Urban Real Estate

Chicago Real Estate Blog

  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, January 23, 2017
    A new 56-story skyscraper has officially broken ground this week and will rise over south Michigan Avenue. Named Essex on the Park, the tower is designed by Hartshorne Plunkard Architecture and will ultimately include 479 luxury rental apartments at 808 S. Michigan. The project will also include a renovation of the soon to be landmarked Essex Inn located on the parcel to the north...
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  • Essex Tower To Rise on South Michigan Ave

    Essex Tower To Rise on South Michigan Ave
    Industry News
    Friday, January 20, 2017
    A new 56-story skyscraper has officially broken ground this week and will rise over south Michigan Avenue. Named Essex on the Park, the tower is designed by Hartshorne Plunkard Architecture and will ultimately include 479 luxury rental apartments at 808 S. Michigan. The project will also include a renovation of the soon to be landmarked Essex Inn located on the parcel to the north...
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  • Lake & Harbor Views Just Listed in the New Eastside

    Lake & Harbor Views Just Listed in the New Eastside
    Just Listed
    Thursday, January 19, 2017
    Mid-floor corner two bedroom, two bath. Good-size balcony with a view of the New Eastside, including Lake Michigan, Navy Pier and a lush six-acre park. Beautiful views out every window and large window wall in dining room looking at Lake Michigan and Harbors. Remodeled 2 nd bathroom and all tile entry. Redesigned kitchen allowing for view of dining room and lake. Custom closet doors and new windows installed and paid in 2016. Master bedroom boasts large closet space...
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  • Homes For Sale Hit A New Low

    Homes For Sale Hit A New Low
    Industry News
    Thursday, January 19, 2017
    If the current numbers are any indication, this year home buyers are going to face a big problem when the spring selling season begins: low inventory. As of earlier this month, there are fewer homes listed for sale in the city than at any point in the last ten years. A total of 7,028 homes were on the market, the lowest number recorded by the Chicago Association of REALTORS® and 3.7 percent below the level from one year ago...
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  • 800-foot Tower Planned for Wacker Drive

    800-foot Tower Planned for Wacker Drive
    Industry News
    Wednesday, January 18, 2017
    It seems Chicago developers have gotten over their fear of heights, if they ever had one. In the latest in a slew of recent high profile and high flying towers, Houston-based Howard Hughes Company and Chicago's Riverside Investment and Development have unveiled a proposal for an 800-foot office building for 110 N. Wacker. Designed by Goettsch Partners, it would ultimately feature 1,350,000 square feet of rental space and a new public space and riverwalk interface...
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  • Character and Charm Just Sold in Lakeview

    Character and Charm Just Sold in Lakeview
    Just Sold
    Tuesday, January 17, 2017
    Delightful 2 Bedroom / 1 Bathroom condo in popular Lakeview location. A balance of character, tall ceilings, and modern updates make this a charming and comfortable space to call home. There is a large and light-filled living/dining room with two bay windows and a fireplace. An updated and spacious kitchen features stainless steel appliances, granite counter tops, and a beautiful backsplash...
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  • Chicagoland Poised To Be Among Top Investor Markets

    Chicagoland Poised To Be Among Top Investor Markets
    Industry News
    Tuesday, January 17, 2017
    The latest report predicts that the Chicago metro area will again be among the top housing markets for investors in 2017. According to a report from HomeUnion, single family rental yields will be at 7.5 percent, ahead of markets around the country including smaller cities like Tampa and Charlotte. Chicago was way ahead of markets on the west coast like San Francisco and San Jose which offer among the lowest yields...
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  • Parks and Skyline Views Just Listed in the New Eastside

    Parks and Skyline Views Just Listed in the New Eastside
    Just Listed
    Monday, January 16, 2017
    Complete rehab of sunny, north/west facing home in the New Eastside. This is the largest 1 Bed / 1 Bath floor plan in the building. New open kitchen features granite counter tops and stainless steel appliances. Hardwood flooring in the bedroom, stone in the living room. Huge balcony overlooks parks and city skyline. Amenity rich building with huge fitness center & spa facility. Two level sun deck with grills and a geodesic domed indoor pool...
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  • Urban's Matt Silver Talks Real Estate & Millennials to U.S. News and World Report

    Urban's Matt Silver Talks Real Estate & Millennials to U.S. News and World Report
    Matt Silver, Urban partner and 2017 president of the Chicago Association of REALTORS, shared his insights on how the real estate transaction has evolved - especially in the execution of contracts to meet the needs of the tech-savvy, always connected, younger buyer. Read the entire article here .
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  • Just Listed in Wicker Park! Stunning Duplex Home

    Just Listed in Wicker Park! Stunning Duplex Home
    Just Listed
    Friday, January 13, 2017
    Stunning 2,300 sq. ft. Wicker Park duplex on charming tree-lined street. This home features 3 bedrooms (1 up, 2 down) & 2 1/2 baths, Brazilian cherry hardwood flooring throughout, and 10' tall ceilings. Generous bedroom sizes, built-ins, 2 fireplaces, kitchen features granite counters & stainless steel appliances. Natural stone baths, master includes steam shower, jacuzzi & heated flooring...
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  • Another South Loop Tower Under Construction

    Another South Loop Tower Under Construction
    Industry News
    Friday, January 13, 2017
    The hot South Loop has yet another tower under construction as of this month. The new, 26-story tower will rise from what is today a surface parking lot at 1136 S. Wabash Ave. It will ultimately feature 320 rental apartments and 5,000 square feet of retail space. It is being developed jointly by CA Residential and Keith Giles, and designed by Chicago architecture firm SCB...
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  • FHA To Drop Mortgage Insurance Premiums

    FHA To Drop Mortgage Insurance Premiums
    Industry News
    Thursday, January 12, 2017
    It's a good sign for the housing market, particularly for low and moderate income home buyers. Mortgage insurance premiums, a charge to home buyers who put down less than 20 percent to purchase a home with an FHA mortgage, will drop from .85 percent to .60 percent. David H. Stevens, the president and CEO of the Mortgage Bankers Association, told the press that lower premiums will benefit consumers...
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  • 2-Story Timber Loft Penthouse Just Listed in North Center

    2-Story Timber Loft Penthouse Just Listed in North Center
    Just Listed
    Thursday, January 12, 2017
    Bring the moving truck! Beautiful, 2-story loft penthouse. Gorgeous brick throughout, a private roof deck with 360˚ views. Refinished gleaming hardwood floors and separate dining area. Large eat-in kitchen, with thick granite island, and stainless steel appliances. In-unit washer/dryer, fireplace...
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  • Buying In Chicago Beats Renting

    Buying In Chicago Beats Renting
    Industry News
    Wednesday, January 11, 2017
    New research out recently indicates that not only is it better to buy in Chicago than rent, but it's also better in much of the metro area. The analysis showed that it's slightly more financially responsible to buy than rent in Cook, McHenry and Will counties, while renting is the way to go in Kane, DuPage and Lake counties...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, January 09, 2017
    Condos are starting to make a bit of a come back in Chicago. A new project has recently broken cover for the corner of Sedgwick and Superior. The 34-unit condo building would be designed by Chicago's FitzGerald Associates and rise a total of 12 stories. It would also feature 63 parking spaces. The developer behind the project is Ascend Real Estate Group. Read more at Curbed Chicago here ...
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  • New Condo Plan Unveiled for River North

    New Condo Plan Unveiled for River North
    Industry News
    Friday, January 06, 2017
    Condos will soon be filling a pair of vacant parking lots in River North, according to a new plan out from developer Belgravia Group. The lots are at 356-66 W. Erie and a new 11-story building designed by Chicago-based GREC Architects would have a total of 38 condos when completed. It would also include a fitness center, indoor lounge and outdoor terrace. Read more about the project at Curbed Chicago here .
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  • Open House This Weekend at The Heartbreak Lofts

    Open House This Weekend at The Heartbreak Lofts
    Friday, January 06, 2017
    OPEN HOUSE - 17 N Loomis, Unit 4J - Near West Side Saturday, January 7th - 11:00am to 1:00pm /// Sunday, January 8th - 1:15pm to 3:00pm Sought-after south facing Heartbreak Lofts Penthouse with Private roof deck. This amazing 2bed 2.1 bath unit is over 2000 + sqft of loft space with 12ft ceilings. Both bedrooms have attached bathrooms and walk in closets. Currently, 2nd fl master suite is being used as studio space and closet is being used as a guest bedroom...
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  • Iconic Tower To Rise In South Loop

    Iconic Tower To Rise In South Loop
    Industry News
    Thursday, January 05, 2017
    Chicago's skyline is an ever-evolving architectural statement, some might even call a masterpiece, and a new tower is set to change it forever. Known as One Grant Park, the tower, to be built at the corner of Roosevelt and Indiana in the South Loop, has officially begun construction...
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  • All Chicago Housing Valued At $773 Billion

    All Chicago Housing Valued At $773 Billion
    Industry News
    Wednesday, January 04, 2017
    A new report out says that the total value of all residential real estate in Chicago is $772.6 billion, still below the 2006 peak but gaining strength. The number is 15 percent below the total of the local market's $906.4 billion high. In some markets, housing prices have reached or exceeded their 2006 number, especially on the coasts. Taken as a whole, the country's market is just 1 percent up from 2006 to $29.65 trillion. Read more on this issue at Crain's here .
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  • Tower Planned For Hubbard/Wells Moving Forward

    Tower Planned For Hubbard/Wells Moving Forward
    Industry News
    Tuesday, January 03, 2017
    A new apartment project has officially received its final permission from the city of Chicago to move forward with construction. Last weekend the city issued the permits for the tower to rise to its final height of 23 stories at 221 W. Hubbard, filling in a vacant parking lot at the southwest corner of Wells and Hubbard. It's designed by architecture firm Hirsch Associates and developed by Centrum Partners. Read more at Curbed Chicago here .
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