A local Chicago architecture firm has envisioned a dynamic change to a parking lot in the city's Printer's Row neighborhood.
MGLM Architects would like to see a new, mixed-use development replace the lot, at the southeast corner of Dearborn and Harrison. It would rise seven stories in height and be clad in brick and terra cotta. It would include 170 loft apartments and the ground floor retail would feature a grocery...
Commuters in Chicago that use public transportation have an easier time than most other cities, according to a new report.
The report out from real estate website Trulia compared commute departure and arrival times for households that use public transportation in order to determine the top 25 transit-friendly cities in America. Chicago came out number three, behind Portland and Atlanta. In fourth and fifth place were Boston and Houston, respectively...
Sales have just begun on the next phase of a project in Chicago's storied Bridgeport neighborhood.
This phase of the project, designed by Hanna Architects and from developer Morgan Street, will add 41 new houses designed in a contemporary style, to the Riverbend Estates, so-named because it hugs a portion of the South Branch of the Chicago River...
It's certainly an intriguing question - which neighborhoods in the city are the "coolest." And how is it quantified?
Commercial brokerage Cushman & Wakefield surveyed the country and recently released it's "Cool Streets Report" which identified four neighborhoods in the city: Wicker Park, the Fulton District, Logan Square and Bucktown...
While home prices continue to rise and inventory continues to shrink, there are the first hopeful signs that affordability may return to some areas in the coming months and years.
In the second quarter of 2016, 18 percent of all U.S. housing markets were less affordable than their historic norm. Almost one in five markets, but not quite. It's also an improvement from the previous year when 20 percent of markets were less affordable...
According to a new analysis, Chicago's Loop is one of the nation's most exclusive housing markets.
The analysis, from HomeUnion, notes that the area's median household income of just under $100,000 places it in the 75th percentile, one of the most luxurious area's in the whole country. The average rent for the area is $2,200 a month...
This month's numbers not only allow us to rank the city's top-selling neighborhoods, but also gives us some good news buried in the data.
The Near North Side again led the pack, with 298 sales for the month. They were followed by West Town with 220 sales and the South Loop with 121 sales. The top-selling Near North Side also saw a jump in volume of more than 14 percent...
The latest numbers are in and while the familiar names dominated the suburban market yet again, one historic suburb saw a big sales spike.
Naperville lead the pack again, with a 10.33 percent increase from April to May, followed by Aurora (22.17 percent) and Plainfield (16 percent).
But Oak Park, known for its urban feel and historic architecture, saw a big jump in sales, 33.7 percent.
Read more and check out the latest numbers at Chicago Agent Magazine here .
The Chicago metro area had the second highest home price growth in the country between March and April of this year according to the Case-Shiller Home Price Index.
Prices during that period grew by 2 percent, just below the 2.1 percent rate in Seattle and well above most other major metros.
Year-over-year, Chicago's figure was lower at 3.1 percent.
Read more at Chicago Agent Magazine here .
The landmark Tribune Tower, located on a prominent site on North Michigan Avenue, could soon be up for an exciting transformation.
The tower's owner, Tribune Media, is reportedly close to finalizing a deal that would sell the 91-year-old neo-Gothic tower to a partnership including LA-based CIM Group and a local partner, Golub & Company. The price for the tower and an adjacent site would top $250 million.
The future development could see a new residence or hotel...
The latest news from the Illinois Association of REALTORS® is good: May home sales for the nine-county area showed a 7.5 percent increase year-over-year with median sale prices growing by 6.1 percent to $234,500.
The Chicago Tribune asked Urban Real Estate Partner Matt Silver about the latest numbers and he noted that some areas of the city, like Lincoln Park, have now completely recovered from the downturn in the housing market...
The folks over at Chicago Agent Magazine have a bit of timely advice about your landscaping ideas - one of the most overlooked things when it comes time to sell.
Among their tips: trim trees and shrubs, water well but not too much and, perhaps most important, don't start a project that you can't or won't finish.
Check out the whole list here .
While not a strictly residential project, another high-rise has been proposed for River North. This one would bring a hotel with a rooftop lounge and a new restaurant out of New York.
The 18-story, 199-room hotel was unveiled yesterday for the northwest corner of LaSalle and Hubbard. The site is currently a parking lot. It would include a street-level restaurant together with a rooftop lounge and pool.
Read more at DNAinfo Chicago here .
Another 180 units of rental housing could be coming to River North.
Developer Lennar hopes to build a new tower at 675 N. Wells, currently a surface parking lot. While not much information is available, published reports indicate that the developer could move forward with the project based on its current zoning. A step that would save time in the city's approval process.
Read more at Curbed Chicago here ...
A townhouse development under construction in the West Loop has received a slight makeover to make the final buildings more streamlined and modern as they move toward sales.
The townhouse units, located at 20 N. Loomis, will be geared toward the high end of the market clocking in at just over 5,000 square feet and an asking price of just over $2 million.
Read more at Curbed Chicago here .
Rents have risen to such a height in Chicago that it now takes only two years of owning for buying to make more sense than renting.
According to a new report from Zilliow, the break-even point for Chicago is down five months from a year ago. That compares to a nationwide average of one year and eight months.
Indianapolis has the shortest break-even time in the 35 largest metros at one year and two months. Washington, D.C...
The city of Chicago has launched a new homebuyer assitance program, whereby eligible buyers can receive financial support for down payment and closing costs within the city.
Qualified buyers can only have incomes of up to $133,000 and are eligible for grants of up to 7 percent of the total loan. They are also required to contribute either $1,000 or 1 percent of the purchase price at closing, whichever is less...
A prominent corner in Bucktown will soon see the rise of a new transit-oriented development.
The construction site, located at the southeast corner of Western and Milwaukee avenues, directly adjacent to the Western Blue Line stop, should begin soon on a new, six-story building that will include first floor retail space and a total of 44 apartments...
The West Loop could soon be getting another tower, this time a condo tower.
A venture which is being lead by JDL Development has proposed a 94-unit building for the southeast corner of Jefferson and Fulton streets and plans to present the tower at a community meeting next week.
Read more at Crain's Chicago here...
After years of discussion and a variety of plans, the demolition permits have been issued for the former site of the Children's Memorial Hosptial in Lincoln Park.
The plan for the full site, which will save a selection of the historic buildings (including the white terra cotta buildings at Lincoln/Fullerton/Halsted) includes a nine-story building at 2323 N. Lincoln Ave...
