Chicago Illinois Real Estate Blog

Bruce Weitzman has listed for sale a two-bedroom, 1.5-bath condo at 180 E. Pearson St. in Gold Coast for $955,000.
Unit #5103 is part of the Water Tower Place, which includes 257 units on 74 floors. Louise Study of Baird & Warner is the listing agent for the home.
Weitzman is the founder and president of Andworth [...]

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The average fixed-rate for a 30-year mortgage climbed above 5 percent for the first time in two months, leading to a decline in mortgage applications.
The average fixed rate on a 30-year mortgage was 5.05 percent this week, up from 4.94 percent last week, Freddie Mac said Thursday. The last time rates were above 5 percent [...]

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Putting a home on the market in this grim real-estate climate might seem like lunacy considering how heavily the market favors buyers. Home prices are down 28% from their national peak in the second quarter of 2006, according to the S&P/Case-Shiller home price index, which tracks sales in 20 major housing markets. Still, listing a [...]

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Michelle Kilkenney and Ryan Kilkenney sold a three-bedroom, two-bath condo at 3824 N. Greenview Ave. in Wrigleyville to Edward Limb and Nari Hur for $406,000 on Dec. 1.
The Kilkenneys paid $431,000 for the property in June 2004.
The condo Unit #2 was built in 2001
Ms. Kilkenney is a corporate partner for Kirkland & Ellis LLP’s Chicago [...]

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Chicago-area home buyers who weren’t willing to bet that a federal tax credit was going to be extended closed on more than 6,826 existing home purchases last month, making November the fifth consecutive month of improved year-over-year home sales.
It’s questionable, though, whether the housing market will see a sixth consecutive month of improvement. Typically, home [...]

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D. Tyler Nurnberg and Susan Nurnberg sold a three-bedroom, 2.5-bath home at 1918 N. Leavitt St. in Bucktown to Jason and Nicole Kane for $650,000 on Nov. 20.
The Nurnbergs bought the property for $495,000 in Oct. 2000. The 1,829-square-foot house was built in 1890.
Mr. Nurnberg is a partner at the Chicago office of the Kaye [...]

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Daniel Chad Anderton sold a two-bath home at 1858 N. Leavitt St. in Bucktown to Douglas and Amy Ramsey for $485,000 on Nov. 17.
Mr. Ramsey paid $690,000 for Unit #2 in April 2007. The 1,840-square-foot house was built in 1892.
Anderton is a lawyer in Chicago. He is also licensed to practice law in California.
He earned [...]

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Two pedestrians were hit by a car on the WSU Campus, with the call going out for emergency crews to respond to a trauma at the scene. Details are still coming in about this accident, but it appears that there were indeed injuries at the scene. The accident reportedly took place at around 7:30 A.M. [...]

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Real estate private equity firm Tishman Speyer Properties said it was in discussions with the Federal Reserve Bank of New York and other lenders to restructure loans on a portfolio of downtown Chicago office towers.
Tishman was not in default on the Chicago debt, said company spokesperson Rick Matthews.
"During the course of these discussions, the lenders [...]

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Local bar and grill chain Boston Blackies is seeking Chapter 11 bankruptcy protection from creditors after an ambitious expansion plan that was fried by the recession.
Boston Blackies Management Co., which has eight locations in the Chicago area, list debts of $6.4 million against assets of about $17,000, according to a petition filed Nov. 24 in [...]

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