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 'rental buildings'
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
Columbus Plaza is Possibly the Best Deal for Downtown Chicago Rental Buildings
June 10th, 2013 · No Comments · chicago downtown rental, chicago loop downtown, new eastside, rental buildings, what's on the market
I have had several clients pick Columbus Plaza over the years and two just last week, so I thought it’s worth commenting. Columbus Plaza at 233 E. Wacker is probably the best deal for a rental building in the New Eastside neighborhood if not all of downtown Chicago for several reasons. The prices are very […]
Tags: 225 E. Wacker·233 E Wacker·best deal chicago downtown rental·chicago rental agency·chicago rental agent·columbus plaza·columbus rental·inexpensive downtown chicago rental