The most competitive neighborhood in Chicago right now is...drum roll please...the West Loop.
According to an analysis from Redfin, the popular neighborhood has less than .4 months of inventory on the market right now.
That number is definitely low, but it's not alone among city neighborhoods in terms of tight inventory. Right on its heels is Wicker Park with .5 months, and tied in third place are Avondale, Bucktown, Roscoe Village and West Town with .6 months of supply.
The top ten neighborhoods all have less than a month of available inventory. Another important factor to consider is days on the market. Right now, the median time on the market for Ukrainian Village, Logan Square and the West Loop are all two weeks or less.
For the full list and more, head over to Chicago Agent Magazine here.
Chicago has made a lot of news in the last few months for it's financial condition but according to a new analysis, the city and county aren't in the nation's top ten counties for property taxes.
Only one Illinois county made the list for tax burden, that was Kendall County which ranked third in the nation for the highest percentage of home values paid in taxes (3.57 percent). The top tax-paying counties were in New York and New Jersey.
The average tax burden nationwide, according to the report out from Zillow, is $2,823.
For the full report, head here.
Renderings for the new tower that will replace the River North staple Ed Debevic's have been unveiled.
A 22-story residential tower is planned from Developer JDL and designed by James Plunkard of Hartshorne Plunkard Architects. It will include 251 apartments and 12,000 square feet of retail on the ground floor.
See the renderings at Curbed Chicago.