prime real estate at Business Foreclosure

msokorea.com “There’s so much inventory out there that the buyer can pick and choose,” said Susan Sirles Fidler, a Realtor at Re/Max 10, Oak Lawn. But she cautioned, “The stuff that’s almost free is almost free because it’s going to cost you an arm and a leg to put it back together. It’s not buyer beware as much as buyer be smart.”
                        found at chicagotribune.com.

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If you go For more information,call (800) 345-1020 or visit www.lakegenevawi.com

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Glamour of Geneva Lake accessible -- by mailboat

 

TOM UHLENBROCK St. Louis (Mo.) Post Article published Apr 8, 2007 found at southbendtribune.com

LAKE GENEVA, Wis. -- Capt. Neill Frame edged the U.S. Mailboat Walworth closer to a private pier on Geneva Lake. Chrissi Quinn, the "mailgirl" of the morning, jumped off the boat and sprinted 50 feet to a mailbox into which she jammed a bundle of letters, racing back and leaping aboard just as the captain pulled away.

The mailboat holds 120 passengers and regularly is sold out at $22 a ticket. The ride is a charming anachronism and a great way to see the magnificent mansions and newer architecture along the 20.2 miles of shoreline around the lake.

Mail delivery by boat began in 1873; roads didn't arrive around the lake until 1910. Some 50 residents still receive their mail via water today, not by necessity, but by tradition. Frame signals the arrival of the mail each morning with a toot of the horn, and residents often come down to greet the boat.

Prime real estate
Younglands,
Prime real estate also known as Stone Manor, is the largest mansion on Geneva Lake in Wisconsin. It was built in 1901 by Otto Young, who once peddled costume jewelry from a pushcart, but became wealthy by buying up real estate in Chicago after the Great Fire.

Located 10 miles north of the Illinois state line in southeast Wisconsin, the lake is called Geneva Lake, while the town changed its name long ago to Lake Geneva to avoid confusion with Geneva, Ill.The Potawatomi originally inhabited the area and called the lake Kishwauketoe, which translated to "lake of the clear waters." Because no rivers empty into it -- it is replenished by springs, snowmelt and rains -- the lake is clear and chilly. It averages 61 feet deep and is 144 feet at its deepest.

In 1833, when the U.S. government forced the Potawatomi to give up their land east of the Mississippi River and move west, the Indians put it up for sale for $1.25 an acre.

Sportsmen from Chicago, 73 miles to the southeast, already were frequenting the area to hunt and fish when the Chicago and Northwestern Railroad opened a spur to Lake Geneva on July 6, 1871. Three months later, Chicago burned in the Great Fire and the crystalline lake surrounded by forest seemed like an oasis to the rich fleeing the ashes of the city.

Many residents awaited Chicago's rebuilding at Lake Geneva and chose the area for their lavish summer homes. The half-century from 1870 through 1920 was the golden age when the Swifts and the Schwinns, the Wrigleys and the Wackers founded estates that gave the resort its reputation as the "Newport of the West."Linden Lodge, built by one of the owners of Marshall Field Co., had 37 rooms and 19 fireplaces. Younglands, with seven levels, including a rooftop terrace that had 30-foot trees in tubs, was built by a real estate investor who snatched up charred blocks of Chicago that later become the Loop.

Linden Lodge is long gone, but Younglands still stands, although divided into six luxury condos.

Many of the original mansions have fallen to fire or been razed to make room for subdivisions. The homes that replaced them may not be as grandiose, but with property going as high as $30,000 per foot of shoreline, the lake is still the playground of the well-to-do.

Homeowners on Geneva Lake are required to maintain a walkway at the water's edge so the public, including vacationing visitors, can hike through their property around the lake. Many provide stone paths lined by gardens, making for a lovely, tree-shaded walk.But the mailboat is the easiest way to take in the scenery, and each delivery is an event.

The town of Lake Geneva has a historic district of brick storefronts and the only commercial strip on the lake, with several blocks of galleries, boutiques and restaurants. The stretch of beach next to the Riviera Pier charged $5 admission for adults and was crowded with swimmers and sunbathers.

The pier, where tour boats load, was named for the Riviera, an Italian Renaissance-style building on the water that originally was a 1930s dance hall where the Dorsey Brothers, Artie Shaw and Louis Armstrong played. The building was restored in the 1980s and now houses shops.

Many of the original mansions were built on the lake's north side, which was said to be the coolest, and are viewed only from the water and the walking path. That includes the Wrigley complex of estates and Wadsworth Hall, a stately Georgian mansion billed as the most beautiful of the original surviving estates.With gleaming white columns and a sweeping lawn graced with tall oaks and perennial gardens, it got my vote.

Lake Geneva Cruise Line puts out a book, "Discover Lake Geneva," that serves as a guide to the historic lakefront homes. Or you can take the line's Lady of the Lake double-decker tour boat and let narrator Ray Ames add a few tidbits to the storied past.

When we saw the dome of the Yerkes Observatory towering over the treetops, Ames said it was the largest refracting telescope in the world, built by the University of Chicago far away from city lights. "The university wants to sell the land," he said. "It's soon to be a subdivision, but with the telescope preserved."

He said that Younglands, the largest mansion on the lake, with gold-plated doorknobs and oil paintings on the ceilings, was built in 1901 by Otto Young, who once sold costume jewelry from a pushcart.

"In 1968, it sold for $75,000 at a sheriff's sale," he said of the estate.When Lake Geneva came into view on our return, Ames pointed to the only high-rise in town, the 10-story Lake Geneva Towers condominiums.

"It's built on the site of a hotel designed by Frank Lloyd Wright, which was torn down," Ames said. "The city fathers were so (un)impressed with Lake Geneva Towers, they passed an ordinance saying no future buildings could be taller than the trees."

The 20-mile path is the best way to see the mansions and gardens along the shore of Geneva Lake in Wisconsin.

Chrissi Quinn leaps from the front of the U.S. Mailboat Walworth during a morning mail run around Geneva Lake in Wisconsin.

MCT Photo TOM UHLENBROCK
Wadsworth Hall, built in 1906 for Chicago banker Norman Harris, is reputed to be the most beautiful of the surviving mansions around Geneva Lake, Wis.
Because it is spring fed and deep, the clear waters of Geneva Lake are perfect for fishing, swimming and boating.

MCT Photos TOM UHLENBROCK

 
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