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Posts tagged "New construction"

New construction steps from McKenzie School in Wilmette

It’s my impression, without benefit of hard numbers to back it up, that there’s been an increase recently in speculative teardown and new construction activity in Wilmette. As I travel around the Village, I seem to encounter construction sites more frequently than in recent years. Lynch Partners, a veteran of the Wilmette market, is building... Read more »
By Joe Zekas,
Monday at 6:02 pm
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Trying to better the 2009 purchase price in West Wilmette

If you spend any amount of time reading the comments on local real estate websites, you frequently encounter mocking references to sellers who bought in recent years and are now attempting to resell for more than their purchase price. Those jibes may be merited in some cases, but readers should investigate carefully before concluding that... Read more »
By Joe Zekas,
February 19, 2012 at 9:47 pm
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Rental spotlight – a new townhome in Northfield for $4,500

Unit 1C at 1884 Old Willow Rd in Northfield just came on the market. The 3-bedroom, 2 ½ bath, 2-car garage condo is walking distance from the not terribly walkable downtown Northfield, and has easy access to the Edens Expressway. It is offered for rent at $4,500 a month. The 6-unit Residences of Northfield Center... Read more »
By Joe Zekas,
February 12, 2012 at 5:49 pm
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Adjectives in abundance at new Winnetka home

The website for Glenn Gutnayer Custom Homes touts the first in a series of “Live Forward Today” homes. I paused for a moment, wondering what other direction one might live in, before taking a look at the online brochure (PDF) for 887 Spruce St in Winnetka. The brochure pictures a traditional-style home “right-sized for the... Read more »
By Joe Zekas,
January 29, 2012 at 7:12 pm
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Looking to buy new construction on the North Shore?

Looking back to 2007 it’s now clear that a cottage industry of home builders overbuilt the market for new single-family homes in the $1 million and up range. Prices collapsed for a while, and speculative new construction – homes built without a buyer in hand – came to a virtual halt. We’re now seeing a... Read more »
By Joe Zekas,
January 22, 2012 at 1:46 pm
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Video from a New Year's Day Wilmette open house

If you guessed that no one would visit an open house on New Year’s Day, you would have guessed wrong. Within 50 minutes of the time it opened, nine couples had visited the newly-built 5-bedroom, 4 ½ bath home at 1148 Isabella St in Wilmette, and several more arrived before I left. They came from... Read more »
By Joe Zekas,
January 2, 2012 at 4:17 pm
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New construction on the border of Wilmette and Evanston is open Sunday

Isabella St defines a large part of Wilmette’s southern border with Evanston. On the north side of the street west of Green Bay Rd, in Wilmette, there has been quite a bit of teardown activity and new homes built over the past decade. On the south side of the street, in Evanston, there’s been nowhere... Read more »
By Joe Zekas,
December 30, 2011 at 4:57 pm
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Trying to flip for double in Glencoe?

The recently-built home at 120 Mary St in Glencoe had been the subject of a flurry of lien claims and a foreclosure before being acquired for $2,200,000 three months ago. The 6-bedroom home has 6 full and 2 half baths and a 4-car garage. It’s on a nearly 1-acre southeast Glencoe site. It’s currently listed... Read more »
By Joe Zekas,
October 20, 2011 at 10:28 pm
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A misleading chart on million dollar home sales

It was “a pricey roller coaster ride” blares a brief article in the current issue of Chicago Magazine, accompanied by a chart that illustrates the “surge” in high-end home sales. A lengthier companion article provides additional detail. What’s missing from both articles, however, is any perspective on the supply of $1M+ homes. That perspective is... Read more »
By Joe Zekas,
September 27, 2011 at 8:00 pm
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Why Doug and Elsa bought at Grand Bend in Evanston

After 35 years in the same home in a nearby community Doug and Elsa had a very specific set of requirements for the condo they were looking to purchase in Evanston. Doug’s career as a real estate developer also posed its own set of requirements for construction quality and layout. Doug and Elsa started their... Read more »
By Joe Zekas,
September 2, 2011 at 9:16 am
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