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Rent vs own

ChicagoDowntown / Loop

New South Loop condos near dozens of dining and drinking venues

Giordano's

Imagine having dozens of dining and drinking establishments within a few blocks of where you live. Imagination will mirror reality for residents at 1345 Wabash, the first new high-rise condos built in the South Loop in half a dozen years. There’s a fabulous restaurant / bar cluster on the same block as 1345 Wabash, just ...

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Posted by sponsored post on October 17, 2014
ChicagoDowntown / Loop

New South Loop condos rising rapidly

Local 1 Ironworkers

The 16-story, 144 unit condominium building at 1345 Wabash has passed the 9th floor and is on target to top out a month from now. First occupancies at the building are expected early in 2015. Local 1 Ironworkers took a few seconds break from assembling reinforcing forms yesterday to pose for a picture. 1345 Wabash ...

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

New South Loop condos more than one-third sold

1345 S Wabash

Construction lenders made an extraordinary vote of confidence in 1345 Wabash when they green-lighted the new condo community without a pre-sale requirement. 1345 Wabash offers an attractive value proposition: high-style, affordably-priced condos in a stellar South Loop location by a developer with a strong track record. Buyers have recognized the value and rewarded the lenders’ ...

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Posted by sponsored post on October 3, 2014
ChicagoDowntown / Loop

Craft beer and condos in the South Loop

South Loop Market

If you want to indulge your craving for craft beer close to home, check out the new condos at 1345 Wabash in the South Loop. There are dozens of bars and restaurants serving up local beers within a short walk of 1345 Wabash, but several are standouts in the suds department. The Scout Waterhouse is ...

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Posted by sponsored post on September 26, 2014
ChicagoDowntown / Loop

Affordable South Loop condos with designer finishes

1345 S Wabash

CMK has developed a following among buyers who want to live in an architecturally distinctive building. 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, for ...

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Posted by sponsored post on September 18, 2014
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