Real estate news & trends
Just over 1,000 homes and condos were listed as available for rent yesterday in the 14 downtown ZIP Codes that we track. The 1,008 listings were the lowest number we’ve seen in more than 6 months. Available units in South Loop ZIP Code 60605 dropped from 130 early last October ...
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Posted by Joe Zekas on April 17, 2014
Two high-floor 3-bedroom, 3-bath homes will be available in June at Chestnut Tower, 121 W Chestnut St. The unusually spacious homes span 1,920 square feet and have hardwood floors, in-unit washer / dryers and renovated kitchens and baths. Kitchens open to a large living / dining area with two walls ...
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Posted by Joe Zekas on April 17, 2014
RealtyTrac today released its U.S. Home Equity & Underwater Report for the first quarter of 2014. Thirty percent of all Illinois homes with a mortgage were seriously underwater, i.e. had a combined loan amount secured by the property at least 25 percent higher than the property’s estimated market value. Illinois ...
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Posted by Joe Zekas on April 17, 2014
It’s been nearly two years since I spent a good chunk of two days walking the area around the Rosenwald Apartments, a massive abandoned complex at 47th and Michigan. Members of Rosenwald for All, a group of neighbors who live near the building, accompanied me for part of the time ...
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Posted by Joe Zekas on April 17, 2014
Travel back in time to the spring of 2006 and you would have found more than 100 homes on the Village of Wilmette’s list of pending and approved demolition permits. We documented them at the time in five separate Flickr albums: East Wilmette, from Green Bay Rd east to Lake ...
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Posted by Joe Zekas on April 16, 2014
The groundbreaking for the long-dormant Shops and Lofts at 47, 47th St and Cottage Grove, occurred just over a year ago and the development was slated to open “in early 2014.” It’s been seven years and a day since we first wrote about the project. Early 2014 has come and ...
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Posted by Joe Zekas on April 16, 2014
The number of MLS-listed homes and condos available for rent in six north lakefront ZIP Codes from Lincoln Park to Rogers Park is 16% higher than it was six weeks ago, and 35% higher than at the same time two years ago. The 668 units currently available for rent represent ...
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Posted by Joe Zekas on April 16, 2014
You’ll frequently see help wanted ads on Craigslist from real estate firms seeking to hire leasing agents or experienced brokers. If the ad was placed on behalf of a licensed rental service or real estate broker and doesn’t name the firm, the ad is a violation of the Illinois Real ...
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Posted by Joe Zekas on April 16, 2014
News about new developments surfaces in many venues. On April 12th, the Facebook page for 47th Ward Alderman Ameya Pawar announced a proposed development at the northwest corner of Clark and Lawrence, a site that’s been vacant for more than half a dozen years. The site is zoned B2-3, which ...
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Posted by Joe Zekas on April 15, 2014
Can there really be a business brain-dead enough to document acts of vandalism on its behalf on YouTube? There apparently can, and its name is Quantum Apartments. Last week we saw one of Quantum’s signs tacked to a utility pole in Roscoe Village. A search for information about the company ...
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Posted by Joe Zekas on April 15, 2014
Small to medium-sized Chicago landlords should check in periodically at domu’s blog and Advice for landlords page. The site is an excellent source of information about legal trends and practical issues. Recent landlord-oriented posts at domu’s blog have focused on Illinois Appellate Court decisions, security deposit trends and tenant screening ...
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Posted by Joe Zekas on April 15, 2014
It was exactly four years ago today that we first wrote about about Taxman Corporation’s Gateway development plan. The project, at the southeast corner of Madison and Green, has been scaled back several times since the original rendering, above. Chicago Real Estate Daily reported yesterday that a Lennar Corp ...
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Posted by Joe Zekas on April 15, 2014
Related Midwest’s newest apartment tower, OneEleven at 111 W Wacker Dr, has a great location that will serve up glorious views along the Chicago River from north-facing units. The building began its life as Waterview Tower. It was originally slated to rise 90 stories and include 233 condominiums and a ...
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Posted by Joe Zekas on April 14, 2014
Halsted Flats, 3740 N Halsted, is the first new full-amenity apartment high-rise to be built in Lakeview in the last 30 years. Halsted Flats opened recently and has been renting rapidly, with the studios being one of the most popular layouts. Join YoChicago for a look at the just-opened studio, ...
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Posted by sponsored post on April 14, 2014
There are lots of ways to signal Chicago rental services a/k/a apartment locators a/k/a apartment finders that you’re an easy mark. The best way to communicate that you’re an easily-played sucker is to walk into a rental service office, accept whatever agent you’re assigned to, describe your requirements and visit ...
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Posted by Joe Zekas on April 14, 2014
On Thursday evening, April 10, a crowd of people who built K2 and who live in it gathered to celebrate the anniversary of the luxury apartment building’s opening. The event was also the occasion for the ribbon-cutting for the new bridge that connects K2′s luxury apartments directly to the adjacent ...
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Posted by sponsored post on April 14, 2014
American Realty’s Dan Dantuma had 135 repetitive ads on Craigslist as of mid-morning yesterday. More than 80% of them were for a single apartment, a junior 1-bedroom at Gold Coast Galleria, 111 W Maple. Reading the same ad over and over and over again prompted me to learn more about ...
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Posted by Joe Zekas on April 11, 2014
Planned Property owns and manages more than 3,000 apartments in twenty-eight Gold Coast, Lincoln Park and Lakeview buildings in prime locations. The buildings range from walk-ups to contemporary mid-rises to vintage and modern high-rises. Read on for rent and availability information at each of the buildings. Our featured building this ...
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Posted by sponsored post on April 11, 2014
Some Chicago landlords would like tenants to believe that a clause in the lease they signed waives or limits their right to 2 days’ advance notice before their apartment is shown to prospective renters. Any such provision in a lease is in violation of the Chicago Residential Landlord Tenant Ordinance ...
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Posted by Joe Zekas on April 11, 2014
The 19,000 square foot Gold Coast home at 1547 N Dearborn Pkwy has one of the most beautifully landscaped side yards on Chicago’s north side. It’s a true urban oasis that has to be a constant source of delight to its owner. You can see some of the yard in ...
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Posted by Joe Zekas on April 11, 2014
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