YoChicago http://yochicago.com Real estate news, video, guides, blog | homes, apartments, neighborhoods | Chicago & suburbs Thu, 23 Oct 2014 16:49:27 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 Chicago-area foreclosure rate continues to decline http://yochicago.com/chicago-area-foreclosure-rate-continues-to-decline/36876/ http://yochicago.com/chicago-area-foreclosure-rate-continues-to-decline/36876/#comments Thu, 23 Oct 2014 14:19:59 +0000 Joe Zekas http://yochicago.com/?p=36876

Foreclosure rates in the Chicago area decreased for the month of August 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 2.57 percent for the month of August 2014, 40.6% below the August 2013 rate of 4.33 percent. Foreclosure activity was nearly 60% higher than the national foreclosure rate, which was 1.61 percent for August 2014.

The Chicago-area mortgage delinquency rate also decreased. According to CoreLogic data for August 2014, 6.33 percent of mortgage loans were 90 days or more delinquent, a 24.3% decline from the 8.37 percent for the same period last year.

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A first look inside the West Loop’s new Circa 922 http://yochicago.com/a-first-look-inside-the-west-loops-new-circa-922/36868/ http://yochicago.com/a-first-look-inside-the-west-loops-new-circa-922/36868/#comments Thu, 23 Oct 2014 05:06:10 +0000 sponsored post http://yochicago.com/?p=36868

Construction at Circa 922, the new 11-story, 104-unit apartment community in the West Loop, is on track for mid-January occupancies. Renters can also take advantage of the building’s staged delivery schedule to sign a lease now and lock in a move-in date as late as April, 2015.

Circa 922 is currently offering hardhat tours of the building and select apartments.

The third-floor 1-bedroom apartment pictured above was shot on one of yesterday’s tours. The unit has hardwood floors, high ceilings, large windows, and a nicely-appointed kitchen with stainless steel appliances, a gas range, a built-in microwave, quartz countertops and track and pendant lighting. Closet space is generous and there’s an in-unit washer / dryer. The apartment has good separation between the bedroom and the living areas.

One of the unit’s more attractive features is walk-out access to a private terrace and the pool deck and dog area.

Circa 922 is a boutique, pet-friendly full-amenity building in a steps-to-everything location.

The number of participants in each hardhat tour is limited. Contact the leasing office at 312-455-992 to reserve a slot on one of the tours and to inquire about current leasing incentives.

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A mini-tour of a luxury Kildeer home at Woodleaf at the Sanctuary Club http://yochicago.com/a-mini-tour-of-a-luxury-kildeer-home-at-woodleaf-at-the-sanctuary-club/36871/ http://yochicago.com/a-mini-tour-of-a-luxury-kildeer-home-at-woodleaf-at-the-sanctuary-club/36871/#comments Thu, 23 Oct 2014 05:04:25 +0000 sponsored post http://yochicago.com/?p=36871

Woodleaf at the Sanctuary Club in northwest-suburban Kildeer is a community of twenty-six custom homes on half-acre lots bordered by wooded areas and lakes. The developer is Portfolio Homes, the luxury division of Lexington Homes, one of Chicago’s largest and most-experienced builders. Two homes at Woodleaf are available for immediate occupancy.

The 4-bedroom, 4-bath home at 23120 North Sanctuary Club Drive in Kildeer spans 3,860 square feet but lives like a much larger home due to its expansive, flowing spaces, volume ceilings, large windows and outdoor decks. The home has a 3-car garage and is priced at $939,990.

The home has a formal dining room and parlor flanking a two-story entry foyer with a dramatic curving staircase.

The spacious kitchen is separated from the family room by a bump-out breakfast area and from the adjacent dining room by a butler’s pantry. The kitchen can be entered from the large mudroom that opens directly from the garage.

The breakfast area opens to a large deck overlooking a bicycle path and woods.

There’s a delightful room with three walls of windows adjacent to the family room. French doors open into the room, which could be used as a home office.

The rambling master suite occupies a separate wing of the home.

A luxurious master bath has windows that bring the woods inside, a skylight, a wall of vanity cabinetry with dual sinks, a steeping tub, a private toilet compartment, and a shower that has room to roam.

There’s a relaxing deck that opens from the master suite and overlooks the woods.

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Stylish Old Town Triangle studios near $1,000 a month http://yochicago.com/stylish-old-town-triangle-studios-near-1000-a-month/36865/ http://yochicago.com/stylish-old-town-triangle-studios-near-1000-a-month/36865/#comments Wed, 22 Oct 2014 05:06:13 +0000 sponsored post http://yochicago.com/?p=36865

1940 North Lincoln is a 7-story, all-studio vintage building in the Old Town Triangle neighborhood in Lincoln Park. It was built in the 1920s and the apartments have recently undergone a stylish renovation.

The apartments have wood-look floors and new kitchens and baths in a variety of finishes. Currently available studios rent for $980 to $1,005 a month.

Higher-floor south-facing apartments have views of the Chicago skyline.

Planned Property owns and manages more than 3,000 apartments in prime Gold Coast, Lincoln Park and Lakeview East locations. Book an appointment online and receive a credit toward your first month’s rent.

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Value-priced Streeterville studios close to Northwestern, Lurie hospitals http://yochicago.com/value-priced-streeterville-studios-close-to-northwestern-lurie-hospitals/36861/ http://yochicago.com/value-priced-streeterville-studios-close-to-northwestern-lurie-hospitals/36861/#comments Wed, 22 Oct 2014 05:04:13 +0000 sponsored post http://yochicago.com/?p=36861

Streeter Place, a full-amenity luxury tower at 355 E Ohio St in Streeterville, currently has value-priced studios available for immediate, November and December occupancy.

With 576 square feet of living space the Plan B studio works well as a starter home or an in-town apartment for a busy doctor or professional. The 14th through 38th floor apartments have city views to the west, an in-unit washer / dryer and a large walk-in closet. Available units rent from $1,475 to $1,550 a month. Other studios at Streeter Place are priced up to $1,807.

Convertibles at Streeter Place rent from $1,946 to $2,086, one-bedrooms from $2,039 to $2,993, one-bedroom plus dens from $2,608 to $2,973, two-bedroom, two-baths from $2,900 to $3,338 and three-bedrooms from $5,190 to $5,217.

Streeter Place is conveniently located near shopping, dining, nightlife and parks, and is a short walk from Northwestern University’s downtown campus and Northwestern Memorial and Lurie Children’s hospitals.

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Video – a 5-bedroom, 5 ½ bath Astor Street landmark http://yochicago.com/video-%e2%80%93-a-5-bedroom-5-%c2%bd-bath-astor-street-landmark/36863/ http://yochicago.com/video-%e2%80%93-a-5-bedroom-5-%c2%bd-bath-astor-street-landmark/36863/#comments Wed, 22 Oct 2014 05:03:26 +0000 sponsored post http://yochicago.com/?p=36863

The Edwin J Gardiner house, 1345 N Astor St, was built in 1887 and is listed on the National Register of Historic Places.

The 14-room, 5-bedroom, 5 ½ bath Gold Coast home has east, west and south exposures, large windows and multiple skylights that flood the home with natural light.

The home has been beautifully reconstructed and boasts something rare among Astor Street mansions – a view of Lake Michigan.

The home is listed for sale at $3,000,000 with Coldwell Banker’s Meladee Hughes.

One of the owners is your tour guide in the video.

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Today’s South Loop apartment deals http://yochicago.com/todays-south-loop-apartment-deals/36851/ http://yochicago.com/todays-south-loop-apartment-deals/36851/#comments Tue, 21 Oct 2014 05:07:05 +0000 Joe Zekas http://yochicago.com/?p=36851

Two full-amenity South Loop high-rises are offering “Look and lease” deals to renters who lease within 24 hours of their first visit.

Featured apartments at The LEX, 2138 S Indiana, include a one-bedroom in the loft portion of the building for $1,522 a month and a two-bedroom, two-bath in the tower portion for $2,263. The deal: the second month’s rent is free.

Astoria Tower, 8 E 9th, has studios ranging from $1,600 to $1,616, one-bedrooms from $1,570 to $1,936, one-bedroom plus dens from $2,001 to $2,353 and two-bedroom, two-baths from $2,450 to $3,019. The deal: incentives vary with unit types and lease length, which can be up to 18 months. Contact the leasing office for details.

Both buildings were originally built as condos and offer a higher level of apartment finishes than is typical of most South Loop apartments.

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Rent a luxury Lincoln Park townhome at The Pointe http://yochicago.com/rent-a-luxury-lincoln-park-townhome-at-the-pointe/36849/ http://yochicago.com/rent-a-luxury-lincoln-park-townhome-at-the-pointe/36849/#comments Tue, 21 Oct 2014 05:06:16 +0000 sponsored post http://yochicago.com/?p=36849

The Pointe is an ideally-located luxury townhome development close to the best of everything in Lincoln Park.

A south-facing 3-bedroom, 3 ½ bath home, 425-J W Dickens at The Pointe, is currently offered for rent at $6,900 a month. The home looks out onto a landscaped courtyard and has a sprawling living / dining area, maple floors, a well-appointed kitchen, an oversized master suite, a large private roof deck and an attached 2-car garage. The home can be rented furnished or unfurnished.

Nicholas Apostal of Coldwell Banker’s Apostal Group is your tour guide in the video.

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Block Thirty Seven apartments, 25 W Randolph St, Loop http://yochicago.com/block-thirty-seven-apartments-25-w-randolph-st-loop/36841/ http://yochicago.com/block-thirty-seven-apartments-25-w-randolph-st-loop/36841/#comments Tue, 21 Oct 2014 05:04:21 +0000 Joe Zekas http://yochicago.com/?p=36841

Block 37, bordered by State, Dearborn, Randolph and Washington streets, is one of the original 58 Chicago blocks plotted in 1830.

Block Thirty Seven is a mixed-use development on the site that includes a 275,000 square foot multi-level indoor mall, an office tower and a 34-story, 674-unit apartment tower that began construction atop the north end of the mall in October of 2014. Completion of the apartments is expected in 2016.

CIM Group is the developer, Solomon Cordwell Buenz is the architecture firm, and Power Construction is the general contractor.

The apartments

Details of the unit mix, floor plans and apartment finishes are not yet publicly available.

Expect the building to have a fairly high level of finishes in order to be competitive with other new apartments in the area. Preliminary renderings indicate that the apartments will not have private balconies.

Views. Block Thirty Seven is in a dense cluster of tall buildings, but apartments on higher floors are likely to have reasonably open view corridors with good views.

Amenities, services, policies

Full details are not yet available, but indications are that Block Thirty Seven will be a full-amenity building and will include a rooftop fitness center. Preliminary renderings show a landscaped pool deck with a whirlpool above the indoor mall.

Parking is available in a 340-space on-site underground garage.

The location

Block Thirty Seven has a strong Loop location, flanked on the east by Macy’s, on the west by the Daley Center, and a few short blocks from Millennium Park and Grant Park. It’s within easy walking distance of any point in the Loop.

The lower level of Block Thirty Seven’s indoor mall has direct access to the Chicago Pedway. CTA stops and many Loop and New East Side destinations can be reached via the Pedway without exposure to winter cold, spring rains or summer heat.

Shopping. Residents at Block Thirty Seven will have reasonably convenient access to grocery shopping, including a seasonal farmers market directly across the street on the Daley Center plaza.

The nearest full-service grocery, at Target, is two short blocks south of the building. The Mariano’s Fresh Market at Lakeshore East gets mostly rave reviews on Yelp.

Several convenience stores and pharmacies are steps away from the building.

A dozen retail shops, from Anthropologie to Zara, are open at Block Thirty Seven, and it’s reasonable to expect more to open by the time the apartments are ready for occupancy in 2016.

There’s a very active retail scene just outside Block Thirty Seven. State Street shops, anchored by Macy’s, are steps away. The Shops at North Bridge, 50 stores and 20 restaurants anchored by Nordstrom, and Michigan Avenue’s Magnificent Mile shops are a short walk north of the building.

Dining, nightlife, entertainment. There are a number of dining and food service establishments in the Block Thirty Seven mall, and more on the way. AMC Theatres has reportedly agreed to lease 44,000 square feet on the 4th floor for an 11-screen dine-in movie theater slated to open in 2016. There are currently no first-run movie theaters in the Loop. Denver-based Richard Sandoval Restaurants has leased 22,000 square feet on the third floor for a Latin-themed food court that’s scheduled to open in the spring of 2015.

Many of the dining and nightlife options in the immediate area, as you’d expect, cater to hotel guests, office workers, theater-goers and tourists.

That said, there are literally 100s of restaurant, dining and nightlife options within a short walk of Block Thirty Seven. The food court at the nearby Thompson Center always draws a lunch time crowd.

Cultural attractions. Block Thirty Seven is in the center of the Loop’s theatre district and near many of Chicago’s most popular cultural attractions.

The Oriental Theater is directly across Randolph St and the Chicagol Theater is just north on State St, and more theaters are steps away.

The Cultural Center, Art Institute, Lyric Opera and Chicago Symphony are a short walk or cab ride from the building.

Parks, recreation. Block Thirty Seven has reasonable access to public parks.

Millennium Park, one of the city’s main downtown attractions, is two short blocks east of Block Thirty Seven.

The Riverwalk, which is undergoing an expansion, is two short blocks north of the building. There are a variety of dining and recreational opportunities along the river, and docks for seasonal tour boats.

Transportation. Block Thirty Seven has outstanding access to public transportation.

The CTA Red Line and the Blue Line to O’Hare can be accessed from the lower level of the mall or from entrances just outside the building.

CTA bus routes steps from the building connect to points east, west, north and south.

Trains from Metra’s Millennium Station, two blocks east of Block Thirty Seven, reach Hyde Park and the University of Chicago in about 20 minutes.

Taxi service is available 24/7 and Zipcar car-sharing locations are nearby.

Due to near-constant Loop congestion, Block Thirty Seven has relatively inconvenient access to Lake Shore Drive, I-90/94 and the city’s expressway grid.

The competition

It’s premature to speculate on which apartment buildings will compete most directly with Block Thirty Seven. There’s no shortage of options in the immediate area, and several additional apartment towers will open at nearly the same time as Block Thirty Seven.

Rentals are typically available in a number of nearby condo buildings, sometimes at sharply lower rents than in the managed apartment buildings.

You’ll find all of your options at YoChicago’s at-a-glance list of downtown apartments.

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Have free rent offers slowed the for sale market? http://yochicago.com/have-free-rent-offers-slowed-the-for-sale-market/36836/ http://yochicago.com/have-free-rent-offers-slowed-the-for-sale-market/36836/#comments Mon, 20 Oct 2014 05:06:30 +0000 Joe Zekas http://yochicago.com/?p=36836

More than a dozen real estate brokers have told me that the for-sale market slowed perceptibly and dramatically beginning several months ago. None of them ventured much of an explanation for what they were seeing and none of them, when queried, had any familiarity at all with what was happening in the high-rise rental market in downtown Chicago.

What was happening was that a number of new, high-quality, full-amenity high-rises began offering two or three months free rent with flexible move-in dates, and some were paying rental services a 25- to 50% premium on the normal commission rates.

The combination of buyers’ normal hesitancy to commit to a purchase, steep rent discounts, attractive properties and strong broker incentives strikes me as reason enough for a slowdown in the for-sale market.

Can anyone offer a better explanation – or hard data to dispute the notion that a slowdown in fact occurred?

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200 North Michigan apartments, 200 N Michigan Ave, Loop http://yochicago.com/200-north-michigan-apartments-200-n-michigan-ave-loop/36830/ http://yochicago.com/200-north-michigan-apartments-200-n-michigan-ave-loop/36830/#comments Mon, 20 Oct 2014 05:05:10 +0000 Joe Zekas http://yochicago.com/?p=36830

200 North Michigan is a 41-story, 402-unit apartment tower under construction in Chicago’s Loop. The first two floors of the building will contain retail space.

Demolition of an existing six-story building on the site was completed late in July of 2014. A ceremonial groundbreaking for the new tower was held early in October 2014. First occupancies should occur in 2016.

The John Buck Company is the developer. The architecture firm is bKL and McHugh Construction is the general contractor.

The apartments

Details are not yet publicly available. Expect the building to have a fairly high level of finishes in order to be competitive with other new apartments in the area.

Preliminary renderings show partially-inset balconies on the north and south facades.

Views. 200 North Michigan is in a dense cluster of tall buildings and few of its apartments will offer much in the way of views.

Amenities, services, policies

200 North Michigan will be a full-amenity building.

Plans contemplate a 6th-floor fitness center, a resident lounge, game room and party room. The building will have a dog run and a rooftop pool.

The location

200 North Michigan has a convenient location on the northwest corner of Michigan Ave and Lake St.

Millennium Park and Grant Park begin just a south of the building.

Access to the Chicago Pedway is just across the street. Many Loop and New East Side destinations can be reached via the Pedway without exposure to winter cold, spring rains or summer heat.

Shopping. Residents at 200 North Michigan have reasonably convenient access to grocery shopping.

Bockwinkel’s is two short blocks east, and a number of convenience stores are nearby. The Mariano’s Fresh Market at Lakeshore East gets mostly rave reviews on Yelp. Target is four blocks southeast of the building.

Several pharmacies are within a short walk of the building.

The Shops at North Bridge, 50 stores and 20 restaurants anchored by Nordstrom, and Michigan Avenue’s Magnificent Mile shops are a short walk north of the building. State Street shops, anchored by Macy’s, are within a few minutes’ walk of 200 North Michigan.

Dining, nightlife. A lot of the dining and nightlife options in the immediate area, as you’d expect, cater to hotel guests, office workers and tourists.

That said, there are literally 100s of restaurant, dining and nightlife options within a short walk of 200 North Michigan.

Cultural attractions. 200 North Michigan is near many of Chicago’s most popular cultural attractions.

The Loop’s theatre district begins a block west of 200 North Michigan.

The Cultural Center, Art Institute, Lyric Opera and Chicago Symphony are a short walk or cab ride from the building.

Parks, recreation. 200 North Michigan has good access to public parks.

Millennium Park, one of the city’s main downtown attractions, is a block away from 200 North Michigan.

The Riverwalk, which is undergoing an expansion, is two short blocks north of the building. There are a variety of dining and recreational opportunities along the river, and docks for seasonal tour boats.

Transportation. 200 North Michigan has outstanding access to public transportation.

The CTA Red Line is a short walk from the building as are the stations serving five of the CTA train lines. The Blue Line to O’Hare is a few minutes from the building.

CTA bus routes steps from the building connect to points east, west, north and south.

Trains from Metra’s Millennium Station, a block south of 200 North Michigan, reach Hyde Park and the University of Chicago in about 20 minutes.

Some residents of 200 North Michigan may consider cabs the best form of public transportation, and service is available 24/7. Zipcar car-sharing locations are nearby.

200 North Michigan has good proximity to Lake Shore Drive, but relatively inconvenient access to I-90/94 and the city’s expressway grid.

Chicago Water Taxi offers seasonal commuter service between Michigan Avenue and Madison Street, affording 200 North Michigan residents a pleasant, low-cost way to reach the Loop and the Willis Tower.

The competition

It’s premature to speculate on which apartment buildings will compete most directly with 200 North Michigan. There’s no shortage of options in the immediate area.

Rentals are typically available in a number of nearby condo buildings, sometimes at sharply lower rents than in the managed apartment buildings.

You’ll find all of your options at YoChicago’s at-a-glance list of downtown apartments.

200 North Michigan in the news

More recent items are listed first.

  • Demolition nears completion at 200 N Michigan
  • Archiects answer questions about 200 N Michigan
  • The incredible shrinking skyscraper
  • Buck scores $89 million loan to build apartment tower
  • Share your take on 200 North Michigan

    If you have information about 200 North Michigan, and are not a real estate agent, add your thoughts in a comment. Comments are moderated, and commercial messages are not allowed.

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    Millennials are not opting for cities http://yochicago.com/millennials-are-not-opting-for-cities/36834/ http://yochicago.com/millennials-are-not-opting-for-cities/36834/#comments Mon, 20 Oct 2014 05:02:08 +0000 Joe Zekas http://yochicago.com/?p=36834

    As he often does, Joel Kotkin looks past wishful thinking to the numbers:

    It’s an idea echoed everywhere from “Friends” to “Girls”: Young people want to live in cities. And, we’re told, a lot of them (at least the cool ones) do.

    It’s a common assumption. But it’s also wrong.

    Between 2010 and 2013, the number of 20- to 29-year-olds in America grew by 4 percent. But the number living in the nation’s core cities grew 3.2 percent. In other words, the share of 20-somethings living in urban areas actually declined slightly.

    This trend has occurred in supposedly hot cities like San Francisco, Boston, New York and D.C., notes demographer Wendell Cox. Chicago and Portland, Ore., both widely hailed as youth boom-towns, saw their numbers of 20-somethings decline, too.

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    An aerial view of new Near North Side developments http://yochicago.com/an-aerial-view-of-new-near-north-side-developments/36813/ http://yochicago.com/an-aerial-view-of-new-near-north-side-developments/36813/#comments Fri, 17 Oct 2014 05:07:40 +0000 Joe Zekas http://yochicago.com/?p=36813

    An aerial view of the area bounded by Clark St and the Chicago River, from Chicago Ave (800 N) north to Division St (1200 N) reveals a location with a large amount of vacant land and tremendous potential for development. Developer Steven Fifield has called the area, which is bordered by thriving River West, River North, Old Town and Near North Side, “the hole in the doughnut.”

    Earlier this year the Chicago Housing Authority released its draft plan (pdf) for the sixty-five acre remnant of Cabrini-Green it owns in the neighborhood. The draft plan contemplates “a low to midrise residential community south of Division Street that maximizes family-centered living and provides housing options for all incomes.”

    An overview of the developments that have been proposed or are underway in the neighborhood suggests that it’s poised for substantial transformation regardless of the timetable for redeveloping the CHA’s property. We’ve plotted the following projects on the aerial view, above, of the neighborhood:

    ANew Chase Bank branch, 755 N Larrabee

    B600 West, Groupon headquarters

    CFrances Cabrini row houses

    D – 847 N Larrabee, 33 new apartments

    E934 N Larrabee, 27 new apartments

    F1018 N Larrabee, Noir, 9 new condos

    G1168 N Halsted, 20,000 square feet of new retail

    HDivision & Halsted, 192,000 square feet of new retail

    I – New Target store

    J625 W Division, 240 new apartments

    K442 W Division, 82 new apartments

    L459 W Division, 106 new apartments

    MScott Residences, 71 new apartments

    NClark & Division, 400 new apartments

    OAtrium Village site, up to 1,500 new apartments

    P915 N Orleans, 227 new apartments

    Q – 858 N Franklin, 23 new apartments

    R863 N Orleans, 72 new apartments

    SAvant, 347 W Chestnut, 306 new apartments

    T802-18 N Wells, development site

    UCTA Brown Line stop at Chicago Ave

    V – New Jesse White Community Center

    W873 N Sedgwick, 40 new condos

    XBasecamp River North, 47 sold-out new townhomes

    You’ll find many more developments on our at-a-glance list of new downtown apartments.

    You can see 100s more of YoChicago’s aerial photographs at Flickr.

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    Today’s deal – Look and lease a 3-bedroom apartment at Streeter Place http://yochicago.com/todays-deal-%e2%80%93-look-and-lease-a-3-bedroom-apartment-at-streeter-place/36821/ http://yochicago.com/todays-deal-%e2%80%93-look-and-lease-a-3-bedroom-apartment-at-streeter-place/36821/#comments Fri, 17 Oct 2014 05:06:02 +0000 sponsored post http://yochicago.com/?p=36821

    Three-bedroom apartments are typically in short supply in Streeterville, but one will be available for December 23rd move-in on the 50th floor of Streeter Place.

    The home sprawls over 1,802 square feet and boasts dramatic views from floor-to-ceiling windows. The open plan kitchen / dining / living area has plank flooring, space for multiple furniture groupings, and an adjacent private balcony.

    The extra-large master suite has two closets, including a large walk-in. An oversized master bath has a double-bowl vanity and a separate tub and stall shower.

    The home has an in-unit washer/dryer and is on a pet-friendly floor. It rents for $5,190 a month on a 13-month lease.

    Streeter Place is a full-amenity, full-service community with on-site management, maintenance and leasing staff, and 24/7 door staff. The location is convenient to shopping, dining, nightlife and parks.

    Available studios at Streeter Place rent from $1,524 to $1,856, convertibles from $1,933 to $2,076, one-bedrooms from $1,944 to $2,994, and 2-bedroom, 2-baths from $2,900 to $3,338.

    The deals: lease any apartment at Streeter Place within 48 hours of your initial visit and the $400 administrative fee will be waived. Resident parking is bargain-priced at $200 a month.

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    Live rent-free in Lakeview until next year http://yochicago.com/live-rent-free-in-lakeview-until-next-year/36824/ http://yochicago.com/live-rent-free-in-lakeview-until-next-year/36824/#comments Fri, 17 Oct 2014 05:04:47 +0000 sponsored post http://yochicago.com/?p=36824

    Renters have been responding enthusiastically to recent free-rent offers at Lakeview’s new Halsted Flats, the first new full-amenity apartment tower built in the neighborhood in nearly 30 years.

    All but one of the 1- and 3-bedroom apartments have been rented. Two-bedroom, two-bath units remain available, with a variety of views.

    The apartments have floor-to-ceiling windows, plank flooring in living areas, private balconies, and in-unit washer / dryers.

    Current incentives include 3 months’ free rent on 2-bedroom, 2-bath apartments for 15 to 18 month leases that begin occupancy by November 1.

    The free months can be taken upfront, allowing renters to defer their first rent payment into next year. Most, however, have opted to pay rent each month as if it were prorated and build up a credit toward payment of the full monthly rent.

    Floor plans and near real-time rents, before concessions, are available online.

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    New South Loop condos near dozens of dining and drinking venues http://yochicago.com/new-south-loop-condos-near-dozens-of-dining-and-drinking-venues/36826/ http://yochicago.com/new-south-loop-condos-near-dozens-of-dining-and-drinking-venues/36826/#comments Fri, 17 Oct 2014 05:02:12 +0000 sponsored post http://yochicago.com/?p=36826

    Imagine having dozens of dining and drinking establishments within a few blocks of where you live.

    Imagination will mirror reality for residents at 1345 Wabash, the first new high-rise condos built in the South Loop in half a dozen years.

    There’s a fabulous restaurant / bar cluster on the same block as 1345 Wabash, just a few steps north, including Gioco, Zapatista, Asian Outpost, Flo & Santos and The Scout.

    There are dozens of additional restaurants and bars within a few minutes’ walk. Breakfast options are abundant, but you can expect a weekend wait at the popular Bongo Room, Eleven City Diner, and Yolk.

    Close proximity to great restaurants and bars is only one of the location’s attractions. Trader Joe’s and Jewel-Osco are a block north of the building and a recently-opened Mariano’s is a few blocks southwest. Target and Whole Foods are nearby on Roosevelt Road.

    A variety of bus routes criss-cross the area and CTA’s Roosevelt Road station, a block-and-a-half north of 1345, has Red, Green and Orange Line stops for easy access to north, south and west side locations and to Midway Airport.

    In brief, there are very few locations in Chicago that offer a comparable mix of convenience and urban excitement.

    1345 Wabash has one- and two-bedroom condominiums priced from the $220s. Floor plans, detailed specifications and more information can be found at the 1345 Wabash website. A sales center is open at 1620 S Michigan Ave.

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    Chicago foreclosure rates on the mend http://yochicago.com/chicago-foreclosure-rates-on-the-mend/36808/ http://yochicago.com/chicago-foreclosure-rates-on-the-mend/36808/#comments Thu, 16 Oct 2014 05:08:01 +0000 Joe Zekas http://yochicago.com/?p=36808

    In October of last year Chicago had the 3rd highest foreclosure rate in the nation among metro areas with a population greater than 200,000.

    In the third quarter of this year, according to data recently released by RealtyTrac, Chicago had the 19th highest foreclosure rate, with one in every 208 housing units in some stage of foreclosure.

    The foreclosure rate in Illinois declined by 10.1% from Q2 to Q3 of this year and fell 20.42% on a year-over-year basis in Q3.

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    Today’s deal – free rent at Park Michigan in the South Loop http://yochicago.com/todays-deal-%e2%80%93-free-rent-at-park-michigan-in-the-south-loop/36806/ http://yochicago.com/todays-deal-%e2%80%93-free-rent-at-park-michigan-in-the-south-loop/36806/#comments Thu, 16 Oct 2014 05:05:46 +0000 sponsored post http://yochicago.com/?p=36806

    The Park Michigan apartment tower has a stellar South Loop location across from Grant Park and steps from grocery shopping, dozens of bars and restaurants and the CTA stops on Roosevelt Rd.

    Apartments at Park Michigan have great views, spacious layouts with open-plan kitchens, hardwood floors, wall-to-wall windows and generous closet space.

    Available studios rent from $1,415 to $1,626, one-bedrooms from $1,609 to $1,726 and two-bedroom, two-baths from $2,160 to $2,493.

    Snap Fitness is in the building, and Park Michigan residents have complimentary access to the facility.

    Contact the leasing office for details of the current offer of a month’s free rent on select apartments.

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    Great prices and values in Lakeview East apartments http://yochicago.com/great-prices-and-values-in-lakeview-east-apartments/36804/ http://yochicago.com/great-prices-and-values-in-lakeview-east-apartments/36804/#comments Thu, 16 Oct 2014 05:04:11 +0000 Joe Zekas http://yochicago.com/?p=36804

    Planned Property owns and manages more than 3,000 apartments in prime Gold Coast, Lincoln Park and Lakeview East locations.

    Current availabilities include value-priced studios and one-bedrooms in contemporary mid-rise buildings in Lakeview East:

  • 544 W Melrose. Studios from $895 to $945; one-bedroom at $1,305
  • 537 W Melrose. One-bedroom at $1,245
  • 450 W Melrose, One-bedrooms from $1,225 to $1,245
  • Broadway and Melrose is one of Chicago’s most interesting intersections. Check it out in the video.

    Book an appointment online and receive a credit of up to $200 against your first month’s rent.

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    New Palatine townhomes at Lexington Hills deliver the unexpected http://yochicago.com/new-palatine-townhomes-at-lexington-hills-deliver-the-unexpected/36802/ http://yochicago.com/new-palatine-townhomes-at-lexington-hills-deliver-the-unexpected/36802/#comments Thu, 16 Oct 2014 05:02:17 +0000 sponsored post http://yochicago.com/?p=36802

    Over the years you may have developed a set of assumptions about what to expect in a townhome. And over the years Lexington Homes, one of Chicago’s most experienced homebuilders, has been refining the townhome form to delight and surprise home buyers.

    The townhomes at Lexington Hills in Palatine showcase how the townhome form can evolve to exceed home buyer expectations while remaining affordable.

    The 3-bedroom, 2 ½ bath homes at Lexington Hills are built in clusters of two to four units on a rolling site adjacent to a forest preserve. Creative floor plans deliver the width, volume, light and private outdoor space that you’d expect in a single-family home, and include a basement and 2-car garage that you might not expect in a townhome. The homes are base-priced from the $290s.

    The sales center is open daily. Visit the new models to experience the Lexington Hills difference..

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    Noah Properties condo seeks 30% price increase after 18 months http://yochicago.com/noah-properties-condo-seeks-30-price-increase-after-18-months/36797/ http://yochicago.com/noah-properties-condo-seeks-30-price-increase-after-18-months/36797/#comments Wed, 15 Oct 2014 05:08:07 +0000 Joe Zekas http://yochicago.com/?p=36797

    This is a show we’ve seen a number of times before, and it’s generally had a happy ending for the home seller.

    A 3-bedroom, 2 ½ bath Noah Properties condo at 4042 N Western Ave that was purchased 18 months ago for $329,900 has just been listed for resale at $432,900. We shot the above video in February of last year at an incomplete unit in the development.

    It’s not unusual for Noah Properties’ developments to sell out pre-completion, and also not unusual for resales to fetch significant price premiums.

    Just over two years ago 18 units in the 2400 block of Belmont sold quickly well before construction was complete. We shot the above video at a completed unit just prior to the closings.

    Unit 2E at 2431 W Belmont, a 3-bedroom, 2-bath, closed in June of 2012 at $272,400 and resold in April of this year for $395,000. Unit 3E, another 3-bedroom, 2-bath at the same address, was purchased for $274,400 in June of 2012 and resold in December of 2013 for $374,000.

    Unit 1W at 2435 W Belmont, a 4-becdroom, 3-bath, was purchased for $332,400 in June of 2012 and resold for $450,000 in April of this year.

    Unit 1W at 2441 W Belmont, also a 4-bedroom, 3-bath, sold for $328,400 in August of 2012 and resold for $422,500 in April 2014. Unit 2W, a 3-bedroom, 2-bath, closed at $272,400 in August of 2012 and resold in March of this year for $390,000.

    Unit 2S at 3013 N California, a new Noah Properties development, is currently listed for sale at $319,900 with Tina Culver of Sergio & Banks, one of YoChicago’s advertisers.

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    Join the Fit Club at K2 Apartments http://yochicago.com/join-the-fit-club-at-k2-apartments/36794/ http://yochicago.com/join-the-fit-club-at-k2-apartments/36794/#comments Wed, 15 Oct 2014 05:05:45 +0000 sponsored post http://yochicago.com/?p=36794

    K2, a new apartment tower in the Fulton River District, has a large outdoor pool, a fully-equipped fitness center and a basketball court / yoga studio to enable residents to get fit or stay fit.

    Residents who want more structure in their exercise program can opt in to the K2 Fit Club, a varying schedule of on-site classes. Current offerings include yoga on Tuesday mornings, Zumba on Saturdays and Power-Shed on Wednesdays and Sundays.

    K2 canines large and small can keep fit by romping back and forth along the city’s largest dog run, which is adjacent to the building.

    Fitness classes and impromptu meetings with fellow pet owners are just a few of the activities offered on- and off-site for K2 residents who want to expand their social circle. Follow K2′s Facebook page for more details.

    K2 is a luxury, full-amenity high-rise in a gateway location convenient to the varied employment, shopping, dining and nightlife of Chicago’s hottest neighborhoods: the Fulton River District, River North and River West and the West Loop.

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    Rent new West Loop apartments now for next spring http://yochicago.com/rent-new-west-loop-apartments-now-for-next-spring/36791/ http://yochicago.com/rent-new-west-loop-apartments-now-for-next-spring/36791/#comments Wed, 15 Oct 2014 05:04:03 +0000 sponsored post http://yochicago.com/?p=36791

    The first residents will move into Circa 922, 922 W Washington in the West Loop, in mid-January of 2015. The building, like every new apartment tower, will phase occupancy over a period of time beginning with its lower floors.

    Renters can take advantage of the staged delivery schedule to sign a lease now and lock in some of Circa 922′s most desirable high-floor units for an April, 2015 move-in. Circa 922 is currently offering hardhat tours that will include a look at the dramatic views from the building’s higher floors.

    Circa 922 is a boutique full-amenity building in a steps-to-everything location.

    The number of participants in each hardhat tour is limited. Contact the leasing office at 312-455-992 to reserve a slot on one of the tours and to inquire about current leasing incentives.

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    Percentage of home sales for cash continues to fall http://yochicago.com/percentage-of-home-sales-for-cash-continues-to-fall/36800/ http://yochicago.com/percentage-of-home-sales-for-cash-continues-to-fall/36800/#comments Wed, 15 Oct 2014 05:01:46 +0000 Joe Zekas http://yochicago.com/?p=36800

    The following arrived via news release from CoreLogic:

    Cash sales made up 32.9 percent of total home sales in July 2014, the lowest share since August 2008, and down from 35.9 percent in July 2013. Month over month, the cash sales share was mostly flat, falling only one tenth of a percentage point from June 2014, however, cash sales share comparisons should be made on a year-over-year basis due to the seasonal nature of the housing market. The year-over-year share has fallen each month since January 2013. Prior to the housing crisis, the cash sales share of total home sales averaged approximately 25 percent. The peak occurred in January 2011, when cash transactions made up 46.3 percent of total home sales.

    Figure 1 shows the historical trend in the cash sales share by sale type. Real estate owned (REO) sales had the largest cash sales share in July 2014 at 56.3 percent, followed by re-sales (32.4 percent), short sales (31.1 percent) and newly constructed homes (16 percent). While the percentage of REO sales that were cash transactions remained high, REO transactions made up only 7.1 percent of total sales in July and, therefore, did not have a large influence on the overall cash sales share.In January 2011, when the cash sales share was at its peak, REO sales made up 23.9 percent of total sales.A trend to watch is the cash share of re-sales, which has fallen almost 15 percentage points from its peak cash share of 47.1 percent in February 2011. This category will determine the direction of cash sales going forward, since re-sales make up the largest share at 81 percent of all sales.

    Figure 2 shows the cash sales share by state for July 2014. Florida had the largest share of any state at 49.7 percent, followed by Alabama (47.6 percent), New York (44.5 percent), West Virginia (42 percent) and Idaho (39.9 percent). Of the nation’s largest 100 Core Based Statistical Areas (CBSAs) measured by population, West Palm Beach-Boca Raton-Delray Beach, Fla. had the highest share of cash sales at 57.9 percent, followed by Cape Coral-Fort Myers, Fla. (57.3 percent), Miami-Miami Beach-Kendall, Fla. (56.5 percent), North Port-Sarasota-Bradenton, Fla. (55.8 percent) and Detroit-Dearborn-Livonia, Mich. (55.8 percent). Washington-Arlington-Alexandria, D.C.-Va.-Md had the lowest cash sales share at 15.4 percent.

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    Record number of new downtown apartments opening in 2015 http://yochicago.com/record-number-of-new-downtown-apartments-opening-in-2015/36761/ http://yochicago.com/record-number-of-new-downtown-apartments-opening-in-2015/36761/#comments Tue, 14 Oct 2014 05:08:27 +0000 Joe Zekas http://yochicago.com/?p=36761

    Renters will have a bonanza of new apartment offerings to choose among in downtown Chicago next year.

    We define downtown Chicago as the area bordered by the Stevenson Expressway on the south, North Ave (1600 N) on the north, Lake Michigan on the east and Ashland Ave (1600 W) on the west.

    The downtown market added 2,882 apartments in larger projects in 2013 and another 2,104 this year. All of those units have not yet been rented, although occupancy levels are high at buildings that have been open a while. Next year, 2015, 3,838 new apartments, a record number, will begin leasing downtown.

    You can see how difficult it can be to predict how the downtown apartment market will develop by comparing some of the expert predictions from just over a year ago with the market update in Crain’s from May of this year.

    We expect the following 14 buildings, all of which are under construction, to begin deliveries in 2015:

    Circa 922, 922 W Washington, 104 units

    Lofts at River East, 445 E Illinois, 285 units

    Jeff Jack, 601 W Jackson, 196 units

    Arkadia, 765 W Adams, 351 units

    North Water, 340 E North Water, 398 units

    Jones Chicago, 220 W Illinois, 188 units

    Eight O Five, 805 N LaSalle, 295 units

    State & Chestnut, 845 N State, 367 units

    New City, 1500 block N Halsted, 196 units

    625 W Division, 240 units

    Wolf Point, 326 N Orleans, 510 units

    Gateway, 11 S Green, 167 units

    1000 S Clark, 469 units

    1237-59 W Madison, 72 units

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    River West apartment towers take a step forward http://yochicago.com/river-west-apartment-towers-take-a-step-forward/36772/ http://yochicago.com/river-west-apartment-towers-take-a-step-forward/36772/#comments Tue, 14 Oct 2014 05:06:50 +0000 Joe Zekas http://yochicago.com/?p=36772

    The rezoning of the former Gonnella Baking site at 1001 W Chicago in River West is one of the items on the Chicago Plan Commission’s agenda at its October 16 meeting.

    A Seattle-based developer is proposing to rezone the 1.88-acre site for two-mixed use 14- and 15-story buildings with a total of 363 apartments, 35,000 square feet of retail space and a minimum of 318 parking spaces.

    If the proposal is approved by the Plan Commission it then goes to the City Council’s Zoning Committee and the full City Council.

    The development is just east of a CVS and a short block from the CTA Blue Line stop at Milwaukee and Chicago.

    The buildings are likely to have views similar to those from Mondial in the above photo. Mondial is a block east of the site.

    You can see all of the new downtown apartment projects that are proposed or underway on YoChicago’s at-a-glance list.

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    Leasing agent with criminal record busted again http://yochicago.com/leasing-agent-with-criminal-record-busted-again/36774/ http://yochicago.com/leasing-agent-with-criminal-record-busted-again/36774/#comments Tue, 14 Oct 2014 05:05:26 +0000 Joe Zekas http://yochicago.com/?p=36774

    We’ve repeatedly warned renters and landlords about Chicago leasing agents who have criminal records.

    If you’re a landlord handing over the keys to an occupied apartment, we think you owe it to your tenants to know who’s getting those keys. Hand them to a rental service, and you’ve lost control of the situation, since rental services often don’t hesitate to hire agents who have a criminal record.

    If you’re a renter, you should ask yourself whether you’re comfortable getting into a car and going to apartments with a convicted drug dealer, someone with a history of domestic violence complaints or a recent DUI conviction. Are you OK with giving your personal information to someone who’s been convicted of identity theft? Chicago rental services have hired people with exactly those qualifications, and more.

    When we’ve posted about rental service agents with criminal records, commenters have suggested we’ve treated them unfairly by calling attention to their history.

    Bryan Duffy, one of the agents we’ve written about before, has been busted again on drug charges. He is to be considered innocent until proven guilty of the most recent charges against him. That’s as it should be.

    There are 1,000s of competent, trustworthy, knowledgeable Chicago real estate agents with clean records. Why would you risk working with an agent with a criminal record?

    Added: Commenter area man provided a link to a Tribune article reporting that Duffy is being held without bail after allegedly violating his bail bond on a prior weapons charge.

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    Avant apartments, 347 W Chestnut St, Near North Side http://yochicago.com/avant-apartments-347-w-chestnut-st-near-north-side/36779/ http://yochicago.com/avant-apartments-347-w-chestnut-st-near-north-side/36779/#comments Tue, 14 Oct 2014 05:02:49 +0000 Joe Zekas http://yochicago.com/?p=36779

    Avant is a 29-story, 330-unit apartment tower that is slated to begin construction in the first quarter of 2015 at 347 W Chestnut St on Chicago’s Near North Side. First occupancies are targeted for the latter half of 2016.

    Chicago-based Fifield Companies is the developer and Pappageorge Haymes is the architecture firm.

    Fifield also plans a six-story, 72-unit apartment building at 863 N Orleans, across the street from 347 W Chestnut.

    The apartments

    Information about the unit mix and apartment finishes is not yet publicly available.

    Views. The location affords sweeping, uninterrupted, dramatic views of the Chicago skyline to the north, east and south.

    Amenities, services, policies

    The amenities package has not been formally announced, but similar Fifield developments have had extensive amenities.

    The location

    The location, at the edge of River North, is poised for rapid change.

    Crain’s Chicago Real Estate Daily has a recap of some of the developments planned and underway in the immediate neighborhood. A few short blocks northwest, 47 townhomes priced from the mid-$500s to the mid-$700s sold out pre-construction.

    Walk-to proximity to 600 West, home to Groupon and other major employers, is a plus for the location.

    Shopping. A new Target is a few blocks northwest of Avant.

    Walmart Express, which has a pharmacy, is a few blocks east on Chicago Ave.

    The new Plum Market is a half-mile northeast, just north of Division on Wells St. Whole Foods is just over a half-mile southeast.

    Dining, nightlife, entertainment. Residents at Avant will have a decent selection of dining and drinking establishments within a few blocks of the building, and relatively easy access to River North’s vibrant dining scene. The scale of development in the area is likely to spawn additional retail and dining venues in the area.

    A short block east of Avant mk serves up new American fare and Kiki’s Bistro offers some of Chicago’s best French food. Both are housed in interesting loft spaces.

    The 700 block of Wells St, about a 5-minute walk from Avant, hosts Brehon Pub, Prosecco, Karyn’s Cooked and the ever-popular Yolk.

    There’s a Starbucks a 4-minute walk away at Chicago and Franklin, and the popular Brett’s Kitchen is a block further south.

    Parks, recreation. Seward Park, which has softball / soccer fields, outdoor basketball courts and a field house with two gyms and a boxing ring, is a few blocks north of Avant.

    Transportation. Public transportation is good.

    The Brown and Purple Line stop at Chicago Ave is a 4-minute walk from Avant.

    The #66 bus on Chicago Ave, a block south of Avant, connects to the Magnificent Mile and Streeterrville to the east, and River West and the CTA Blue Line to the west,

    Avant has relatively good access to I-90/94 via Orleans St to the Ohio / Ontario on-off ramps, a few blocks south.

    There’s a Zipcar location and a DIVVY bike station just east of the El stop on Chicago Ave. Taxi service is not as readily available as in the more established neighborhoods further east.

    The competition

    It’s a bit early to assess Avant’s competitive position. Check back as Avant nears completion.

    You’ll find additional options at YoChicago’s at-a-glance list of Near North apartments.

    Avant in the news

    More recent items are listed first.

  • Developers push close to Cabrini-Green
  • Cabrini-Green area poised for substantial change
  • Fifield plans new apartment tower
  • Fifield plans to fill the doughnut hole
  • Share your take on Avant

    If you’ve visited Avant, and are not a real estate agent, add your thoughts in a comment. Comments are moderated, and commercial messages are not allowed.

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    Today’s apartment deal: large 3-bedrooms at Walton on the Park http://yochicago.com/todays-apartment-deal-large-3-bedrooms-at-walton-on-the-park/36776/ http://yochicago.com/todays-apartment-deal-large-3-bedrooms-at-walton-on-the-park/36776/#comments Tue, 14 Oct 2014 01:06:26 +0000 Joe Zekas http://yochicago.com/?p=36776

    Unit 1902 at Walton on the Park, 2 W Delaware, is currently available for immediate occupancy at $6,500 a month, a reduction from the $7,015 listed online.

    The 3-bedroom home has 3 full baths and spans 2,165 square feet. Walton on the Park was built as a condominium and the apartments have the level of finishes, flourishes and conveniences you’d expect in a luxury condo.

    Unit 1605-06, a 2,335 square foot 3-bedroom, 3-bath with a family room area is listed online at $8,585 and is available immediately for $7,500.

    Walton on the Park’s amenities include a sprawling deck with a lap pool, outdoor kitchen and fireplace, a fitness center, men’s and women’s saunas, a Whirlpool, a club room with a chef’s kitchen, and a “meditation garden.” The building has on-site management and 24/7 door staff.

    The location is steps away from Oak Street boutiques and one of the most attractive dining and nightlife scenes in Chicago, adjacent to the tranquil Washington Square Park, and around the corner from the highly-rated Ogden International School.

    Note: Walton on the Park is managed by a YoChicago advertiser.

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    4 East Elm condominiums, 4 E Elm St, Gold Coast http://yochicago.com/4-east-elm-condominiums-4-e-elm-st-gold-coast/36744/ http://yochicago.com/4-east-elm-condominiums-4-e-elm-st-gold-coast/36744/#comments Mon, 13 Oct 2014 15:04:29 +0000 Joe Zekas http://yochicago.com/?p=36744

    4 East Elm is a 35-unit, 27-story luxury boutique condominium being developed in Chicago’s Gold Coast neighborhood.

    The building has held its ceremonial groundbreaking, but had not begun construction as of mid-October, 2014. Completion is currently slated for early 2016. It is vying to become the first new high-rise condominium built in a true Gold Coast location in more than 10 years. Other buildings that claim but don’t have Gold Coast addresses have been completed within that time period.

    Convexity Properties is the developer and Solomon Cordwell Buenz is the architect for the project. The construction manager is Daccord.

    The apartments

    The building offers three-bedroom, 3.5-bath floor plans ranging from just under 3,100 square feet to 3,515 square feet. Units can be combined, allowing for full-floor residences spanning more than 6,600 square feet. Current pricing ranges from $2.2M to $7M.

    The homes will have private elevator access, 10-foot ceilings, floor-to-ceiling windows, and wide-plank flooring in living areas. Kitchens will feature Florense cabinetry, Sub-Zero, Wolf and Miele appliances, and quartz or natural stone countertops.

    The floor plans have generous room sizes, excellent closet space, and good separation of public and private areas.

    Buyers can work with Gary Lee Partners on interior selections and with Premiere Systems to customize audio, video, lighting and smart-home systems.

    The west wall of the tower portion of the building angles southeast to provide views along State and Rush Streets.

    The above shots were taken from the 19th floor roof of 30 E Elm and should be a rough approximation of the views from higher floors of 4 East Elm. Higher floors at 4 East Elm will also have views of the lake to the east.

    Amenities, services, policies

    4 East Elm will have a strong amenities package for a building its size.

    Common-area amenities will include a landscaped sundeck with an outdoor pool and spa whirlpool, a resident lounge with a kitchen and flat-screen TV, a conference area, a movie screening room, and a fitness center with cardio equipment and free weights.

    The north and south tiers of the building will be served by individual elevators.

    The building will have 24/7 door staff.

    4 East Elm is targeting LEED certification, but hasn’t specified a level.

    Additional details are not yet publicly available.

    The location

    4 East Elm is within the traditional boundaries of the neighborhood established by the Gold Coast Neighbors Association.

    The building’s high-profile location at the corner of State and Elm Streets is steps from a wide variety of shops, restaurants and nightlife. The neighborhood scene is as lively and exciting as any you’ll find in Chicago.

    Any attempt to describe the richness and variety of the immediate area, which has strong appeal to all age groups, is bound to fall short.

    Shopping. Residents of 4 East Elm have convenient access to several major grocery stores, in addition to the popular seasonal farmers market on Division St.

    Treasure Island, which bills itself as “America’s most European supermarket,” is a just over a block west of the property. Jewel Foods, a short block north and two blocks west, is open 6 am to midnight 6 days a week and 24 hours Sunday.

    The new, upscale Plum Market is a few blocks west on Wells St, just north of Division. A new Target recently opened on Division St, half a mile west. A number of convenience stores and delis are near the building. Whole Foods is half a mile south.

    CVS and Walgreens pharmacies are at the corner and around the corner.

    Glamorous Oak Street boutiques and Michigan Avenue’s Magnificent Mile shops and Water Tower Place are a few minutes’ walk from the building.

    Dining, nightlife. One of the densest, most interesting restaurant and nightlife clusters in Chicago – what some call the Viagra Triangle – is a short block south of 4 East Elm.

    Locals just call it “the triangle,” after the shape of Mariano Park.

    A short block north of the building is the storied Division Street nightlife strip, home to Bootleggers, the legendary Butch McGuire’s and more than a dozen other establishments.

    The scene continues north from Division along State St, with PJ Clarke’s, McFadden’s and more.

    Schools. 4 East Elm has good proximity to excellent public and private schools.

    The location is within the attendance boundaries of Ogden International School and Lincoln Park High School. The PreK-5 east campus of Ogden is a 5-minute walk south of 4 East Elm.

    Walter Payton College Prep, a highly-rated selective-admission public school, is a 10-minute walk west of 4 East Elm and the private Latin School of Chicago is a 10-minute walk north.

    Parks, recreation. Residents at 4 East Elm have good access to a variety of parks and recreational activities.

    Oak Street Beach, with its spectacular views of the Lake Shore Drive skyline, is a long block east of the building.

    The fabulous Lincoln Park, home to the Zoo, Conservatory, North Avenue Beach and a host of playing fields and other attractions, is half a mile north.

    Washington Square Park and Goudy Square Playlot are quiet retreats a few minutes’ walk of e East Elm.

    Transportation. Public transportation near the building is excellent.

    The CTA Red Line stop at Clark and Division is about a 5-minute walk north and west of the building. The stop at Chicago and State is about an 8-minute walk south of the building.

    A variety of CTA bus routes criss-cross the area along Division, State, Clark, LaSalle and Lake Shore Drive. The #36 Broadway bus stops outside the building on State and connects to the Loop.

    Access to I-90/94 and the rest of the city’s expressway grid can be slow along Division St during peak hours. If you’re southbound or headed for the Eisenhower Expressway (I-290), Ontario St is a better option.

    Several Zipcar car-sharing locations are within a block of the building. Taxis swarm the area 24/7. DIVVY bikes are two short blocks west at Clark and Elm.

    The competition

    The most direct competitor for 4 East Elm is likely to be a new luxury condo tower planned for the corner of State and Walton, several short blocks south.

    There are dozens of upscale resale buildings in the immediate area.

    4 East Elm in the news

    More recent items are listed first.

  • Gold Coast groundbreaking at State and Elm
  • New Gold Coast condo tower breaks ground
  • Condos on tap for Gold Coast site
  • Share your take on 4 East Elm

    If you have additional information about 4 East Elm, and are not a real estate agent, add your thoughts in a comment. Comments are moderated, and commercial messages are not allowed.

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    A first look at the amenities at Old Town’s Scott Residences http://yochicago.com/a-first-look-at-the-amenities-at-old-towns-scott-residences/36738/ http://yochicago.com/a-first-look-at-the-amenities-at-old-towns-scott-residences/36738/#comments Fri, 10 Oct 2014 05:07:05 +0000 Joe Zekas http://yochicago.com/?p=36738

    The Scott Residences, a 6-story, 71-unit boutique building in Old Town is gearing up to receive its first occupants later this month.

    I stopped by several days ago for a first look at some of the amenities, which are extensive for a building the size of Scott Residences.

    The lobby, which will have 24/7 door staff, is complete and the adjacent “villa room” is nearly complete. The villa room has seating, a large TV, a pool table and a fireplace with an antique mantle.

    My first stop on the top floor of the building was the resident lounge, which has a fireplace and will have a fully-equipped kitchen.

    The lounge opens to a large south-facing sundeck which will be landscaped and include seating areas, a fire pit and gas grills.

    Adjacent buildings frame a view of the skyline to the south.

    A walkway heads north past a green roof area.

    There’s an additional outdoor space on the north side of the building with a panoramic view over Old Town.

    A relatively-large fitness room has floor-to-ceiling windows looking north.

    I stepped out onto the balcony at one of the top-floor apartments for a quick look up and down Wells Street.

    The pet-friendly, smoke-free building will have a first-floor dog run, a limited number of resident storage lockers, and a resident-only parking garage with complimentary bike racks.

    Ground-level retail in the building includes a Starbucks, which is already open, and Massage Envy, which is slated to open next month.

    Plum Market is directly across the street from The Scott Residences.

    Note: The Scott Residences is a YoChicago advertiser.

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    New website, hardhat tours at new West Loop apartments http://yochicago.com/new-website-hardhat-tours-at-new-west-loop-apartments/36728/ http://yochicago.com/new-website-hardhat-tours-at-new-west-loop-apartments/36728/#comments Fri, 10 Oct 2014 05:06:43 +0000 sponsored post http://yochicago.com/?p=36728

    First occupancies are slated for January at Circa 922, 922 W Washington in the West Loop.

    Circa 922 just launched its new website, with floor plans and details on the apartments and the full suite of common-area amenities.

    Hardhat tours of the building and the apartments have begun on a by-appointment basis.

    The tours are called “hardhat” for a reason. You’ll don the kind of helmet that construction workers wear for safety reasons and walk through areas where there’s a lot of activity underway putting the finishing touches on the interiors. You’ll be in an environment that’s often dusty, dirty and noisy.

    Empty apartments strike most people as being smaller than they actually are. It’s counter-intuitive, but an apartment filled with furniture is almost always going to seem larger than a vacant one, especially one that has tools, equipment, cabinets and other items strewn randomly around the space. Rely on your tour guide to help you draw a mental map of how the space will live for you, and don’t hesitate to express your questions and concerns.

    Don’t miss a chance to see the dramatic skyline views from the rooftop sundeck.

    Apartments with walk-out access to the pool deck, and the southeast corner apartments with sweeping views, are likely to rent before finished models are available.
    The number of participants in each hardhat tour is limited. Contact the leasing office at 312-455-992 to reserve a slot on one of the tours.

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    This Streeterville one-bedroom has a flexible bonus space http://yochicago.com/this-streeterville-one-bedroom-has-a-flexible-bonus-space/36733/ http://yochicago.com/this-streeterville-one-bedroom-has-a-flexible-bonus-space/36733/#comments Fri, 10 Oct 2014 05:04:24 +0000 sponsored post http://yochicago.com/?p=36733

    The one-bedroom plus den at Streeter Place has always been one of the most popular floor plans at the luxury Streeterville apartment tower. The layout ranges in size from 979 to 1,067 square feet. A number of residents have opted to use the den area as a home office.

    The one-bedroom plus den plan is only available on the 3rd through 13th floors of Streeter Place. Residents who want a higher floor, a more expansive view and a lower price point can choose the H plan, which is available on the 14th through 53rd floors of the building. The H plan, which spans 929 square feet, has a nook when you first enter the apartment that lays out exceptionally well for a home office, and can be creatively adapted to other uses.

    The H plan one-bedrooms rent from $2,427 to $2,874 a month, while one-bedroom plus dens range from $2,634 to $2,982. Studio apartments at Streeter Place rent from $1,540 to $1,872, convertibles from $1,856 to $1,996, one-bedrooms from $1,905 to $2,914, 2-bedrooms from $2,900 to $3,328 and 3-bedrooms from $5,190 to $5,749.

    Streeter Place is currently reducing the first month’s rent by the $400 administrative fee for renters who rent within 48 hours of their first visit.

    Streeter Place is a full-amenity, full-service community with on-site management, maintenance and leasing staff, and 24/7 door staff.

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    A 3-bedroom deal and a new sundeck at Chestnut Tower http://yochicago.com/a-3-bedroom-deal-and-a-new-sundeck-at-chestnut-tower/36736/ http://yochicago.com/a-3-bedroom-deal-and-a-new-sundeck-at-chestnut-tower/36736/#comments Fri, 10 Oct 2014 05:02:09 +0000 Joe Zekas http://yochicago.com/?p=36736 Chestnut Tower, a luxury apartment tower on the Near North Side. The rent for Unit 3406 is $5,215. A renter who moves in by October 29, 2014 will receive a month’s free rent. Chestnut Tower recently completed [...]]]>

    A newly-renovated 3-bedroom, 3-bath apartment that spans 1,920 square feet is currently available on the 34th floor of href=”http://www.chestnuttowerchicago.com/availability.asp?fid=60510″>Chestnut Tower, a luxury apartment tower on the Near North Side. The rent for Unit 3406 is $5,215. A renter who moves in by October 29, 2014 will receive a month’s free rent.

    Chestnut Tower recently completed the renovation of its rooftop sundeck. The new deck offers panoramic views of the city skyline to the south and east, and sweeping views of the cityscape to the west. The deck has multiple seating and lounging areas, flat-screen TVs, gas fire pits and gas grills.

    Chestnut Tower is currently offering a $200 discount on its administration fee for all new residents who mention the online coupon and are not represented by a broker.

    Chestnut Tower is pet-friendly and has a private dog park. The building has 24/7 door staff, a business center, fitness center and a rooftop resident lounge in addition to the sundeck.

    Note: Chestnut Tower is a YoChicago advertiser.

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    New South Loop condos rising rapidly http://yochicago.com/new-south-loop-condos-rising-rapidly/36720/ http://yochicago.com/new-south-loop-condos-rising-rapidly/36720/#comments Thu, 09 Oct 2014 05:06:02 +0000 sponsored post http://yochicago.com/?p=36720

    The 16-story, 144 unit condominium building at 1345 Wabash has passed the 9th floor and is on target to top out a month from now. First occupancies at the building are expected early in 2015.

    Local 1 Ironworkers took a few seconds break from assembling reinforcing forms yesterday to pose for a picture.

    1345 Wabash is the first new-construction condominium in the South Loop in years. It has an enviable location, with five stellar restaurants on the same block, and Trader Joe’s, Jewel and the Roosevelt Rd CTA stops just over a block to the north.

    One-bedroom condos are pre-completion priced from $227,900 and two-bedrooms from $289,900. Floor plans, detailed specifications and more information can be found at the 1345 Wabash website. The cost of owning a one- or two-bedroom at 1345 Wabash compares favorably with renting a comparable unit.

    A sales and design center is open at 1620 S Michigan Ave.

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    Free rent offers are popular at Lakeview’s Halsted Flats http://yochicago.com/free-rent-offers-are-popular-at-lakeviews-halsted-flats/36717/ http://yochicago.com/free-rent-offers-are-popular-at-lakeviews-halsted-flats/36717/#comments Thu, 09 Oct 2014 05:05:43 +0000 sponsored post http://yochicago.com/?p=36717

    Halsted Flats has passed the 92% occupancy mark since opening this spring, a measure of the positive vibes the community has struck with Lakeview East renters. Halsted Flats is the first new full-amenity apartment tower built in the neighborhood in nearly 30 years.

    Renters have responded enthusiastically to Halsted Flats’ recent free-rent offers. Current incentives include 3 months’ free rent on 2-bedroom, 2-bath apartments for 15 to 18 month leases that begin occupancy by November 1. Other apartments are eligible for 2 months free rent on 12- to 14-month leases that begin occupancy by January 1.

    The free months can be taken upfront, allowing renters to defer their first rent payment into next year. Most, however, are opting to pay rent each month as if it were prorated and build up a credit toward payment of the full monthly rent.

    Many of the recent renters at Halsted Flats have been migrating from Chicago’s further-north neighborhoods. Other new residents have relocated from out-of-state, recognizing the attractiveness of the Lakeview East location and feeling confident of the community’s best-of-neighborhood status.

    Floor plans and near real-time rents, before concessions, are available online..

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    South Loop 2-bedrooms at 1-bedroom rents http://yochicago.com/south-loop-2-bedrooms-at-1-bedroom-rents/36714/ http://yochicago.com/south-loop-2-bedrooms-at-1-bedroom-rents/36714/#comments Thu, 09 Oct 2014 05:04:46 +0000 sponsored post http://yochicago.com/?p=36714

    The LEX, a luxury apartment tower in the South Loop, is about to add to its roster of locational advantages with the opening early next year of the new CTA Green Line station at Cermak.

    The Green Line stop, two short blocks from The LEX, connects to the South Side, the Loop, and suburban Forest Park to the west.

    A 2-bedroom, 1-bath at The LEX is currently available for early-December occupancy at $2,042. Rents for immediately-available 2-bedroom, 2-bath apartments start at $2,343.

    The LEX is a full-amenity, high-service community with on-site management, maintenance and leasing staff and 24/7 door staff.

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    A rare double lot at Bridgeport’s Lexington Place http://yochicago.com/a-rare-double-lot-at-bridgeports-lexington-place/36723/ http://yochicago.com/a-rare-double-lot-at-bridgeports-lexington-place/36723/#comments Thu, 09 Oct 2014 05:02:48 +0000 sponsored post http://yochicago.com/?p=36723

    The single-family homes at Lexington Place II in Bridgeport will offer one buyer an opportunity that’s very rare in new construction – a double lot.

    The southernmost home in the 3700 block of South Sangamon St will have a full side lot south of the home. The lot enables a homeowner to have flexible play, gardening and entertaining space – and lots of it.

    Lexington Place 2 is the latest phase of Lexington Homes’ successful single-family / townhome development adjacent to popular Donovan Park. The homes will be similar in look to the neighborhood-friendly style of the first phase of single-family homes, pictured above.

    All of the homes will boast extra-wide, extra-deep lots, rambling front porches, high ceilings, family-sized kitchens and great rooms, hardwood floors, granite countertops, back yards, a full finished basement and 2 or 3 car garages. Prices for the 3- to 6-bedroom, 2 ½ to 3 ½ bath homes begin at $509,990.

    A sales office is open daily in the Lexington Square rowhomes at 3618 S Sangamon. Prices for Lexington Square 3 rowhomes start at $384,990.

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    A major makeover underway at Park Lincoln apartments http://yochicago.com/a-major-makeover-underway-at-park-lincoln-apartments/36702/ http://yochicago.com/a-major-makeover-underway-at-park-lincoln-apartments/36702/#comments Wed, 08 Oct 2014 05:43:15 +0000 Joe Zekas http://yochicago.com/?p=36702

    Park Lincoln, 2470 N Clark St in Lincoln Park, was acquired recently by an affiliate of Reside Living. The15-story, 140-unit apartment tower was undergoing a major makeover when I visited yesterday.

    The apartments are being upgraded with entirely new kitchens and baths, wood-look floors and in-unit washer / dryers. The new kitchens have granite counters, glass tile backsplashes, under-cabinet lighting, under-mount sinks and a stainless steel appliance package that includes a dishwasher and built-in microwave.

    The apartments had some good touches that won’t change: exposed brick walls, unusual in a high-rise, and balconies off most of the units.

    The common areas are also being enhanced. A sleek new lobby is nearing completion and a new fitness room was ready for the finishing touches at the time of my visit. A new laundry room with commercial-grade equipment is being created to supplement the in-unit washer / dryers. The hallways have new carpeting and bright lighting.

    A new roof deck is slated for completion late next spring, and the sweeping views it serves up promise to be a big draw.

    The apartments also have good views to the east, and views of the downtown skyline and the neighborhood from west-facing units.

    Retail space in the building accommodates La Fournette, a popular French bakery / café, Cycle Smithy and a US Post Office branch. There are, of course, a huge variety of shops, restaurants and bars in the immediate area.

    I’ll be updating our review of the building with this information.

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    Follow YoChicago on Flickr http://yochicago.com/follow-yochicago-on-flickr/36709/ http://yochicago.com/follow-yochicago-on-flickr/36709/#comments Wed, 08 Oct 2014 05:21:55 +0000 Joe Zekas http://yochicago.com/?p=36709

    We’ve visited virtually every corner of Chicago and its far-flung suburbs, and we’ve generally take pictures on our travels. The result: our network archives have more than 400,000 images.

    A relatively small sample of those images, more than 13,700, can be viewed at YoChicago’s Flickr account, which recently passed the more than 4,000,000 view mark. Follow us on Flickr if you’d like to see what we’ve been seeing recently, often from vantage points that few people get to access.

    Our Flickr photos are organized in neighborhood and suburb albums and in albums containing our panoramic shots and aerial photography.

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