Chicago Real Estate and Community News

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

Feb. 13, 2020

Portage Park Multi-Family Real Estate: Complete Guide

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.

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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

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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!

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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. 

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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. 

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April 6, 2019

Selling Your Chicago Condo

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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.

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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.

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March 15, 2019

Home Improvements That Sell Your Home

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Home Improvements That Sell Your Home

Here are our best tips for home improvements that you can make yourself that will add value to your property, attract buyers and help you sell quickly and for the highest price possible.

Most buyers today are looking for certain elements in the home to be fresh and updated in order to attract their interest.  In our experience, these are the most important things that you as a seller can do to make your home “move-in ready” for buyers.

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March 8, 2019

What You Need to Know about Moving to Chicago

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What You Need to Know about Moving to Chicago

When most people think of Chicago, the image that comes to mind is that of bitter cold winters with wind whipping off the lake and temperatures pushing into single digits. Although it’s cold for part of the year in the Windy City, those perfect summer temperatures are a great reason to enjoy all the natural resources that Chicago has to offer.  Over 18 miles of lakefront and 552 public parks is one of the reasons that more than 2.7 million residents have made Chicago their home.

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Feb. 6, 2019

Chicago Gold Coast Market Update 2019

Gold Coast Chicago Market Trends

Chicago Gold Coast Market Update 2019

The Gold Coast neighborhood is well-known for its unique architectural style of homes and high-rise apartments.  Attached Single Family homes ranging in price from $220,000 to over $2.5M and Detached Single Family homes ranging from $1M to 4M+ are found here.  This is one of the most affluent areas in Chicago, dotted with pre-war and vintage row homes, mansions, townhomes and high rises.  

As we look at market conditions in the Gold Coast, we find overall values increasing in 2018.

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Jan. 22, 2019

Important Tips for Investing in Multi-family Real Estate in Chicago

chicago multifamily homes

Important Tips for Investing in Multi-family Real Estate in Chicago

Investing in multi-family real estate can certainly be a daunting task, particularly in Chicago where the average price per square foot in 2018 was $224 and will continue to show a steady upward trend in 2019.

Approximately half the Chicago population rent the homes they live in.  In April of 2018, the median rent for all rental properties in the city was an astounding $1,650. With high rental demand, a booming real estate market, and steep median monthly rental prices, a multi-family investment in Chicago can offer significant rate of returns.

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