Urban Real Estate

Chicago Real Estate Blog

  • Chicago's Top Selling Suburbs: January 2017

    Chicago's Top Selling Suburbs: January 2017
    Industry News
    Friday, February 17, 2017
    The latest numbers are in and the top-selling suburb for the month of January 2017 is Naperville, with 131 sales. The perennial favorite in the Western Suburbs beat out its competitors of Aurora, placing second with 119, and Joliet, which beat out Plainfield for third place with a total of 111 sales. Check out the full list at Chicago Agent Magazine here .
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  • Forever Lake & Harbor Views Just Sold at The ParkShore

    Forever Lake & Harbor Views Just Sold at The ParkShore
    Just Sold
    Friday, February 17, 2017
    Enjoy spectacular sunrises and fabulous "Forever" views of Lake Michigan, Navy Pier, and DuSable Harbor from the floor-to-ceiling bay windows in every room of this beautiful 3 bedroom, 2 bath home with private balcony on the southeast corner of The Park Shore. Granite counters and b'fast bar in the open kitchen, Thermidor range, LG double-door fridge; Marble baths; Crown Molding throughout plus many other custom features, such as built-in wall units and organized closets...
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  • Buying Still Beats Renting in Chicago

    Buying Still Beats Renting in Chicago
    Industry News
    Thursday, February 16, 2017
    The latest numbers confirm it; buying is still better than renting in most areas of Chicago. In the most densely populated county, Cook County, it's better to buy - it takes just over 30 percent of the average wage to afford a house, but just over 31 percent to rent the average home. In Lake County, however, it's cheaper to rent than to buy - it takes about 34 percent of the average salary to buy but about 28 percent to rent. Read more at Chicago Agent Magazine here .
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  • Just Listed For Rent at the Prestigious Harbor Point

    Just Listed For Rent at the Prestigious Harbor Point
    Just Listed
    Thursday, February 16, 2017
    Fantastic one bedroom in prestigious Harbor Point, featuring unobstructed views of Lake Michigan & Navy Pier, hardwood floors throughout. New kitchen with stainless steel appliances. Building has 24 hr doorman, indoor pool, gym, guest parking, sundeck with BBQ grills, grocery store, party rooms. View more photos and property details here!
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  • Chicago's Rent Affordability Ranks Competitively

    Chicago's Rent Affordability Ranks Competitively
    Industry News
    Wednesday, February 15, 2017
    Two new reports show that Chicago's rental affordability is somewhere in the middle of the pack both nationally and globally. Nationally, Chicago is 8 th in overall rental affordability - rental costs average $2.49 a square foot, with the median individual apartment for a single month renting right around $1,200...
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  • Beautifully Remodeled & Upgraded at Outer Drive East

    Beautifully Remodeled & Upgraded at Outer Drive East
    Just Listed
    Wednesday, February 15, 2017
    Gorgeous remodeled one-bedroom unit with west facing balcony. No corner left untouched in this remodel with bamboo flooring, matching espresso cabinets in kitchen and bathroom, blizzard white quartz counters and stainless steel appliances. Kitchen boasts full tile backsplash and separate wine fridge. Bathroom has porcelain tile and floor to ceiling tile in the shower...
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  • Single Buyers Are 1/3 of Chicago Market

    Single Buyers Are 1/3 of Chicago Market
    Industry News
    Tuesday, February 14, 2017
    The latest numbers show that fully one third of Chicago-metro area home buyers in 2015 were single, a large surge that has been growing over the last ten years. The 2015 figure, which shows single buyers aged 25 to 34 made up 33.8 percent of buyers in the Chicago area, is a 9.2 increase from 2005. Part of the reason the number is so high in Chicago is that the city is among the most affordable places in the nation to buy and it runs counter to the national trend...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, February 13, 2017
    A Hyde Park high rise in the works for nearly a decade is officially cleared to reach a height of 26 stories. Designed by Chicago Architect Jeanne Gang, Solstice on the Park has been under construction for its foundation and the first four floors of the rental tower at 1616 E. 56th St. The total cost of the project is ultimately expected to cost more than $85 million...
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  • Gold Coast Corner Will Get New Rentals

    Gold Coast Corner Will Get New Rentals
    Industry News
    Friday, February 10, 2017
    New high-end row houses will soon be coming to an empty lot at the corner of Clark and Chestnut, moving forward after a year's apparent delay. A building permit has just been issued for seven historically-inspired stone row houses from Col. Jennifer Pritzker's Tawani Enterprises. They're designed by Chicago firm Booth Hansen and will likely be marketed as rentals. Read more at Curbed Chicago here .
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  • Beautifully Upgraded Unit Just Listed For Rent at Harbor Point

    Beautifully Upgraded Unit Just Listed For Rent at Harbor Point
    Just Listed
    Thursday, February 09, 2017
    Beautifully upgraded 2 Bed / 2 Bath just listed for rent at Harbor Point - gem of the New Eastside! Views of both Maggie Daley Park and Millennium Park. Second bedroom is open to living room with sliding doors. Kitchen is opened to living and dining rooms with loads of cabinet space. Granite counters and high-end appliances. Two full baths have been beautifully renovated...
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  • Thousands of New Apartments Coming to Chicago

    Thousands of New Apartments Coming to Chicago
    Industry News
    Wednesday, February 08, 2017
    A construction boom that Chicago has been riding for the last several years will reach a new milestone this year: more than 6,000 new apartments are expected to be brought to market in 33 new buildings. That number would be equal to the total number of new apartments constructed in the last two years combined and are probably attributable to hot areas like the West Loop, the Milwaukee Avenue corridor and, of course, the Loop and South Loop...
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  • Riverline's First Tower Taking Shape

    Riverline's First Tower Taking Shape
    Industry News
    Tuesday, February 07, 2017
    The large and ambitious Riverline project, planned for a large parcel on the Chicago River's south branch, is starting to take shape. The largest buildings of its first phase received construction permits today. The "Ancora" will eventually rise 28 stories and include 452 new apartments, an amenity deck and 230-car garage. The first phase of the project will also include a second tower, the 18-story "Current", nine townhouses, and 3...
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  • Monday Real Estate Round-Up

    Monday Real Estate Round-Up
    Industry News
    Monday, February 06, 2017
    The Vista Tower is moving right along and will one day change the face of Chicago, and especially the New Eastside. Last weekend, workers on the site poured the concrete mat that will one day form the lowest point in the supertall skyscraper. Read more here at Curbed Chicago . Plans for a large West Loop apartment development have broken cover and it could bring hundreds of new residents to the booming neighborhood...
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  • New Look for West Loop Apartments

    New Look for West Loop Apartments
    Industry News
    Friday, February 03, 2017
    Plans for a large West Loop apartment development have broken cover and it could bring hundreds of new residents to the booming neighborhood. The plan, proposed by the John Buck Company Lendlease, and from GREC Architects, would bring 586 new residences, 14 of which would be townhouses, and 10,000 square feet of retail space to the former site of the H20 Plus Company building at 845 W. Madison...
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  • South Side Lakefront Site To Be Redeveloped

    South Side Lakefront Site To Be Redeveloped
    Industry News
    Thursday, February 02, 2017
    After a joint venture fell apart last year, it looks like a buyer has emerged that plans to build what amounts to an entire new neighborhood on the south lakefront. US Steel is selling their former South Works site (the plant closed in 1992), a 430 acre piece of vacant land on the far South Side. A joint venture between Barcelona Housing Systems and WELink is buying the site and plans to build up to 12,000 new homes there...
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  • Large Remodeled Studio Just Listed in the New Eastside

    Large Remodeled Studio Just Listed in the New Eastside
    Just Listed
    Wednesday, February 01, 2017
    Large convertible studio. 100% remodeled unit, with extra care for additional storage. Kitchen has 42" cabinets, stainless steel appliances, ample storage, granite counters with large work surface. Full tile back splash and marble tile floor. Solid oak floors throughout. Bathroom remodeled with soaking tub, full tile walls and floating vanity. Neutral decor color and new blinds. Large walk-in dressing area and fitted closet...
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  • Popular Investment Exemption In Danger?

    Popular Investment Exemption In Danger?
    Industry News
    Wednesday, February 01, 2017
    Real estate investors shouldn't necessarily hold their breath, but they should watch carefully to see how the new administration in Washington handles the popular tax deferral program known as the 1031 exchange. Named after a section in the tax code, a 1031 exchange allows real estate investors to defer the tax on capital gains for real estate investments when they swap on asset for a "like kind" investment...
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  • Luxury Living at The Legacy at Millennium Park

    Luxury Living at The Legacy at Millennium Park
    Just Listed
    Tuesday, January 31, 2017
    Luxury LEGACY living! Premier features include an open kitchen with Sub Zero appliances, 1.25” granite counters, under-mount kitchen sink, and cherry cabinets. Floor-to-ceiling windows, hardwood floors, Bosch washer & dryer, custom paint, spacious closets. A private balcony provides fantastic views overlooking Lake Michigan, Millennium Park and Grant Park...
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  • Developer plans Single Family Homes In Woodlawn

    Developer plans Single Family Homes In Woodlawn
    Industry News
    Tuesday, January 31, 2017
    The South Side neighborhood of Woodlawn is starting to receive a lot of attention. The long-overlooked community won the 2016 Curbed Cup for Chicago , a reader poll that pits neighborhoods against each other in terms of popularity and development, and now a real estate developer is preparing to break ground on a series of single family homes. Greenline Development is planning an $8...
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  • Just Sold at River North's Ontario Place

    Just Sold at River North's Ontario Place
    Just Sold
    Monday, January 30, 2017
    Just Sold at Ontario Place - in the heart of River North! Spacious and bright East-facing convertible 1 Bed / 1 Bath home features floor-to-ceiling windows and a large balcony, offering the maximum amount of sun light. Beautiful views overlooking the park, John Hancock building, Trump Tower, and the magnificent city skyline, especially at night! View more photos and property details here!
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