Chicago Real Estate Blog - February, 2015

The Current Health of the Luxury Streeterville Condo Market

If you’re wondering about the state of downtown Chicago’s luxury condo market, all you have to do is take one good look at the inventory in Streeterville to realize the level of opportunity that exist to current and future home buyers.

As of today, the last day of February,  52 luxury condos for sale are on the market in Streeterville that are priced at $1 million or over. The highest priced condo, Vince Vaughn’s spectacular penthouse unit over at The Palmolive, is listed at $13,900,000, while only one other condo even remotely close to that price point is also available over at 189 E. Lake Shore Drive.

Most luxury Streeterville condos for sale are priced in that $1 to $2 million range, and whether you’re looking for a magnificent vintage unit near the…

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Gold Coast Lakefront Condos For Sale: See What's Available

Chicago's Gold Coast neighborhood has one of the highest densities of lakefront condos in all of downtown. Starting with the historic vintage co-ops that line East Lake Shore Drive to the countless high-rises that run north all the way up to the borders of Lincoln Park, the Gold Coast truly has it all when it comes to impressive waterfront condominium residences in the heart of the city.

Some of my favorite Gold Coast condo buildings on the lakefront include 1000 Lake Shore Plaza, The Carlyle, and 1500 N. Lake Shore, but what really makes living along Chicago’s famed Lake Shore Drive special is that regardless of the building, the unobstructed views of Lake Michigan are absolutely gorgeous.

If you think you might be in the market for a new lakefront…

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Modern Luxury at its Finest at 800 N. Michigan Avenue

While some condo buyers in downtown Chicago are looking for a more traditional living space with character, others seek out units with a much more contemporary look and feel. If you’re in the market for a new downtown Chicago condominium residents and prefer the latter, you might want to take a look at a sleek two bedroom, 2 1/2 bathroom over at 800 North Michigan Ave.

Offered 2270 ft.² of living space, 800 N. Michigan #3301 is certainly unlike most condos you'll see available on the market. Custom stone flooring, amazingly designed sealing layers, impressive accent lighting, and a totally state-of-the-art contemporary kitchen is only the tip of the iceberg when it comes to all the modern finishes and features you’ll find here is amazing Park Tower…

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South Loop Luxury Spotlight: Adler Place

The luxury condo market in Chicago’s Loop neighborhood typically begins and ends with newer construction high-rises that are situated near the lakefront.  new development around the South Loop really didn’t start accelerating until the early to thousands, and up until the housing crash around 2008 it was actually one of downtown Chicago's hottest and most exciting up-and-coming neighborhoods for home buyers to consider.

Since the beginning of the recovery however, South Loop real estate is back on the rise and if you’re looking for a sleek, contemporary style high-rise that offers spectacular common amenities and panoramic views of the beautiful lakefront and Grant Park,  there’s no better option than Related’s Adler Place.

Located at 1629 South Prairie…

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Searching the Newest Condo Listings at Trump Tower Chicago

With the end of winter insight, sort of, the busy spring season is right around the corner and many soon-to-be homebuyers are just now starting to take a closer look at what’s currently available in many of downtown Chicago’s hottest buildings and neighborhoods.

Of course in a city like Chicago, lots of different options present themselves, and whether you’re looking for a luxurious high-rise condo or sprawling single-family home on the north side, finding the right home usually means knowing exactly what it is you want.

If a condo with world-class amenities and only the finest interior finishes is high up on your wish list, starting your search over at Trump Tower Chicago is the only way to go. As one of the Windy City's most recognizable skyscrapers,…

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Looking Ahead to March 2015 Events & Festivals in Chicago

With just one week left of February, we thought now might be a great time to take a look at all upcoming events and festivities taking place in March of 2015. Although the weather next month will likely still be cold, dreary, and maybe even snowy, it’s still a great time of the year to be in Chicago because of all the different fun-filled St. Patrick’s Day and springtime events that happen in neighborhoods all over town.

So if you plan on being in town not only for St. Patrick’s Day but for the entire duration of the month, here’s a look at just some of the things to keep you occupied while we anxiously await that warm, springtime weather.

Chicago Polar Plunge - Sunday March 1st, North Avenue Beach

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FREE Chicago Condo Valuation Tool Just Added to the Website

2015 looks to be a very bright year for the Chicago real estate market and if you're thinking about selling your downtown Chicago condo, we've recently added a feature on the website that will give you at least some idea of what your condo may be worth.

By simply putting in some  basic information about your condo such as address, number of bedrooms, number bathrooms, square footage, and so on you’ll be able to get a basic estimate on your Chicago condos value based on current market conditions and comparable properties in the area.

 So whether you’re on the fence about selling or a party made a decision to test the Chicago real estate market this year,  get your Chicago condo valuation here,  or call Helaine Cohen at (312) 953-0961 for a FREE…

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Luxury Rentals: A Look at Chicago's Most Expensive Apartments Heading Into the Spring

The spring season is traditionally one of the busiest times of the year for the Chicago real estate market, and that doesn’t just include sales. Starting around April and running all the way through the summer, Chicago’s rental market is extremely active, especially among luxury condos in the downtown area.

Trump tower usually has several of Chicago’s most expensive rental listings, but equally pricey units can also be found all throughout the city in neighborhoods like Streeterville, the Gold Coast, and of course River North—where Trump Tower is located.

So as we inch closer to another exciting spring season, we thought now would be a great time to feature some of the city’s most elite rentals on the market, which are featured below. For more information…

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Streeterville Lakefront Condos For Sale: See What's Currently Available

Waterfront condos in any market across the United States are highly sought-after and are usually at a premium, and the lakefront condos in Chicago are certainly no different.  Although hundreds of condominium residences in downtown Chicago offer full or partial views of Lake Michigan, only a couple different neighborhoods are actually considered to be “lakefront.”

Among those neighborhoods is Streeterville—the epicenter of high-rise condos in the Windy City.  From the chic,  newer construction condos at 600 N. Lake Shore Dr. to the extraordinary units housed inside the Lucien Lagrange-designed building at 840 N. Lake Shore Drive, lakefront condos and luxury seem to go hand in hand in Streeterville.

Regardless of budget, if you’re in the market for a…

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Rarely Available 1-Bedroom, 2-Bathroom Now Available at Silver Tower

Despite River North’s Silver Tower housing 229 fabulous condominium residences, it’s actually not all that often a one-bedroom unit hits the market here. Originally built back in 2009, Silver Tower is one of the more stunning high-rise condo developments you'll find not just in River North, but in all of downtown Chicago.

Inside, units typically feature fabulous kitchens that include stainless steel appliances and granite countertops, and lavish bathrooms that boasts marble surrounds and contemporary vanities.

If you love a chic modern-contemporary feel in a living space, there’s no doubt you’ll absolutely fall in love with condos for sale at Silver Tower, and when you factor in all of the common in-building amenities like 24 hour door staff, a…

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