for the short term is an idea that is simultaneously gaining and losing popularity. It’s on the upswing among owners of vacant condos who hope to defray their costs while waiting for an improved real-estate market. HomeAway, an online vacation home rental source, reports that in April, it had 120 listings in Chicago, up 53 percent from a year before. More than half of them are condos, according to Denise Frasier, HomeAway’s spokesperson. Read more
Henry M. Paulson Jr., the former secretary of the U.S. Treasury, has bought a downtown Chicago condo with his wife, Wendy. According to information from the Cook County Recorder of Deeds, in mid-April the Paulsons paid $1.45 million for a three-bedroom, 2,500-square-foot... Read more
List Price: $2.499 million
The Property: The limestone home from the 1940s that stood on this Hinsdale lot until a couple of years ago is gone but not forgotten. Read more
In a cluster of south suburbs hard hit by the foreclosure crisis, a coalition of towns is working to clean up and stabilize their devastated neighborhoods. Now the CVS pharmacy chain is lending some vital support to that effort by trying to create a pool of potential buyers for homes reclaimed by banks. In late April, CVS announced that it would bring its employer-assisted housing program to the south suburbs... Read more
Sale Price: $2.325 million
The Property: The Magerstadt House, a Prairie school landmark ornamented with a poppy motif, a gold-leaf mural, and other distinctive details specified by the Chicago architect George Maher, hadn’t even been on the market when it was sold on April 30th... Read more