A new project will bring a few new high-end condos to the Fulton River District.
Ranquist Development's 836 Hubbard (located at the same address) will bring eight spacious units to the popular neighborhood with new, high-end finishes. Condo projects have taken a back seat in recent years to large apartment projects but the lack of supply could finally be bringing development activity back to this segment.
The units will be priced started at $750,000.
Read more at Curbed Chicago here.
A new high rise proposed for River North cleared the Chicago Plan Commission yesterday bringing new apartments to what is now a surface parking lot.
The building, which would be constructed at 301 W. Illinois St., is located next to Assumption Catholic Church, would include 245 apartments and 109 parking spaces, of which 35 would be reserved for the church, owner of the parking lot.
The tower, which will rise 24-stories, or 300 feet, is being developed by the John Buck Company and designed by FitzGerald Associates.
For more, head over to Curbed Chicago here.
Like the suburbs? Well 17 of them recently made a list of the nation's 100 safest places to live and two landed in the top ten.
Lake In The Hills was number six of the list and Bartlett was number eight. The data was pulled together by real estate analytics provider NeghborhoodScout from more than 18,000 local law enforcement agencies.
Also in that list from the Chicago area were popular suburbs like Highland Park, Mount Propect, Arlington Heights and Plainfield among others.
For more, head over to Chicago Agent Magazine here.
New analysis from real estate website Zillow has found that Chicago homeowners break even on their purchase in just 2.1 years.
That number, while slightly higher than the national average of 1.9 years, is much better than competing markets in major cities like San Francisco (2.9 years), Los Angeles (4.1 years) and New York (3.1 years).
Zillow compared the median home price and median rent to arrive at the number of years you have to live in a house before breaking even.
Read more at Chicago Agent Magazine here.
The latest numbers are in and Chicago's top luxury neighborhoods for the month of January 2016 are:
First: Lincoln Park. The north side neighborhood had a total of 16 sales over $1 million with the average price of those sales being $2,181,642.19.
In second place was the Near North Side. That neighborhood had a total of 14 sales over $1 million with the average price of $2,140,601.29.
In third was Lakeview with six sales over $1 million, averaging $1,454,866.67.
West Town, the Loop, Logan Square, North Center and Edgewater rounded out the top ten.
Read more at Chicago Agent Magazine.