An inside look at Chicago real estate
A massive Lincoln Park mansion owned by hedge fund executive Joseph G. Nicholas has come on the market for $10 million. It is the most expensive single family home listing in Chicago. The six-bedroom residence at 1866 N. Howe St. has a 50-foot sports court above a four-car garage, in-home…
Chicago area home prices declined in November for the third consecutive month, according to the widely watched S&P/Case-Schiller index. Prices fell 1.3 percent from October to November, the steepest decline among the 20 cities listed in the index. The latest drop came after prices dipped 1.6 percent from September to…
A venture controlled by one of Chicago’s best-known philanthropists has listed a Lake Shore Drive condo for just under $6 million. Property records show the venture, 189 Mayfair LLC, paid $4.5 million in February 2007 for the three-bedroom residence at 189 E. Lake Shore Drive. The venture is controlled by…
Year-over-year home sales in Chicago closed out the year in strong fashion, climbing nearly 15 percent. Nationwide, the picture was equally sunny. Existing home sales jumped 12.8 percent to 4.94 million in December, from 4.38 million in the same period in 2011. What’s more, year-over-year median sale prices climbed 11.5…
Been searching for a downtown condo that will also house your fleet of Ferraris? Well, you’re not going to believe your luck. A unit on the upper floors of Lake Point Tower, 505 N. Lake Shore Drive, recently came on the market for $3.4 million. The price includes a 2,714-square-foot…
Residential real estate sales in Chicago are typically sluggish during the holidays but in the last month 18 Gold Coast homes priced at a half-million dollars or more have traded hands. In the biggest transaction, an 8,400-square-foot mansion at 1525 N. State Parkway sold Dec. 27 for $6.2 million, property…
A founding partner of a West Loop boutique law firm is asking just under $2.8 million for a custom-built mansion in Bucktown. 1660 N. Oakley The 6,400 square-foot residence, completed in 2008, is loaded with high-end amenities and finishes such as an Italian-designed kitchen, wine cellar, mahogany floors and staircases,…
The local housing market may still be sputtering—up one month and down the next—but these acquisitions show there remains an appetite, perhaps a smaller one than in previous years, for high-priced real estate. $15 Million – Park Tower You may have heard the most expensive condominium in Chicago history was…
By Dream Town
You’re ready to rent a new home and can hardly wait to snag a set of keys from the landlord. But before you decide that this is the perfect abode, check out our quintessential checklist for Chicago renters—you should go through each of these items prior to signing a lease.
By Dream Town
As if being home to the World’s Best Hotdog wasn’t enough, the Windy City can now lay claim to an even more significant distinction thanks to a recent report by Zillow, one of national real estate’s premier websites. The distinction: Homebuyer’s Mecca. Or, put simply, the most buyer-friendly housing market…
By Dream Town
By now, technology has fully emerged as an integral part of real estate sales in Chicago–virtual real estate agents, interactive home tours, and whole websites dedicated to real estate advice have today’s buyers and sellers wondering how they ever managed real estate without the Internet. Need to know the crime…
By Dream Town
The metro Chicago real estate market closed out 2011 with slightly improved existing home sales numbers, according to the latest report from the Illinois Association of Realtors (IAR). The industry group released figures on Friday that compared last month’s sales with that of a year earlier, revealing a 1.3% gain…