Chicago Real Estate

Tax Credit Helps Spur 33 Percent Jump In Home Sales From Last Year

Chicago Public Radio | Tony Arnold | Posted 11.24.2009 | Chicago


There's encouraging news out of Chicago's housing market. A new report from the Illinois Association of Realtors says home sales are going up in the C...

City Home Sales Up For First Time In Three Years As Prices Fall

Crain's Chicago Business | Posted 10.23.2009 | Chicago


Home sales in the city of Chicago posted a monthly year-over-year increase for the first time in more than three years, while sales throughout the Chi...

Jim McMahon, Former Bears Quarterback, Sells Chicago-Area Mansion

Chicago Tribune | Bob Goldsborough | Posted 10.18.2009 | Chicago


The "Punky QB known as McMahon" has left the Chicago area....

Suburban Office Market Hits The Skids, Nears 20-Year Low

Crain's Chicago Business | Thomas A. Corfman | Posted 10.05.2009 | Chicago


The suburban office vacancy rate climbed for the ninth straight quarter, to 20.1% in the third quarter, the highest level since the early 1990s, as bu...

Loews Hotels Abandon Block 37 Plans

Crain's Chicago Business | Thomas A. Corfman | Posted 11.14.2009 | Chicago


Loews Hotels has walked away from an agreement to build a high-end hotel as part of the Block 37 development, despite getting the site for $1, dealing...

Home Of The Obamas' Chicago Neighbors For Sale

Huffington Post | Posted 11.11.2009 | Chicago


Yearning to get closer to President Obama? A rare opportunity just opened up. The home next door to Barack and Michelle Obama in Kenwood's mansion di...

Warren Buffett's Berkshire Buys Koenig & Strey Real Estate

NBC Chicago | ANDREW GREINER | Posted 10.17.2009 | Chicago


Billionaire investor Warren Buffet got a piece of Chicago this morning. Buffet's company, Berkshire Hathaway, today acquired Koenig & Strey Real Estat...

Area Home Sales End Three-Year Skid

Crain's Chicago Business | Posted 09.21.2009 | Chicago


Chicago-area home sales inched up in July compared with July 2008, the first year-over-year increase in more than three years, according to the Illino...

Nearly 30% Of Homes Are Worth Less Than Their Mortgage

Chicago Sun-Times | Francine Knowles | Posted 09.20.2009 | Chicago


More than 30 percent of single-family homes in the Chicago metropolitan area had mortgages that were greater than the value of the home at the end of ...

Dwyane Wade Buys River North Townhouse: Is He Bulls Bound?

Deal Estate | Dennis Rodkin | Posted 09.11.2009 | Chicago


The Chicago native Dwyane Wade, a member of the NBA's Miami Heat and the gold medal-winning 2008 U.S. Olympic basketball team, has bought a four-story...

Buyers' Market For Suburban Mansions

Chicago Tribune | Lisa Black | Posted 08.27.2009 | Chicago


Real estate agents say they have never seen prices drop so precipitously when dealing with opulent, often empty high-end homes along the North Shore t...

Inside R. Kelly's Old Chicago Mansion: Space Jam Basketball Court, Fake Log Cabins And More

Decider | David Wolinsky | Posted 08.22.2009 | Chicago


Back in May, we told you about items allegedly belonging to R. Kelly suddenly cropping up for sale on Craigslist. The ad was tersely worded, but it wa...

Ian Schrager In Talks To Buy Famed Ambassador East Hotel And Pump Room

Crain's Chicago Business | Eddie Baeb | Posted 07.30.2009 | Chicago


Ian Schrager, the hip hotelier and onetime impresario of New York nightclub Studio 54, is in talks to buy a pair of faded Chicago landmarks, the Ambas...

Downtown Office Vacancies At 2-Year High

Crain's Chicago Business | Thomas A. Corfman | Posted 07.30.2009 | Chicago


The downtown office vacancy rate continued to climb in the second quarter, reaching 11.9%, the highest level in two years....

'Ferris Bueller' Home With Ferrari Garage Up For Sale: $2.3M

AP | Posted 06.26.2009 | Chicago


HIGHLAND PARK, Ill. - A suburban Chicago home made famous in 1986 movie "Ferris Bueller's Day Off" is up for sale for $2.3 million. The 5,300-square-...

Real Estate Crash: South Loop Condos Auctioned At Deep Discount

Chicago Real Estate Daily | Thomas A. Corfman | Posted 04.09.2009 | Chicago


A weekend auction of 45 units in the Vetro condominium project in the South Loop resulted in sales of more than $12 million, at sharply discounted pri...

Tribune Tower Taken Off The Market

Crain's Chicago Business | Eddie Baeb | Posted 03.28.2009 | Chicago


Tribune Co. has scrapped plans to put the Tribune Tower up for sale because of cratering real estate prices and the company's late-year bankruptcy pro...

Area Home Prices Hit Five-Year Low

Crain's Chicago Business | Alby Gallun | Posted 03.27.2009 | Chicago


Single-family home prices in the Chicago area fell 14.3% last year, but homeowners here fared better than those in many other big cities. The S&P/Cas...

Assessor Looks To Cut Home Valuations As Sale Prices Drop

Chicago Sun-Times | Mark J. Konkol | Posted 02.21.2009 | Chicago


Thanks to the real estate market crash, your house is probably being taxed at a higher level than it's worth. Cook County Assessor James Houlihan say...

South Loop Condo Bust Projected In 2009

Crain's Chicago Business | Alby Gallun | Posted 02.05.2009 | Chicago


The downtown Chicago condo market is bad all over, but it's worse in the neighborhood that was hottest during the building boom: the South Loop. Buil...

Campaign Contributions Aided Real Estate Crash: Tribune

Chicago Tribune | Dan Mihalopoulos, Robert Becker and Todd Lighty | Posted 01.31.2009 | Chicago


Neighborhoods that recently bustled with teardowns and new construction are now filled with many such unsold homes, testament to a collapsed housing b...

Be Obama's Neighbor: Kenwood Homes Under $350K

Zillow | Posted 12.25.2008 | Chicago


Charming 2b condo in completely renovated landmark mansion unit overlooks historic drexel blvd. And features 10' ceilings cherry granite & ss kitchen,...

Chicago Home Prices Drop Nearly 10%

Chicago Tribune | Mary Ellen Podmolik | Posted 12.25.2008 | Chicago


Existing home sales continue in the Chicago metro area fell 17.7 percent from a year ago to 5,397 sales in October properties -- while the median pric...

Chicago Home Sales Fall 23%

Chicago Sun-Times | Francine Knowles | Posted 12.18.2008 | Chicago


Home sales in Chicago fell 23 percent and the median price fell 4.5 percent in the third quarter from a year earlier, the Illinois Association of Real...

Look North: Edgewater Homes Under $350,000

Zillow | Posted 12.13.2008 | Chicago


Gorgeous sun-filled top floor condo with awesome finishes! 2 year old gut rehab with cherry hardwood floors throughout. 1.5 baths, vaulted ceiling, cr...