Two separate reports show that it's easier to afford a home now than it has been historically, although with interest rates going up that could change quickly. Despite a rapid run-up in prices in 2021 that has shrunk affordability around the country, homes in much of the Chicago area are easier to afford than they have been historically,...
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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...
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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 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
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