Real estate news & trends
Newly-renovated high-floor 3-bedroom, 3-bath homes are available at Chestnut Tower, 121 W Chestnut St. Unit 3106 is available immediately and rents for $4,995 per month. Unit 3406 will be ready for move-in on August 6 at a monthly rental of $5,150. “We’re not likely to have additional 3-bedrooms available until ...
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Posted by Joe Zekas on July 24, 2014
RealtyTrac defines a mortgaged home as “seriously underwater” when “the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value.” According to RealtyTrac, 17.2 percent of all mortgaged homes in the US were seriously underwater in Q2 2014. Equity rich properties, ...
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Posted by Joe Zekas on July 24, 2014
Chicago’s piratical rental services would like renters to believe that their services are free. There are renters gullible enough to believe that, just as there are renters who are naïve enough to believe the claim that rental services will negotiate the best deal for them. Chicago’s rental services aren’t that ...
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Posted by Joe Zekas on July 24, 2014
Residents at the new condos currently under construction at 1345 Wabash in the South Loop will find a dizzying array of food shopping and dining options nearby – just part of the location’s allure as one of the most convenient and vibrant in Chicago. Jewel-Osco and Trader Joe’s are a ...
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Posted by sponsored post on July 24, 2014
Midtown Square, a mixed-use development on a 2.7 acre site at Glenview Rd and Church St in downtown Glenview, is targeting Q4 2014 occupancy for its 138 one- and two-bedroom apartments. Trammel Crow’s High Street Residential is the developer and FitzGerald Associates is the architecture firm for the project. Exterior ...
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Posted by Joe Zekas on July 23, 2014
Hubbard Place, a new 43-story, 450-unit apartment tower in River North, offers a lavish array of social spaces where its residents can meet each other or enjoy a quiet moment. A spacious, richly-landscaped deck hosts a pool with cabanas, BBQ grills, and a variety of “living room” areas for more ...
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Posted by sponsored post on July 23, 2014
Travel back in time ten years ago and you would have seen a torrent of teardown activity in Glenview and other attractive northern suburbs. Fast forward to the latter part of the decade and many of the new homes built on the teardown sites were in foreclosure and selling at ...
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Posted by Joe Zekas on July 23, 2014
Foreclosure rates in the Chicago – Naperville – Arlington Heights metro decreased for the month of May over the same period last year, according to newly released data from CoreLogic. The CoreLogic data reveals that the rate of Chicago-area foreclosures among outstanding mortgage loans was 2.82 percent for the month ...
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Posted by Joe Zekas on July 23, 2014
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
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
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
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
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
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
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
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
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
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
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
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
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