Mutual Bank, last October. On May 26th, the bank..." /> Mutual Bank, last October. On May 26th, the bank..." /> Mutual Bank, last October. On May 26th, the bank..." />
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Tag: Sale of the Week
Sale of the Week: A Tale of Four Houses—North Shore
By Dennis Rodkin
List Price: $1.9 million
Sale Price: $1 million
The Property: Today’s house, situated in an unincorporated area near Winnetka, once carried a price tag of $5.1 million. But that price was for a finished home—and not only was this house never finished, but the company that built it ended up handing the home back to its lender, Mutual Bank, last October. On May 26th, the bank... Read more
Sale of the Week: Foreclosure on the 50th Floor, Gold Coast
By Dennis Rodkin
List Price: $1,150,000
Sale Price: $1,185,000
The Property: In what appears to be the city’s loftiest foreclosure so far, a five-room condo on the 50th floor of the Park Tower, the 70-story hotel and residential high-rise immediately west of Chicago’s historic Water Tower, was sold on May 28th. Although there were five bidders—all offering to pay up... Read more
Sale of the Week: Sink or Swim in Bridgeport
By Dennis Rodkin
List Price: $1,000,000
Sale Price: $910,000
The Property: Situated on a double lot and with an in-ground pool, this new brick house is one of at least three homes with those same specifications in Bridgeport. Of the three houses, only one—the house featured today—has been sold; the other two are still for sale, and one of them has a sign on the front that says it is now in the hands of a bank. All three residences were built by the developer... Read more
Sale of the Week: Lake Forest Copycat Cuts Price for Quicker Sale
By Dennis Rodkin
List Price: $2.15 million
Sold Price: $1.725 million
The Property: This 15-room house in western Lake Forest is an almost-exact duplicate of a house in the nearby Conway Farms subdivision. The primary difference is the high ceilings, says Tracy Wurster, the Prudential Preferred Properties agent who represented the sellers in a deal that closed... Read more
Sale of the Week: That Yellow House in Old Town
By Dennis Rodkin
Sale Price: $2.375 million
The Property: The bright yellow stucco of this Old Town house makes it look like the kids in the busy play lot across the street attacked the place with their crayons. Built in 1979, when Old Town was a neighborhood for urban pioneers, the house used to have a less showy façade; it was changed during... Read more
Sale of the Week: Half-Price Sale in Northbrook
By Dennis Rodkin
List Price: $837,000
Sale Price: $805,000
The Property: The buyers of this big house on more than half an acre in Northbrook spent 49 percent of what its prior owners had paid for the place in 2007. Built in 2000 in a neighborhood where builders were replacing many small, older homes with far bigger residences, this house has eight rooms, each one oversized. Its white brick exterior carries through... Read more
Sale of the Week: Hinsdale Foreclosure Sparks a Bidding War
By Dennis Rodkin
List Price: $899,900
Sale Price: $925,000
The Property: Five days after U.S. Bank put this foreclosed 12-room Hinsdale house up for sale, three bidders were vying for it—and the only reason it took that long was that the bank requires a property be marketed for at least five days before it will look at offers. “It could have gone even... Read more
Sale of the Week: Atop Bucktown's Bloomingdale Greenway
By Dennis Rodkin
List Price: $2,575,000
Sale Price: $2,350,000
The Property: When this new Bucktown house at 1801 North Hermitage Avenue was under construction two years ago, the Chicago Reader's Ben Joravsky denounced it as “a four-story behemoth that dwarfs the surrounding cottages.” But once the house was completed, in August 2008, the logic of its design became clear, at least to me. Here was a house built to take maximum advantage of its... Read more
Sale of the Week: French Accent on Lake Shore Drive
By Dennis Rodkin
List Price: $3.59 million
Sale Price: $3.12 million
The Property: On the 16th floor of the 27-story 840 North Lake Shore Drive building, this 4,300-square-foot condo has its dining room in the round projection on the southeast corner, which provides spectacular views down the drive and out across Lake Michigan. The seller, Bart Liang bought the unfinished space in 2005 and had it configured with... Read more
Sale of the Week: Hinsdale Classic Moves, but Slowly
By Dennis Rodkin
List Price: $1.15 million
Sale Price: $1.05 million
The Property: Classically beautiful from the keystone over the arched doorway to a prim trio of slender dormers, this 13-room home in Hinsdale was built on a big corner lot in 2001. Inside, there are five bedrooms, large formal rooms, and ten- and twelve-foot ceilings. According to Carol Lee Cikanek... Read more