Chicago Real Estate Blog - September, 2019

Chicago Neighborhoods With Strong 2-4 Flat Multi-Family Home Inventory

Looking for the right 2-4 flat multi-family investment in Chicago? Here are 3 neighborhoods we recommend starting your search heading into the fall season. 

Portage Park

One neighborhood to search in Portage Park. This particular neighborhood has a good variety of multi-family two-flats on the market right now. It’s possible to find one for less than $300,000 in Portage Park, additionally putting prospective new residents close to area shops and green space.

Logan Square 

If you’re searching for a two-flat in Logan Square, you have plenty of choices, as well. The neighborhood currently boasts a strong inventory of multi-family two-flats, with some options attractively priced in the $300,000s. The neighborhood also offers easy access to…

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3 Reasons Why You Need to Consider Humboldt Park During Your Home Search

If you’re in the market for a new home, Chicago home buyers will want to consider Humboldt Park. From its home prices to its neighborhood amenities, we've identified three reasons to consider the neighborhood when looking for the perfect new place to call home in the Windy City. 

Affordability

First of all, Humboldt Park is more affordable than, say, neighboring Logan Square. Some homes in the neighborhood sell for less than $200,000. You’ll also likely find rent prices of less than $1,000 a month.

Location

The location makes it easy to visit other nearby hot spots, though, including going to Logan Square. This gives you plenty of flexibility in how you spend your free time.

Things to do

You’ll likely never run out of things to do living…

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Lake Shore Drive’s Priciest Co-Op Apartment Buildings

Looking to live in luxury? Search Downtown Chicago's priciest co-op apartment buildings along scenic Lake Shore Drive. 

999 N. Lake Shore

With impressive views of the lake and gracious attention to detail, 999 N Lake Shore offers a delightful location and some incredible additions. Constructed in the early 1900s, this pricey Lake Shore co-op includes a four-bedroom, four-bath unit with a whopping 4,000 square feet of living space. The luxury units of this property also include such high-end extras as high ceilings, a wood-burning fireplace and access to a roof deck.

1500 N. Lake Shore

The elegant 1500 N Lake Shore enjoys sweeping views of the lake, city and the beach. With options including well more than 4,000 square feet of living space, the…

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Where to Find River North's Ultra-Luxury Condos For Rent Right Now

The luxury rental market in River North is booming right now, providing anyone in the market for a posh new apartment with plenty of options and opportunities to consider. So to help streamline your search, we've identified several buildings that you'll definitely want to check out before making any final decision....

Renelle on the River

Set right alongside the Chicago River, Renelle on the River brings your choice of three- or four-bedroom luxury condos to the downtown area. Floor plans start at 1,800 square feet, with private terraces, a rooftop lounge, a yoga and screening room, plus other upscale amenities.

The Pinnacle

Also known as The Pinnacle, 21 E Huron sits two short blocks from the Magnificent Mile. Renters are treated to an indoor…

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Is The Revival Chicago's Most Unique Condo Conversion Right Now?

Once a church, The Revival now rises to the honor of being one of Chicago’s most unique condo conversion projects. While maintaining some of the building’s historical character, the individual condos within also bring inspirational new design points to the neighborhood.

The large condos offer three- or four-bedroom floor plans, coming in both single-story and duplex designs. Buyers can expect at least 1,500 square feet of living space at The Revival, while the single penthouse unit delivers more than 2,700 square feet of space.

Buyers can expect to find high ceilings and stainless-steel appliances with the condos, as well as some oak flooring, quartz countertops and plenty of designer extras. As well, a majority of the condos come complete with…

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New Ordinance Aims to Slow Condo Deconversion Trend in Chicago

Although Lake Point Tower will remain as-is and won’t be redeveloped into apartments, discussions about condo deconversions have only heated up in recent weeks.

Last month, 42nd Ware Ald. Brendan Reilly and 48th Ward Ald. Harry Osterman introduced a new ordinance, which was approved by the City Council’s Committee on Housing and Real Estate, that will make condo deconversions significantly harder for developers, which most agree is a good thing for residents and increases protection.

Prior to the ordinance, a minimum of 75% of condominium owners in a building had to approve a bulk sale under Illinois State Law.

But now, the new ordinance raises that threshold to 85%, which most say will slow the trend of condo buildings being converted into…

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Where to Rent a Fabulous New Apartment in Lakeview Right Now

Although the rental season in Chicago has come and gone this year, plenty of amazing opportunities await those still looking for a new rental to call home this fall. 

434 W. Melrose

For new construction in Lakeview, you’ll want to check out 434 W Melrose. The intimate property offers high ceilings, open floor plans and private outdoor space. The rentable units also sit just steps away from jogging trails, restaurants and more.

The Residences of Addison and Clark

Studios, one-bedroom and two-bedroom floor plans are all available for renters at 1025 W Addison. The Residences of Addison and Clark also offer access to an amenity deck, clubhouse and outdoor swimming pool. 

No. 508

Also called No 508 Lincoln Park, 508 W Diversey is a boutique…

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3 Things to Consider Before Renting Out Your Condo

If you’re considering renting out your condo, here are three things you won't want to overlook before making a final decision. 

Review Documentation

First, you’ll want to review your documentation. It’s important to know if your condo association board even allows rentals, and if there are any conditions if you do plan to rent. It helps if you know board members who can help answer any questions that pop up.

Address Insurance & Tax Considerations

You’ll also want to consider insurance limitations and taxes. Your current insurance policy may not extend to any future tenants in your condo. You also need to consider the potential tax increase that could come with converting your condo into a rental. 

Decide How Rent Collection Will Work

Of…

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