Amazing 2 BED / 2 BATH. Open Kitchen w/Breakfast Bar, Stainless Steel Appliances, Granite Counters, Maple Cabinets. Large Living Room/Dining Room And Private Covered Terrace With Sweeping City Views. Spacious Master Suite, Split Floor Plan Bedrooms w/Spacious Closets. In-unit Washer/Dryer. Great Location, Steps To All Lakeview & Lincoln Park Has To Offer! Elevator Building, Rooftop Deck With Grill And Spectacular Views!! Assessments Include Heat & A/C...
Chicago home prices (and those in the entire nation) saw a strong 2014 and have moved toward stabilization, according to a new report from CoreLogic that showed nationwide appreciation was at about 5 percent. In Chicago, price growth was more moderate relative to the national average, with prices rising since February 2014 a total of 3.6 percent including distressed properties and a total of 4.4 percent excluding them...
Cook County property owners now have a new alternative when it comes to filing a property tax appeal, it's called TurboAppeal. Traditionally, property owners either appeal themselves or hire a lawyer to appeal for them. In January of this year, TurboAppeal launched, aiming to apply the "big data" concept to the appeals process. "Our whole process...is being highly intelligent with real estate data," says founder Badal Shah...
A New York-based developer has announced that they're planning a 500-unit development in Pilsen, according to Crain's. The developer, Property Markets Group, lists on their website a brief description of a project they're calling PMG Windy City, which would bring 500 units of apartments to the burgeoning neighborhood on the city's southwest side...
There's a new survey out that shows the median monthly rents for Chicago-neighborhood apartments and the middle-of-the-road one bedroom is now at $1,760. The survey, which examined rents in 29 city neighborhoods showed that the Near North Side had the highest rent at $2,140 for a one bedroom and that Grand Crossing was the least expensive at $680. Median rent for a two bedroom apartment was $2,370. Year over year, rents were up 5...
Fabulous 1 Bedroom / 1 Bathroom in pristine condition at The Chandler. Kitchen includes updated Stainless Steel appliances and hardwood flooring throughout the unit. Witness gorgeous Lake Michigan views from your balcony or explore the lake front, museums, Millennium Park, Maggie Daley Park, dining, and world class shopping! Stay in and experience great building amenities such as indoor rooftop pool, sun deck, hot tub, fitness room and private theater...
A developer has announced a plan to turn a defunct commercial building and parking lot into condos in Lake View. Developer David Trandel plans to preserve the existing building on the site at the corner of Lincoln, Southport and Wellington, with its ornate terra cotta exterior, and gut the interior and build out 10 apartments and retail inside the building and possibly on the vacant parking lot that neighbors it...
A developer is set to turn the site of the long-shuttered St. Dominic Church on North Sedgewick into a new condo building. Developer Conlon & Co. will transform the site into a new six-story building designed by Sullivan Goulette & Wilson. The design will feature 45 total units and a south-facing second story terrace. There will also be on-site enclosed parking for both bicycles and cars...
Some new contemporary-styled condos may soon be coming to Lake View courtesy of Contemporary Concepts, Inc. The developers pushing the new project plan to demolish a single family home and replace it with a 20-unit four story apartment building at 1045-47 W. Cornelia. The neighborhood group supports the plan...
Spacious corner 2 bedroom/2 bathroom soft loft in popular West Loop location. Light filled living room with gas fireplace, floor-to-ceiling windows with custom window treatments. Balcony. Kitchen with island and separate dining space, granite counter tops, maple cabinets & stainless steel appliances. Large master suite has marble bath with dual vanity, walk-in shower & soaking tub. Tons of closet space throughout. Sundeck & exercise room...
Sweeping Views From The Largest One Bedroom, 1.5 Baths On the Curve. Spacious Unit Features Wood Flooring Throughout. Updated Kitchen & Baths. Enlarged Master Bedroom. In-unit Washer/Dryer. Full Amenity Building With Indoor Pool, Health Club, Racquetball Courts, Grocery, Dry Cleaners, Spacious Patio, BBQ Grills, Plenty Of Guest Parking. Easy Access To Lakefront, Millennium Park And The New Maggie Daley Park.
This week news broke that another luxury high rise is coming to Chicago's Gold Coast. The Chicago Architecture Blog recently uncovered information (which was later covered and substantiated by several other media outlets) that JDL Development is proposing a new tower for the southwest corner of Walton and State, which is currently an empty lot. The 34-story tower will feature, however, just two units per floor for a total of 67 residences...
In recent days we've twice referenced the dearth of sales inventory and how it's driving prices upward and making it difficult for many who want to buy a home. Now more numbers are showing that "relief" is coming to the market or at least to a segment of it: the very high end...
Yesterday in our real estate round-up we mentioned the year-over-year jump in sales in the city of Chicago and mentioned that inventory levels were having a marked effect on numbers. Specifically, inventory declines in the city were prompting increased prices. The median sale in the city during the month of February was $212,000, a whopping increase of 21 percent over the previous year...
February sales numbers are out and there's some good news: the city of Chicago saw sales volume increase by 3.9 percent year over year. Chicago Association of Realtors President Hugh Rider called the performance a sign of "buyer confidence" and a "spring buying season starting strong." The median sale price was also up to $212,000, an increase of 21 percent over the previous February...
Ah, the eternal question: what's my home worth? Chicago Magazine (working together with Zillow) has published a nifty interactive map that allows you to plug in variables like the property class (condo, house, etc) and area (city neighborhood or suburb). They also report at some length on the comparative increase/decrease in home values and listing prices over the last ten years and peer into their crystal balls to predict increases over the next year...
A new 36-story mixed-use tower has been proposed for River North and could bring more retail, a luxury hotel and apartments to the bustling area. The tower, designed by Skidmore, Owings & Merrill is from New York-based Symmetry Property Developments. They told Crain's the plan on submitting the proposal to the city soon. That proposal includes a Tryp Hotel (part of the Wyndham chain) and a Gibson's Restaurant Group offering...
Housing is perhaps the largest part of any household budget, so its affordability impacts every other part of an individual or family's life. How do you compute affordability anyway? The standard formula that's often used simply compares the median price of a house with the metropolitan area's median income and voila, affordability as a percentage. It's handy because it allows metro areas across the country to be ranked for would-be relocators...
Chicago's landmark Willis Tower, until recently the tallest skyscraper in North America, sold over the weekend for a record-shattering $1.3 billion according to various media reports. The previous record of $850 million was set last year...
One of Chicago's most famous real estate people weighed in this week on the real meaning of the American dream. Once defined as home ownership (though the soft definition could be expanded greatly), Real Estate Mogul Sam Zell defines the dream very broadly as "freedom." "The American Dream is freedom, not a house," he told a crowd at the Peninsula Chicago Hotel on Wednesday night...
