Real estate news & trends
Latest news from YoChicago
Chicago Real Estate Daily is reporting that American Invsco has emerged as the winning bidder for a package of properties that includes The Lex, a 296-unit apartment building at 2138 S Indiana. Invsco wouldn’t confirm speculation that it might convert the building to condos. If the building were to convert, ...
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Posted by Joe Zekas on May 23, 2013
The award-winning Ralph Johnson-designed condominium tower at 235 Van Buren in Chicago’s Loop is transit-oriented development at its best. A CTA Brown and Purple Line station is just around the corner, Union and Ogilvie stations and the CTA’s Red Line are a few blocks away, and 235 has some of ...
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Posted by sponsored post on May 23, 2013
The following info came via email yesterday evening from Redfin: Redfin today published a report analyzing the speed of the real estate market and found that Chicago is the 19th fastest-moving market among Redfin’s 22 markets. Things are heating up across the country, but in the last month Chicago saw ...
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Posted by Joe Zekas on May 23, 2013
When Terry decided to relocate to the city from the northern suburbs, she followed a now-classic path: a Google search that led her to a helpful real estate site – SeeChicagoRealEstate.com. Terry was unsure of what neighborhood she wanted to live in, but the website quickly connected her with Susie ...
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Posted by sponsored post on May 23, 2013
Construction is underway on 216 new apartments on the northwest corner of Madison and Racine in the West Loop. The official groundbreaking ceremony will take place tomorrow at 11 a.m. The Madison on Racine will be a 9-story luxury midrise with a mix of convertible, one- and two-bedroom apartments and ...
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Posted by Joe Zekas on May 22, 2013
Renters at EnV in River North might be envious of the views (and closet space) enjoyed by residents of nearby buildings. Will residents of those buildings envy new EnV renters their discounted rent? EnV recently circulated a “hot sheet” to brokers offering two months’ free rent on 12-month leases on ...
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Posted by Joe Zekas on May 22, 2013
The 3-bedroom plus den, 2 ½ bath home at 1404 W Ohio St in West Town is LEED Platinum certified. As you’d expect, the LEED certification implies a raft of green features. The 2,039 square foot home is on a 25 x 125 lot and is listed at $735,000. Following ...
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Posted by Joe Zekas on May 22, 2013
Viewed from the Merchandise Mart, busts of John Wanamaker (left) and George Huntington Hartford frame the construction underway at 111 W Wacker. The site was a bust as the Waterview Tower condominium. It was acquired last year by Related Midwest, and is coming back to life as a 59-floor, 504-unit ...
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Posted by Joe Zekas on May 22, 2013
From yesterday’s Crain’s Chicago Real Estate Daily: Effective rents at top-tier, or Class A, buildings rose to $2.63 a square foot in the quarter, up 1.9 percent from the fourth quarter and 5.2 percent from a year earlier, according to Appraisal Research Counselors, a Chicago-based consulting firm. Effective rents, which ...
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Posted by Joe Zekas on May 21, 2013
Two townhomes were under construction at Cornelia on the Park when I stopped by the site late last week. The 3-bedroom plus den, 3-bath, 3-story units have two-car garages and are priced from the mid-$400s. The site plans offer a variety of options, including configuring the den as a fourth ...
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Posted by Joe Zekas on May 21, 2013
The page for Solstice on the Park at Studio Gang’s website dates to 2006. We published the above model tour and the following overview of the building exactly five years ago today. We checked in on the status of the project, which has an enviable location fronting Jackson Park, in ...
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Posted by Joe Zekas on May 21, 2013
Some suburbs are obsessive about preventing their citizens from placing anything in the public parkway abutting their property. That’s not the case in Wilmette, where you’ll see the occasional instance of a resident’s having temporarily or permanently commandeered the space between the sidewalk and the street for an idiosyncratic installation. ...
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Posted by Joe Zekas on May 21, 2013
I love visiting rooftops and looking out on how Chicagoans have decked out their rooftops and outdoor terraces. The spaces run the gamut from the starkly utilitarian to the brashly baroque. Last Saturday I was on the roof at 100 E Bellevue Pl in the Gold Coast and shot pictures ...
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Posted by Joe Zekas on May 20, 2013
JDL Development’s website anticipated breaking ground on a new 26-story, 189-unit apartment tower at 212 W Illinois in the spring of 2012. A year later, it appears that the River North project may be underway. A demolition permit was issued a month ago for the one-story building on the site, ...
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Posted by Joe Zekas on May 20, 2013
The Sutherland, 4659 S Drexel Blvd in Hyde Park / Kenwood, was built as a hotel and briefly converted to a military hospital. Its most famous incarnation, however, was as a music venue frequented by some of the greats of jazz music. When the Sutherland was recently converted to luxury ...
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Posted by sponsored post on May 20, 2013
On any given day you can find 1,000s of apartment and help wanted ads placed by rental services that don’t disclose their name in the ad. These “blind ads” are all in violation of the Illinois Real Estate License Act, whether placed by a licensed rental service or one of ...
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Posted by Joe Zekas on May 20, 2013
The Chicago Plan Commission yesterday approved construction of a new 33-story, 290-unit apartment tower with ground-floor retail space at the northeast corner of Chicago and LaSalle. Smithfield Properties is the developer. The next step for the project is approval by the full City Council. ADDED: Adam Berkelhamer of Berkelhamer Architects ...
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Posted by Joe Zekas on May 17, 2013
The modern home at 6435 Indianhead Trail in Indian Head Park is filled with surprises. It’s no surprise that the corner lot and large windows on all sides of the home flood it with light. What is surprising for a modern home is the size of the rooms, the sheer ...
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Posted by Joe Zekas on May 17, 2013
If you’re looking to rent an apartment in River North, you can see all of your managed apartment building options on YoChicago’s availability list, below. Apart from the new buildings, there are currently only twelve large apartment complexes in River North, and we’ve listed all of them in this Google ...
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Posted by Joe Zekas on May 17, 2013
Three of the dozens of new apartment projects in downtown Chicago are visible in the above view. The building with the recessed balconies and construction elevator to the left of center is AMLI River North. The 50-story, 409-unit tower is currently leasing apartments for “summer 2013″ occupancy. Hubbard Place is ...
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Posted by Joe Zekas on May 17, 2013
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