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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
ChicagoNorthwest Side

Has Riverview Terrace cut its rents far enough?

Riverview Terrace

Just over a month ago we noted that the failed condo project at 2609 W Belmont had come back to life as Riverview Terrace, a rental building. We suggested at the time that quoted rents were “aggressive for the location.” Yesterday’s email brought news that 3-bedroom, 2-bath units that had previously been offered for $3,850 ...

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Posted by Joe Zekas on July 11, 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
ChicagoNorthwest Side

North River Court tries to depart the deadpool as Riverview Terrace

2609 Belmont

It’s been more than eight years since we first noted the development at 2609 W Belmont Ave in Avondale. At the time it was called North River Court and offered for sale as condominiums. The building sat vacant and in a state of disarray for years as it wended its way through the foreclosure process, ...

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Posted by Joe Zekas on June 5, 2014
ChicagoNorthwest Side

A stolen porch in Humboldt Park

Avers & Augusta

Yesterday morning I accompanied veteran appraiser Michael Walsh of Citywide Services on part of his daily rounds. Our first stop was at a foreclosed home in Humboldt Park, just past three police cars parked in the middle of the block. There was a Police Observation Device a/k/a blue light camera on the corner. The northeast ...

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Posted by Joe Zekas on April 24, 2014
ChicagoNorthwest Side

Obscure Chicago neighborhoods – Brynford Park

Brynford Park

Brynford Park is an easy-to-overlook, tiny pocket of Chicago’s North Park neighborhood. The neighborhood takes its name from its southeastern corner intersection of Bryn Mawr Ave and Pulaski Rd, formerly Crawford Ave. Brynford Park is a mere six square blocks hosting just over 100 1920s-era homes, many in a Dutch Colonial style on 30-foot and ...

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Posted by Joe Zekas on March 24, 2014
ChicagoNorthwest Side

A corner 3-bedroom on the boulevard in Logan Square

2623 W Logan

Unit 1W at 2623 W Logan Blvd is a bright corner 3-bedroom, 2-bath with a number of great features. The home boasts a huge living dining area open to the kitchen, 10 ½ foot ceilings, a fireplace, an unusually large amount of storage space, a walk-out patio and parking. The home has a terrific kitchen ...

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Posted by sponsored post on January 7, 2014
ChicagoNorthwest Side

Edgebrook Glen projects 30 new single-family sales in 2013

Edgebrook Glen

Edgebrook Glen, a development of 64 single-family homes in Jefferson Park, launched about 7 years ago, and it’s been nearly two years since our last visit to the site. At the time, we mocked what we considered a severe disconnect between the reality of the project and its marketing. Yesterday’s email brought a lengthy “news ...

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Posted by Joe Zekas on December 6, 2013
ChicagoNorthwest Side

Slow progress on Chicago Avenue condos

2424 Chicago

When I stopped by in early August, picture above, the 8-unit condo building at 2424 W Chicago Ave was nearly topped out. Yesterday’s visit showed less progress than I’d expected after the passage of three and a half months. Work was in progress, but the building still wasn’t fully closed in. A sign on the ...

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Posted by Joe Zekas on November 21, 2013
ChicagoNorthwest Side

Wide and sunny townhomes at Cornelia on the Park

Cornelia on the Park

A furnished model just opened at the rapidly-selling Cornelia on the Park townhomes, 3022 W Newport in Chicago. The wide home is unusually bright and sunny for a townhome. It boasts high ceilings and a very high level of finishes. in an open floor plan that is ideal for entertaining. The home has 3 bedrooms ...

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Posted by sponsored post on October 1, 2013
ChicagoNorthwest Side

Phase I of Cornelia on the Park sells pre-construction

Cornelia on the Park

Five of the six new townhomes nearing completion at Cornelia on the Park have sold pre-construction. The sixth home is the furnished model for the remaining units in the development, 3-bedroom plus den, 3-bath townhomes priced in the mid-$400s. I stopped by the grand opening party yesterday evening to check out the model, which was ...

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Posted by Joe Zekas on September 19, 2013
ChicagoNorthwest Side

A hot pocket of new homes in Humboldt Park

1707 N Whipple Chicago

Despite the hot market, it’s still a bit premature to be talking confidently about hot neighborhoods. And, however heated the market might become, it will always be a stretch to tag an entire neighborhood as hot, given how heterogeneous most are in character and housing types. Neighborhoods where activity is mostly frozen can contain hot ...

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Posted by Joe Zekas on August 8, 2013
ChicagoNorthwest Side

Extraordinary new townhomes at Cornelia on the Park

Cornelia on the Park

The townhomes under construction at Cornelia on the Park boast extraordinary access to outdoor space. The homes are arrayed around a private park, with a second-level deck fronting the park, and Juliet balconies off the kitchen and master bedroom. The 20-foot wide homes have 3 bedrooms, a den, 3 full baths, a 2-car garage, an ...

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Posted by sponsored post on August 1, 2013
ChicagoNorthwest Side

Thirty new units headed for Irving Park

3408-34 Milwaukee Ave

Building permits were issued last week for the construction of 5 3-story 6-flats on a large tract of vacant land at 3408 – 3434 N Milwaukee Ave. We’ve placed calls, but have been unable to determine whether the units will be for sale or for rent. When we stopped by on Friday there was no ...

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Posted by Joe Zekas on July 29, 2013
ChicagoNorthwest Side

Avondale Closeout still not closed out

Avondale Closeout

Back in October of 2010 Red Seal Homes held a grand opening event for its curiously named Avondale Closeout development. Plans called for 19 homes base-priced from the $560s to the $600s, with a first phase of 9 homes. Since that time, according to Redfin data, two homes have sold. A 5-bedroom, 3 ½ bath ...

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Posted by Joe Zekas on June 18, 2013
ChicagoNorthwest Side

Mayfair Crossing sold out after nearly seven years

4200 block N Kilpatrick

It was nearly seven years ago when we first took note of Mayfair Crossing, a development of 26 3- and 4-bedroom single-family homes along Kilpatrick and Berteau priced at the time from the $500s to the $700s. Two years later 21 of the homes were still available, with four different floor plans priced from the ...

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Posted by Joe Zekas on June 11, 2013
ChicagoNorthwest Side

Construction underway at Cornelia on the Park

Cornelia on the Park

Two townhomes were under construction at Cornelia on the Park when I stopped by the site late last week. The 3-bedroom plus den, 3-bath, 3-story units have two-car garages and are priced from the mid-$400s. The site plans offer a variety of options, including configuring the den as a fourth bedroom, adding a second-level powder ...

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Posted by Joe Zekas on May 21, 2013
ChicagoNorthwest Side

ABC 7 visits Jefferson Park

Taste of Polonia

ABC Channel 7 recently visited Jefferson Park and broadcast the above video overview. In many ways, Jefferson Park hasn’t changed since our now-defunct New Homes Magazine visited the neighborhood back in August of 2005. Real estate prices, of course, have changed, and one of the condo projects mentioned in our article became a rental building. ...

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Posted by Joe Zekas on May 9, 2013
ChicagoNorthwest Side

Luxury condos mix with affordable housing in “West Wicker Park”

North and Talman

It was November of 2008 when YoChicago first looked at the new condominiums at 1555 N Talman in Humboldt Park, and expressed skepticism about the development’s claimed location in “West Wicker Park.” The building was incomplete at the time, and a 2-bedroom unit was listed in the $490s and a 3-bedroom in the $640s. Fast ...

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Posted by Joe Zekas on March 15, 2013
ChicagoNorthwest Side

A video look at Portage Park

Portage Park

You may or may not have noticed that ABC 7 has cancelled 190 North. The last show will air on March 31, and it will be missed by Chicago neighborhood buffs. A good introduction to 190 North is Lou Canellis’ high-energy video tour of Portgage Park, a popular northwest side neighborhood. The neighborhood’s been in ...

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Posted by Joe Zekas on March 6, 2013