Chicago Real Estate and Community News

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 4.75% compared to December 2021. However, these increases have remained steady over the better part of the last decade. The price for multi-family homes in Portage Park has increased by 150% since December 2012.

East Water Place is a unique urban townhome community in Streeterville situated on a peninsula of land bordered by Ogden Slip to the North and the Chicago River 1/2 block to the South.  East Water Place combines the perfect blend of city living with the serenity of a single-family home. 

Attention Chicago Home Sellers

A Challenge Turned into a Success!

When our clients contacted us in early June, they were very frustrated!  Their home had been on the market for a year and a half, was listed with two different real estate agents, but they had not been able to sell it.  They were desperately looking for someone who could help them get it sold for the right price and as quickly as possible.   We knew it would be a challenge to take on a listing that had been on the market for so long, and we needed to develop a strategy that would help us "successfully sell their home".

We met with our clients to gain an understanding of their goals and plans for the future.  We asked a lot of questions about the history of the listing, what was working, what was not working, and why they felt their home didn’t sell.  We were interested in the number of showings, feedback received, price adjustments, and offers received.  Through our discussion, we learned that the clients had received offers; however, were unwilling to negotiate from the price they had set, and therefore could never reach an agreement with potential buyers.    

(Original post 04/2016)

In Chicago’s energetic and desirable Streeterville neighborhood, luxury condos at One Bennett Park provide an exclusive location and new, energy-efficient construction. Let’s look closer at One Bennett Park and see why this new Chicago building is one of the hottest places to buy and live in the city.

One Bennett Park - Construction and Amenities

One of Chicago’s finest residential towers, One Bennett Park allows residents the opportunity to live right in the heart of the city in luxury. Completed in 2019, this building is Chicago’s 13th highest skyscraper and overlooks Lake Michigan, Navy Pier, and the dazzling Chicago skyline.

In the market for a condo offering the very best of Chicago residential real estate? Look no further than 10 East Delaware, the shining gem of Chicago’s central Gold Coast neighborhood. These luxury condos are some of the most desirable on the market. Let’s look at the details and accessibility that these state-of-the-art units have to offer.

The Building

10 E Delaware Place is a 35-story, 121-unit residential tower in the heart of Chicago’s premiere Gold Coast neighborhood. Designed by luxury architect Lucien Lagrance in 2009, this building offers top-of-the-line condos and immediate access to the very best parts of the city: the Magnificent Mile, Millennium Park, Grant Park, the lakefront, and so much more.

Residents at 10 E. Delaware have access to unparalleled amenities: a rooftop garden terrace and outdoor pool, climate-controlled indoor private parking, a private owner’s club with full kitchen and fireplace, state-of-the-art fitness center, and 24-hour door staff. Both housekeeping and room service are available from the neighboring world-renowned Talbot Hotel.

(Original post date 01-2018)

Whether you’re looking to buy or sell a three-flat in Chicago, Lincoln Park is a good place to be. This timeless Chicago neighborhood has beautiful architecture, lakefront access, and some of the best shopping, dining, and local culture in the city.

Lincoln Park 3 flats

Lincoln Park 3 flats hit a sweet spot for investment potential: stable income from a competitive rental market and the ability to enjoy owner-occupancy in one of Chicago’s best neighborhoods.

There’s no point in sugarcoating it: deciding what to do with a home during a divorce can quickly become stressful and complex. A home is not only one of the biggest financial assets that have to be divided between you and your spouse in a divorce but an emotional asset as well: one that you both have most likely spent part of your life in and worked hard to pay for over the years. 

Divorce is complicated enough; deciding what to do with the home on top of the divorce can be a messy process if you’re unsure how to proceed. Here we’ll break down your best options in this scenario and some ways to begin the process of selling a home in a divorce.

What happens to a home in a divorce?

There are several different ways a home can be handled in a divorce. Legally, a house is considered a marital asset, which means that its value will be divided between the divorcing parties depending on what state the divorce takes place in and how each person contributed financially to the mortgage. If you have children, considering the home as a way to maintain stability for them can also impact what happens to the home. 

A home inspection gives buyers the opportunity to examine every inch of a prospective property. Here’s how home inspections work, why they’re so important, and how you can use your inspection to help you make the critical decision on whether or not to buy a home.

If you’re looking to buy or sell a home, you’ve probably considered working with a real estate company or platform that offers a discounted rate or cash back at closing. Discount agencies offer helpful tools and deals that you can access from your own computer and promise to save you money (and when it comes to real estate, that’s always a good thing to hear). 

But while these agencies offer today’s online customers efficiency and a chance to save money, there are some disadvantages to the process as well. Depending on what market you are selling in and how knowledgeable you are about buying or selling a home already, it might be wise to work with a traditional brokerage instead. 

Here we’ll cover some of the pros and cons that come with working with discount realtors so that you have full disclosure of what will work in your favor as a buyer or seller and what won’t.

What are cap rates and how do they work? How can I use cap rates to help me find a good real estate investment? Here we’ll discuss the role cap rates play in real estate investing and what other factors are important to consider.