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ChicagoDowntown / Loop

West Loop affordable apartments topped out, closing in

727 W Lake

The 10-story, 61-unit apartment building at 727 W Lake St in the West Loop is topped out and in the process of being closed in. According to the developer, Interfaith Housing Development Corporation, all of the apartments will be rented to residents who earn at or below 50% of the ...

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Posted by Joe Zekas on July 25, 2014
ChicagoDowntown / Loop

The space-expanding views from Streeter Place

Streeter Place view

Streeter Place, 355 E Ohio in Streeterville, has a variety of studio to 3-bedroom apartments that are more spacious than many in the neighborhood. Square footage is just one measure of space, and not the most important. Streeter Place’s floor plans make efficient use of their space and expand it ...

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Posted by sponsored post on July 25, 2014
ChicagoNorth Side

Lakeview’s Halsted Flats is more than 70% leased

Halsted Flats deck

A scant four months after moving in its first residents, Halsted Flats is more than 70% leased. That’s a torrid pace for a new apartment tower, and a reflection of the excitement that’s accompanied the first new rental high-rise in Lakeview in three decades. Visit Halsted Flats’ floor plan page ...

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Posted by sponsored post on July 25, 2014
ChicagoNorth Side

Apartment deal of the day – a pet-friendly Lincoln Park one-bedroom

2756 Pine Grove

The 176-unit, 11-story vintage high-rise at 2756 North Pine Grove, close to the park in Lincoln Park, has a variety of renovated one- and two-bedroom apartments. A renovated one-bedroom with hardwood floors and a separate dining area is currently available for $1,325 a month. Vintage touches in the apartment include ...

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Posted by sponsored post on July 25, 2014
DealsChicagoDowntown / Loop

Deal of the day – newly-renovated 3-bedrooms at Chestnut Tower

Chestnut Tower

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
News & trendsMarket conditions

Thirty percent of mortgaged Chicago homes seriously underwater

Chatham Club

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

Free Chicago rental services and great apartment deals

Belmont Harbor aerial

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
ChicagoDowntown / Loop

Food options proliferate near new 1345 Wabash condos

Trader Joe's South Loop

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 apartments in Glenview target Q4 occupancy

Midtown Square, Glenview

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
ChicagoDowntown / Loop

Tour the over-the-top amenities at Hubbard Place in River North

Hubbard Place

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

The teardowns are back in Glenview

Glenview single-family

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
News & trendsMarket conditions

Foreclosure, delinquency rates down sharply in Chicago metro area

CoreLogic graphic

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
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