Chicago Real Estate Blog - January, 2020

Lakeview Apartment Development Secures Key Vote

A proposed seven-story apartment development moves closer to reality in Lakeview. The Chicago Plan Commission recently gave the go-ahead to bring around 200 rentals and nearly 100 parking spaces to the site of a now closed Treasure Island grocery store on N Broadway.

The revised proposal is significantly smaller than the original eight-story proposal unveiled to neighbors last summer for the Optima Lakeview development. That design included around 250 apartments with an all-glass façade.

Some surrounding neighbors had previously complained about the original design’s density and height. Among other things, the newly proposed design is a mixture of glass and brick with some in-set balconies.

Now that the revised project has approval from the Plan…

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727 W. Madison: The West Loop’s Spectacular New Apartment Tower

A spectacular new apartment tower now rises up in the West Loop. With rentals ranging from studios to three-bedroom floor plans, 727 W. Madison offers the apartment design renters are searching for. 

Along with all of its private amenities, residents of the building are additionally treated to an array of shared delights. Options range from the tower’s secure parking and bike storage to its private rooftop sky lounge with some outstanding city views.

In addition, the tower offers up access to a fitness center, yoga studio and a pet spa. Along with all of this, the property also provides space for an outdoor swimming pool and spa, a dog park, and it allows for grilling. 

This appealing new apartment building sits at the corner of Madison and…

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Chicago's 2019 Real Estate Market Summarized

While overall Chicago’s real estate market was relatively weak last year, it wasn’t entirely the same situation across all parts of the city and its suburbs. In fact, in many of Chicago neighborhoods and out in the suburbs of Will, Lake, DuPage and Cook counties, the median home price actually grew in 2019.

Healthy home price growth of around six percent was reported in such locations as North Park, Garfield Ridge and Hermosa. It also happened in Villa Park in the suburbs and in Western Springs. 

Still, in other sections of the Chicago area prices cooled by a similar amount. This included median home prices in Edison Park, Lakeview and Logan Square. Home prices also cooled last year in suburban Oak Park and in Arlington Heights. 

City-wide, the…

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Where To Search Chicago Co-Op Apartments For Sale in 2020

Looking for the right Chicago co-op apartment? Check out our short list of co-op buildings to consider in 2020...

3500 N. Lake Shore

A good place to begin the search is in the vintage high-rise located at 3500 N Lake Shore. The building was first constructed in the 1920s and comes with its own fitness center and roof deck. Current options on the market in the building range from two- to four-bedrooms and include at least 2,500 square feet of living space.  

2430 N. Lakeview

Another location to search for a co-op apartment is 2430 N Lakeview. This building was also constructed in the 1920s and serves up views overlooking the lake and park. If a large amount of space is what you need, the building offers some generous floor plans, including the…

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