Tuesday is Chicago real estate tour day. Agents hold open houses of their new listings and Realtors tour these properties for potential clients.
With today’s internet/virtual tour options, fewer and fewer agents go out on these tours, which is a shame. I love to go on tours – I get a chance to visit with colleagues, see gorgeous properties, and stay abreast of home values throughout the area.
Today, I got to see the Yin and Yang of Chicago Real Estate- polar opposites- NEW and VINTAGE. I have to say, I loved them both!
CONTEMPORARY – MODERN
My iPhone photo doesn’t do it justice- the home is open, sleek, chic, and easy to live in! Some of my favorite details:
- When you walk in, there’s a metal floor that’s actually a grid- underneath is a drain so dirt and water from your shoes and boots are immediately taken away.
- The open staircases (up and down) are made of thick blond wood treads.
- The front and rear windows are HUGE spans of glass- this brings the outside in, and it’s incredibly dramatic!
- The lower level has terrazo floors with radiant heat, and the family room is separated from the garden by a sheet of glass- gorgeous!
- The kitchen is slick and sleek – with stainless steel table, cabinets and appliances, offset by blond wood upper cabinets, it’s a chef’s dream!
Find Contemporary Homes for Sale-
Select this link!
HISTORIC – VINTAGE
905 W Castlewood Terrace
You know I’m in love with historic homes, and the old houses on Castlewood are amazing! This home was built in 1911, and it sits on a 90 x 115 lot.
Some of my favorite things about this house:
- Huge side yard!! There’s a lovely fountain, gorgeous plantings, wrought iron fence, and side deck.
- This street is a cul de sac – no through traffic!
- Gorgeous vintage details inside – wood floors, moldings, curved staircase, and more.
- A solarium — a wall AND CEILING of windows that just make me smile!
- It’s big – 4900 square feet inside with 5 bedrooms, 3 full and 2 half baths
Find Vintage Homes for Sale-
Select one of these links:
Vintage Co-op Buildings
Historic Districts of Chicago
Historic Home Search by Price
– – – – – – – – – – – –
And – to help guide you in your home search,
You may have heard the rumors about a Gold Coast high-rise at 9 Walton. Wondering what’s going on?
As of March 26, 2015, no permits had been pulled (Chicago Architecture Blog), but soil sample tests were being done.
The plan calls for a 34 story building with just 67 residences – ultra luxury, indeed!
Walton on the Park is certainly going to despise living in the shadow of this building!
Interested in seeing Floor Plans of 9 Walton?
Send me an email and I’ll forward the newly released residence and building plans!
• Elegant fully staffed lobby
• Valet Parking
• Granite paver, landscaped, covered drive court
• Indoor lap pool
• Hot tub, steam room and sauna
• State of the art workout room – including Pilates and Gyrotonic machines
(Personal training service available)
• Private dining room with professional kitchen and outdoor deck
• Indoor dog run
• Two story conditioned wine cellar with private storage available
• App based management and communication system
• House car/driver
• Dry Cleaning Service
• Electric car charging
• Guest apartment suite
• Classic precast, granite and limestone exterior
• Bronze and glass entry doors
• Post tension concrete frame
• High performance exterior windows and
• Spray foam insulation at all exterior walls
• 1 Gig internet service
• 3 high speed elevators – two passenger and one freight
• 4 pipe heating and cooling system with humidification and electronic filters
• Ten to twelve foot clear ceiling height
• Expansive private outdoor space with heaters
• Custom designed O’Brien and Harris or Bultup cabinetry
• Sub-zero and Wolf appliance package including a 48-60” range)(LaCornueFe
110 range also available as standard), separate refrigerator/ freezer, dishwasher,
under-counter wine cooler (half and full floor units include a full size wine
• A selection of Kallista or Dornbracht plumbing fixtures
• Toto toilets (Washlet series in all master baths)
• ó frameless glass shower enclosures
• Custom built marble slab master shower with steam
• Heated bathroom floors
• Exquisitely detailed marble bathrooms
• 3cm stone countertops (multiple edges available)
• Walnut or Quarter Sawn White Oak hardwood flooring (solid hardwood or
engineered is available – choice of width)
• A selection of hardwood flooring or Stark wool carpeting in all bedrooms
• Fireplace with custom carved marble mantel
• In unit lighting controls
• Pre wired for audio visual and motorized window treatments
• Multiple piece crown moldings
• Wainscoting in gallery and hallways
• Applied moldings on ceilings (per plan)
• 8” decorative wood base trim throughout
• Built in safe
• Custom master bedroom closet build-out
• Gas, electric and water at the terraces
• Recessed lighting throughout
Have a Real Estate Question?
Email me today and get your ANSWER!
An important home in historic Lakewood Balmoral just came on the market!
Click on the Photo Above for the 5438 N Lakewood website!
This gorgeous renovation was done first in 1986, and then again recently. The new kitchens and baths are luxurious, and the nearly 6000 SF home offers the finest blend of vintage and contemporary finishes! There are 6 bedrooms , 4.5 baths PLUS a finished basement. The third floor could be used as a guest suite or family hangout, there’s a nanny suite in the basement, PLUS a separate office/artist’s den with separate guest access allows for privacy, creativity, yet proximity to the home’s activity centers!
Homes on this popular Lakewood Balmoral block don’t come on the market very often – and if they do, they aren’t usually already renovated to the discriminating taste of today’s home buyer. This is rare opportunity!
To see this magnificent property, contact
For more information, read the brochure found below.
Or download the 5438 N Lakewood Brochure Here (on dropbox)
Chicago single family home prices-
where have they been and where are they going?
The following chart shows median home prices for the city of Chicago — 2008 to 2014
The inventory of homes has dropped to almost nothing – this puts pressure on prices, causing them to rise. A “steady” market is 6 months of inventory. It’s neither a buyer’s market nor a sellers’ market at 6 months. Today, it’s a SELLERS’ MARKET!!
Here’s the Chicago inventory of homes (in months):
And, in raw NUMBER of sales, the units of single family homes sold in Chicago has risen dramatically:
Would you like to see these charts for your neighborhood?
Would you like to see the Market Insights Report for your area?
and ask for the report to be emailed to you –
one time or automatically each month!
Views! Views! Views!!
For the Chicago real estate buyer who craves a condo with a view — here’s your February update.
I have been trolling these properties for one of my clients, and she settled on a lovely unit at 1160 S Michigan. It’s at the corner of Michigan Avenue and Roosevelt, just behind Trader Joe’s and next to Yolk — the building has the benefit of being “in the thick of things” — perfect for those who love to leave their home and grab a cab in a jiffy.
The northeast view from the unit is spectacular, and to get a 2100 square foot unit at $800,000 was a terrific deal!
Here are some pictures of the condo, which closed 2 weeks ago at $00,000:
Love it? Don’t Despair!
There are lots of condos available around $1MM if you love a great view — the rest of this post is dedicated to what’s available now, and I’ve included my favorites, too.
Chicago Condos for Sale — Buyer Tour
2 – 3 Bedrooms
Near North (Gold Coast/Streeterville), Loop, South Loop
Select one of the links below to see photos of these properties….
Chicago Condos for Sale February 4, 2014 (2-3BR)
My Favorite Chicago Condos (for sale now) With Great Views
Here are my favorite condos for sale today (2 – 3 bedrooms) that offer great views for around $1,000,000:
The Parkshore – 195 E Harbor Drive # 1402
I love this building – go east on Randolph as far as you can go – take a left and you’re there! They allow dogs, the pool and fitness room are great, and they have tennis court and a lovely park area!
This is a smaller 3 bedroom, but it’s one of my favorite views in the city.
233 E 13th St # 1205
The price has been reduced since it was listed 130 days ago – the competing listing one floor below sold at $1,050,000, and it also had lovely upgrades. My client was considering this one – it’s larger and has more upgrades than the 1160 S Michigan unit, but it wasn’t worth the extra money for her needs.
Nadine did a lovely job capturing the views from this condo, don’t you think?
415 E North Water
This 2 bedroom split floor plan (1770 square feet) offers a different view than the South Loop condos – parking is extra, and the building includes a health club and indoor pool.
600 N Fairbanks #3802
This Helmut Jahn glass building was completed in 2008 – this 2 bedroom/2.5 bath 1536 square foot unit offers a recessed terrace, sun deck, and indoor dog run. Parking is extra.
1211 S Prairie #2304
1212 N Lake Shore Drive 6AN
I love this building! Fantastic indoor pool, fitness center, roof deck, and each unit has a wide terrace overlooking Lake Shore Drive.
1300 N Lake Shore Drive 10D
Margaret Carlson’s listing at 1300 Lake Shore Drive has some interesting upgrades! This view is phenomenal, both to the north AND south the East Lake Shore Drive. With a private entrance and 2200 square feet, this is a terrific unit for someone craving a great Lake Michigan view!
– – – – – – – – – – – – – – – – – – – – – – – – – – – – – –
When you’re ready to make an begin your condo search,
of if you’re just thinking about taking the first step,
What are the most expensive streets
in Chicago’s Lincoln Square Neighborhood?
Based on the MRED sales data over the last 5 years, 4 streets in Lincoln Square are known for their luxury properties:
Since 2007, 32 homes sold for over $800,000 on these 4 streets. Giddings had the most homes that sold over $800K (11), according to the Midwest Real Estate Data MLS service. Sunnyside had 9, averaging $1,364,117. Hamilton’s 6 averaged just over $1.3MM, while Wilson’s 6 averaged $1.1MM. Of all 32 properties, 8 were vintage homes (built before 1925), which were clearly the bargains- they averaged $1.0MM. Only 3 (on these 4 streets) sold for over $1.0MM.
Tour The Most Expensive Lincoln Square Streets
See photos and get property information by selecting one of the following links:
pdf version tablet version
| || ||Closed Date||Listed||Sold||SF||# Rms||Beds||Baths||Yr Blt||Lot Dim||Recent Rehab
|2012||Giddings||8/8/13||$1,050,000||$1,010,000||3900||9||4||3.1||2001||30 X 123||No
|2019||Giddings||5/25/12||$1,795,000||$1,795,000||5100||12||7||4.2||2012||37.5 X 124||No
|2129||Giddings||7/21/08||$1,595,000||$1,497,500||4950||12||5||4.1||2008||37.5 X 123||No
|2152||Giddings||2/1/11||$1,795,000||$1,675,000||5100||13||7||4.2||2010||37.5 X 124||No
|4439||Hamilton||7/16/13||$2,689,000||$2,589,000||NR||13||6||3.2||2008||37.5 X 177||No
|4913||Hamilton||7/9/13||$999,000||$975,000||4700||10||3||3.1||2005||30 X 117||No
|4934||Hamilton||8/3/13||$1,299,900||$1,206,500||4600||12||6||4.2||2008||30 X 120||No
|2104||Sunnyside||1/30/13||$1,395,000||$1,367,500||4100||12||4||3.1||2012||35' X 100'||No
|2109||Sunnyside||10/4/13||$1,280,000||$1,280,000||NR||11||5||3.2||2013||26 X 125||No
|2132||Sunnyside||9/1/09||$899,000||$860,000||NR||12||5||3.1||1886||50 X 100||Yes
|2161||Sunnyside||9/18/09||$1,862,500||$1,862,500||5500||13||6||4.2||2009||37.5 X 125||No
|2310||Sunnyside||1/29/10||$1,249,000||$1,301,000||NR||11||5||3.1||2007||24 X 125||Yes
|2120||Wilson||9/16/10||$1,379,000||$1,310,000||4300||11||5||3.2||2005||37.5 X 125||No
|2125||Wilson||1/30/09||$899,900||$847,500||NR||11||4||2.2||UNK||35 X 135||No
|2174||Wilson||7/11/08||$1,175,000||$1,087,500||NR||13||5||3.1||2007||37.5 X 125||Yes
|2174||Wilson||3/22/11||$1,050,000||$825,000||5500||14||4||3.1||1901||37.5 X 125||Yes
|2600||Wilson||6/7/11||$1,250,000||$1,200,000||6000||12||5||5.1||1920||45' X 120'||Yes
What Homes in Lincoln Square Sold for the Most Money?
I shared the streets that had the most pricey homes,
but what are THE MOST EXPENSIVE HOMES?
See the Most Expensive Lincoln Square Homes
See photos and get information – select one of the following links:
Pdf version Tablet Version
| || ||Listed||Sold||Date||ASF||# Rms||Beds||Baths||Yr Blt||Lot Dim||Recent Rehab
|4439||Hamilton||$2,689,000||$2,589,000||7/16/13||0||13||6||3.2||2008||37.5 X 177||No
|2161||Sunnyside||$1,862,500||$1,862,500||9/18/09||5500||13||6||4.2||2009||37.5 X 125||No
|2019||Giddings||$1,795,000||$1,795,000||5/25/12||5100||12||7||4.2||2012||37.5 X 124||No
|2131||Agatite||$1,875,000||$1,775,487||8/31/11||5100||12||7||4.2||2011||37.5 X 124||No
|2152||Giddings||$1,795,000||$1,675,000||2/1/11||5100||13||7||4.2||2010||37.5 X 124||No
|2129||Giddings||$1,595,000||$1,497,500||7/21/08||4950||12||5||4.1||2008||37.5 X 123||No
|2104||Sunnyside||$1,395,000||$1,367,500||1/30/13||4100||12||4||3.1||2012||35' X 100'||No
|2120||Wilson||$1,379,000||$1,310,000||9/16/10||4300||11||5||3.2||2005||37.5 X 125||No
|2310||Sunnyside||$1,249,000||$1,301,000||1/29/10||0||11||5||3.1||2007||24 X 125||Yes
|2109||Sunnyside||$1,280,000||$1,280,000||10/4/13||0||11||5||3.2||2013||26 X 125||No
|2145||Eastwood||$1,299,000||$1,250,000||6/28/10||4600||11||4||4||2004||37.44 X 121.55||No
|4934||Hamilton||$1,299,900||$1,206,500||8/3/13||4600||12||6||4.2||2008||30 X 120||No
|2600||Wilson||$1,250,000||$1,200,000||6/7/11||6000||12||5||5.1||1920||45' X 120'||Yes
|4420||Campbell||$1,199,000||$1,150,000||10/6/08||0||10||4||3.1||2007||30 X 125||No
What’s for Sale Now in Lincoln Square?
As of this writing, there are 4 homes for sale over $800K, ranging in price from $899,000 to $ 1,199,000.
It’s early in the spring selling season, so to get immediate alerts when new listings become available, sign up for a Lincoln Square Home Search Alert by selecting this link:
Looking for a real estate agent who’s an expert in Chicago’s north side neighborhoods?
Contact Anne Rossley of Baird & Warner.
East Ravenswood Historic District was a popular neighborhood in 2013!
East Ravenswood is located in 2 Chicago Communities – Uptown on the north and Lakeview on the south. Because it straddles 2 communities, getting concise market data is a challenge.
The graph below depicts single family home sales over the last 3 years for each of the communities– both neighborhoods have remained strong, but when looking at each one separately, the statistics are very different.
Combined Statistics for the
East Ravenswood Neighborhood
When looking at ONLY DETACHED homes (old and new) in the quadrant bounded by
– 4000-4800 North, and 1400-1900 West –
one can see a more accurate representation of the homes in this district:
click on the photo above to download the pdf file
The average sales price was 96% of the list price of the home when the contract came in, and it took 108 days on average to sell a home in this neighborhood.
The average 3 bedroom sold for just over $ 650,000 and the average 4 bedroom closed at $ 1,054,000.
Interested in seeing what’s available for sale
in the East Ravenswood Historic District?
Select this link to see TODAY’s list of available homes.
East Ravenswood Homes Sold in 2013
Get a photo tour of these homes – select a link below
Home Tour- pdf format
Home Tour – Tablet Format
The chart below lists the HISTORIC homes that sold in East Ravenswood in 2013
|Stat||Street #||Str Name||List Price||Sold ||SF||# Rms||Beds||Baths||Gar Spaces||Days||Yr Blt||Lot
|PEND||4341||Greenview||$695,000||NR||7||4||1.1||2||5||1902||25 X 120
|CLSD||1440||Pensacola||$1,189,000||$1,124,500||4050||12||5||3.1||2||285||UNK||25 X 121.75
|CLSD||4335||Greenview||$789,000||$769,000||NR||8||3||2.1||2||15||1900||25 X 120
|CLSD||1700||Wilson||$699,000||$680,000||NR||11||5||1.2||2.5||245||1909||45 X 108
|CLSD||1443||Pensacola||$825,000||$820,000||NR||9||4||3.1||2||8||1901||125.25 X 25
|CLSD||4031||Hermitage||$1,029,000||$1,089,000||4642||11||4||3.1||4||6||1900||30 X 165
|CLSD||1466||Pensacola||$820,000||$815,000||NR||7||3||2||0||42||UNK||37.6 X 121.9
|CLSD||1409||Berteau||$1,199,000||$1,169,500||NR||10||4||3.1||2||74||UNK||25 X 125
|CLSD||4115||Greenview||$1,387,000||$1,387,000||NR||11||4||4||2||1||1901||25 X 161
See a map of all Chicago Historic Districts by selecting this link: Chicago Historic District Maps on Google
Jumbo mortgage rates are inching closer to conforming mortgage rates; what does this mean for purchasers?
With lenders’ renewed confidence in luxury home values, “jumbo” rates have come down dramatically and are nearly the same as “conforming” rate loans.
During 2008 and 2009, when lenders were nervous about the luxury home market, the interest rate spread between a jumbo loan (>$417,000) and a conforming loan (=/< $417,000) was 1.5%. The higher jumbo rate, coupled with stricter down payment and underwriting guidelines, paralyzed the luxury home market.
During 2012, the differential was .5%. Today, we are seeing only a 1/8% rate difference in 30 year fixed rates between jumbo and conforming loan amounts.
The reasons for the shrinking interest rate spread are:
– Higher fees charged by Fannie Mae and Freddie Mac are increasing the rates of conforming loans
– Demand for luxury homes are on the rise resulting in more stable luxury home prices; lenders are more comfortable with luxury home collateral
– Lenders are seeking to build a customer base or cement established relationships with high net worth client
Although the jumbo market we have now is very conservatively underwritten, it is the best it has been in the past years. Some lenders allow up to 85% loan to value with most offering up to 80%.
The lenders are looking at the client in the jumbo loan sector and they see clients with liquidity, strong earnings, and ability to withstand financial shock. Lenders are trying to find ways to cater to these clients.
And, that’s a good thing for jumbo borrowers right now.
Article written by terrific lender and friend, Diane Pyshos.
For more information about luxury home loans, contact Diane Pyshos at A&N Mortgage
This home is newly available for sale, but you WILL NOT find it in the Multiple Listing Service.
The brick single family home, near the Menomonee Club and Old Town Triangle building, was previously a 2-flat, and has been rehabbed by the current owners. Now it’s ready for buyers who crave grand spaces (7000 square feet!), privacy (brick walls enclose the compound), and fabulous entertaining spaces (both inside and out) in a location near everything Chicagoans love!
Do you Love to Entertain?
Outside, there are 3 entertaining spaces. Over the 2 car garage is a lushly landscaped deck overlooking Crilly Court.
Do you Love to Garden?
Between the house and the garage roof deck, a paved patio with landscaped planting beds provides privacy and and escape from the convenient city nearby.
Do you Love Flexible Spaces?
Bring the outdoors in to the house by opening the sliding glass doors which separate the 1st floor den from the front patio.
Do you Love Custom Design Details unlike anywhere else?
A detail photo (below) shows the custom iron work that the owner had specially manufactured to add grandeur to the home – this delightful design detail is used to great advantage, highlighting key areas throughout the home’s exterior and gardens.
The interior photos will be posted in the next few days, but if you want to view the property right away, please contact Anne Rossley at Baird & Warner.
Chicago parents are maneuvering now to make sure they’re in the right neighborhood school district before the August 1 CPS deadline.
Here’s a great Chicago real estate bargain – across the street from Audubon Elementary School…
This is a terrific starter home – priced under $700,000, it’s a on the smaller side, but what’s there is finished well. As you check out the pictures on my website (select this link), you’ll see that there are more pictures than necessary. Don’t let that put you off – it’s well worth making an appointment to see it in person.
One of the 3 bedrooms is on the first floor, and the home has 2 full baths. The basement offers a family room and laundry, and the 2nd level includes a HUGE master bedroom, 2nd bedroom, and den. The back yard is lush and landscaped! It was originally built in 1894, and there’s still lots of charm left after the recent rehab.
It’s not my listing – I’m posting this because I think that given today’s market, the home’s condition and location, and the timing (near school starting), I think this is a true…
Chicago Real Estate Bargain!
To find homes for sale in CPS Elementary School Districts,
go to Anne’s website by selecting this link
Anne Rossley, CRB, CRS, SRES
Baird & Warner