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Edgewater

ChicagoFar North

What’s up with Edgewater’s Park Tower condominium?

5415 N Sheridan

There are (at least) two condo buildings named Park Tower in Chicago, one at 800 N Michigan Ave and the other at 5415 N Sheridan Rd in Edgewater. We’re talking about the latter building here. The triangular, Miesian ParkTower soars 54 stories and encompasses 744 condo units. The building was designed by Solomon Cordwell Buenz ...

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Posted by Joe Zekas on October 6, 2014
ChicagoFar North

Tour a vintage 3-bedroom in an Edgewater 6-flat

5445 N Kenmore

This 3-bedroom, 2 ½ bath vintage condo at 5445 N Kenmore in Edgewater sprawls over 2,800 square feet of living area. The home boasts large, light-filled rooms with great separation between public and private spaces. It has hardwood floors, a newly-renovated kitchen with a breakfast area, a spacious formal dining room, a large updated master ...

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Posted by sponsored post on July 22, 2014
ChicagoFar North

A newer Edgewater 2-bedroom with panoramic east views

Catalpa Gardens

Catalpa Gardens, 1122 W Catalpa, is a rare newer-construction high-rise a block from the Bryn Mawr Historic District in Edgewater. The building has a range of amenities not typically found in the area: a rooftop sundeck with sweeping views of the skyline, a dog run and a fitness room. A corner 2-bedroom, 2-bath has just ...

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Posted by sponsored post on July 10, 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
ChicagoFar North

MLS-listed rental supply plunges in Edgewater, Rogers Park

Edgewater aerial

A month ago there were 154 homes, apartments and condos listed for rent in the Multiple Listing Service in ZIP Codes 60660 and 60626. As of late yesterday there were only 110, a 29% drop from 30 days ago. If you ask half a dozen real estate agents to explain this change in the Edgewater ...

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Posted by Joe Zekas on May 14, 2014
ChicagoFar North

A report from another discontented resident at Flats No. 5411

5411 Winthrop

Less than two weeks ago we were shown around Flats Chicago’s 5411 N Winthrop by a dissatisfied resident. Yesterday another disgruntled resident at Flats Chicago’s 5411 N Winthrop reached out by email to share the following experiences, which I’ve rephrased slightly without changing the substance: Torrential downpours in my bathroom (no exaggeration – multiple points ...

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Posted by Joe Zekas on April 10, 2014
ChicagoFar North

A first look inside Edgewater’s Flats No. 5411

5411 Winthrop

Yesterday I walked through the common areas and an occupied apartment at Flats No. 5411, 5411 N Winthrop in Edgewater, at the invitation of one of the residents. There’s a fitness room adjacent to the furnished lobby. The fitness room was comparable to what I’ve seen in similar-sized buildings. The resident told me that the ...

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Posted by Joe Zekas on March 27, 2014
Far North

A high-rise loft in a steps-to-everything Edgewater location

1122 Catalpa

The 2-bedroom, bath-and-a-half loft condo at 1122 W Catalpa in Edgewater has every feature that savvy buyers are seeking, including an affordable price tag: $209,900. The home has high ceilings, hardwood floors, an upgraded kitchen with gas range and granite counters, an in-unit washer dryer, a private balcony and great separation between the bedrooms. The ...

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Posted by sponsored post on March 11, 2014
ChicagoFar North

Grading Flats Chicago – Incomplete, Fail

5718 N Winthrop

As Flats Chicago cranks up its hype machine with an eye on the spring rental market, we’ll try to provide an occasional reality check. Start with the current screen cap from Flats’ website: reservations were being taken last June for four buildings, only one of which has apartments ready for occupancy. But first, a look ...

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Posted by Joe Zekas on February 3, 2014

Flats Chicago – proceed with caution, renters

5718 N Winthrop

We’ve been following the progress – or lack thereof – on Flats Chicago buildings for some time. Our interest was initially piqued by what struck us as a near-zero correlation between the company’s hype and the facts behind it. Back in June we reported, with a skepticism not exhibited in other media reports, Flats Chicago’s ...

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Posted by Joe Zekas on November 14, 2013
ChicagoDowntown / Loop

Where’s YoChicago been lately?

Wells Street, Chicago

In the course of a typical month YoChicago stops at 100s of places in dozens of Chicago neighborhoods and suburbs. We don’t write about all of them, but we do snap photos and video clips for use in current and future videos and posts. Here’s a look at just a few of the places we’ve ...

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Posted by Joe Zekas on September 18, 2013
ChicagoFar North

Media math not very sharp on Flats Chicago

1020 W Lawrence

Nearly a year ago the Sun-Times’ David Roeder reported that the seven buildings being branded as Flats Chicago totaled 1,200 units. Two days ago Crain’s Chicago Real Estate Daily reported that Flats Chicago was adding the troubled Lawrence House, 1020 W Lawrence in Uptown, to its portfolio. Flats Chicago’s Jay Michael was quoted as saying ...

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Posted by Joe Zekas on August 8, 2013
ChicagoFar North

Will flat-out hype fall flat at Flats Chicago?

4875 N Magnolia Chicago

In my experience, when hype runs far ahead of performance in real estate the performance more often than not falls flat. Will that prove to be the case at Flats Chicago, a hyper-active attempt to conjure a positive brand for a group of buildings with troubled histories and sub-par locations? Flats Chicago has garnered a ...

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Posted by Joe Zekas on June 19, 2013
ChicagoFar North

Will an Andersonville school convert to “Trumbull Lofts”?

Trumbull school Chicago

A recent Atlantic Cities post sketched the real estate issues that accompany school closings: One of the thorniest issues (in what is a veritable forest of mess) is what to do with those school buildings once they’re empty. Often, the facilities are in poor shape, with promised renovations put off quasi-indefinitely. Many are located in ...

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Posted by Joe Zekas on April 10, 2013
News & trendsMarket conditions

Home prices – a welcome V shape in some neighborhoods

Lakeshore Analytics graphic

Several neighborhoods that had seen a steep decline in median selling prices in recent quarters saw an equally steep rise last quarter. The effect was present mostly in single-family homes. Three examples are Near South Side, Edgewater and Rogers Park. The median selling prices of Near South Side houses had fallen 44% between Q3 2011 ...

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Posted by Jeff Baird on November 9, 2012
ChicagoFar North

Price collapse continues at colorful Catalpa Gardens

Catalpa Gardens

The three blue and gold 11-story towers of Edgewater‘s Catalpa Gardens make a colorful statement up close and from a distance. The 126-unit complex’s other distinctive features include glass walkways connecting the towers, a rooftop deck with outstanding views – and unit values that have radically imploded. When we looked in on the building two ...

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Posted by Joe Zekas on November 7, 2012
ChicagoFar North

The development deadpool – Broadway Village Lofts

5427 N Broadway, Chicago

Five years ago we reported that 24 one-bedroom “lofty” condos were for sale at 5427 N Broadway in a development called Broadway Village Lofts. The building had been the site of an industrial laundry / dry cleaning plant. We followed up in May of 2008, reporting that 10 of the 24 units were still available, ...

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Posted by Joe Zekas on September 11, 2012
ChicagoFar North

A price meltdown at Edgewater’s Atelier

Atelier Chicago

When Chicago housing prices start trending down, some communities sink further, faster than others. Over the past 4 decades Edgewater east of the El tracks had typically ranked among the fast sinkers, its down-market density portending price-descending destiny. When we took a lengthy look at Edgewater seven years ago, residential development was booming, business was ...

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Posted by Joe Zekas on June 21, 2012
ChicagoFar North

A sunny, Andersonville-adjacent two-bedroom

Niko Apostal video

Nicholas Apostal of Coldwell Banker’s The Apostal Group takes us on a tour of a 2-bedroom, 2-bath condo at 1518 W Olive St that’s filled with sunlight. This vintage rehab of a top-floor corner unit has 11-foot ceilings in the living room, a covered front terrace and rear deck, a private garage, a designer master ...

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Posted by sponsored post on June 12, 2012
ChicagoFar North

Edgewater’s Winthrop Kenmore corridor – Arson Alley and Appalachians and Indians tumbling like flotsam

Winthrop Kenmore corridor, aerial view

The so-called Winthrop Kenmore corridor has long been a troubled area, home to a largely transient population. According to Compass Rose: In the 1960s and 70s, when the neighborhood was at its low point, the Winthrop-Kenmore corridor was called Arson Alley because 25% of the buildings were empty and vacant. Today, due to a massive ...

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Posted by Joe Zekas on January 30, 2012