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Rent vs own

ChicagoDowntown / Loop

Own a new South Loop condo for far less than rent

1345 S Wabash

CMK Companies‘ 1345 Wabash, the first new-construction condominium in the South Loop in years, offers buyers a compelling value proposition: a high-style, architecturally-distinctive home in a prime location for substantially less than the cost of renting. A new 2-bedroom, 2-bath condo at 1345 Wabash can be purchased for $305,900. Buyers can currently lock in 30-year ...

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Posted by sponsored post on August 29, 2014

Why is the under-35 generation renting rather than owning?

K2 pool

The US Census Bureau recently released data showing that the rate of homeownership among people under the age of 35 has been in a steady decline in the past half-dozen years. The ownership rate stood at 41.3% in the first quarter of 2008 and dipped to 35.9% in the second quarter of this year. That ...

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Posted by Joe Zekas on August 6, 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

1345 Wabash raises the bar on South Loop style

1345 S Wabash

CMK has always been known for developing architecturally-distinctive buildings that enliven their surroundings. At 1345 Wabash, CMK is setting a new standard for interior finishes and attracting a style-conscious buyer who also wants a strong location and value pricing. 1345′s finishes will include brands typically found in pricier homes: Florense cabinetry, Duravit floating vanities, Grohe ...

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Posted by sponsored post on May 16, 2014
ChicagoDowntown / Loop

Own a new South Loop condo at 1345 Wabash for less than rent

1345 Wabash

1345 Wabash is the first new-construction condominium in the South Loop in years and it offers buyers a compelling value proposition: a high-style, architecturally-distinctive home in a prime location for substantially less than the cost of renting. If you purchase a new 1-bedroom at 1345 Wabash for $225,900 with 90% financing at 4.335% your total ...

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Posted by sponsored post on May 9, 2014
ChicagoDowntown / Loop

1345 Wabash wins on rent vs own analysis, but that’s the least of it

1345 S Wabash

CMK Companies‘ 1345 Wabash, the first new-construction condominium in the South Loop in years, offers buyers an almost irresistible value proposition: a high-style, architecturally-distinctive home in a prime location for substantially less than the cost of renting. A new 2-bedroom, 2-bath condo at 1345 Wabash can be purchased for $305,900. Buyers can currently lock in ...

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Posted by sponsored post on May 2, 2014
ChicagoDowntown / Loop

Owning cheaper than renting at Loop’s 235 Van Buren

235 Van Buren buyer video

When I met with CMK Realty the other day I left with case studies comparing the costs of ownership and rental for 1- and 2-bedroom units at 235 Van Buren. Here’s the scenario for the purchase of Unit 1419, a 1,048 square foot 2-bedroom, 2-bath that also has a 35-square foot balcony. The case study ...

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Posted by Joe Zekas on September 14, 2011