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Here are a couple of photos of a used grill included in the sale of a $1,075,000 condo purchase by one of my buyers. As you can see, there is nothing exceptional or fancy about this grill. It’s metal; it’s obviously used (perhaps 10 years old); it’s a Weber; there’s a tank for gas; there are side shelves on which the griller can place a spatula or tongs - or even a beer or specialty cocktail while the griller is cooking.
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I imagine if you put this grill up on Craigslist you could probably get $45 for it - maybe $50 if someone needed to absolutely have THIS USED GRILL.
But this little (very) used grill held up our deal. And that’s because my client’s lender (not a referral from me) made a big stink about it.
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You see, generally lenders want to finance the real estate, not personal property (I often encounter this dilemma when a property is sold completely furnished and the deal is financed).
My client’s lender (let’s call this lender “Jerky Lender” for our purposes) would not finance the deal as long as this grill was included in the contract. We actually had to go back and rewrite the contract and execute a side agreement for that used grill. Just to satisfy Jerky Lender.
So even though you may find a lender in the internetsphere (or somewhere in hell), don’t automatically assume that the lender has the experience and depth of understanding to get the deal done. I work with some great experienced lenders with good rates who understand the nuances of a purchase.
And won't hold it up over a very used grill.
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See the Helmut Jahn exhibit at the Chicago Architecture Center
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The impact of Helmut Jahn, tragically killed in a bicycle accident earlier this year in west-suburban Chicago, on architectural design in Chicago was immediate and enduring. A year after arriving from Germany in 1966 to study with Fazlur Khan and others at the Illinois Institute of Technology (IIT), Jahn joined C. F. Murphy Associates, the firm Charles Murphy established in 1936 after leaving Daniel Burnham’s firm. His influence grew and 14 years later the firm was renamed Murphy/Jahn.
Check out the exhibit at the CAC opening this weekend, "Remembering Helmut Jahn: 1940 - 2021". The exhibit highlights Jahn's innovative and high-impact designs in the 1980s, which were emblematic of their times but also uniquely Jahn’s. His design of the United Terminal at O’Hare defined international travel for a generation, and his 1985 J.R. Thompson Center in the Loop was a truly original postmodern design that avoided the usual pastiche.
Thompson Center inspired what was perhaps his most prominent international work: Berlin's Sony Center, completed in 2000. In recent decades Jahn continued to push his design forward with the 2003 State Street Village student residences for IIT and the 2011 Mansueto Library for the University of Chicago.
Learn more about Jahn's life and work or view his 2017 CAC talk, The State of Architecture.
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Check out Wicker Park Fest
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As one of Chicago’s most anticipated summer festivals, and dubbed "Chicago's Best Street Festival of the Summer " by the Chicago Tribune, Wicker Park Fest is one of Chicago’s top-drawing festivals, attracting visitors from across Chicagoland and the country with its fantastic music line-up.
Wicker Park Fest reflects the neighborhood’s rich musical heritage, vibrant nightlife and acclaimed restaurants. Building on the area’s unique character, the weekend celebrates the neighborhood with eclectic music, great local food, arts and crafts, and retail vendors.
Wicker Park Fest 2021 is supported by Chicago Presents, a program of Mayor Lightfoot’s #Arts77 – a citywide arts recovery and reopening plan for all of Chicago’s 77 community areas.
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6 Bed | 4.1 Bath Lakeview
Offered at $2,495,000
Click on the image above to watch a cool virtual tour video!
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500 W. Superior St, #2405
3 Bed | 3.1 Bath River North
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3 Bed | 2.1 Bath Cathedral District
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132 E. Delaware Pl, #4801
3 Bed | 3 Bath Michigan Avenue
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175 E. Delaware Pl, #7110
2 Bed | 2 Bath Michigan Avenue
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4 Bed | 3.5 Bath Old Town
Offered at $1,250,000
Open House Saturday, 11:30 - 1:00
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4 Bed | 3.1 Bath Logan Square
Offered at $995,000
Open Houses Sat & Sun, 2:00 - 4:00
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3 Bed | 2.1 Bath Bucktown
Amazing former factory/warehouse on double 48'x100' lot comprised of spectacular indoor/outdoor spaces, courtyards and 2-car garage.
To be offered at $1,695,000
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Spectacular former factory/ warehouse compound on double 48' x 100' lot with soaring buttress ceilings, coach house & 2-car garage.
To be offered at $1,695,000
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4 Bed | 3.1 Bath Gold Coast
Beautifully renovated greystone on fabled tree-lined street.
To be offered at $2,585,000
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4 Bed | 3.1 Bath Lincoln Park
Ultra-cool modern sensation behind vintage façade.
To be offered at $2,350,000
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Modern. Vintage. Architectural. Cool.
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And everything in between.
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© Compass 2021 ¦ All Rights Reserved by Compass ¦ Made in NYC
Compass Real Estate is a Licensed Real Estate Broker with a principal office in New York, NY and abides by all applicable equal housing opportunity laws. All material presented herein is intended for informational purposes only, is compiled from sources deemed reliable but is subject to errors, omissions, and changes without notice. All measurements and square footages are approximate. This is not intended to solicit property already listed. Nothing herein shall be construed as legal, accounting or other professional advice outside the realm of real estate brokerage.
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