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ChicagoDowntown / Loop

Smaller buildings renting rapidly in West Loop

20-22 N Aberdeen

A number of smaller new West Loop apartment buildings built by Michigan Avenue Real Estate Group have leased up rapidly, at rents comparable to those charged at full-amenity towers in the neighborhood. All of the 54 new apartments at 20 – 22 N Aberdeen, which became available for occupancy beginning ...

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Posted by Joe Zekas on July 22, 2014
ChicagoDowntown / Loop

Two new West Loop apartment buildings near completion

Circa 922

The Madison, a 216-unit apartment midrise at 1212 W Madison, is almost entirely closed in. The building’s website has floor plans and rents available, and appears to be offering immediate occupancy, although the building doesn’t appear to ready for occupancy. Circa 922, 922 W Washington, is topped out at 11 ...

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Posted by Joe Zekas on July 22, 2014
ChicagoFar North

Tour a vintage 3-bedroom in an Edgewater 6-flat

5445 N Kenmore

This 3-bedroom, 2 ½ bath vintage condo at 5445 N Kenmore in Edgewater sprawls over 2,800 square feet of living area. The home boasts large, light-filled rooms with great separation between public and private spaces. It has hardwood floors, a newly-renovated kitchen with a breakfast area, a spacious formal dining ...

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Posted by sponsored post on July 22, 2014

The Millennials are coming, perhaps

Hubbard Place party

One of the few things you can say for certain about the Millennial Generation is that its membership is huge in number. Beyond the sheer size of this cohort, certainties vanish. Predicting the impact that Millennials will have on the sale and rental housing markets is, in some respects, akin ...

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Posted by Joe Zekas on July 22, 2014
Downtown / LoopTips & adviceRenting

Should renters claim the broker bonus at 73 East Lake?

73 East Lake Chicago

Not all Chicago landlords cooperate with rental service brokers, but the ones that do typically pay a commission equal to a month’s rent. Several of the newer buildings have rented up successfully while paying rental services a flat fee per unit that’s well under a month’s rent. The new Loop ...

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Posted by Joe Zekas on July 21, 2014
ChicagoNorth Side

A very special duplex loft on a quiet Lakeview street

1318 W George

1318 W George is a former warehouse renovated into a boutique loft condominium with seven distinctly different homes open from a second-floor courtyard. Unit 2B has a soaring living area that’s ideal for entertaining. The up-to-date kitchen has a large island and stainless steel appliances. The home has a large ...

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Posted by sponsored post on July 21, 2014
ChicagoNorth Side

Tour the new luxury apartments at Webster Square in Lincoln Park

Webster Square sundeck

Webster Square is the first new construction apartment building in Lincoln Park in decades. Webster Square boasts a top-tier location at 558 W Webster Ave, steps from the best of everything in Lincoln Park. Oz Park and Mrs Green’s Natural Market are directly across the street. Buses at the corner ...

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Posted by sponsored post on July 21, 2014
ChicagoDowntown / Loop

The scary swift service at K2 luxury apartments

Juan and Rafael at K2

K2 is a new luxury apartment tower in the Fulton River District. K2 has a stellar location, a full suite of amenities that includes a pool deck with skyline views, a fitness center, a basketball court / yoga studio, resident lounge and party rooms, a business center, a theater and ...

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Posted by sponsored post on July 21, 2014
ChicagoDowntown / Loop

See Chris Kennedy’s remarks at the Wolf Point groundbreaking

Chris Kennedy

Construction has been underway for months on a 509-unit, 48-story apartment tower at Wolf Point, the iconic site where the Chicago River forks to the north and south. It’s typical for an official groundbreaking ceremony to occur well after the actual groundbreaking that marks the start of construction. On Friday, ...

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Posted by Joe Zekas on July 18, 2014
ChicagoDowntown / Loop

Trib surfaces first rendering of Stern tower

Stern rendering

The Chicago Tribune reported late yesterday that a 67-story, 500 unit apartment and condo tower has been proposed for a site at 451 E Grand Ave in Streeterville. The site is immediately west of the new 500 Lake Shore Drive. The tower, designed by architect Robert A.M. Stern, would include ...

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Posted by Joe Zekas on July 18, 2014
ChicagoDowntown / Loop

View the Taste of River North from K2 Apartments

Ward Park

K2 Apartments has a gateway location in the Fulton River District that affords its residents quick access to the bars, restaurants, nightlife and other attractions in the adjacent West Loop, River West and River North neighborhoods. One of the advantages of K2′s location is that summer becomes a months-long festival ...

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Posted by sponsored post on July 18, 2014
ChicagoNorth Side

Rent an apartment and donate to the Lakeview Pantry

Lakeview Pantry

You need a new apartment, and many Chicago residents need help with food, especially in the summer months when children are out of school. When you become a new resident at one of Planned Property‘s apartments this July and August, Planned will donate a portion of your rent to the ...

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Posted by sponsored post on July 18, 2014
ChicagoDowntown / Loop

Night views from Streeter Place, and Navy Pier fireworks

View from Streeter Place

I arrived on the 55th floor roof of Streeter Place, 355 E Ohio, just after sunset yesterday evening. The timing allowed me to sample the views before the Navy Pier fireworks began at 9:30. The roof configuration didn’t offer a direct view south. Night shots show off my limitations as ...

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Posted by Joe Zekas on July 17, 2014
ChicagoNorth Side

Forty acres and a mull in Lincoln Park

Finkl Steel aerial

Crain’s Chicago Real Estate Daily reported yesterday on a meeting hosted by North Branch Works to mull the future of a 40-acre stretch of Lincoln Park. The location, from the Chicago River north to Webster Ave, includes the former Guttmann Tannery, Finkl Steel and A. Lakin & Sons sites and ...

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Posted by Joe Zekas on July 17, 2014
ChicagoNorth Side

An impressive new Lincoln Park home by RD Precision

2455 N Greenview

RD Precision homes have been selling pre-completion, attracting buyers with a rich mix of standard features and impressive craftsmanship. The homes have open floor plans, high ceilings, extravagantly large windows, spacious kitchens with high-end appliances, oversized islands and floor-to-ceiling cabinetry. The most striking features of an RD Precision home are ...

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Posted by sponsored post on July 17, 2014
News & trendsMarket conditions

June foreclosures at lowest levels since 2006

East Garfield Park

RealtyTrac released its Midyear 2014 U.S. Foreclosure Market Report today. The report reflects a 19% decrease in US foreclosure filings over the previous six months and a 23% decrease from the first six months of 2013. States with the highest foreclosure rates in the first half of 2014 were Florida ...

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Posted by Joe Zekas on July 17, 2014
ChicagoNorth Side

The shockingly good views from Webster Square

Webster Square view

One of the expected trade-offs for living on a pedestrian-friendly street in the lower-density parts of Lincoln Park is giving up skyline views. If that’s your expectation, you’re likely to be shocked when you step out on the sundeck at Webster Square. The views are sweeping, and they’re extraordinary, even ...

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Posted by Joe Zekas on July 16, 2014
ChicagoNorth Side

The everyday convenience of Halsted Flats apartments

Whole Foods

When you visit Halsted Flats, the new luxury apartment tower in Lakeview East, you’re likely to be impressed by the building’s extensive amenities and its feature-laden apartments, and overlook the basic needs of day-to-day living. Don’t worry. Whole Foods is just down the block on Halsted, and Walgreen’s and Walmart ...

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Posted by sponsored post on July 16, 2014
ChicagoDowntown / Loop

1345 Wabash condos have a focus on design

1345 S Wabash

A focus on design is nothing new for the CMK Companies. CMK has a history of creating architecturally distinctive high-rises that are, according to NewCity Design, “a relief from the so-so-ness of neighboring condo buildings.” At 1345 Wabash in the South Loop CMK has once again teamed up with Brininstool ...

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Posted by sponsored post on July 16, 2014

Calling ex-rental service agents to speak out

Craigslist screen cap

Recruiting ads for new rental service leasing agents on Craigslist lure the naïve into thinking they’ll join a fast-growing elite firm, be trained for a career with high earnings potential, and be supported with the latest technology. The reality is that working at a rental service is a miserable experience ...

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Posted by Joe Zekas on July 15, 2014