Lakeview could soon be seeing a new mixed-use development at the prominent corner of Sheridan and Broadway.
Vermilion Development has proposed a 100-unit apartment building with 2,200 square feet of ground floor retail. They plan to present the project to the community's zoning committee on March 7.
If approved, the glass and brick building could climb just over 100 feet high.
Read more at Curbed Chicago here.
Real estate data firm RealtyTrac has determined that foreclosure activity in the Chicago-area housing market has dropped to its lowest level since 2007, a milestone that shows the local mortgage market in its greatest health in nearly a decade.
There were 4,079 foreclosure actions in the area in January, which includes default notices, REOs and auctions, down almost 12 percent from the previous month and nearly 38 percent from the previous year.
The improvement is even more dramatic taken since July of 2010, when activity was nearly 80 percent higher than it is today.
Read more and check out some nifty graphs at Chicago Agent Magazine here.
January 2016 was another strong month of sales for the dominating players in the suburban housing market.
Naperville lead the pack with 134 and was trailed by Aurora with 120 and Plainfield with 101. Naperville had the most sales even within the subcategories for attached and detached housing.
But the top ten also featured some older standbys like Des Plaines and Orland Park.
For the full story, head over to Chicago Agent Magazine here.
The latest numbers are in from the Illinois Association of REALTORS® and the news is good.
Both sales volume and price were up in January year-over-year, the IAR reported. Home sales in the nine-county area rose 4.8 percent to 6,018, which they called the strongest January market in several years. Median price was also up, 9.1 percent, to $191,000.
In Chicago, the increases were more modest: they rose 1.1 percent but median price was up 4.5 percent to $220,000.
Read more at Chicago Agent Magazine here.
The organization that manages the Chicagoland Multiple Listing Service has added Urban Real Estate's very own Michael Emery to its board of directors. Emery is a Senior Broker and Parter at Urban.
The local MLS, managed by Midwest Real Estate Data (MRED), is a data aggregator providing information to more than 40,000 brokers and appraisers and 8,000 offices.