chicago real estate

North Clinton, Estate of the Day

Filed under: Estates

Today's home in Chicago was custom built for its current owners who created a lovely urban luxury home. Modern features that will delight the homeowner include a four-car heated garage, a Crestron smart home system, wine cellar and a large media room. The great room overlooks the patio which includes a built in barbecue. The home has six bedrooms. There are four stories total and a garage roofdeck and penthouse deck that offer amazing views and substantial outdoor entertaining space. This home is listed at $4.495 million with Koenig & Strey.

Gallery: North Clinton

Tags: chicago, chicago real estate, estate of the day, illinois real estate

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North Dearborn Street, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's Chicago home combines the best of the city that was with the city that is. The six-bedroom home in the Gold Coast area was built in 1877. The home's exterior has been substantially re-built including a new facade, front steps and 2-car garage. The interior has been meticulously renovated including kitchens, baths, windows and mechanical system. The design makes the most of natural light and modern decor but keeps charming older details such as a handsome mahogany-paneled living room, plaster moldings and an original staircase. The eat-in kitchen has a butler's pantry and the luxurious master suite has a marble bath. There are three or four additional upstairs bedrooms with newer baths, and a bright lower level with a family room with built-ins and another bedroom and bath. This home is listed at $4.95 million.

Gallery: North Dearborn Street

Tags: chicago real estate, estate of the day, illinois real estate

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Chicago's Aqua Tower Will Be Home To Radisson Blu Hotel

by Deidre Woollard (RSS feed) —

Filed under: Luxury Travel & Hotels, Real Estate Developments

Chicago's Aqua skyscraper will be home to the first Radisson Blu hotel in the U.S. Chicago Breaking Business says that Carlson Hotels is planning a $125 million hotel for the first 18 floors of the 82-story building. A prior deal to have the tower host a Fairmont-brand hotel fell through several years ago. The building is also home to condo units. Current prices for units on the market range from $299,000 for a studio to $1,988,832 for a four-bedroom unit.

The building has won awards for its unique style that includes wave-like balconies. In 2009, Jeanne Gang, principle and founder of Studio Gang Architects earned a PETA Proggy award for using bird-deflecting elements in the residential building and hotel. The undulating exterior and etched glass help prevent birds from flying directly into windows. The building also contains 55,000 square feet of retail and office space. The hotel will open this fall and rooms will probably average more than $200 per night.

Tags: aqua tower, chicago real estate, hotel opening, radisson blu, studio gang architects

Belden Avenue, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

As the Chicago Tribune reported recently, David Van Zandt, outgoing dean of the Northwestern University School of Law, is selling today's estate. Van Zandt is leaving to become the president of The New School in New York.

The six-bedroom home is a charming mansion in Lincoln Park, Illinois. The 6,300-square-foot home is on a double lot and has a small shady backyard. Van Zandt bought the home in 1996 for $922,500. The older home has been given a modern makeover that includes a contemporary eat-in kitchen with bamboo floors. Vintage rugs are combined with modern art and clean-lined furniture for a charming, spacious effect. This home is listed at $4.7 million.

Gallery: Belden Avenue

Tags: chicago real estate, estate of the day, illinois real estate, lincoln park

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Pitcher Ted Lilly Lists Chicago Home

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping, Sports

Last month we learned that Los Angeles Dodgers pitcher Ted Lilly was putting his Chicago home up for market. Now, Housing Watch led us to the listing. Lilly, who used to play for the Cubs is yet another sports star who may end up losing money on a home he bought in a town he no longer plays for; Housing Watch reports that Lilly bought the home in 2006 for $2.15 million bit it is listed for $2.1 million with Mike Lavorato of d'Aprile Realty.

The 5,500-square-foot Chicago home is located near the Chicago Cubs stadium, Wrigley Field. The brick home on a corner lot has four bedrooms. Lilly and his wife, Natasha did the decorating and the home has a modest, casual appeal. Key features include a wine cellar, roof decks and a heated garage. It also has a self-contained backyard courtyard.

Gallery: Ted Lilly in Chicago

Tags: celebrity real estate, chicago cubs, chicago real estate, illinois real estate, los angeles dodgers, sports stars real estate, ted lilly

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Florsheim Mansion, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's home is a rather unique offering, an 11-room mansion on Chicago's Gold Coast. The Chicago Tribune reported that the mansion was designed by architect Andrew Rebori and later modified by architect Bertrand Goldberg. It was built in 1938 and known as the Florsheim mansion. The five bedroom home and separate guest house were linked in the 1950s by a long galley-style kitchen. The current owner paid $2.23 million to purchase the mansion in 2006 from then-Museum of Contemporary Art director Robert Fitzpatrick.

The home is broken into a number of innovative spaces. After you come in through the outer archway you enter into the office adjoined by the reception room featuring the signature Rebori glass block wash room and overlooking a garden and patio. The second level has an east-facing living room with fireplace and window overlooking State Street and Lake Michigan. The media room is adjoined with the two story family room. On the third floor there are three bedrooms with adjoining Ribori-style bathrooms. This property is listed at $2.5 million.

Gallery: Florsheim Mansion

Tags: chicago, chicago real estate, estate of the day, illinois real estate

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Chicago's Spire Is Kaput

by Deidre Woollard (RSS feed) —

Filed under: Real Estate Developments

It's looking like Chicago's much anticipated Spire won't be built. The plans for the dramatic Santiago-Calatrava-designed tower had it spiraling up 2,000 feet, making it the tallest building in the Western hemisphere. But now that Anglo Irish Bank Corp. has filed a $77 million foreclosure lawsuit against Irish real estate developer Garrett Kelleher it seems like the Spire will remain unbuilt, a symbol of ambition and aspiration that perhaps never completely lined up with reality. The project has 1,200 condos, around 30 percent of which were reported sold at one point including the penthouse, which was once priced at $40 million and bought by Ty Warner.

Ground was broken on the project in 2007 but construction had stalled out in 2008 when Calatrava filed a lien again Kelleher's Shelbourne Development Group. The lawsuit says that loans made to Kelleher's Shelbourne Development Ltd. matured a year ago and are in default. Anglo Irish Bank Corp. will likely take over the 2.2 acre piece of prime real estate.

The Chicago Tribune had reported last month that Calatrava has been working on an alternate plan, one that would involve two separate buildings and could be built in stages. That project might take advantage of the waterfront location to add a hotel, providing another potential revenue stream for the project. For now, though, a hole remains where a dream once was.

Tags: chicago real estate, chicago spire, santiago calatrava

Jamie Dimon's Chicago Mansion Under Contract At Long Last

by Deidre Woollard (RSS feed) —

Filed under: Estates

We like to think we might have helped JP Morgan CEO Jamie Dimon finally sell his mansion on Chicago's Gold Coast. After all, since we posted it as our estate of the day back in July there's been a flurry of attention about the lavish home and now after years on the market it has finally sold. The Wall Street Journal's Developments blog reports that after a nearly 50 percent price drop the eight-bedroom home the mansion sold for an undisclosed price. The WSJ quotes listing agent Janice Owen as saying the unnamed buyer "saw that it was priced correctly and he went for it." Indeed it does seem that he got a bit of a deal, the mansion was priced at $13.5 million in 2007. It was most recently listed for $6.95 million. Dimon paid $4.68 million back in 2000 but hasn't lived in the home in recent years.

The eight-bedroom home was built in 1870 but has been lavishly adapted for the modern executive. The home is spread out over four stories and includes a 900-square-foot rooftop terrace outfitted with ample seating in both sun and shade. There is a second floor master suite, wine vault, an elegant gold and eggplant media room and gym decorated with sports memorabilia and crowned with a starry dome.

Our next Chicago real estate mission: helping gum exec. Bill Wrigley Jr. sell off his raw space penthouse, still at $14 million making it the tops of the Chicago market.

Gallery: 25 East Banks

Tags: chicago real estate, jamie dimon, jp morgan

Jamie Dimon's Slow Seller, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

How does JP Morgan CEO Jamie Dimon live? Quite well, thank you very much. We first checked out his home on Chicago's Gold Coast last year but a new listing offers a deeper look at Dimon's well-decorated environs. His eight-bedroom home was built in 1870 but has been lavishly adapted for the modern executive. The home is spread out over four stories and includes a 900-square-foot rooftop terrace outfitted with ample seating in both sun and shade. There is a second floor master suite, wine vault, an elegant gold and eggplant media room and gym decorated with sports memorabilia and crowned with a starry dome.

Dimon has been the CEO and president of JP Morgan since 2005 and has been an integral part of overseeing the $25 billion in TARP funds that JPMorgan Chase received. He hasn't lived in the Gold Coast home since 2004. He bought the home in 2000 for $4.68 million and originally put it on the market several years ago for $13.5 million. It was at $10.5 million when we checked it out last year but had a price cut earlier this year to $9.5 million. The only property listed for more in the area is Bill Wrigley Jr.'s raw penthouse space.

Gallery: 25 East Banks

Tags: chicago, chicago real estate, estate of the day, illinois real estate, jamie dimon, JP Morgan, jp morgan chase

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Soap Opera Writer Auctions Off Chicago Condo

by Deidre Woollard (RSS feed) —

Filed under: Estates

An Emmy award winning soap opera writer is auctioning off her Chicago condo. Last month Kay Alden picked up her fifth daytime Emmy award this time as co-head of the writing team on The Bold and The Beautiful, and now, as Chicago Magazine reports, she's selling her 25th floor home at auction on July 27. The 4,700-square-foot home is an assemblage four smaller condos bought over the course of 20 years. The full-floor condo has panoramic views. The condo had been listed at $1.95 million for about a year. The auction through Fine & Company has a suggested opening bid is $600,000. Chicago Magazine reports that some of the finishes in the unit are dated (check out their photo gallery for a look). Still, it's a tempting amount of space with some truly stellar views.

Tags: bold and the beautiful, chicago real estate, illinois real estate, kay alden, real estate auction, soap opera

Palmolive Building Condo, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's home is located in the Palmolive building in Chicago, Illinois but we are showcasing it to highlight the work of designer Alessandra Branca. The home was built by Bully & Andrews and no expense was spared to create a luxury environment for the urban dweller. The Italian designer has a great flair for using bright color in a way that is stylish and livable. This home has two bedrooms, a kitchen with a wine closet, a playful striped foyer, a cozy library and richly patterned dining room. It is listed at $4.995 million.

Gallery: Palmolive Building

Tags: alessadra branca, AlessadraBranca, chicago real estate, ChicagoRealEstate, estate of the day, EstateOfTheDay, palmolive building, PalmoliveBuilding

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Lakeview Avenue, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Oprah Winfrey's fomer agent, manager and adviser, attorney Jeffrey Jacobs has some swell digs in Chicago. The Chicago Elite Street column reports that Jacobs has put his duplex penthouse co-op on the market for $5.75 million.

He bought the unit in 1999 and has renovated the elegant four-bedroom abode which was designed by architect David Adler designed. The building is right on the park and has a skylight and big windows show lake and city views. The apartment has a grand staircase which cures upward to four bedrooms plus a nursery/office. The home has a new kitchen, breakfast room and an adjacent family living room. That Oprah money has done this home well, it is exquisitely designed. The formal dining room with faux columns, a piano and a view of the lake and the curved wood-ceilinged billiard room are particularly delightful. It is listed with realtor Janet Owen.

Gallery: Lakeview Avenue

Tags: chicago real estate, estate of the day, jeffrey jacobs, penthouse

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Ryan Dempster In Chicago, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates, Celebrity Shopping, Sports

For Chicago Cubs players, homes near Wrigley Field make for a nice and easy commute. Cubs pitcher Ryan Demptster happens to own two of them which is why, as the Chicago Tribune reports, he is unloading one of them. He paid $1.715 million in early 2006 for the freshly built five-bedroom home but then paid $2.69 million in late 2008 for another newly-built house a few blocks away.

The first home, which is up for sale is a three-story brick and limestone residence with four fireplaces, a master suite with a spa bath, a gourmet kitchen with a butler's pantry, two-person sauna, media room and a penthouse party room on the top floor. The property also has two cedar decks, a hot tub and a garage. This home is listed at $2.25 million.

Gallery: Ryan Dempster In Chicago

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Tags: chicago cubs, chicago real estate, ChicagoCubs, ChicagoRealEstate, estate of the day, EstateOfTheDay, ryan dempster, RyanDempster

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Winnetka Lakefront, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

Today's home sits on Lake Michigan in the posh Chicago suburb of Winnetka. What most endears this house to me is the fact that it truly seems designed for four-season living. The six-bedroom home is just steps to the beach and also has a large terrace for catching the summer sun. There is also an indoor pool for winter that has a fireplace in the same room. The home has large windows that face the lake and a modern style that looks fresh and not chilly. There are seven fireplaces, a wine cellar, media room and a master bedroom with a sitting room. It is listed at $7.85 million.

Gallery: Winnetka Lakefront

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Tags: chicago real estate, estate of the day, illinois real estate, winnetka

Astor Street Home in Chicago, Estate of the Day

by Deidre Woollard (RSS feed) —

Filed under: Estates

This huge home sits on Astor Street, part of Chicago's Gold Coast home. The home takes up three full lots and offers over 26 rooms including 14 fireplaces, a spa, wine cellar, elevator and a five-room guest house. The home was built in 1894 and includes a pool and a sky-lit ballroom. The home is listed at $16.5 million now but was on the market in 2004 for $22 million.

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Tags: chicago real estate, ChicagoRealEstate, estate of the day, luxury real estate

chicago real estate

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