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DealsChicagoDowntown / Loop

Two free months at EnV – a sign of a softening market?

EnV Chicago

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
DealsChicagoNorth Side

Apartment deal of the day – a sunny Lincoln Park studio

2630 N Hampden Chicago

Join us for a brief look at a large studio apartment at 2630 N Hampden Ct, similar to Unit 208, the deal of the day at $250 off the first month’s rent. The building offers updated apartments in a prime Lincoln Park location, steps from the park and from the ...

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Posted by Joe Zekas on May 2, 2013
DealsChicagoDowntown / Loop

Are there deals to be had at Printers Row Lofts?

Printers Row Lofts

Printers Row Lofts is an 8-story, 138-unit loft building at 732 S Financial Pl in the South Loop. The building, which is on the National Register of Historic Places, was converted to loft apartments in 1996 by Tony Rezko‘s Rezmar Group and converted to condos in 2003. We wrote about ...

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Posted by Joe Zekas on May 1, 2013
DealsChicagoNorth Side

Rental deal of the day – Lakeview East 1-bedroom

441 W Barry Chicago

The rental deal of the day is $250 off the first month’s rent on a large one-bedroom with hardwood floors on a tree-lined street in Lakeview East. There’s a separate dining area, air-conditioning, generous closet space and carpeting in the bedroom. The apartment, at 441 W Barry, rents for $1,275 ...

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Posted by sponsored post on April 24, 2013
DealsChicagoDowntown / Loop

Deal of the day – a month’s free rent at K2 apartments

K2 apartments

It’s common for newly-opened apartment buildings to offer discounted rent deals during their initial lease-up. The offers are typically described as free rent. The new K2, for example, is offering a month’s free rent on a 13-month lease to residents who apply no later than April 30 and move in ...

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Posted by Joe Zekas on March 27, 2013
DealsChicagoSouth Side

A free rent deal at Bronzeville’s Lake Meadows

Lake Meadows

Five years ago today we linked to a Crain’s Chicago Real Estate Daily Report that Draper & Kramer planned to demolish the 1,870-unit Lake Meadows apartment complex and replace it with more than 7,800 residential units and half a million square feet of retail space. “The existing buildings have reached ...

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Posted by Joe Zekas on February 21, 2013
DealsTips & adviceRenting

Cash in when a friend rents where you rent

Astoria Tower Chicago

Many management companies reward current residents for referring a new tenant to their building. The reward typically takes the form of a rent credit that ranges from $150 up to $1,000. The operation of these “resident referral programs” must conform to Section 454/5-20 of the Illinois Real Estate License Act. ...

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Posted by Joe Zekas on February 5, 2013
DealsChicagoDowntown / Loop

Is Fornelli Tower the best apartment deal in the Loop?

55 E Washington Chicago aerial view

A Crain’s Chicago Real Estate Daily article on student housing reminded me that I’d been meaning to check into the status of Fornelli Hall, a student housing development that occupies a number of floors at the Pittsfield Building, 55 E Washington, in the Loop. I’d been hearing that some of ...

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Posted by Joe Zekas on January 24, 2013
DealsChicagoDowntown / Loop

Rental deal of the day – a free month’s rent at The Seneca

Seneca screen cap

When we visited The Seneca‘s website yesterday we were greeted by the popup message you see to the right. The offers: a month’s free rent on selected units, and the availability of short-term leases. The website provides a near real-time list of available units, occupancy dates and rent amounts. The ...

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Posted by Joe Zekas on January 11, 2013
DealsChicagoDowntown / Loop

January deals on Mondial River West 2-bedrooms

Mondial roofdeck

It’s January and the seasoned Chicago renter knows that many landlords, anxious to fill their winter vacancies, are offering limited-time deals. The landlords I’ve spoken with this week have few vacancies and have seen surprisingly strong traffic and lease signings. It’s definitely not a renters’ market in the downtown and ...

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Posted by Joe Zekas on January 4, 2013
DealsNews & trendsMarket conditions

Notes from the rental front – MLS rents dropping daily

Aerial view 655 Irving Park

I asked David Nadler of City Ranch Real Estate for news from the rental front, and he sent along the following brief notes: Southport – Lincoln – Wellington An exciting emerging neighborhood west of Wellington trains. 2943 N Lincoln #101, interesting loft condo 2BR with 2 parking spots, $3,000. 3021 ...

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Posted by Joe Zekas on November 14, 2012
DealsChicagoNorth Side

New condos under construction in North Center

4036 N Western Ave Chicago

Fifteen new condos are under construction at 4036 – 4046 N Western Ave in the North Center neighborhood. Noah Properties, one of Chicago’s hottest-selling developers, is building 5 3-bedroom, 2 ½ bath duplex units and 10 2-bedroom, 2-bath single-floor units on the site, with occupancy slated for late January. Duplex ...

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Posted by Joe Zekas on September 7, 2012
DealsSouth / Southwest suburbsLynwood

New lower prices at Ambry Estates in Lynwood

Thumbnail image for New lower prices at Ambry Estates in Lynwood

Chicago home builder J. Lawrence Homes has reduced the price of eight models at Ambry Estates in Lynwood by $15,000 each.  Clearly, an already attractive new home opportunity just got even better. Ambry Estates has four move-in-ready homes complete and ready to occupy before the school year starts.  These homes ...

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Posted by sponsored post on July 21, 2012
DealsChicagoNorth Side

Eighteen condos on Belmont sold out in weeks

2431 W Belmont Chicago

When we shot the above video back in February, at 2431 W Belmont Ave, Noah Properties was in the early stages of building three 6-flat condos. The units were 3- and 4-bedroom, 2-bath units that included garage parking and a high level of finishes. A little over a year earlier ...

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Posted by Joe Zekas on June 14, 2012
DealsChicagoSouth Side

Is this the best deal ever in North Kenwood?

47th St mural, North Kenwood

Five year ago yesterday we briefly noted the 34-unit Drexel Commons condominiums. At the time, units were priced from the $350s to the $380s. Unit 3E, one of 8 units accessed from the courtyard building’s 4627 S Drexel address, sold in January of 2007 for $265,000. It went into foreclosure ...

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Posted by Joe Zekas on June 13, 2012
DealsSouth / Southwest suburbsLynwood

Ambry Estates: Up to $25K in free options during June

Ambry Estates, J. Lawrence Homes

Ambry Estates in Lynwood, an exclusive enclave of single-family homes built by Chicago home builder J. Lawrence Homes is ready to move you in with up to $25,000 in free options through the end of June. Lynwood, IL is one of the best kept secrets south of Chicago’s city limits. ...

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Posted by sponsored post on May 31, 2012
DealsChicagoDowntown / Loop

Water Tower two-bedroom rents for $3,900

Water Tower Place, Chicago

David Nadler of City Ranch Real Estate is a staunch proponent of the notion that condo and townhome rentals are value-priced in comparison to rental apartment buildings. I asked David for some recent examples, and he sent along a half-dozen, ranging from a studio at Sandburg Village to Lincoln Park ...

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Posted by Joe Zekas on May 25, 2012
DealsChicagoDowntown / Loop

77 West Huron offering a month’s free rent

77 West Huron Chicago

When we looked in on 77 West Huron, back in March, the River North high-rise had 22 vacancies and was offering a $100 a month discount on 9 to 12-month leases. The building currently lists 48 of its 304 apartments available for rent between now and June 3, most of ...

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Posted by Joe Zekas on May 10, 2012
DealsChicagoDowntown / Loop

Rent reduces on Chicago’s “most fabulous outdoor space”

888 S Michigan video

When I visited the full-floor penthouse at 888 S Michigan Ave last October I was impressed with the views from what I called “the best private penthouse terrace in the South Loop.” At the time, the unit was for sale for $2+ million and for rent at $10,000 a month. ...

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Posted by Joe Zekas on March 23, 2012
DealsChicagoDowntown / Loop

New Streeterville 3-bedrooms under $700K

ParkView condos video

If you’re looking for a new 3-bedroom, 2 ½ bath condo in Streeterville for less than $700,000 you really only have one option – ParkView Condominiums, 505 N McClurg Ct. You wouldn’t have been able to buy at that price several years ago when we toured a model unit in ...

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Posted by Joe Zekas on March 19, 2012