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Chicago Real Estate Blog 

Keep up with information from the Chicago Real Estate Scene. The latest on everything from Mortgage rates,  new developments, to cool places to live and maybe some decorating tips. Enjoy...

 

Articles

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    Where to see holiday light displays in and around Chicago

    Take a walk or a drive through the Chicago area's most stunning holiday light displays Christmas is still weeks away, but somewhere between Halloween and Thanksgiving, large swaths of the city get decorated with millions of twinkling bulbs. If you’re ready to embrace the holiday season, you can begin checking out some of the...
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    Co-Buying Has Skyrocketed in Last 7 Years

    Millennials are pooling their finances with roommates, friends, and significant others to buy a home together. The number of home and condo sales by co-buyers is increasing. The number of co-buyers with different last names surged by a whopping 771% between 2014 and 2021, according to research from ATTOM Data Solutions. The trend has...
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    Want to buy a home? Illinois will pay off your student loans!

    The Illinois Housing Development Authority is putting $25 million toward paying down student debt so young adults can "put down roots in Illinois," the agency's director says. With burdensome student loan debt often cited as the reason young adults postpone buying homes, an Illinois agency has begun paying off student...
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    Perspective | How buying a new car can affect your ability to purchase a home

    Q: I’m in the process of buying my first car (researching, calculating finances) and I wanted to ask what your advice would be as I currently have no credit history. After I buy a car, I’m going to start looking for a home. How do I best establish my credit? Alternatively, are there other options available to me so I can...
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    Mortgage Rates Expected To Fall Further As Investors Flee To Bonds Over Coronavirus Fears | Bankrate

    Current economic issues linked to Coronavirus fears may have made this the most opportune time to take advantage of low mortgage rates. Investors are fleeing to safe-haven investments amid renewed coronavirus fears, sending 10-year Treasury yields sharply lower and this, in turn, will push U.S. mortgage rates to new lows. On March,...
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    What the Fed's Interest Rate Cut Means to Borrowers

    The quarter-point drop, the first since 2008, should keep rates low on most mortgage loans August 1, 2019 — Chicago, IL — Yesterday, the Federal Reserve announced that it would cut interest rates for the first time in over a decade. What does this mean for people who are in the market for a new home or are looking to refinance...
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    Apartment Complex Replacing Avondale's Red Apple Buffet Calls For Rents Between $2K and $2.5K, No Affordable Units

    Some neighbors took issue with the rent prices, saying longtime residents can't afford it. "To be perfectly blunt, no family can afford $2,500 a month in this neighborhood," one said. AVONDALE — The team behind the Red Apple Buffet redevelopment project laid out their plans for the site at a community meeting Tuesday...
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    Red Apple Buffet Closes After 30 Years In Avondale To Make Way For New Condo Building

    The all-you-can-eat restaurant on Milwaukee was known for its wide array of cheap Polish food. "All of the developers are coming into Avondale," the owner said..... LOGAN SQUARE — Red Apple Buffet, one of Avondale’s go-to Polish restaurants, has closed after 30 years on Milwaukee Avenue. The all-you-can-eat restaurant...
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    Starting Saturday, 2,500 Scooters Will Hit The Streets Of Chicago.

    The city is letting 10 vendors operate 250 scooters each for the next four months.  .  CHICAGO — Starting Saturday, Chicagoans can hop onto electric scooters to get around the city — and there will be many options. On Tuesday, the city announced it would grant permits allowing scooter companies including Bird,...
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    Lincoln Square Living

    NEIGHBORHOOD VIBE :  Lincoln Square apartments are in a charming community with a solid mix of single family homes, 2 and 3 flat apartments, and medium-sized apartment buildings, making Lincoln Square a cozy neighborhood for apartments without being overly dense.  Great local shopping, lots of restaurants and pubs all within...
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    Burt's Place Owner Looks To Open A Bigger Pan Pizza Paradise In Old Irving Park

    “I'm a big believer in not making any small plans. I really want to make this a signature property there," the owner said. IRVING PARK — Legendary Morton Grove pizzeria Burt’s Place is coming to Chicago — but its owner says there’s still a lot of work to be done before you’ll be enjoying...
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    St. Charles - Pheasant Run Home & Garden Show

    The Pheasant Run Home & Garden Show will feature nearly 40,000 sq. ft. of the latest products and services to remodel, repair & beautify your home, inside and out!  And we are proud to offer you such an amazing event with FREE Admission and FREE Parking. AND this Massive Home Show is held entirely indoors, so come on out,...
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    Irving Park Monthly Stats - Feb 2019

    It is worthwhile to mention the weather when discussing residential real estate for large portions of the U.S. for February 2019, because this month has turned in some impressively cold, rainy and snowy days that have stalled some buying and selling actions, including the Chicago area. Nevertheless, housing markets have proven to be...
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    Bold New Belmont Blue Line Station Opens

    The CTA has finished work on the redesigned Belmont Blue Line station in the Avondale neighborhood, a $17 million project that includes a dramatic blue canopy. The completion of the station is the biggest project so far under the $492 million “Your New Blue” program to modernize and improve the O’Hare Branch of the...
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    Move Over 606, the 312 RiverRun Trail is on its way

    IRVING PARK — It used to be Chicago's defining area code. Now 312 has a new meaning. The 312 RiverRun is three parks, connected by a single path that stretches for nearly 2 miles on the Chicago River, from Belmont to Montrose. "It combines the Riverwalk and the 606 into something new," said Emanuel. Elements of the...
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    Construction Of New Irving Park Bridge Over Chicago River Begins Thursday

    Once the project — including a path under the bridge — is complete, it will allow for a continuous path from Belmont Avenue to Montrose Avenue along the river. ---- IRVING PARK — A project to replace the 100-year-old Irving Park bridge over the North Branch of the Chicago River will begin construction Thursday, launching...
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    NEW - Irving Park Living

    Check out @IrvingParkLiving from FiveStarRealtyServices.com  Irving Park in Chicago is a wonderful place to live, work and play. Participate in this new Facebook Page highlighting life in Irving Park. Check it out now at  http://facebook.com/irvingparkliving  
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    IRVING PARK, CHICAGO MONTHLY STATS

    The National Association of REALTORS® has reported in the last month that national existing-home sales and pending sales are both down in year-over-year comparisons, but that has not been a constant from market to market. While weather-related events have hampered some of the necessary machinations of making home sales, buyers have...
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    Zumper National Rent Report 2018

    2018 WRAP UP & 2019 RENTAL THOUGHTS     2018 saw a plateauing of prices in the most expensive markets as the year is ending with the top 10 cities remaining relatively unchanged since January. Smaller markets have been playing catch up with bigger markets all of 2018, with many mid and lower tiered cities experiencing...
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    Protecting Yourself from Charity Fraud

     It’s evening, you just sat down for dinner, and the phone rings. It’s a call from a charity asking you to make a holiday season donation for the needy. You want to be generous, but something about this call doesn’t seem quite right. You’re suspicious. You should be. “Charity scams” - people...
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    FREE RENT at The Emerson in Oak Park

    A wonderful home in an amazing community with an astonishing quality of life.... The Emerson of Oak Park. Cabanas and a heated rooftop swimming pool paired with skyline views of Chicago mean bliss isn’t hard to find. Work out... Chill out. Kick back in the Club room lounge or work out in your very own cutting-edge fitness center...
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    JUDGMENTS BUYERS MAKE IN THE FIRST 30 SECONDS

    You’ve probably heard the expression, “You don’t get a second chance to make a first impression.” When it comes to selling your home, that is definitely true. In fact, a buyer will come to several conclusions about your property within the first few minutes of seeing it. That’s why it’s so important...
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    FIVE PLACES TO GO IN CHICAGO

    Chicago’s storied Uptown neighborhood has emerged from a decades-long slump with new restaurants and cultural centers. For decades, Uptown, one of Chicago’s most storied neighborhoods, struggled to regain its early-to-mid-century luster when jazz and swing musicians dominated the music scene and ornate movie halls catered...
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NOW OPEN
MiCA

where Milwaukee meets California

 

Full DETAILS


GREAT DEALS at Halsted Flats - 3740 N Halsted
1st Month FREE

Convertibles from $1,614 
1 Bedroom from $2,056 
2 Bedrooms from $2,926


These prices are excellent, add a free month and you have a steal. 

At Halsted Flats you'll find an upscale environment perfect for professionals in the bustling Lakeview community. Relax by the heated pool on the sundeck, grab a coffee in the wired clubroom, or meet friends and neighbors onsite for a cookout. This new property ofers a fun and exclusive lifestyle within steps of Lake Michigan.

Prices and offers change all the time.

Check here for latest offers or call us at 773-961-7962

Call 773-961-7962 for an appointment to view


 

NEW in the South Loop 
ONE333

1333 S. Wabash Ave., Chicago 60605

 
1333 Wabash is designed for the the dedicated urban dweller by Chicago Architect Brininstool + Lynch. While the exterior of the building is visually stunning, the interior residences are modern, warm and welcoming. Nothing has been sacrificed in delivering these upscale Chicago apartments. From the moment you walk through the door, you'll know you are home.
 
TAKE COOKING TO NEW HEIGHTS
The kitchens at 1333 South Wabash where created for the chef who loves a clean European-style workspace. With ample room to move around they're perfect whether you're entertaining a group or simply treating yourself to a home-cooked meal. Each unit offers European-style Florense flat panel cabinets, finely crafted quartz countertops, stainless steel appliances and large single basin sinks.  Bon appetite!
 

 
INTERIORS - DESIGN IS IN THE DETAILS
1333 South Wabash exemplifies modern design leading to contemporary interior features. Each apartment comes with soaring ceilings and exposed concrete surfaces that provide an usrban ambience. The rental residences are 21st century modern with keyless entry and solid core doors, brushed chrome hardware , floor to ceiling windows that showcasr the picturesque Chicago skyline and lakefront, modern light fixtures that illuminate across the sustainable laminate floors, and in-unit washer/dryers in every residence. They thought of it all at 1333 South Wabash.
 
STEP UP TO THESE VIEWS
Chicago has a skyline all its own. Find beauty just outside your windows with captivating city views that let you take in the sweeping skyscrapers, historic buildings, majestic blue waters of Lake Michigan, and scenic Midwestern sunrises and sunsets. With views like this, you’ll want to pinch yourself every day.
 

 

 

Monika is at 1333 S Wabash in the bustling S. Loop

This new 28 story new construction 307 unit building will have studios, one bedroom, two bedroom and three bedroom apartments.
 
 
The apartments feature floor to ceiling windows, washer/dryers, balconies and wood look floors. The kitchens have quartz counters, stainless steel appliances and 42” cabinets.

Amenities include State of the Art Fitness Center with LifeFitness Equipment, Social Lounges with WiFi Demonstration Kitchen with Private Dining Area and a Business Center. Outdoor amenities include a Deck, Chaise Lounge Seating with Parasols and Fire Pit, 3 Custom Built Grill Stations and a Gated Dog Run.

Additionally there is a Controlled Access Resident Parking Garage, 24 Hour Doorman and Secured Access Control as well as Bike Storage, Receiving Room, and Storage Lockers.

Full details and Special Offers next week.

 

 


The "Marquee At Block 37" Opens
 

We are very excited to announce the opening of The Marquee At Block 37 in downtown Chicago.

We had the pleasure of attending the opening event... and it was great. While the food, drinks and entertainment were very nice, they were totally outclassed by the fabulous building. The units have quartz counters, stainless steel appliances, porcelain tile backsplash, full size washer/dryer and much more. The views in many units are extraordinary. The amenities wonderful, even a pool deck with cabanas.




 

But frankly I believe the location is the star. You are right in the heart of Chicago, in Block 37... go in your slippers to the new theaters, or to buy the right pair of shoes for that special evening. From the front door of The Marquee you'll see many theater marquees and a ton of restaurants, saunter to The Art Institute or Millennium Park. Everything is literally at your door.

 


 

Check it out here and ask about the 1 Month Free offer on selected apartments and of course our Move-In Bonus.

We invite you to call us for a tour.

773-961-7962


 

Berwyn and Beverly Are Some of Nation's Best Spots for Flipping Homes

Monday, March 2, 2015, by Patrick Sisson  from Curbed Chicago

[Photo from last year's historic Berwyn bungalow tour by Sean Birmingham via Creative Commons]

Newly released data suggests that while the home flipping craze that spawned so many reality TV shows has slowed down, two different parts of Chicagoland still saw incredible average returns. According to Crain's, in the last quarter of 2014, those trying to quickly buy and sell homes in the south side neighborhoods of Beverly, Morgan Park and Washington Heights saw a 154 percent return on investment, while fixer-uppers in the bungalow belt burb ofBerwyn saw a 150 percent return. The numbers gathered from the research firm RealtyTrac were all the more interesting considering the average Chicago home price rose just 1.3 percent last year, a much smaller margin to work with than in 2013, when prices jumped 11 percent.

 

The article didn't have an exact answer as to why those particular areas did so well compared to the Chicago and national average, showing profits for flippers that rivaled those in other profitable areas codes in Baltimore, St. Louis and Jacksonville. Renovations usually make the difference, but that figure isn't included in the RealtyTrac numbers. The research did say that average home flipped in Q4 2014 sold for $239,583 after bring purchased for $158,645.

·Home flippers score big in Berwyn, Beverly [Crain's]


FHA may scuttle ‘antiquated’ mortgage prepayment penalty

Realtors are cheering a proposal by U.S. Department of Housing and Urban Development to eliminate interest charges imposed after borrowers pay off loans insured by the Federal Housing Administration.
 
Currently, FHA borrowers are charged interest through the end of the month in the month on which they pay off their mortgage. Depending on the payoff date, this forces some borrowers to pay almost an entire month’s interest on loans they no longer have, placing “an unreasonable and often unexpected burden on FHA consumers who already face high housing and closing costs,” NAR President Steve Brown said in a letter to FHA Commissioner Carol Galante today.
 
When selling their homes, borrowers often have a difficult time selecting their closing date, Brown added.
 
“Even when consumers are aware of the pre-payment penalty, they are on the timetable of the buyer, the settlement company, title company and mortgage lender and cannot always close on the last day of the month,” he said.
 
Under the proposed rule, lenders would be prohibited from charging post-payment interest and would only be allowed to charge interest through the date the mortgage is paid. In the letter, NAR said it “strongly supports” the rule and has urged FHA to remove the “antiquated” prepayment penalty ”for years.”
 
Brown noted that HUD is worried that eliminating post-payment interest charges will force FHA lenders to bear the entire cost of interest from the prepayment date to the end of the month and pass the cost onto borrowers, but said that concern was “overstated.”

February Delivered Rising Home Prices Despite Reduced Sales Activity in Metro Chicago Real Estate Market, RE/MAX Report

Residential sales in the seven-county metropolitan Chicago real estate market during February followed a pattern similar to that established in January, with prices rising but the pace of sales slowing when compared to the same month last year, according to an analysis by RE/MAX. Full Story Here

Articles

  • Uptown.jpg

    FIVE PLACES TO GO IN CHICAGO

    Chicago’s storied Uptown neighborhood has emerged from a decades-long slump with new restaurants and cultural centers. For decades, Uptown, one of...
    Read More
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