Urban Real Estate

Monday Real Estate Round-Up

Monday Real Estate Round-Up

A parking lot near the Groupon headquarters could soon see a new mixed-use development.

Domus Group has hired architecture firm Brininstool + Lynch to build a four story development at 847-861 N. Larrabee St. that would feature ground floor retail together with 49 apartments.

Read more at Curbed Chicago here.

The west and southwest suburbs dominated the list of top-selling communities outside of Chicago in August of 2016. 

Leading the pack, as usual, were Naperville and Aurora, both with high year-over-year sales increases (Naperville saw a 24.02 percent increase while Plainfield saw a 31.08 percent increase).

Outisde of that area, Arlington Heights was number six with a 7.52 percent increase and Evanston came in seventh with a 13.33 percent increase.

Read more at Chicago Agent Magazine here.

New renderings have been released for a tower under construction in River North at the intersection of State and Huron.

The views give us a sneak peek of the completed building, which has been under construction for about five months and will ultimately rise to a height of 26 stories. Developed by CA Ventures and designed by Architect Valerio Dewalt Train Associates, it will have 102 rental appartments, 31 parking spaces and new retail on the ground floor.

Check out more renderings at Curbed Chicago here.

Chicago's home price increases have trailed the nation in the last year, but according to the Case-Shiller Home Price Index, last month prices in the area increased at a level higher than almost every other market in the nation.

From June to July, prices in the metro area rose .9 percent, ahead of the average of .7 percent and only trailing Portland's 1.2 percent increase. Year-over-year, the area increased at 3.7 percent.

Read more and compare the city to other metros at Chicago Agent Magazine here.

The latest numbers are in and three familiar neighborhoods once again lead the city in total number of sales.

In the month of August, the Near North Side saw a 3 percent year-over-year increase in sales to a total of 274. Following in second place was West Town, with a 7.23 percent increase in sales to 178, and Lincoln Park was in third, with a 4 percent decline to a total of 168.

In single family homes the Northwest Side reigned supreme. Norwood Park was in first, seeing a 9.09 percent increase to 48 sales. Following in second was Portage Park with a 9.52 percent increase to 46 sales. The surprise was Dunning, which, with 44 sales, saw a 37.5 percent year-over-year increase.

Read more at Chicago Agent Magazine here.