Flipping the Rich
Mar13

Flipping the Rich

Last year, 2.87 million homes were foreclosed on in America.  Behind that number is three million stories of hopes and dreams gone wrong.  But not all of the tales are told by the poor, or even the middle class.   The economic meltdown has also taken a fair number of formerly rich people down a peg. By following the failed Chicago School economic theory of never buying anything with your own money, they ended up losing their mansions...

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Just For You Real Estate Agents

Through research done by one of the companies that sells ads on this web site, we’ve known for years now that a large number of people who visit each day are looking for real estate information. They’re people checking out the buildings they hope to live or work in.  Why do they come to us?  Well, as one big-name real estate broker in 60611 once told me, “You have the best pictures of Chicago on the internet.”...

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The Marketing of Downtown Chicago

Last month, we noted two important announcements for the health and vitality of downtown Chicago: The new CityTarget coming to the Sullivan Center (35 South State Street), and Wal-Mart’s new Urban Market to be installed at Presidential Towers (555 West Madison Street). As much as we hate giving credit to politicians for jobs well done, the outgoing Mayor Richard M. Daley really deserves a laurel, and hardy handshake for these...

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Chicago’s Coolest Townhouse?

You may think your two-flat with the bitchin’ wooden kegger porch in the back and view of Wrigley Field is the ultimate in Chicago living.  But we think this home at 1908 South Louis Parkway in Chinatown is probably the city’s best, or at least most interesting, townhouse. Wedged into a development of seemingly identical townhomes just west of the Chinatown Gate, this home is festooned with faux luxe.  From...

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The Loop’s Most Peculiar Building

To the untrained eye, this is just another random alley in the Loop.  But if you know what you’re looking for, this is a rare sight, indeed. This is the Pickwick Stable — an actual farm stable in the heart of the Loop. Official records have the date this stable was built at 1892, but those records are notoriously sketchy.  The Chicago Tribune says it’s actually 1857, which would make this one of the oldest...

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The Best or Worst Roscoe Village Real Estate Ad Ever

It doesn’t take a rocket surgeon to know that when you want to sell something, you make it appear in its best light in the advertisement. With that in mind, perhaps this real estate listing for a Roscoe Village apartment could use a revision. Not because of the snarky Roscoe Village is better than Lakeview boosterism (“…like Lakeview, but without all the drunks.”) Not because the writer misspelled village...

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For Sale: Ambassador East Hotel

The Old Gray Lady of Gold Coast hotels is for sale. Crain’s Chicago Business reports that the Ambassador East Hotel is available for purchase.  In 2005 it sold for $44,500,000.  We’ll see how much it gets this time around.  One disadvantage for any potential buyer, Crain’s notes, is a badly needed renovation which could run $50 million or...

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For Sale: 190 South LaSalle

If you’re in the market for a skyscraper that epitomizes the 90’s aesthetic, then look no further than 190 South LaSalle . Crain’s Chicago Business reports that the skyscraper is for sale.  In 2006 it went for $137,000,000.  We’ll see what happens this time...

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For Sale: The Conrad Chicago

With the prices charged by Michigan Avenue hotels these days you might be better off just buying a hotel! Well, here’s your chance — Crain’s Chicago Business reports that The Conrad Chicago is for sale.  Not only do you get a modern hotel, you get an historic building, and what may be the world’s largest jigsaw puzzle. The Crain’s article comes with a picture showing the modern back end, but...

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