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ChicagoFar North

Bowmanville home aims to crack the $1 million mark

2209 W Farragut

It’s been nearly two years since we visited the 2200 block of Farragut for the video tour, above, of a home with Eric Rojas, one of YoChicago’s advertisers. The home, at 2209 W Farragut, was listed for sale at $419,000 and sold for $420,000. A newly-built 5-bedroom, 3 ½ bath home just down the block ...

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Posted by Joe Zekas on November 5, 2014

A day for honoring Martin Luther King Jr

Martin Luther King Jr video

As we celebrate the birthday of Martin Luther King Jr, we might pause to consider how much has changed since he came to Chicago in 1966 to advance the cause of fair housing. Dr King described his time in Chicago, where he rented an apartment at 1550 S Hamlin Ave, as “a first step on ...

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Posted by Joe Zekas on January 20, 2014
News & trendsMarket conditions

Median Chicago condo sales price soars 24% year-over-year

RE/MAX October sales data

The following market update arrived via a news release from RE/MAX Northern Illinois: October home sales in the metropolitan Chicago real estate market extended the trends that have characterized the local market in 2013. Both the median sales price and the number of homes changing hands increased when compared to the same month a year ...

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Posted by Joe Zekas on November 18, 2013

Chicago is leading net exporter of people to New York

High Line sign

According to a recent piece by Aaron Renn at City Journal, the New York area lost nearly 2 million net domestic migrants in the 2000s. Chicago didn’t rank among the top 10 destination metros for net migration by New Yorkers. Atlanta, Allentown and Charlotte did. Although New York attracts far fewer domestic migrants than it ...

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Posted by Joe Zekas on September 10, 2013
ChicagoNorth Side

A home “like no other” under contract on Ashland

Ashland Urban

Redfin’s email recently surfaced a “new listing” for one of the Ashland Urban condos at 2607 N Ashland Ave whose pretensions we noted last October. The 3-bedroom, 4-bath, 2,800 square foot tri-level “penthouse” unit was listed at $890,000 on May 8, and shown as being under contract shortly after that date. The home faced tough ...

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Posted by Joe Zekas on May 13, 2013
ChicagoSouth Side

Brother El visits Muddy Waters home in North Kenwood

Brother El

The former home of “legendary Chicago blues musician Muddy Waters” was recently listed by Landmarks Illinois as one of the 10 most endangered historic places in Illinois. Brother El of the Makers of Sense makes several visits to the home, at 4339 S Lake Park in the North Kenwood / Oakland neighborhood, in the above ...

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Posted by Joe Zekas on May 13, 2013
ChicagoWest / Southwest

Columbus Park, an idealized prairie in Austin

Columbus Park Chicago

The Austin neighborhood on Chicago’s West Side is home to one of the city’s most beautiful parks. Columbus Park was conceived 100 years ago, and landscape architect Jens Jensen began its design on a 150-acre parcel in 1915. The park has had its ups and downs over the years, including the loss of acreage for ...

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Posted by Joe Zekas on November 19, 2012

Zillow and Trulia lag brokerage sites in timeliness, accuracy, completeness

Aerial view of downtown Chicago

The WAV Group recently published a Redfin-sponsored study comparing listing search results at local brokerage websites in 11 major markets with search results on Trulia and Zillow. The study (PDF) found that local real estate brokerage websites give consumers the most complete, accurate and timely information about homes for sale. The results – and brokerage ...

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Posted by Joe Zekas on October 5, 2012
ChicagoDowntown / Loop

An aerial progress report on the CHA’s Plan for Transformation

Cabrini-Green site aerial

Crain’s Chicago Business has a report on the impact of the market downturn on the redevelopment of Chicago Housing Authority projects pursuant to what Crain’s refers to as its “so-called Plan for Transformation.” The Crain’s headline tells the story: “Real estate collapse cripples CHA plan to mix homeowners, renters.” Crain’s snarky reference notwithstanding, CHA high-rise ...

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Posted by Joe Zekas on October 1, 2012
ChicagoDowntown / Loop

The loft deadpool – River East Center

River East Center

In 1988 we organized a home show at North Pier, a Streeterville loft building that has since been known as River East Center and, most recently, River East Plaza. The show drew more than 100 exhibitors, ranging from real estate brokers and developers to mortgage lenders, remodelers, home furnishings, media companies and more. The Children’s ...

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Posted by Joe Zekas on September 21, 2012
News & trendsMarket conditions

Redfin seeing many multiple offer transactions in Chicago area

Video with Redfin

Redfin‘s Dario Medina and Mark Reitman stopped by my office the other day for an off-the-cuff discussion of Redfin’s business model and some of the trends its agents have been seeing recently in the Chicago real estate market. One topic I tossed out for discussion was multiple offers. According to Medina, 37% of Redfin’s local ...

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Posted by Joe Zekas on June 1, 2012
ChicagoDowntown / Loop

Broker lunch today at 600 N Lake Shore Drive

600 North Lake Shore Drive, Chicago IL

Though the project is near a sellout, there are still a few homes left at 600 N. Lake Shore Drive, the stunning, new construction twin towers on the lakefront across from Navy Pier. Today, May 1, from 11:00 am to 1:00 pm, brokers can tour the remaining homes at a lunchtime broker open house.  Find ...

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Posted by sponsored post on May 1, 2012
ChicagoDowntown / Loop

Rehabbed row home on the Gold Coast’s Elm Street

44 East Elm Street, Chicago IL

When a home is 120 years old, there are going to be updates to the living space, but not often is a home gutted down to the walls and refitted like this one has been. The interior of the 1888 row home is completely new, replete with all the automation and smart-home technology you find ...

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Posted by sponsored post on February 25, 2012
News & trendsMarket conditions

Median Chicago housing prices fall further in 2011

Lakeshore Analytics single-family sales

Chicago homes sales experienced their typical fourth quarter slump at the end of 2011, settling to about 7,600 houses and 4,500 condominiums and townhomes sold within the city between October and December. Fourth quarter sales have typically been lower than third quarter sales in the last five years, and this year was no exception. Total ...

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Posted by Jeff Baird on February 6, 2012
ChicagoNorth Side

A large, character-laden South Loop loft

1617 S Michigan video

When you think of a loft you conjure sunlit sprawling spaces with high ceilings, exposed brick, and a lot of character. Too often all you find is a dark space with all the character of a bowling alley. The 3,000 square foot, 3-bedroom, 3-bath top-floor loft at 1617 S Michigan Ave is likely to satisfy ...

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Posted by Joe Zekas on December 8, 2011
ChicagoFar North

Greenview Gardens, a Rogers Park condo price collapse

7633 N Greenview Chicago

I stopped by Greenview Gardens in Rogers Park, 7633 – 39 N Greenview, to check the condition of the building. What prompted my visit was a steep drop in the price of resale units in the complex. Unit F, a 2-bedroom, 2-bath at 7633 N Greenview which was purchased for $212K in December of 2005, ...

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Posted by Joe Zekas on December 5, 2011
News & trendsMarket conditions

Single-family home sales up consistently across Chicago neighborhoods

Single-family salesl by neighborhood

The city saw a 30% increase in single family homes last quarter of the previous quarter, and the increase was consistent across the top 20 neighborhoods I track in Chicago Housing Quarterly market report. Condo and townhome sales increased 25% over last quarter. Of the top 20 neighborhoods: All saw increases in single family home ...

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Posted by Jeff Baird on October 25, 2011
ChicagoDowntown / Loop

Quote of the day – Chicago’s affordable hosing program

Madison Estates Chicago

We first wrote about Madison Estates, a development in the 2200 block of West Madison on Chicago’s Near West Side, back in January of 2007 – a different era. The listing copy for Unit 102 at 2240 W Madison invites buyers to “be one with your environment” and notes that they must qualify under the ...

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Posted by Joe Zekas on October 13, 2011

Are there Sabbath elevators in Chicago?

7061 N Kedzie Chicago

MSNBC provides some background to the question in the headline: Jewish law, or halacha, forbids the use of electrical items on the Sabbath. But for decades rabbis have allowed special elevators that automatically stop at every floor without the riders pushing any buttons, permitting Orthodox Jews to ride them and live in high-rise buildings. The ...

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Posted by Joe Zekas on September 29, 2011
Downtown / LoopNorth Side

A rare new construction Bucktown single-family under $1M

2336 W McLean Bucktown

An MLS search for ground-up new construction single family homes in Bucktown turned up only one result today – the home that’s the subject of this video. The 4-bedroom, 3 ½ bath, 2-car garage home at 2336 W McLean Ave has hardwood floors throughout, a spectacular kitchen, large light rooms, a showplace master bath and, ...

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Posted by Joe Zekas on July 20, 2011