Archive for December 2010

A brief look at Norridge

The Census Bureau’s 2009 American Community Survey informs us that the Village of Norridge‘s population is more than 35% foreign born, and nearly half speak a language other than English at home. The Census Bureau estimates the African-American population at 21, up 40% from 2000, when it was 15. In 1960, there was only one... Read more »

Minorities are the majority in Bellwood and Stone Park

Neighboring Stone Park and Bellwood are a study in demographic contrasts. Minorities form an 80% majority in both communities: Hispanics in Stone Park, African-Americans in Bellwood. Bellwood and Stone Park have a lot of similarities beyond their minority-dominated populations and easy access to Chicago’s expressway grid. Most relevant here, they both offer a variety of... Read more »

Oak Park sales status update

Back in May of this year I visited two Oak Park open houses on Erie St with Tony and Kathy Iwersen of Prudential Rubloff. In the above video I sit on the front porch of 1025 Erie and chat about Oak Park life with Kathy. The home at 1025 Erie had its price reduced after... Read more »

Revitalizing downtown Hinsdale

Downtown Hinsdale, the village’s central business district, is on the National Register of Historic Places. The historic designation has helped maintain the human scale and small town look of the buildings, but hasn’t much hindered downtown’s economic transformation. Downtown retail was in sorry shape in the early 80s, a time when a partnership of mine... Read more »

A 3-bedroom Oak Park condo short sale for $70K The 3-bedroom, bath-and-a-half condo at 222 W Washington Blvd last sold for $190,000 in August of 2006, and is currently listed for sale at $70,000. The property’s listed as a “short sale,” so there’s no guarantee it can be had at the $70K price, which pencils out to less than $60 a square foot.... Read more »

West suburban real estate news roundup

Not all of the stories linked below qualify as actual “real estate news,” but any or all may affect your decision on where to move. If you’re homeward bound to Chicago’s western suburbs, the local media can help you learn the flavor of the different communities. Downers Grove to hike taxes 4.6 percent Say Downers... Read more »

Bargain-basement prices in Berwyn

There are currently more than 40 single-family homes in Berwyn priced under $100,000 – many well under $100K – and quite a few condos and 2-flats also under $100K. We don’t know how many of these bargain-basement-priced homes are actual bargains, or whether Berwyn’s growing romance with foreclosures will drive prices even lower. What we... Read more »

Is there a market for million dollar Naperville condos?

Downtown Naperville has million dollar plus condos. Who knew? Two units are currently on the market in that price range at 520 S Washington, overlooking the Riverwalk. A 5,300 square foot 3-bedroom, 3 ½ bath penthouse with 2 garage spaces has been on the market for over a year and is currently priced at $1,795,000.... Read more »

An award-winning home in Western Springs

The 7:28 Metra train out of Western Springs reaches Union Station in downtown Chicago at 7:56. The relatively short commute is just one of Western Springs’ many attractions for home buyers. The schools are good, the people are friendly, the housing stock has character, and the small downtown has a sleepy small town charm about... Read more »

Oak Park single-families under $150K

New listings are still coming to market in Oak Park despite the fact that the holiday season is upon us. Two of the new listings in Oak Park in the past 7 days were single-family homes priced under $150,000.k The 3-bedroom, 2-bath home at 1160 S Scoville Ave quickly went into contingent status, despite being... Read more »