Archive for August 2011

New luxury townhomes "reach for splendor" in Oakbrook Terrace

Hartz Homes is a 50-year survivor in an industry that’s been decimated during the past 5 years. And Hartz is continuing to build, recently debuting two new luxury townhome models at the 31-unit OliviaBrook of Oakbrook Terrace. Hartz reports that, to satisfy today’s sophisticated buyers, “from the flooring to the appliances, we’ve upgraded every aspect... Read more »

Buy an Oak Park HomePath one-bedroom for under $600 a month

Unit 7 at 1209 N Harlem Ave in Oak Park came on the market 4 days ago, priced at – wait for it – $35,044. It’s been freshly painted and carpeted, and the fact that it’s offered through the HomePath program is a fair indication that it’s in decent shape. During the first 15 days... Read more »

Is there a market for high-end homes in Naperville?

Dennis Rodkin’s Deal Estate article on a home in Naperville that recently sold for $3,089,500 after years on the market prompted me to take a brief look at the state of the higher-end housing market in Naperville. Rodkin reported that transaction as the highest selling price since 2008. There are currently 26 homes for sale... Read more »

From 50s ranch to 2011 Tudor in Elmhurst

The prolonged market downturn has slowed but not stalled the teardown of obsolete ranch homes in Chicago’s more affluent western suburbs. Less than a year ago a 3-bedroom, 2-bath ranch on a 54 x 131 lot at 200 S Sunnyside Ave sold for $250,000, reduced from $439,000, after lingering on the market for nearly a... Read more »

Groundbreaking prices at Regency Estates in St Charles

August 20 marked the grand opening of Regency Estates, a subdivision offering 44 new single-family homes. K. Hovnanian Homes is offering four different plans at the development, ranging in size from 2,100 to 3,000 square feet. All of the homes include 2-car garages and full basements, 3 to 5 bedrooms and 2 ½ baths. Two... Read more »

Downers Grove swallows up 430 homes

Apparently not everyone who will be living in Downers Grove chose to live there. According to a recent Trib Local report the Village of Downers Grove has annexed more than 400 homes in an unincorporated area adjacent to it. Not all of the residents who will become part of Downers Grove are thrilled with the... Read more »

Quick delivery new homes available in Channahon, Minooka, Plainfield

With plenty of slow-moving resale listings and foreclosed homes on the market in most communities, it may be easy to lose sight of the opportunity to acquire a new construction home at a competitive price. When the home price is at a similar level, the benefits become even clearer – you can choose your own... Read more »

Census shows increasing Latino presence in Western suburbs

According to a Chicago Tribune report of US Census data, 1 of every 3 children under the age of 5 in Cook County comes from a Latino ethnic background. In some of Chicago’s near western suburbs, such as Cicero and Melrose Park, more than 4 of every 5 children under 5 are Latino. Rapidly shifting... Read more »

This week's rental pick - an Oak Park 4-bedroom Colonial

It’s not in the toniest part of Oak Park, and it doesn’t have the greatest curb appeal, but the 4-bedroom, 3 ½ bath center-entrance Colonial for rent at 1045 Euclid has a lot in its favor. Start with the lot – a pleasant 50 x 125 with a 2-car garage, a patio and a gorgeous... Read more »

Town & Country acquires lots at Mirador in North Aurora

Custom and semi-custom builders completed homes on about half the lots at Mirador, a subdivision of 118 lots in the far west section of North Aurora before the development went into foreclosure. According to Crain’s Chicago Real Estate Daily, Town & Country Homes has acquired the remaining 52 lots in the subdivision and plans to... Read more »