Found 3 blog entries tagged as Downtown Chicago Real Estate.

Downtown Chicago Real Estate Market Update

Every now and then we like to provide our readers with a brief snapshot of how the Chicago real estate market is faring, and as we inch closer to the busy spring market, here’s a quick look at how prices, interest rates, and the outlook for buyers and sellers is around the city of Chicago:

Chicago Real Estate Prices:


According to recent stats, prices on closed properties for all MLS listings is up 5.13% from $226,562 year-to-date in 2014 to $238,138 in 2015. And although it’s still early, Berkshire Hathaway HomeServices has the highest year-to-date sales price of all the major firms  at $466,997.

Interest Rates Are Still Low:

Many feel that interest rates are bound to rise sometime in 2015, but currently,  the rate on a 30 year fixed rate mortgage in…

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400 W. Huron Condos For Sale, Chicago IL

In recent months, much of Chicago’s development news has been related to luxury rentals—most notably at buildings like 111 W. Wacker, 500 N. Lake Shore, 73 E. Lake, and 850 N. Lake Shore. But as the downtown Chicago real estate market continues to thrive, we’re slowly but surely starting to see more condo projects in the works, just like what will soon be located at 400 W. Huron.

Just last month, Smithfield Properties LLC filed a zoning application that will allow them to build a 15-story, 46-unit boutique condo tower that will also include ground-level retail space. As luxury rentals continue to saturate the market, many believe the demand for condominium residences in downtown Chicago is back on the rise, especially for the luxury demographic.

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Lake Shore Drive Real Estate in ChicagoLiving on Lake Shore Drive in Chicago can be compared to living on Madison Avenue in New York or Mulholland Drive in Los Angeles. Despite being downtown Chicago’s busiest and most used thoroughfare, Lake Shore Drive real estate is still at a premium and is all about status and prestige. For home buyers searching the downtown Chicago real estate market from out of town, Lake Shore Drive may just seem like nothing more than a noisy, heavily traveled highway built to funnel drivers in and out of the city. But for those who know and love Chicago for what it is, real estate along Lake Shore Drive is a status symbol that’s understood well by locals and something that’s particularly sought-out by luxury home buyers who want the best of what the Windy City has to…

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