Chicago Illinois Real Estate Blog

Chicago developer Mark Hunt is facing yet another foreclosure lawsuit — this time by a local development group that’s pushing to take control of the former Lincoln Park Hospital property.
A venture led by Michael Supera and Richard Zisook sued Mr. Hunt’s venture that owns the three-acre site at 550 W. Webster Ave. The foreclosure suit [...]

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Mayor Daley, defending the President of the Chicago Board of Education by saying it’s a, "same comment for journalism," when it was reported that Michael Scott is involved in a real estate project that could make him money if the city wins the Olympic bid.
Mayor Daley did not mince words when asked if the negative [...]

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Chas and Vera Gavrilovich have listed for sale a three-bedroom, two-bath home at 7S533 Plainfield Road in Unincorporated Naperville Township for $499,993.
The Gavriloviches acquired the property in Jan. 2005. The 2,046-square-foot house was built in 1954 in the Hobson West neighborhood. Mike McCurry of RE/MAX Elite is the listing agent for the home.
Mr. Gavrilovich is [...]

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After 13 years of failed redevelopment efforts, the United States Postal Service is giving up and auctioning off its largest vacant property: the hulking 2.7-million-square-foot old central post office here.
The suggested opening bid for the auction is $300,000, which is less than an individual condominium goes for in many of the surrounding downtown buildings.
The building [...]

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The market for industrial real estate in the Chicago area continues to worsen, with demand depressed and vacancy rising, as the recession has manufacturers and shippers alike moving less product.
The vacancy rate for warehouse and manufacturing space climbed for a seventh consecutive quarter, reaching 11.7% in the second quarter. That’s up from 9.4% in the [...]

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Among the lesser known of the legal arts, real estate lawyers are not considered nearly as quickly as divorce lawyers, criminal defense attorneys or even personal injury lawyers. During many instances in a person’s life, he or she may consider hiring a lawyer for a variety of reasons. Buying a home or piece of land [...]

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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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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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