It’s a crisp Fall day in late October, and I am taking my out of town clients to tour properties in the Gold Coast area.   We have a full day planned and initially see several beautiful vintage apartments along Lake Shore Drive with elegance, charm and spectacular views.  

Next, we set out on foot to tour the heart of residential Gold Coast.  As we walk along Dearborn and Astor Streets we are instantly transported to another time and place.  Historic landmark buildings, mansions and rowhomes, nestled along quiet tree-lined streets evoke feelings of peace and tranquility.

The neighborhood is alive with magnificent Halloween decorations all in grand scale!  Giant spiders the size of buildings, graveyard scenes with skeletons, and ghosts hanging from trees are both realistic and impressive!  As you walk among these great masterpieces, you feel the enormous sense community and pride residents have for their homes and neighborhood.

Spring Market is here and it's a great time to Sell your home!

Now that Spring has finally arrived, the Chicago Market has been heating up.  Here's what we have been seeing in the marketplace.

• Multiple Offers resulting in highest prices for homes - often over 100% of list
• Properties under contract within a few days
• Low inventory driving multiple offers
• Favorable Seller terms

We will get you the Highest Price Possible for your home!  To get started, contact us today!

Whether you're selling a condo, single family, or Multifamily property these tips will come handy.

Experience – Look for a Real Estate Agent with experience

How long have they been selling in the industry?

Have they sold in your neighborhood?

What type of properties have they sold?

Negotiation skills – can they negotiate the best price for you?

Track record of success – list of recent properties they have sold

Lincoln Park Multi-Family Building

Our recent sale of this 3 Flat Multi-Family Property in Lincoln Park was a huge opportunity for both our Seller and Buyer!  

High demand for multi-family properties in Lincoln Park created a great deal of interest with buyers!   High demand = high value!  We generated multiple offers on the property with a sales price of $1.55M

Location! Location! Location!

Buyers are interested in living in this prime area of Lincoln Park – located on Fullerton near Clark Street.   Walking distance to restaurants, shops, entertainment and the Lakefront!

Oversize Lot – this property sits on a 25x175 lot which is rare to find in Lincoln Park.  The beautifully landscaped backyard creates an urban oasis perfect for relaxing or entertaining!

Thinking About Selling Your Multi-family Home?

We have buyers actively looking for multifamily homes in Chicago. If you are considering selling, we would appreciate the opportunity to talk with you and provide the following information.

• An accurate property valuation
• Property condition assessments and recommendations
• Marketing strategy without disrupting your tenants
• Our experience

Schedule a private consultation today!

4 Important Tips for Selling a Multi-Family Property

Selling a Multi-Family property is completely different than selling a single family property or condo.   To obtain the highest price for your multi-family property, we have compiled 4 important tips to help you prepare to sell.

• Hire an investment savvy realtor who specializes in selling multi-family properties.

They know how to price and market the property as well as sell it to potential investors/buyers.  Buyers are interested in the financials and whether they will make money.

• Prepare a Financial Breakdown of your property

Income, Operating Expenses, Cash Flow, Property Management Fees

• Prepare a Lease Abstract/ Rent Roll

Review all your leases, expiration dates, rents for each unit, tenants, occupancy

Raise rents when leases expire – the more cash flow the higher the value.

• Update or Renovate to Increase Value

Update common areas-hallways, stairs, doors, basement (laundry room).  First impressions count to buyers.  

Update or renovate units – kitchens and baths are main areas to keep as updated as possible and to increase value

Other articles:

Home improvements that sell your home

 By: Jose Hernandez & Carolyn Durocher of Coldwell Banker in Chicago

When you can't see the property "live", what do you do?

This is an interesting story of how I helped clients buy a Chicago condo "sight unseen"!   My buyers lived out of state, and were interested in purchasing an in town condo in Chicago.  After meeting them briefly one Sunday afternoon, and keeping in touch, my client called me and said she had found a condo online that she really liked and asked me if I could tell her anything about it.  

Having personally seen the unit a few days earlier, I conveyed how stunning the renovation was, and that I thought she would love it.  I also was familiar with the building amenities and knew the building was well managed and financially sound.  Plus, I knew she would love the Streeterville neighborhood and the view of the Lake from the high floor of the condo.  

Since she was not going to be in town for another month, and could not come up to see the unit in person, I recommended doing a virtual showing through iphone's Facetime technology.   She was able to see each of the rooms, the view of the Lake from the windows, and the building amenities.  It was a successful showing, my client and her husband made an offer and bought the condo!!!

They love the condo, the building and the neighborhood and very happy with their purchase!

Video Testimonial

View more Video Testimonials here.

The real estate market in Chicago is very competitive right now.  Lack of inventory has created a challenging environment for today's buyers who often are finding themselves in a multiple offer situation.  Whether you are just getting started in your search, or have missed out on a couple of properties due to multiple offers here's our best tips to help position you for success.

• Work with a real estate agent who understands the market and can provide expert guidance in establishing the value of the property and help you put together an offer that stands out to the seller.

Just Sold!  10 E Delaware Place Unit 17D, Chicago, IL 60611

Price:  $1,692,500

We just sold this gorgeous 3 bedroom 3.5 bath southwest corner unit at 10 E Delaware Place.  This former model unit features high ceilings, two terraces, floor to ceiling windows, Chef’s Kitchen with Poggenpohl cabinets, Wolf and Sub Zero appliances, Carrera subway tile backsplash, a kitchen island with quartz countertop, wine fridge and rectangular Kohler sink. Fireplace with custom millwork mantle. Recessed lighting, surround sound, crown molding and dark stained hardwood flooring throughout the unit.  Fabulous split floor plan with separate guest suite. 

10 E Delaware Place is a luxury full amenity building situated in the heart of the Gold Coast and just blocks away from Millennium Park, Grant Park, the Magnificent Mile and the Lakefront.  Built in 2009 and designed by Lucien Lagrange Architects, this building is 35 stories with 121 units.  Amenities include a rooftop garden terrace and outdoor pool, private owners club with full kitchen and fireplace, state of the art fitness center featuring Techno Gym, climate controlled private indoor parking, 24 hour Door Staff, spacious balconies with gas line, storage lockers and bike racks, wiring for cable and internet, and housekeeping and 24 hour room service available from the Talbott Hotel.

Located at State and Delaware, the premier place to live in Chicago, 10 E Delaware Place is just steps from luxury shopping, fine dining, luxury hotels, and the best entertainment in the city.  Favorite restaurants along Rush Street, include Gibson’s Bar & Steakhouse, Luxbar, Tavern on Rush, Carmine’s, Hugo’s Frog Bar, and Morton’s Steakhouse.  Barneys New York, Hermes, Kate Spade, and Vera Wang Bride are just a few of the many luxury shops along Oak Street.   World renowned Talbott Hotel located next door, Waldorf Astoria Chicago, Four Seasons Hotel Chicago and Sofitel Chicago Magnificent Mile are all just a few steps away.    Schools and universities include the highly rated, Ogden Elementary, Loyola University of Chicago, Loyola School of Law, and Quinlan School of Business.  Holy Name Cathedral, Fourth Presbyterian Church and Christ the Savior Orthodox Church are within a short walk.

10 E Delaware Place offers a truly luxurious lifestyle and more!

Search luxury condos available for sale at 10 E Delaware Place

For more information Contact us today!