Condos at 2035 N. Orleans Quietly Hit the MLS
Posted by Helaine Cohen on
The condos coming to 2035 N. Orleans are now listed on the MLS, providing just a few more luxury options to anybody searching Lincoln Park condos for sale.
In hopes to essentially re-purpose an old parking garage at 2035 N. Orleans, those behind the project are simply planning to gut the garage entirely, transforming its inside into ten fabulous condominium residences that will no doubt make for one of the more unique new developments in Lincoln Park. While the 1930s-era garage only stands three-stories high, the new condo building would actually rise five-stories off ground level, giving the perception that the glass-walled interior building rises behind the old structure, instead of from within.
A 15-foot gap between the second and third stories…
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More than 50 luxury condos could be going in next door to the new McDonald’s Headquarters in the West Loop under a proposal just unveiled to nearby neighbors. The two, nearly identical buildings are slated for 19 N May Street and 1111 W Washington Boulevard as the massive McDonald’s corporate headquarters is going in where Oprah’s Harpo TV Studios once stood.
When it comes to buying and selling condos in Chicago there are certain neighborhoods taking a larger share of the market. Based on research provided by Redfin, a real estate brokerage offering up online information about selling, buying and owning a home, the largest number of condo and townhome sales came from the Near North Side.
While certain cities around the world could be at risk of another housing bubble it appears Chicago will be spared this time around. A recent report compiled by Swiss Bank UBS looked at 18 cities from Vancouver to Singapore and even New York, with Chicago coming in at the very bottom, the only city on the list found to have undervalued homes.
In case you haven't noticed, temperatures have already started to cool down here in downtown Chicago, and the leaves are finally beginning to change color. Although it's impossible not to love summertime in Chicago, the autumn season also brings about plenty of fun-filled events and festivals that are worth checking out. So with the month of October right around the corner, it's time to take a closer look at what's happening around town next month!
Increasing home prices in Chicago mark some of the highest increases in the country. That’s according to the most recent S & P Case-Shiller Home Price Indices released for the period of June to July of this year. According to the report, the Chicago area came in at number two when it comes to the nation’s strongest monthly increases, trailing only behind Portland.
While mortgage rates are currently low, prospective homeowners still likely need to meet a certain income threshold in order to afford a home. According to the mortgage information website of HSH.com, that’s currently $52,700 per year. Based on HSH research that is what’s necessary to be able to pay for a home worth $240,700, the national median price of homes.
With Labor Day Weekend just around the corner, the unofficial end of the summer season is fast approaching. But just because the end of August has arrived and it's almost time to say goodbye to what's been a fabulous summer here in Chicago, there's still plenty to see and do before the cold weather settles in. And to get a better idea of what's happening all around the downtown Chicago area over the next several weeks, take a closer look at just some of September's highly-anticipated events and festivals.
After two years of being marketed as lab and office space a South Loop warehouse building is now going residential. The six-story building, located on the southeast corner of East 21st Street and Wabash Avenue, hasn’t had a tenant since L’Oreal vacated in 2014.