Chicago Illinois Real Estate Blog

How does a Chicago Real Estate Auction Work?
In times of many Chicago foreclosures the ceased Chicago properties will in turn go up for auction . Each Chicago property auction has its specific qualities such as pricing accuracy and time required for preparing and conducting the auction. The number of simultaneous bidders is of critical importance. [...]

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Chicago-area home sales fell more than 22% in April compared with last year but increased over the previous month for the third straight time, according to the Illinois Assn. of Realtors.
The 22.1% year-over-year drop in Chicago-area sales in April was the smallest so far this year.
In the nine-county Chicago region, 4,745 single-family homes and condominiums [...]

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Linda T. Bruemmer bought a 2.5-bath home at 917 Westerfield Dr. in Wilmette from Rose F. Danielson, Carol Danielson-Critchell and Rosemary Danielson-Tupper for $487,500 on April 10.
The 1,715-square-foot house, which was built in 1968, is in the East Wilmette neighborhood.
Ms. Bruemmer is a senior consultant with High Potential, Inc. She has worked with Shields Meneley [...]

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The value of good farmland in several U.S. Midwestern states fell by a "dramatic" 6 percent in the first quarter, the biggest decline since 1985, the Federal Reserve Bank of Chicago said Thursday.
Falling prices for crops hurt farmland values, and the deep U.S. recession also had an impact by cutting into demand for recreational land [...]

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Sarah M. Bolm bought a one-bath home at 4847 W. Catalpa Ave. in Jefferson Park from Marie E. Piltz for $370,000 on April 9.
The 1,349-square-foot home was built in 1925.
Bolm is a director of meeting planning services at the American Bar Association in Chicago.
She attended the University of Wisconsin-Madison.
There were 284 sales in Jefferson Park [...]

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Werner and Marileez Suter bought a condo at 1440 E. Schiller St. in the Gold Coast from Diane Pentoney and Mary Jane Goldblatt for $750,000 on April 9.
Unit #34FGH is part of the 1440 N. Lake Shore Dr. condominium development. It was built in 1966.
Mr. Suter serves as the chairman of Hotels of Switzerland.
Sales at [...]

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Lisa Hadesman and Yehia Farrug bought a 4.5-bath home at 1953 N. Maud Ave. in Lincoln Park from Christopher Odea and Lisa Gordon for $1.1 million on April 6.
Odea and Gordon paid $1.13 million for the property in Dec. 2007. The 2,446-square-foot home was built in 1991.
Hadesman is a senior account executive in the [...]

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Zaid and Mariam Alsikafi sold a three-bedroom, 2.5-bath condo at 1122 N. Dearborn St. in Near North to Dmitriy and Sara Vinarov for $735,000 on March 26.
The Alsikafis paid $667,000 for the 1,750-square-foot Unit #20J in Aug. 2004. The development at 1122 N. Dearborn St., which was built in 2000, has 104 units.
Mr. Alsikafi is [...]

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Eric D. Cohen has listed for sale a three-bedroom, two-bath condo at 635 N. Dearborn St. in Near North for $599,000.
Cohen, along with Mary B. Cohen, paid $485,000 for Unit #1505 in May 2002. There are 126 units in the 28-story building at 635 N. Dearborn St., which is also known as the Caravel. It [...]

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Lawrence M. Kern has listed for sale a two-bedroom, two-bath condo at 1422 N. Mohawk St. in Old Town for $559,000.
Kern and Marsico paid $464,500 for Unit #2 in June 2005. There are four units in the two-story building at 1422 N Mohawk St., which was constructed in 2003.
Mr. Kern is a certified public accountant [...]

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