Chicago Real Estate Blog

Exhibit on Superior Apartments For RentConstruction for one of River North’s newest apartment towers has officially wrapped up, meaning it won’t be long before future residents start moving into the new 34-story high-rise dubbed Exhibit on Superior. 

Designed by Chicago-based bKL Architecture, Exhibit on Superior adds 298 more apartments to the already-crowded River North rental market, which range from studio to full-size three-bedroom units. With a development cost of $113 million, Exhibit on Superior is also one of the larger rental projects to be developed in this part of downtown over the last 12 months or so, but along with all those new apartment residences, the building also features tons of amenity space, 14,500 square feet of retail space, and also garage parking for 109

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Lofts tend to represent some of the hottest residential properties on the downtown Chicago real estate market, often selling in the shortest amount of time and for the highest sales-to-list price ratio of any residential category. In most cases, anybody who buys a Chicago loft often goes into the home buying process specifically looking for a stylish loft-style condo to call their own, and if you’re somebody who happens to still be looking for that perfect loft residence here in the heart of the Windy, we’ve got the lowdown on just where to keep searching. 

If you’re even the least bit familiar with the downtown landscape, it shouldn’t be of much surprise that the West Loop currently has the most inventory currently on the market, which at the time of

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Luxury Lofts For Sale in ChicagoThink you might be in the market for a new luxury loft in or around downtown Chicago in 2017? If so, you’ll likely find the available inventory is a little tight right now, especially among lofts for sale over $1 million

The good news for most luxury loft buyers out there, however, is that despite limitations of what’s currently on the market, each of the few ultra-luxe lofts that are presently listed truly feature everything you could want in a lavish new living space, and probably then some. 

As of today, the last day of 2016, just four lofts in Chicago are priced at or over $1 million, which are actually spread out over the South Loop, River North, and even the Gold Coast believe it or not. From a loft-style condo at 4 E. Elm to an insane

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Downtown Chicago DevelopmentIf you haven’t noticed all the cranes scattered around the Chicago skyline in 2016, chances are you’ve been living under a rock. After a slow climb out of the most recent housing downturn, new construction made a huge comeback around downtown Chicago over the last 12 months, especially when it comes to large-scale high-rise developments right in the heart of the city. 

Just recently, the Chicago Tribune summarized what’s currently still coming through the pipeline, which if you haven’t been paying attention, is a whole lot of new additions to the Windy City’s already broad skyline. Here’s a quick look at some of the residential high-rise developments currently underway in Chicago’s most sought-after neighborhoods: 

1333 S. Wabash 

1333 S. Wabash

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The Stanton Condos ChicagoAs we inch closer to 2017, new construction condos in Chicago are still lacking somewhat from an inventory standpoint; but if you’re looking for a unique opportunity in a boutique building-setting, there are still several opportunities available at The Stanton. 

A quietly developed building, The Stanton is a small, 14-unit luxury building that’s located just outside of Old Town and River North, just steps from the new Target over in Cabrini-Green. Officially situated over at 1317 N. Larrabee, The Stanton offered a variety of three and four-bedroom condos when first built, providing future residents ample living space and units that no doubt feature highly-attractive, top-of-the-line finishes throughout. 

Included in the original developers package

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Chicago Home SalesAccording to recently released numbers from the Illinois Association of REALTORS®, home sales all throughout the Chicago area saw significant gains in November compared to this year. It the entire 9-county region, the market saw just under 7,000 sales last month, which is up a jaw-dropping 16% compared to November 2015. 

With sales still booming, inventory, however, continued to decline and is down by 17.5% from just one year ago. The good news, though, is that the spike in sales during what’s usually a relatively slow time in the marketplace continues to show housing demand is strong all over Chicago. 

But with mortgage rates climbing and low inventory continuing to push home prices up, which should continue over the first quarter of 2017, we could

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If you’re thinking about buying a Chicago condo soon, there’s certainly much more to consider than just location and price. As a Chicago condo specialist, my team and I help so many buyers each and every year find a condominium residence that fits the needs and wants of each individual buyer, which also means walking them through the process of determining what makes each potential unit a savvy investment. So before signing on the dotted line, here are a few things to keep in mind when buying a condo in Chicago

Consider re-sale history 

First, schedule a consultation with me to review which Chicago condo buildings might feel like a good fit. Then once we narrow down your preferences, we’ll analyze the re-sale history and how long it takes to sell

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Home Prices in ChicagoAfter two years of rising home prices and homes selling at a lightning fast pace, some projections have 2017 bringing somewhat of a slowdown to the Chicago area real estate market. The good news for anybody looking to sell their home or condo in 2016, though, is that home prices throughout Chicago are expected to continue to climb, only at a relatively slower pace. 

What could, and most likely will, bring a slowdown on the sales side of things are rising mortgage rates, which are now at the highest level we’ve seen since 2014. In addition, low inventory could also negatively impact the Chicago real estate market heading into next year, which on the flip side, could help keep the rental market red hot over the first half of 2017 and maybe even beyond. 

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A new proposal recently made headlines that could possibly bring 252 new apartments to Chicago’s highly-coveted Old Town neighborhood. According to a recent report from Curbed, the Chicago Plan Commission has approved a new, large-scale development that would ultimately replace Old Town’s Noble Horse Theatre if built. 

An initial rendering has already been released of the possible project by developer LG, and the project’s design is apparently from Chicago-based NORR Architects. Located at 1415 N. Sedgwick, the proposed transit-oriented development would ultimately stand seven stories high, and as mentioned, include 252 new apartment residences. The project would also include 89 parking spaces, but given its close proximity to a CTA station less than

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One Bennett Park Condos For SaleOne Bennett Park is easily one of downtown Chicago’s most high-profile buildings to be announced since the latest construction boom started a couple years ago. Being developed by Related Midwest, there’s hardly a more elegant high-rise currently in the pipeline than One Bennett Park, which is just one of many reasons why it’s so highly-anticipated. 

Until recently, the only glimpse we’ve had of this magnificent Robert A.M. Stern-designed tower was from just a couple exterior renderings, which to some degree, has been more than enough to satisfy our curiosity. But as construction continues and we slowly inch closer to One Bennett Park making its presence felt in Chicago’s already broad skyline, additional renderings of the building’s interior have now

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