Real estate news & trends
Latest news from YoChicago
Stephanie Konow and Katie Bommarito, former apartment rental agents, recently co-founded Chicago Rentals Direct. Having acquired in-depth familiarity with the shortcomings of the rental services, they set out to enable renters to be their own agent and connect directly with Chicago landlords. On a sunny Friday afternoon Stephanie met me ...
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Posted by Joe Zekas on June 4, 2011
When I first wrote about the Center of the Northshore project, shortly after it was announced nearly 5 years ago, I opined that “it has an air of doom about it” and scoffed at its claim to be on the North Shore. I shot the above video at the site ...
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Posted by Joe Zekas on June 4, 2011
Back in November of 2009, when we began tracking MLS-listed homes and condos for rent in 14 downtown ZIP codes there were 1,927 units available. As of today there are 745, a decrease of 61%. We skipped our tally last week due to the holiday. Two weeks ago the inventory ...
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Posted by Joe Zekas on June 4, 2011
Restaurateur and designer Jerry Kleiner offers up decorating tips in the above video, using his Carnivale restaurant and his home to illustrate his points. The triple-lot home in the River West neighborhood has been offered for sale for nearly 4 months at $2.9M and recently became available for rent at ...
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Posted by Joe Zekas on June 3, 2011
The National Association of Realtors is promoting Nationwide Open House Weekend this Saturday and Sunday, June 4 and 5. I don’t have hard data to back up my impression, but it seems to me that Chicago real estate agents aren’t running an unusual number of open houses this weekend. Many ...
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Posted by Joe Zekas on June 3, 2011
It’s difficult enough to fathom how anyone would spend $450,000 for a garden-variety 3-bedroom condo in the 3700 block of Elston Ave. It’s beyond difficult to understand why anyone would have done that in April of 2008. According to information on file with the Cook County Recorder of Deeds, Unit ...
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Posted by Joe Zekas on June 2, 2011
The long-discussed Cermak Creative Arts District has taken a small step forward with the selection of architectural firms to perform the first phase of planning for the district, which would be centered on the Cermak Road Historic Bridge District (pdf). A team led by FitzGerald Associates and Hitchcock Design Group ...
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Posted by Joe Zekas on June 2, 2011
The MLS-listed rental inventory of homes and condos ticked up slightly over the past week, from a 13-month low of 230 last week to 236 this week. Kenilworth, which had only 3 homes available last week now has 8. Wilmette availabilities increased from 14 to 19. We haven’t seen any ...
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Posted by Joe Zekas on June 1, 2011
Chicago Magazine’s Dennis Rodkin visited the penthouse at 200 North Dearborn on a much nicer day in the Loop than March 14, when I shot the above photo there. I didn’t write about the penthouse at the time, but Rodkin just did and he’s also posted a gallery of photos ...
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Posted by Joe Zekas on June 1, 2011
Our ace network administrator, Matt McClure, has just compiled YoChicago traffic stats for the month of May and for the twelve months ending May 31. We rely on Google Analytics to monitor our traffic on a day-to-day basis but look to the server logs for authoritative numbers. We reached 41,752 ...
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Posted by Joe Zekas on June 1, 2011
We’re taking a brief look at the state of each of the eight neighborhoods we spotlighted as Chicago’s hottest back in June of 2006. Yesterday we took a fresh look at Woodlawn. Today we cast a cold eye on Washington Park. In 2006 our reporter wrote: At first glance, an ...
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Posted by Joe Zekas on June 1, 2011
New home sizes are shrinking and each space in a home is up for evaluation as to its usefulness when builders design new floor plans. In many cases, the traditional living room is getting the proverbial ax in favor of larger, more efficient open floor plans. J. Lawrence Homes is ...
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Posted by sponsored post on June 1, 2011
We’ve previously highlighted one of the biggest mistakes apartment renters make: starting their search too late. Many landlords have already identified which apartments will be available for August 1st rentals and others will know within the week. Nimble tenants will be snapping up the best apartments and the best deals ...
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Posted by Joe Zekas on June 1, 2011
The headline and the story at Crain’s Chicago Real Estate Daily tell a tale of uniformly rising rents, declining vacancy rates and fewer concession offerings in Chicago’s suburbs. The chart accompanying the article tells a more nuanced story. Rents rose only a modest 1.8% in South Cook county suburbs, and ...
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Posted by Joe Zekas on June 1, 2011
If you’ve seen more than a few Lincoln Park and Lake View townhomes you quickly conclude you’ve seen them all – “same-old, same-old” is what you find yourself thinking. Unit E at 4048 N Clark St is laden with features that set it apart – a full laundry room, extra-wide ...
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Posted by Joe Zekas on May 31, 2011
“Seventy-five percent of the people purchasing from us are doing so because they like the walk-to-work, jump-on-an-El or get-right-on-the-expressway location,” reports Garrison Partners‘ Christine Lutz. “I like not fighting to get to the expressways like I do living in Lincoln Park,” is what buyers are saying, according to Lutz. “They ...
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Posted by Joe Zekas on May 31, 2011
The buyers at any high-rise development have varied motives for their purchase. For some, the views or the architecture are the prime motivator. For others, the location is what matters most. And among recent buyers, financing, price and incentives have been uppermost in their thinking. Ralph Johnson’s striking design at ...
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Posted by Joe Zekas on May 31, 2011
Laura Doherty’s voice and banjo accompaniment provide a charming introduction to Evanston’s popular Farmers Market, which is open every Saturday from 7:30 to 1 in downtown Evanston at University Pl and Oak Ave. A short block away you’ll find Grand Bend at Green Bay, where 1-, 2- and 3-bedroom condos ...
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Posted by Joe Zekas on May 31, 2011
It’s Case-Shiller Tuesday, the eagerly-awaited release day for the March closings data, reflecting contracts signed prior to then. Who makes local decisions today based on what happened in broad markets months ago? Recently, it seems to be anyone who’s looking to justify their decision to defer buying a home. Rather ...
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Posted by Joe Zekas on May 31, 2011
“Welcome to a dream, living in Chicago.” In the video, Austin Davis, a/k/a Elitenment and Elite, serves up an extended, upbeat, unqualified love song to the city where he was born and raised.
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Posted by Joe Zekas on May 30, 2011