Real estate news & trends
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Chicago
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
As the Taste of River North approaches on July 15-17, it’s worth noting the wealth of dining opportunities flanking River North’s Superior 110 condominiums – from the finest cuisine to the greasy spoons. Within a block of Superior 110 Fogo de Chao – meat, meat and more meat – Brazilian (4 of 5 stars based ...
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Posted by sponsored post on July 7, 2011
Last week, CA23, a 3-building, 24-unit condominium community in the West Loop hosted a grand re-opening party, with a Mexican summer theme. Our host was Zev Salomon from Belgravia Group, who took over the project less than 60 days ago and currently has 5 of the 11 remaining units under contract. At 30% below original ...
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Posted by YoChicago.com on June 14, 2011
If you’re looking for newer construction, in a vibrant neighborhood with great accessibility and amenities, you’ll do well in the avant-garde Emerald building, and unit 906A will give you spectacular views of the West Loop and the city. Floor-to-ceiling windows and two balconies facing east and south highlight this two-bedroom, two-bath unit. An open floor ...
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Posted by YoChicago.com on June 10, 2011
After shooting sponsored video at two of Planned Property‘s vintage apartment buildings – a high-rise and a walkup – at Diversey and Pine Grove in Lincoln Park, Dan McDonough and I stepped across the street to chat about the neighborhood and the scene along Diversey. Dan is Planned Property’s marketing director. Join us on the ...
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Posted by Joe Zekas on May 23, 2011
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