All Blog Entries by Sam Tarara

Found 22 blog entries published by Sam Tarara.

Palmolive CondosDating back to the late 1920s, the Palmolive may just be the coolest condo high-rise in all of Chicago. The vintage building gains its namesake from none other than the Colgate-Palmolive-Peet Corporation. 

Not long after the building opened, crews added a rotating beacon to its very top, used to help guide in airplanes to a safe landing at Midway Airport. Named to honor aviator Charles Lindbergh, the site became one of the city’s most visible landmarks.

Then, around 1960 Playboy moved into the building, setting up its very first Playboy Club on the ground floor. Within a few years the company expanded, setting up its headquarters in the tower and changing its name to the Playboy Building, in huge illuminated lettering.

In more recent years a new

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River North PenthousesIf you're looking to live at the top of the world, or at the very least pretty dang close to it, here are 3 River North condo buildings with a penthouse unit currently on the market. 

645 N. Kingsbury

Found at 645 N Kingsbury, the Admiral’s Pointe Condos delight with a River North address and some impressive skyline, river and park views. Right now, a penthouse with a private balcony, hardwood floors and a large master suite is available in this prime building.

720 N. Larrabee

A corner penthouse unit is also available right now at 720 N Larrabee. The three-bedroom, 2.5-bath condo offers 2,700 square feet of living space and incredible 180-degree views. You’ll also find floor-to-ceiling windows, upscale appliances, continuous bamboo flooring

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Chicago Apartment NewsWith a range of amenities and the desirability of newer construction, 600 N Lake Shore Drive provides an enviable location for prospective residents to call home. Currently the building has a number of units on the market, including some rentals.

The largest rental right now at 600 N Lake Shore is a three-bedroom, 2.5-bath unit. This particular home includes 2,100 square feet of living space with a newly remodeled kitchen and private living space.

The building also offers several two-bedroom, two-bath units for rent. The two-bedrooms for rent start at nearly 1,300 square feet of living space, while the largest offers 1,700 square feet of space with plenty of upgrades and fantastic views.

The most affordable rentals currently on the market in the

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Ontario Place Condos For SaleFound at 10 E Ontario, Ontario Place presents plenty of options for renters in 2019. While there are several good reasons to rent in the building, we’ve narrowed it down to just three.

The Amenities

The first great reason to rent at Ontario Place is its amenities. The high-rise building offers an outdoor swimming pool and sundeck, a rooftop park, a fitness center, a doorman and more.

The Floor Plans

The building also offers some fantastic floor plans. Renters have the option of a one- or two-bedroom unit, although there are also some junior one-bedrooms in the building, as well.

The Location

Yet another great reason to choose the building is its location and its views. Found in River North, all condos in the building have private

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What's For Rent at Waldorf AstoriaThe fashionable Waldorf Astoria Residences not only provide an exceptional address, but also the appeal of high-end amenities and impeccable style. Right now, you’ll find a small, yet enviable collection of residences for rent in the building.

This includes two units featuring three-bedrooms and 3.5-baths. One of these condos offers around 2,600 square feet of living space. 

The other three-bedroom, 3.5-bath condo on the market in the building provides for 3,500 square feet of living space. It also includes two balconies, a fireplace, a gourmet kitchen and lake views.

The largest unit currently available for rent at Waldorf Astoria is a four-bedroom, 4.5-bath unit. This particular home includes 4,000 square feet of living space, with both city

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Chicago Apartment Buildings For SaleIf you’re looking for an investment opportunity in Chicago right now, the south side may be the place to look in 2019. Investors are finding a number of great reasons to invest in area apartment buildings, and it's a trend doesn't appear to be slowing down anytime soon.

The opportunity for cash flow is one of the best reasons. While it may be rare in most big cities, investors in the south side are said to be consistently finding between eight to 12-percent cap rates.

Another reason to invest in south side apartments right now is the potential for appreciation. A majority of south side neighborhoods are seeing high apartment building appreciation, with some buildings appreciating more than 100-percent.

This part of Chicago is also luring in a

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Rent in Chicago PricesIf you’re looking for a rental in Chicago, the price you pay may depend on what time of year you do your search. According to a recent report from Renthop, Chicago rental prices peak in the fall.

While rent prices in Chicago are often the highest in September and October, you may be able to get a better deal. Prices in the Windy City typically tend to dip the most in March and April. According to Renthop that may be tied to the city’s typically cold winters.

The apartment ranking website looked at ten of the nation’s most populous cities and found Chicago had some of the biggest shifts in rental prices tied to the season, particularly in terms of two-bedroom apartments. It could mean shelling out an extra $176 per month. When it comes to

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New Construction Cabrini Green ChicagoThe former site of the old Cabrini-Green housing project could soon see new development. Developers hope to bring in a mixed-income project of nearly 500 residential units to the corner of Larrabee Street and Clybourn Avenue.

Developers recently filed a zoning application with the city to turn the wedge-shaped land into an 18-story tower followed by two mid-rise apartment buildings and townhouses. While around 200 of the residences would be market rate apartments and townhomes, another 80 or so would be affordable-rate and the rest would go to those on waiting lists for the Chicago Housing Authority.

While the land in question once belonged to the Near North Career Metropolitan High School, public housing towers also once stood in the area. They

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A new 47-story tower could be coming to Michigan Avenue. Sterling Bay recently announced plans for a mixed-use tower at 300 N. Michigan Avenue. According to local leaders, the proposed project includes plans for 290 residential units topping 280 hotel rooms.

The new tower is planned for the space currently occupied by a four-story building the developer already owns at East Wacker Place and Michigan. While the smaller building is vacant right now, it once housed a Walgreens, RadioShack and Subway.

Sterling Bay is the same Chicago developer currently pushing a massive new project at Lincoln Yards. The developer is close to gaining final city approval for that project. The $6 billion development sits along the Chicago River’s north branch. 

It’s

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The median price for an existing single-family home began to slow down in the fourth quarter of last year, according to recently released stats from the National Association of Realtors. 

While the third quarter of 2018 saw home prices rise about 4.8-percent year-over-year, that was down to four-percent year-over-year by the end of 2018. The median price now sits at just over $257,000.

Home prices rose in most markets last quarter, but just 14 of the 178 metro areas studied saw a double-digit increase. That’s a few markets less than what was reported in the third quarter of 2018.

Economists credit the slower rise in home prices to a steadily increasing inventory. Reports suggest home sales are falling as price gains outpace wage growth. More than

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