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ChicagoDowntown / Loop

1345 Wabash condos have a focus on design

1345 S Wabash

A focus on design is nothing new for the CMK Companies. CMK has a history of creating architecturally distinctive high-rises that are, according to NewCity Design, “a relief from the so-so-ness of neighboring condo buildings.” At 1345 Wabash in the South Loop CMK has once again teamed up with Brininstool + Lynch, an architecture firm ...

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Posted by sponsored post on July 16, 2014
ChicagoNorthwest Side

Buying into a walk-up conversion was often a bad deal

4246 N Spaulding

In the 40 years that I’ve followed Chicago condo conversions I’ve rarely seen the renovation and condo conversion of a 12+ unit walkup buildings with studio to 2-bedroom apartments result in economic gains for the initial buyers. That’s been the case regardless of the attractiveness of the neighborhood, but the results have often been disastrous ...

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Posted by Joe Zekas on July 14, 2014

Chicago condo smoking bans and more

2626

The smoking ban at the 2626 N Lakeview condominiums is old news by now, but you’ll get an expanded look at some of the legal backdrop in the latest issue of the Chicagoland Cooperator. The publication focuses on issues relevant to local condos and co-ops. The June issue of the publication has a roundup of ...

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Posted by Joe Zekas on July 14, 2014
ChicagoDowntown / Loop

New South Loop condos in a convenient location

1345 Wabash

Perspectives can be deceiving. In the first photo, the crane for the construction of the new 1345 Wabash condominiums appears to be directly behind the Jewel-Osco on Roosevelt Rd. In the photo directly above the crane seems to be across the street from the south end of the Jewel. It’s actually a full block south. ...

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Posted by sponsored post on July 3, 2014
ChicagoDowntown / Loop

1345 Wabash condos begin to rise in South Loop

1345 Wabash

Probably the most important milestone in the completion of a high-rise building is the erection of the tower crane that does the heavy lifting of the building’s materials. The tower crane at 1345 Wabash was fully assembled during the past several days, despite some weather-related delays. The first new condominium high-rise built in the South ...

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Posted by sponsored post on June 27, 2014
ChicagoDowntown / Loop

1111 South Wabash is on the mend, agents say

1111 S Wabash

The Gammonley Group was considered a pioneer when it began sales in 2001 for 1111 S Wabash, a 34-story, 247-unit condominium in the South Loop. A few years later the market had become crowded. The building passed the 80%-sold mark early in 2004 before sales slowed to a trickle, and a few developer units were ...

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Posted by Joe Zekas on June 23, 2014
ChicagoDowntown / Loop

New South Loop condos in a convenient, fun location

1345 Wabash

1345 Wabash, which is under construction in the South Loop, is the first new condo high-rise in the neighborhood in six years. The building has a terrific location, within a short walk of bars, destination restaurants, grocery shopping, parks and public transportation. 1345 Wabash is aiming to set a higher standard for design and style. ...

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Posted by sponsored post on June 23, 2014
ChicagoNorthwest Side

Construction underway on 30 North Center condos

2437 Irving Park

If you drive Irving Park Rd between the Kennedy Expressway and Western Ave you’ll see a number of fairly large sites that are cleared, fenced and apparently ready for development. We noted last October that Noah Properties was seeking to rezone a parcel at 2437-2457 W Irving Park Rd in North Center for the construction ...

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Posted by Joe Zekas on June 17, 2014
ChicagoDowntown / Loop

South Loop construction update, 1345 Wabash

1345 Wabash

Since the time of our last visit to 1345 Wabash in the South Loop work has been completed on the concrete pad that will anchor the tower crane that will hoist materials for the 15-story building. 1345 Wabash is the first new condo high-rise to be built in Chicago’s South Loop in nearly 6 years. ...

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Posted by sponsored post on June 17, 2014
ChicagoDowntown / Loop

235 Van Buren parking sells out at auction

235 Van Buren

When 235 Van Buren completed the sellout of its 714 condo units earlier this year, 63 parking spaces remained unsold in the 11-story, 570-space parking garage. All 63 spaces were sold, primarily to individual buyers, at an auction held on June 5. The selling prices were reportedly in the low- to mid-$20s, well below the ...

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Posted by Joe Zekas on June 13, 2014
ChicagoDowntown / Loop

New South Loop condos have great access to big-box retail

The Maxwell

Most people value the experience of shopping at small, locally owned retailers. They also recognize and value the need for having convenient access to major national retail chains. The Roosevelt Road corridor is shaping up to offer access to major retailers that rivals what’s available in the Clybourn Corridor area on the North Side. The ...

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Posted by sponsored post on June 13, 2014
ChicagoFar North

MLS-listed Edgewater rentals reach a low

Aerial view of north lakefront

There were 43 homes, apartments and condos listed for rent in the local Multiple Listing Service in ZIP Code 60660 as of yesterday morning. That’s the lowest level we’ve seen since we began periodic tracking over two years ago. The available listings ranged from a studio renting for $650 a month to a 3,000 square-foot ...

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Posted by Joe Zekas on June 12, 2014
ChicagoDowntown / Loop

State and Elm demolition recalls a notorious one

4 East Elm

The recently-demolished site that’s slated for new condominiums at 4 East Elm in the Gold Coast reminded me of the steel skeleton that stood for years at the southeast corner of State and Division. The two-story building currently at the site is occupied by Bank of America. The audacious Lou Wolf, a convicted arsonist and ...

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Posted by Joe Zekas on June 11, 2014
ChicagoDowntown / Loop

Some profit, some lose at 565 Quincy

565 Quincy

When 565 Quincy slashed prices early in 2010 it was one of the last projects to join the price cutting that was prevalent in the condo market at the time. Last September we noted that three units purchased after the price cuts were on the market and looking to sell at a profit. Two of ...

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Posted by Joe Zekas on June 10, 2014
ChicagoDowntown / Loop

Brokers are buzzing about the South Loop’s newest condos

1345 Wabash

A crowd of real estate brokers came to celebrate the groundbreaking for 1345 Wabash, the first new condo high-rise to be built in Chicago’s South Loop in nearly 6 years. The brokers were excited to tell their clients about CMK’s newest and most stylish high-rise. Their clients have had positive experiences with CMK at the ...

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Posted by sponsored post on June 6, 2014
ChicagoDowntown / Loop

Will this seller get a nearly $200K pop on an Aqua convertible?

Aqua

Unit 5909 at Aqua, 225 N Columbus Dr, was just listed for sale at $482,000. According to the Cook County Recorder’s Office, the unit was purchased in September of 2011 for $289,000. It doesn’t appear to have been substantially upgraded. The listing refers to the unit as a 1-bedroom, but floor plans and listing photos ...

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Posted by Joe Zekas on June 3, 2014
ChicagoDowntown / Loop

New South Loop condos invite you to stop renting

1345 Wabash

Rents in top-tier downtown Chicago apartment buildings surged in the first quarter of the year, up 7.6% over the previous quarter, according to a recent Crain’s Chicago Real Estate Daily report. “The market was on fire,” according to a local analyst quoted by Crain’s. There’s a simple way to protect yourself against soaring rents: stop ...

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Posted by sponsored post on May 30, 2014
ChicagoDowntown / Loop

MLS-listed rental market strengthening in downtown Chicago

Aerial downtown

The number of MLS-listed homes and condos listed for rent in the 14 downtown ZIP Codes that we track stood at 919 yesterday, down from 1,008 just over a month ago. That’s the lowest level of available rentals we’ve seen since last August. The number of available units in the Near North Side ZIP Codes ...

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Posted by Joe Zekas on May 28, 2014
ChicagoDowntown / Loop

Sample the best of the South Loop lifestyle on Wabash

Zapatista

The forecast is for comfortably warm and sunny weather this weekend, perfect conditions for an early alfresco dinner before Saturday night’s Blackhawks playoff game. Head for the 1300 block of Wabash in the South Loop, where you’ll find four great restaurants with outdoor seating: Gioco, Zapatista, Asian Outpost and Flo & Santos. Whichever restaurant you ...

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Posted by sponsored post on May 23, 2014
ChicagoNorth Side

Luxury condos to replace Old Town Triangle strip mall

328 W Wisconsin

An office strip mall at 1920 N Lincoln Ave (pictured above) in the Old Town Triangle is slated to be demolished and replaced by a 7-unit luxury condominium development. Belgravia Group is developing the project which will have 328 W Wisconsin as its address. Two units were recently listed in the MLS. Unit 2W is ...

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Posted by Joe Zekas on May 20, 2014