Chicago Real Estate Blog

Chicago Condo PricesAccording to recently released numbers from Illinois Realtors, the median sales price of a condo in Chicago jumped to $320,000 in August, representing a 5.6% increase from August 2016.

Single-family home median sales prices were also on the rise last month, although only by 2.3% to $230,000, according to the same report.

With inventory still right across the board and prices on the rise, the city of Chicago also saw home sales decline year-over-year in August, dropping by 4.5% from 2,844 sales in 2016 to 2,716 home sales in August of this year.

Along with inventory woes, part of the sales drop could also be linked to student loan debt keeping many Millennials from buying their first home, which could actually be delayed by seven years according

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Andersonville CondosWith a desirable location set between the Uptown and Andersonville neighborhoods, 1470 W Winona, provides an ideal setting for contemporary-style living, supplemented by the convenience of a condo lifestyle. This brand new development sits at the site of a century-old mansion, at one time partially hidden behind a large brick wall along a residential street.

The site looks much different today though, as a modern, nine-unit building now stands at the site, complete with large windows and more current appeal. Ranging in price from the high $500,000s to the high $600,000s, the units of 1470 W Winona range from 1,500 square feet to upwards of 2,300 square feet in size.  

Options include a two-bedroom, two-bath condo or a more spacious, three-bedroom,

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360 W. Schiller Condos For SaleServing up the opportunity for new construction possibilities in Old Town, 360 W Schiller provides contemporary-style residential options in a boutique setting. The future building is set to include only around 50 luxury units, each with three-bedrooms, while a handful of penthouse units will provide for private elevator entrances and rooftop space, generating sensational views of the surrounding area.

Priced starting in the high $800,000s, and with around 1,800 square feet of living space, the condos will include a terrace off the main living area, as well as the master bedroom. The penthouse units at 360 W. Schiller will additionally provide for even larger square footage, with pre-construction pricing set upwards of $1 million for those units.

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An investment firm out of San Francisco has paid $48 million for the bulk of a failed South Loop condo development, according to a recent report from Crain’s. As noted, FPA Multifamily acquired 165 of the building’s 180 total units, and plans to scoop up the remaining 15 units and turn the entire Terrazio building into apartments. 

With downtown Chicago’s rental market perhaps hotter than it’s ever been, many residential developers are looking for similar condo-to-apartment opportunities all throughout the city, hoping to take advantage of such a strong apartment market. 

According to Cook County property records, FPA paid $48.3 million for the 165 units at Terrazio, which as pointed out by Crain’s, is just over the $45.7 million owed on the project

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Seven 10 WestNew details have just been released concerning a new development under construction right now in River West. The project at 710 W Grand Avenue is an eight-story, luxury development, now dubbed Seven 10 West.

Close to the Grand Avenue Blue Line, the mixed-use development will eventually deliver more than 100 new apartments and around 40 parking spaces. As well, the project calls for 5,400 square feet of retail space on the ground level, fronting Grand Avenue.

Seven 10 West will also enjoy some more traditional, upscale amenities such as a private dog run, gas grills and fire pits. The trendy development is one of a number of new apartment projects planned for the area.

Pre-leasing for the new development should begin in late 2017, allowing for the

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With the luxury of sitting right alongside the Chicago River, some of Chicago’s top condo buildings enjoy the convenience of being close to everything in the city, coupled with the enjoyment of sensational water views.

Vista Tower

Promising dramatic views and five-star service, the Vista tower is under construction right now at the meeting place of Lake Michigan and the river. Not only does the location serve up an ideal starting point for reaching some of Chicago’s top recreational amenities and attractions, but also puts it just steps away from upscale dining and shopping.

Including both private condos and a hotel, the property will soon provide access to the Club Vista resident amenity floor, a private setting with an outdoor pool deck, fitness

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Although we’ve seen plenty of recent headlines about people moving away from the Chicago area, a recent migration report from Redfin is telling a different story now. 

According to the national real estate company, people who already live in Chicago seem to be staying put for the time being, as the Windy City apparently had the most loyal residents of any major U.S. metro during the second quarter of 2017. 

The report looked at the online home search activity of over one million Redfin users across 75 cities from April through June, and roughly 92.1% of Chicago users mainly search homes and condos in the same area. 

Detroit and Milwaukee were among cities that registered the highest number of users looking at homes in different cities, and

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Celebrating the luxury of high-end features and upscale finishes, River North is home to some of Chicago’s most impressive condo buildings. Several of the area’s top buildings also feature the advantage of three-bedroom condos, providing extra room and square footage for condo buyers to enjoy.

No. 9 Walton

9 W. Walton

The inspirational elegance of 9 W. Walton extends to its overall design and amenities. The No9 Walton building even features some full-floor homes, with custom designs including marble baths, top rated appliances, heated, hardwood flooring and custom crown molding.

The residential units are complimented by an array of amenities and services, from an indoor lap pool, steam room and hot tub to a full fitness center and available

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In a city where luxury condo units can command top dollar, it’s no wonder that affordable condos are extremely hot right now. That has prospective buyers eager to get into certain developments, especially those offering one-bedroom units.

In popular areas such as Old Town, the proximity alone puts condo buyers close to an eclectic mix of shops, locally owned restaurants and vibrant entertainment. If you’re in the current market for a one-bedroom in Old Town, you cannot go wrong with the affordability, views and amenities that come with a certain selection of area buildings.

1540 N. LaSalle

In particular, LaSalle Terrace provides the luxury of nearly 150 spacious condos in Old Town. Found at 1540 N LaSalle, the condos reside in a 19-story building

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Boutique Lofts ChicagoWith the advantage of open floor plans, soaring ceiling heights and unique design elements, the loft buildings of Chicago invite a unique option to condo living. Some of the top boutique buildings cater to buyers in search of stunning views, convenience and a blend of old and new features, surrounded by modern luxury.

223 Lake Street

With the enjoyment of new construction, the 223 Lake Lofts supply industrial, yet modern style elements in a sophisticated setting. Complimented by direct elevator access to each condo, the loft-style development also adds in heated, garage parking. The Loop location is close to everything too, with upscale dining, shopping and transportation easily within reach. 

With open concept floor plans and up to 3,300 square

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