Tag: Condos

Don't take FHA approval for granted

In 2006 the Federal Housing Administration (FHA) insured only 1 in every 50 new mortgage loans in Chicago. In 2009 the FHA insured one in every 5 new loans, and in 2010 one in every 7 was FHA-insured, according to Mortgage Bankers Association data reported by Crain’s. The availability of an FHA-backed mortgage is still... Read more »

A new listing in a newer Northfield condo

Middlefork Woods, completed just over 10 years ago, is one of the newest condo developments in Northfield. It’s located on Old Willow Road, just north of the Walgreens on Willow Road, and within walking distance of a Starbucks, the Northfield Library, and Northfield’s small downtown area. It has easy access to I-94, the Edens Expressway.... Read more »

A rare rental on Mayflower Road in Lake Forest

The Mayflower Park condo in Lake Forest was formerly the site of a school. It’s on a gorgeous wooded site with ravines that drift down toward Lake Michigan. The condo conversion dates to the early 80s. It isn’t often that a unit in this development becomes available for rent, but one just did. It’s a... Read more »

Are Winnetka condos a good buy?

A 1,730 square foot 3-bedroom, 3-bath condo at 660 Winnetka Mews just came on the market for $329,000. It had previously sold for $485,500 in October of 2001. The unit has an updated kitchen with white cabinets and granite countertops. All three bedrooms are generously sized. There’s a fireplace in the large living room, and... Read more »

Few attractively-priced rentals on the North Shore

We’ve tracked the market for rental homes and condos on the North Shore for several years and the market appears to be as tight as I’ve seen it. There are more properties available than there were in the late spring and early summer of last year but, and this is purely an impressionistic take, the... Read more »

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 »

Living large on the lake in Wilmette

You may have considered finding a lakefront home in Wilmette, and then abandoned the notion after noting the multi-million price tags on the infrequently available homes. If you’re still entertaining the notion, think beyond the single-family home. Wilmette offers a good selection of lakefront living options in the mid-rise condo and co-op buildings in the... Read more »

Is this Evanston condo rental a bargain or a booby trap?

The rent is just $1,000 a month for the just-listed 3-bedroom, 2 ½ bath condo in a 6-flat at 820 Dobson in southeast Evanston. According to the listing copy, Unit 3E has all the bells and whistles: central air, hardwood floors, granite countertops, stainless steel appliances, in-unit washer / dryer and fireplace. Parking is included... Read more »

Rent with an option to own at Evanston's Grand Bend

When Bluewater Assets Group purchased the remaining 39 unsold units at Grand Bend at Green Bay in Evanston it slashed prices and arranged new financing options for buyers. Large one-bedrooms are now priced from the $170s and two-bedrooms from the $250s. The price reductions have resulted in 14 sales and, while continuing to sell, Grand... Read more »

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 »