Chicago Real Estate Blog

If you’re thinking about starting a major renovation project in the near future, you’ve probably already started researching how to pay for it. While a cash-out refinance or a home equity line of credit may be helpful, it may not be enough to cover the high cost of renovations.

Another option is a construction loan, but that choice could be complicated. That’s were a new type of home equity loan can help.

The loan is based off a home’s after-renovation value. Owners are able to borrow up to 90-percent. 

The financial technology company RenoFi is helping connect homeowners with credit unions willing to give such loans. Typical customers borrow around $150,000.

It’s another way for homeowners to tackle major renovation projects in a time when

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If you’re thinking about refinancing the mortgage on your condo, it’s not exactly the same as a single-family home. With a condo, you have two sets of loan guidelines. 

The first applies to you specifically, while the other applies to the condo owners’ association. Your owner’s association becomes a third party in the loan refinancing process. 

This is where your neighbors come into play. You won’t want many non-owner occupied rental units or foreclosures in your complex. 

It’s also important that your association’s financials are in relatively good shape. The lender will likely require a condo questionnaire that takes these things into account.

Another thing to consider is the amount of equity you have, which is usually determined by an

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Tribune Tower East CondosSoon to be Chicago’s second tallest building, Tribune Tower East is making some big promises for the future. Here are just a few reasons why luxury condo buyers in Chicago will want to strongly consider buying at the extravagant new Tribune Tower East building.

The amenities

The mixed-use building will eventually house condos, apartments, added amenities and even a hotel. The addition of ground level retail space, a parking garage and some office space will only add to the property’s appeal and convenience. 

The views

The views will surely be spectacular. Nearly three times as tall as Tribune Tower, Tribune Tower East is scheduled to stand more than 1,400 feet high. At 102-stories, it’s sure to deliver some pretty amazing views overlooking

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Webster Square CondosIf you’re thinking about buying a condo in Chicago in 2021, we found three good reasons to buy at Webster Square.

The Location 

The first has to do with its location. The new property sits right in Lincoln Park, which puts residents within walking distance of the zoo, the Conservatory and the lakefront. The property is also close to shopping, dining and entertainment options.

The Amenities

 Another reason has to do with its amenities. Condo owners at Webster Square will enjoy a fitness center, catering kitchen and a rooftop sundeck with sweeping views. In addition, the pet-friendly building offers bicycle storage, a children’s room and a large private courtyard.  

The Floorplans

 Finally, you’re sure to enjoy the distinctive floor plans.

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Rockwell Square Townhomes Logan SquareThere’s plenty to love about the new Rockwell Square townhomes in Chicago’s Logan Square neighborhood. From the upscale features and finishes to the private extras and the location, this new development is certainly appealing.

To begin with, these new luxury townhomes are large and overflowing with upscale extras. The four-bedroom condos come in an open, multi-level design. The townhomes include a quartz breakfast bar on the main level and a spa-like master suite on the third level. 

Another thing to love about Rockwell Square is the long list of private amenities. The townhomes of this property come with a gated courtyard and some dedicated green space. You will also find garage parking and a private rooftop deck.

Of course, the location doesn’t

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Silver Tower Condos ChicagoRising high above River North, Silver Tower offers a range of residential options for buyers and renters, alike. Not surprisingly, there are several good reasons to buy or rent at Silver Tower. 

Floor Plan Options 

To begin with, the more than 200-unit tower provides a number of different available floor plans. Whether you need a cozy one-bedroom, a spacious two-bedroom or a sprawling three-bedroom, the building has a floor plan to fit your needs.

Amenities 

Of course, the amenities are plentiful as well. The property offers its residents access to a 24-hour fitness center, garage parking and two rooftop terraces. In addition, the building provides the option for storage lockers and a pet-friendly environment.

Amazing Location 

Another

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Silver Tower Chicago Right in River North, Chicago’s Silver Tower not only offers an impressive list of amenities and floor plans, but the building itself is a foodie’s dream location.

Bavette’s Bar & Boeuf

One nearby place to check out is Bavette’s Bar & Boeuf. The Chicago steakhouse additionally serves up fresh seafood, chicken and sides. Patrons can also choose from the extensive wine and beer list or dig in to one of the decadent desserts on the menu.  

Gene & Georgetti

Another delightful choice nearby is Gene & Georgetti. This steakhouse has been in operation for nearly 80 years, and serves up your choice of breakfast, lunch or dinner. The restaurant also offers an extensive wine list.

The Franklin Room 

Yet another option close to Silver Tower is The

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Kingsbury Plaza Lofts Chicago High ceilings, oversized windows and fantastic river views are just part of the appeal of living at 1000 N Kingsbury. The property not only offers a prime location near the Riverwalk, but also plenty of impressive offerings.

Close to area restaurants, grocery stores and public transportation, the building is also home to dozens of private units. New and prospective residents can expect to find plenty of upgrades throughout, including open floor plans that make the property ideal for both quiet living and entertaining. 

The varying floor plans of 1000 N Kingsbury often include either one- or two-bedrooms. You will likely find features such as hardwood flooring, stainless steel appliances and private balconies for enjoying some extended living

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Parks near Kingsbury Plaza condos ChicagoWhile easy river access is certainly appealing, the condos of 1000 N. Kingsbury also sit close to several area parks. In fact, many are within walking distance of the condos. 

Durso Playground Park

One especially appealing option for young families is Durso Playground Park. This popular park is full of options, from a playground to a sandbox to basketball courts. At nearly 1.5-acres in size, Durso is a great place to spend a couple of hours or even an afternoon.  

Stanton Park

Another nearby option is Stanton Park. The park’s close to the condos, plus you’ll find around 6.5-acres of fun including an indoor swimming pool, meeting rooms and a gymnasium. The large park also includes a playground, a multi-purpose athletic field, basketball courts

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Restaurants near Bellevue ParkThinking about buying a condo at Bellevue Place in Chicago's Gold Coast? Take a closer look at just some of the top restaurants within blocks of the building's front lobby. 

Tavern on Rush

Many of the best options are only a block away, including Tavern on Rush. The contemporary steakhouse is located right on Rush Street. The place to go for steak, seafood and fresh fish, Tavern on Rush offers carry-out, delivery and outdoor dining. 

The restaurant serves up an exciting dinner menu every day of the week, lunch during the week and brunch on the weekends. It also features a nice dessert and drink menu.

Gibsons Bar & Steakhouse

If you like steak, another great place to try is Gibsons Bar & Steakhouse. In business for about three decades,

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