In a recent article by Alby Gallun that appeared in Crain’s Chicago, renting can cost about $300 more than owning in one River North tower. While there are a lot of variables including the terms of the mortgage and neighborhood, rents have certainly gone up quite steeply in the last few years, mortgage rates remain […]
Entries Tagged as 'chicago real estate market'
Crain’s Chicago Predicts New Downtown Chicago Condo Construction
August 21st, 2013 · No Comments · chicago loop downtown, chicago real estate investment, chicago real estate market
In an article entitled “Let’s Get Ready to Condo“, Crain’s Chicago predicts that as developments from years ago finally start selling out, new downtown Chicago condo construction is sure to follow. I’ve actually been involved in helping to sell out some of the those condo projects lately including Trump, 2550 N. Lakeview (Lincoln Park 2550), […]
Tags: 235 W Van Buren·Chicago Trump Building·Lincoln Park 2550
Over One Hundred Chicago Properties Sold or Rented
July 8th, 2013 · No Comments · chicago real estate market, real estate investing, what's on the market
I noticed on my new FindHomeChicago.com real estate search engine under “Properties I’ve Sold” it lists 101 properties. This also includes rental listings. Note that I frequently work on the buyers (or renter’s) side, so in terms of total number of deals completed, it’s probably more like 300 or 400 satisfied clients. Looking to make […]
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Latest Case-Shiller Data Shows Chicago Home Prices Up 9% vs. Last Year
June 25th, 2013 · No Comments · chicago real estate market
The April numbers are in and Chicago’s home prices are up once again. The data shows residential real estate up 9% in April 2013 vs. the same time last year. This is the sixth consecutive month of price increases. Whether you are looking to buy or sell, I do think that now is a good […]
Chicago Condo / Home Prices vs. Last Year and vs. Five Years Ago
June 20th, 2013 · No Comments · chicago real estate market
Check out this interactive map. http://www.chicagobusiness.com/article/20130615/ISSUE01/130609972/are-home-prices-in-your-zip-code-going-up-or-down You can see prices are up in large swaths of the Chicago area, but down in others. It seems the Near West suburbs like River Forest and Elmwood Park have rebounded the most in the last year, and far flung suburbs that may have overbuilt during the peak such […]
Tags: chicago listing presentation·chicago market by zip code·elmwood park·frankfort·harvard·orland park·river forest
Chicago Downtown Developers Switching Back to Selling Instead of Renting
June 20th, 2013 · No Comments · chicago downtown rental, chicago real estate investment, chicago real estate market, real estate investing, rental buildings
A couple years ago, it was quite common to see projects being switched from all Condos to all Rentals or a mix. Now, the pendulum is swinging back the other way. Inventory of condos available for sale downtown is quite low, less then 800 units are for sale right now, down from a peak of […]
Tags: 1400 N. Lake Shore Drive·1555 S. Wabash·400 N LaSalle·chicago rental market·condo rental conversion·Flats on LaSalle
Only Two Units Left at the Park Monroe – 65 E. Monroe; Downtown Inventory Being Snapped Up Quickly
June 4th, 2013 · No Comments · chicago loop downtown, chicago real estate market
The Park Monroe at 65 E. Monroe St is suddenly on the verge of selling out! You have to wonder if the recent upturn in the real estate market caught them by surprise and they could have priced units a little higher. In any case, I have shown this building several times and I can […]
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Chicago Real Estate Prices/Values Soaring
May 28th, 2013 · No Comments · chicago real estate market
I am not surprised based on my own experience, but yes it’s official. Chicago real estate prices jumped 8% in March vs. last year, the largest increase in more than half a decade. Some in demand buildings downtown have snapped back much more sharply. Read more on Crain’s. If you’ve been waiting to list, now […]
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Market activities in New Eastside, Including Lakeshore East
March 2nd, 2013 · No Comments · chicago real estate market, new eastside
Currently there are 52 active listings on the market at the New Eastside, including the Lakeshore East neighborhood. The listing price is between $245k for a one bedroom at the 400 E Randolph to $2.1m a three bedroom at the 340 E Randolph. Only one unit is short sale, which is unit 5109 at the […]
Tags: active listings at the new eastside·closed units at the lakeshore east·current market at the lakeshore east
