ChicagoNorth Side

North lakefront rental inventory dips

by Joe Zekas on 12/5/13

The number of homes and condos listed for rent in the MLS in six north lakefront ZIP Codes had been trending steadily upward, from 542 in mid-June to 742 in mid-November.

As of yesterday there were 706 units listed in ZIP Codes 60614, 60657, 60613, 60640, 60660 and 60626. That’s a 4.9% decrease from two weeks ago and virtually the same number as 30 days ago.

Is the MLS-listed rental market getting healthier in the north lakefront communities, or are landlords pulling their listings from the market for the holidays?

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Related posts:

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  2. MLS-listed north lakefront rentals hit another high

{ 3 comments… read them below or add one }

Miles Shapiro December 5, 2013 at 6:48 AM

Does this figure include the units at the new buildings? Seems like this number is closer to several thousand vacant!!

Reply

Joe Zekas December 5, 2013 at 7:10 AM

Miles,

These are, as stated, MLS-listed rentals only.

The major rental buildings typically do not list any of their vacancies in the MLS.

Reply

tone December 5, 2013 at 7:15 AM

Vacancy rates in the city are about 4% as of the third qtr.

Reply

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