Real estate news & trends
Latest news from YoChicago
Near South Side
We last wrote about Eastgate Village, a troubled townhome / condo development on the Near South Side, back in October of 2011. At the time, 26 units were slated for auction. Those units had previously been the subject of a bulk purchase at a third of their original prices. A 3-bedroom, 3-bath, 4-level townhome in ...
Read the full article →
Posted by Joe Zekas on March 6, 2013
It’s been a wrenching few years to watch price and volume movements in many of Chicago’s neighborhoods. These metrics are prone to doing strange things even in ordinary times. I track 20 Chicago neighborhoods with the most sales volume on a quarterly basis. In some neighborhoods, this adds up to only a couple dozen sales ...
Read the full article →
Posted by Jeff Baird on November 12, 2012
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 ...
Read the full article →
Posted by Jeff Baird on November 9, 2012
We’re taking a brief look at the state of each of the eight neighborhoods we spotlighted as Chicago’s hottest back in June of 2006. We’ve already revisited Woodlawn, Washington Park and Avondale. Today we move on to the Near South Side, about which our reporter had these observations: Until recently, it seemed as though development ...
Read the full article →
Posted by Joe Zekas on June 16, 2011
“What are they going to get from me? I have nothing. Even my little dog is sick.” – Contractor Adolfo Castellanos, responding to news that he and developers Andres Schcolnik and Leigh Ballen face a $21-million foreclosure suit over Opera Lofts, the redeveloped Lyric Opera storage space at 2545 S Dearborn St. In February I ...
Read the full article →
Posted by Joseph Askins on April 27, 2011
Last May I stumbled across Fred Scovell’s listing for a Queen Anne-style mansion at 2801 S Prairie Ave on the Near South Side. His listing had no text, just photos, but a quick Google search of the address revealed a lot about the home’s history. From my post: The Wood-Maxey-Boyd House is a Queen Anne-style ...
Read the full article →
Posted by Joseph Askins on March 30, 2011
My next stop on the way north via CTA’s Red Line was the Cermak / Chinatown station, located at 138 W Cermak Rd. Due to construction on the station’s Cermak side, I exited the station onto Archer Avenue and shot this profile from the intersection of Archer and Wentworth. Just a handful of homes have ...
Read the full article →
Posted by Joseph Askins on March 24, 2011
While we’re on the topic of Gateways, I just realized that it’s been almost exactly three years since Central Station mastermind Jerry Fogelson’s announced his intention to build a $4 billion development named — you guessed it — Gateway on the Near South Side, near McCormick Place. The Tribune reported in February 2008 that Fogelson ...
Read the full article →
Posted by Joseph Askins on February 4, 2011
It’s been almost two years since Opera Realty started offering up the inventory at Opera Lofts, 2545 S Dearborn St, as rentals. In reality, that probably killed their sales campaign, but developer-owned units were still hanging around on the MLS as recently as fall 2009. These days, the only homes available in any form or ...
Read the full article →
Posted by Joseph Askins on February 4, 2011
On Monday the city’s Department of Cultural Affairs and Department of Housing and Economic Development issued a request for qualifications for consultant teams to help redevelop the Near South Side’s Spice Barrel District and Cermak Road Historic Bridge District between Chinatown and Pilsen into a new Creative Industry District offering “affordable and sustainable spaces for ...
Read the full article →
Posted by Joseph Askins on February 2, 2011
Fred Scovell of Keller Williams Realty – West Loop included 16 great photos with his listing for the mansion at 2801 S Prairie Ave on the Near South Side, but absolutely no text. Why bother with a writeup, when anyone who Googles the address is going to find this entry on the Chicago Landmarks page ...
Read the full article →
Posted by Joseph Askins on May 21, 2010
This week Time Out Chicago is asking readers to check out Chinatown, which sounds like a good excuse to see what’s for sale down there. The answer? Not a lot. If you go by the MLS and our boundaries for Chinatown — the Stevenson Expressway, Cermak Road, and Wentworth, Archer, and Stewart avenues — there’s ...
Read the full article →
Posted by Joseph Askins on February 11, 2010
In Chicago’s Near South Side, Opera Realty‘s Opera Lofts are selling and leasing lofts converted from a storage warehouse for the Lyric Opera of Chicago at 2545 S Dearborn St. Sixty percent of these 93 units are occupied, 20 percent of which are leased. Below is a comparison of the costs of purchasing or renting ...
Read the full article →
Posted by erik stonikas on October 19, 2009
The past year has done a number on the selection of new true lofts throughout the city. Some developments, like University Village, finally reached sellout, while others, like the Park Kingsbury Luxury Lofts, gave up the ghost without ever reaching completion. Friday afternoon I ran down our old list of true loft developments (adapted timber ...
Read the full article →
Posted by Joseph Askins on September 19, 2009
Subscribe: