March 2017

Found 6 blog entries for March 2017.

Chicago Apartments According to new data released from Zumper, River North features the most expensive rent prices for a one-bedroom unit of any location in Chicago. Zumper, a full-service apartment and rental platform, analyzed rent prices all over Chicago and one-bedroom units in the River North neighborhood for the month of March settled at $2,175. 

As for the city’s overall median rent prices, one-bedrooms in Chicago were listed at $1,730 in March, while two bedroom rentals priced at $2,280, which is about a 10% drop for a two-bedroom compared to March of 2016. 

Both Streeterville and the West Loop weren’t far behind River North in terms of rent prices, as both registered a price of over $2,000 for a one-bedroom apartment in March. In other downtown neighborhoods,

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So far in the early part of 2017, home sales across the state of Illinois are on the rise. According to the most recent data from the Illinois Association of Realtors, the number of sold homes is up 9.3% compared to this time last year, and homes across the board are also selling at a faster pace as well.

What’s even more surprising is that as more homes are selling, and at a quicker rate, home prices are also on an upward trend, jumping 12.4% compared to February 2016. Most industry experts are attributing a low housing supply to both the rise in home prices and the pace at which homes are selling, and in most cases, buyers are also looking to buy sooner rather than later to avoid a hike in mortgage rates, which is widely expected to continue throughout

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Downtown Chicago New ConstructionLarge scale development has been on the rise all throughout Downtown Chicago for a couple years now, but according to a recent report from the Wall Street Journal, the Windy City is seeing one of the highest levels of residential high rise construction of any place in the country. In fact, Chicago is reported to have more active cranes throughout its skyline than 11 other major cities in the U.S., only trailing Seattle by the slightest of margins. 

As noted in the piece, Chicago had 31 active cranes perched up in the sky working on residential projects specifically as of last November, and 62 construction cranes if you include both residential and commercial development. 

At the time, the volume of construction cranes in the city set a

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Almost everybody enjoys checking out a series of before and after photos, especially when it comes to home improvement projects, new development, or just about anything real estate-related. If you’ve been living here in Chicago the past several years, chances are you’ve noticed tons of development going on, especially right now when over 60 cranes currently dot the city’s rapidly expanding skyline. 

In the last 30 to 40 years, Chicago has seen more than its fair share of changes, and the city skyline, which was already impressive back in the late 1970s and early 80s, has expanded to be one of the most broad and recognizable in the entire world. But for many of us who are either too young or didn’t happen to live in Chicago back then, we only know

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According to a recent report from Curbed, a New York-based developer is hoping to build a new 725-foot tower right in the heart of River North, which is an ambitious new plan that would also require demolishing a number of 19th century Italianate buildings at the development site, 42 E. Superior. 

If approved, Symmetry Property Development would be building a 60-story tower at 42-48 E. Superior that could include up to 216 hotel rooms, 120 hotel timeshare units, 246 condo residences, 30,000 square feet of retail space, and parking for up to 325 vehicles. 

As of now, one major concern about the project, outside of the demolition of the two vintage buildings, relates to the growing number of parking garage podiums that are undeniably starting to

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Both new development and home prices across the board are on the rise in Chicago, which is a clear indicator of how strong the market is heading into the busy spring season. And unlike in so many markets across the country, inventory isn’t quite as much of an issue here in the Windy City, as long as we’re not talking about new construction condos situated in the heart of some of downtown’s most sought-after neighborhoods. 

But if you’re not looking for new construction, or perhaps are currently priced out of what new construction condos typically list for around Chicago, there are still plenty of options and opportunities available at price points that won’t break the bank. 

In Streeterville specifically, buyers will actually find a great mix of

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