Articles

  • 1 week ago | therealdeal.com | Kelli Duncan

    The luxury rental market in Chicagoland is small, but it boasts unique homes, including Michael Jordan’s former estate in Highland Park and one of the top floors of the St. Regis tower. Inventory for high-end renters is “pretty low” and often comes from individual homeowners who need a renter to care for their home for a brief period of time, said Compass broker Janet Borden, who has experience with luxury rentals on Chicago’s North Shore.

  • 1 week ago | therealdeal.com | Kelli Duncan

    A true spec mansion on the North Shore is rare, but one just hit the market in Glencoe for $8.3 million. Los Angeles and Miami are known for ultraluxury homes constructed for no specific buyer and marketed to wealthy people, but things are different in Chicago’s affluent suburbs. Developers compete for scarce land, and demand for new construction is so high that builders often end up accepting bids from buyers early on, shifting projects to custom builds.

  • 2 weeks ago | therealdeal.com | Kelli Duncan

    A Lincoln Park home set on a double lot hit the market last week at just under $7.2 million, asking more than 30 percent over its last trade in 2022. The six-bedroom, seven-bathroom mansion at 2043 North Clifton Avenue spans 7,800 square feet for a list price of $918 per square foot, according to public listing information. The property last sold for just under $5.5 million, or $700 per square foot, in March 2022.

  • 2 weeks ago | therealdeal.com | Kelli Duncan

    The head of a local real estate school is suing one of his students for allegedly running a “Ponzi-like scheme” that required taking on over $10 million in loans from individuals to pay off other troubled debts on dozens of South Side homes now headed for foreclosure.

  • 3 weeks ago | therealdeal.com | Kelli Duncan

    Soybean mogul Aluizio Riberio is headed back to Brazil with his family less than a year after he paid $6 million for a renovated, century-old home in the wealthy Chicago suburb of Hinsdale. The historic home, which was heavily renovated in 2023, is back on the market priced just below what Riberio paid for it in August of last year.

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