Chicago Real Estate and Community News

Check out real estate market trends, lifestyle news and neighborhood information.

March 19, 2020

Two Flats in Chicago

Chicago 2 flats for sale

Chicago Real Estate is flush with many types of homes, ranging from single-family homes to multi-family buildings, bungalows, Victorian Mansions, and of course many high rise buildings. 

One of the often under appreciated options are the Chicago 2-flat buildings. The great history of Chicago is built upon two-flat housing, brick by brick.

What Is a 2-Flat?

A 2-flat is a two story building with an apartment on each floor. These building structures are historic buildings in Chicago with unique layouts. 

View More
March 19, 2020

Lincoln Park Multi-family Real Estate Prices and Neighborhood

Lincoln Park is a beautifully sophisticated neighborhood that is an ideal place to call home. Over the last ten years property values have increased 39% making it one of the most in demand neighborhoods in all of Chicago. 

 

It features a stable market and many renters return or remain in the area because of its ideal location. There are many multi-family properties in need of updates, perfect for buyers who are ready for a challenge. 

Lincoln Park Real Estate Market At a Glance

Right now, Lincoln Park real estate prices have remained stagnant after years of increasing in value. Since 2012, Lincoln Park properties have been on the rise increasing over 127% of their value. 

View More
March 3, 2020

Irving Park Multi-family Real Estate Prices and Neighborhood

Irving Park is truly an authentic Chicago neighborhood. The history of Chicago is displayed throughout these neighborhoods with beautiful architecture and style to each property. 

 

It is is known for its architecture. Some of the buildings in this neighborhood have been around since before the Chicago Fire in 1871 and run the gamut from bungalows to Victorian mansion. 

 

Irving Park is home to ample lofts, homes, and highrise condos. The neighborhood gets its name from the famous author, Washington Irving.

Irving Park Market At a Glance

Multi-family homes have increased by 1.08% compared to January of 2019. Irving Park properties have had a healthy advance for the past decade. The price for a multi-family home in Irving Park has increased 120% since 2012. 

View More
Feb. 21, 2020

Selling Your Chicago Multi-Family Home in 2020

Selling Your Chicago Multi-Family Home in 2020

Real Estate Market Conditions and Prices

If you’re considering selling your apartment building this year, the market is currently on your side. In general, a healthy real estate market has a 3-5% annual appreciation rate. Chicago Multi-family real estate prices have appreciated roughly 40% since January 2015, that’s an 8% appreciation per year. Keep in mind that real estate is local so it is important to research your neighborhood to get accurate data and make a wise determination.

Should I Sell My Property Now?

View More
Feb. 13, 2020

Portage Park Multi-Family Real Estate: Complete Guide

Portage Park Multi-Family Real Estate

Portage Park was home to a small population until the beginning of the twentieth century when the streetcar system linked it to the downtown area and now it's an ideal escape for Chicago residents who are tired of the crowded tenements and want a quiet refuge from the city. 

 

It’s a great neighborhood for those who want the chance to get to know their neighbors, want access to many amenities and eateries and are looking to escape the hustle and bustle of the city - while still being conveniently close to it. 

Portage Park Real Estate Market At a Glance

Multi-family home prices have increased by 1.75% compared to December of 2018. However, these increases have remained steady over the better part of the last decade. The price for multi-family homes has increased by 90% since December 2011.

 

Younger families are moving to the neighborhood and purchasing 2 flats and 3 flats because of the affordability. Investing in the neighborhood brings with it a great deal of physical opportunity especially when younger families move into one of the flats and rent out the others. New tenants currently pay upwards of 50% of the mortgage cost for the entire flat depending on the down payment amount.

 

For example: A two-bedroom rental apartment costs an average of $1,450 while a 3-bedroom starts at $1,600 per month.

View More
Feb. 7, 2020

Streeterville - East Water Place

Streeterville Real Estate - Luxury Townhome For Sale

436 E North Water Unit A - Offered for $1,599,000

streeterville Townhomes

Oasis In The City

Are you looking for a lifestyle change in 2020?  Perhaps you want to downsize from a large single family home in the suburbs and move to the city, yet you still need enough space to accommodate adult children, aging parents, relatives or guests.  You want to enjoy all the city has to offer, yet in a quiet and relaxed atmosphere.  If you are looking for an Oasis in the City, then we have the perfect home for you!

View More
Feb. 6, 2020

Avondale Multi-Family Real Estate: Complete Guide

Avondale Real Estate: Get to Know the Neighborhood

Avondale is a smaller, residential neighborhood that provides the experience of a community-oriented neighborhood complete with modern conveniences nearby and an enticing nightlife. 

 

The area provides small businesses and large retailers all dotted along the main roads, but beyond that are sprawling residences, intermixed with well known local hot spots for dining and nightlife. 

 

This makes it a great locale for homeowners, renters, and landlords alike - close to the city, but far enough away to have more reasonable prices and a more relaxed lifestyle. 

View More
Jan. 25, 2020

Logan Square Multi-Family Real Estate Prices and Neighborhood

Logan Square Multi-Family Real Estate: Complete Guide 

 


Logan Square Real Estate Prices and Neighborhood

Logan Square has been enjoying a renaissance and, as a result, is now one of Chicago’s Premier Neighborhoods, along with Bucktown and Wicker Park

 

Once you walk along the tree-lined main strip of North Milwaukee Avenue, it is easy to see why the 3.23 square miles of Logan Square has become a real estate jewel. There you’ll find unique eateries, art galleries, music venues, and amazing architecture dotting this family-friendly (and pet-friendly) Northside neighborhood, only seven miles from downtown Chicago. 

View More
April 6, 2019

Selling Your Chicago Condo

chicago real estate

Selling Your Chicago Condo - What You Will Need from Your Homeowner's Association

Selling a condo in Chicago is different than selling a single family home.  Condominium buildings are governed by their own Association which establishes rules and regulations, policies and procedures for selling and moving in/out of a unit.  When planning on selling, it is important to work with your property manager to ensure that you comply with those policies and procedures as well as provide relevant documents and information required to complete the sale.

View More
March 18, 2019

Is This Your Listing Agent’s Idea of Selling Your Home?

selling a home listing agent

Is This Your Listing Agent’s Idea of Selling Your Home?

If your Real Estate Agent has your property on a lock box as part of their marketing plan, is this the right agent for you?  When you hire a Real Estate Agent to market and sell your home, ask them how they handle showings?  Many agents will put your property on the MLS and slap a lock box on the fence or door, and expect the home to sell itself.

View More