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ChicagoDowntown / Loop

Streeterville rental shootout – The Fairbanks vs Optima Center

Optima Center

Optima Center is a new rental tower at 200 E Illinois in Streeterville. The Fairbanks, just to the east at 240 E Illinois, is a six-year old condo building. There are currently MLS-listed 2-bedroom, 2-bath units available in both buildings. Unit 2901 at Optima Center spans 1,217 square feet and is listed at $3,985 a ...

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Posted by Joe Zekas on August 26, 2014

Rental service lies – the largest database of apartments

Aerial view downtown

If you scan help wanted ads for Chicago rental services at Craigslist, or visit their websites, you’ll find a number of them claiming to have the largest database of apartments. For all but one, it’s an untruth. Almost all of the rental service do have access to the largest database of rentals – the local ...

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Posted by Joe Zekas on August 26, 2014
ChicagoDowntown / Loop

Assembling the South Loop’s newest condos

1345 S Wabash

The site of 1345 Wabash, the first new condo development built in the South Loop in years, is currently a busy staging area for skilled trades shaping and assembling a bewildering variety of forms and materials. The end result of all the activity will be a sleek building that makes a distinctive statement in the ...

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Posted by sponsored post on August 20, 2014

Has condo pricing gone off the rails again?

Shoemaker Lofts

Lately I’ve been seeing nearly identical new condominiums – in some cases from the same developer – selling for similar prices in locations that I consider to differ widely in value. It’s possible, of course, that I’m misjudging the appeal and underlying value of the locations I’m comparing. I don’t think that’s the case. It’s ...

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Posted by Joe Zekas on August 20, 2014
ChicagoDowntown / Loop

Parks and more at new South Loop condos

Coliseum Park

Grant Park, Chicago’s 319-acre “front yard,” is a few short blocks from 1345 Wabash, the new condos under construction in the South Loop. The sloping lawn at the new skate park under construction at Grant Park will serve up dramatic views of the wall of buildings fronting the north and west sides of Grant Park. ...

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Posted by sponsored post on August 14, 2014
ChicagoNorthwest Side

New condos nearing completion on Wellington

2806 W Wellington

New 3-bedroom, 2 ½ bath condos were nearing completion at 2806 W Wellington when I stopped by just over a week ago. Melissa Govedarica of Sergio & Banks is representing the project. The homes are priced from $409,900 and, like many smaller infill projects, they’re not yet listed in the Multiple Listing Service (MLS). Developments ...

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

New South Loop condos making rapid progress

1345 S Wabash

If you’re at Gioco, Zapatista, Asian Outpost, Flo & Santos or The Scout, head a few feet south from that quintet of outstanding restaurants to check out the progress at 1345 Wabash. The architecturally-distinctive new condo tower is rising rapidly out of the ground on a block that’s a South Loop dining destination, and close ...

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Posted by sponsored post on August 8, 2014

YoChicago launches condominium review series

55 East Erie, fitness

Late last year we began a series of apartment reviews and they’ve proven popular, contributing to a more than 70% year-over-year increase in our traffic in July. We’re waiting on the stats from our server logs, but YouTube Analytics indicates that we reached more than 90,000 unique visitors last month. Condo buyers need access to ...

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Posted by Joe Zekas on August 4, 2014
ChicagoDowntown / Loop

55 East Erie Condominiums, 55 E Erie St

55 East Erie

55 East Erie is a 56-story, 214-unit condominium tower in Chicago’s River North neighborhood. When 55 East Erie was completed in 2004 it surpassed Lake Point Tower as the tallest all-residential high-rise in Chicago, and the building’s website still accords it that status. It has since been overtaken by 340 on the Park, Legacy and ...

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Posted by Joe Zekas on August 4, 2014
ChicagoDowntown / Loop

Stylish new condos in a fun stretch of West Town

1327 W Grand

Grand Avenue in West Town has a lively restaurant and bar scene, convenient public transportation, grocery shopping nearby and the beginnings of a retail and boutique scene. It’s a fun location that resulted in a pre-completion sellout of six new condos at 1327 W Grand. The stylish new condos from Dolyva Development sold from the ...

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Posted by sponsored post on August 4, 2014
ChicagoDowntown / Loop

Start of construction spurs sales at 1345 Wabash

1345 S Wabash

The new 15-story condominium at 1345 Wabash in the South Loop has begun to rise out of the ground and is on pace to add a floor every five working days. 1345 Wabash is the first new condo tower in downtown Chicago in years, and it’s targeting occupancy in March of next year. “We have ...

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Posted by sponsored post on August 1, 2014
ChicagoNorth Side

All but one unit sold at 1611 Hermitage in Bucktown

Hermitage Sixteen11

Hermitage Sixteen11 sits on the Bucktown side of North Ave, the dividing line between Wicker Park and Bucktown. When I stopped by yesterday, the building was one floor shy of its full four-floor height. Despite its pre-completion status, all but one of the building’s seventeen units are under contract. The remaining home is Unit 303, ...

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Posted by Joe Zekas on July 31, 2014

Available MLS-listed rentals at a high on North Lakefront

Lincoln Park

As of late yesterday there were 832 homes and condos listed for rent in local Multiple Listing Service in ZIP Codes 60614, 60657, 60613, 60640, 60660 and 60626. Those ZIP Codes span Chicago’s lakefront from Lincoln Park north to Rogers Park. The number of available rentals is at its highest level since we began tracking ...

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Posted by Joe Zekas on July 30, 2014
ChicagoDowntown / Loop

Is a South Loop rental bubble in the cards?

River City

When the condo market hit the skids in the latter part of the last decade the South Loop was one of the neighborhoods with the greatest imbalance between supply and demand. It took years to work off the excess inventory, some of which is still on the market in developments that were taken over by ...

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Posted by Joe Zekas on July 29, 2014
ChicagoNorthwest Side

New condo six-flats from hot-selling Noah Properties

3013 N California

Noah Properties is continuing its streak as one of Chicago’s hottest-selling builders, with most of the company’s offerings selling out pre-completion. Three new condo six-flats are nearing completion at 3013 N California Ave. Each of the buildings has two 3-bedroom, 3-bath duplexes and four 2-bedroom, 2-bath simplexes. The homes have the stylish showplace kitchens and ...

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Posted by sponsored post on July 28, 2014
ChicagoDowntown / Loop

Food options proliferate near new 1345 Wabash condos

Trader Joe's South Loop

Residents at the new condos currently under construction at 1345 Wabash in the South Loop will find a dizzying array of food shopping and dining options nearby – just part of the location’s allure as one of the most convenient and vibrant in Chicago. Jewel-Osco and Trader Joe’s are a block north at Roosevelt Rd. ...

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Posted by sponsored post on July 24, 2014
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