Category: New construction

Chicago's Hottest Neighborhoods For New Single Family Home Construction In 2018

Chicago's Hottest Neighborhoods For New Single Family Home Construction In 2018
Last week I reported on Chicago’s Hottest Neighborhoods For New Condo Construction In 2018. As a follow up to that post I’m now taking a look at single family home new construction. Last year there were 504 new homes with activity in a 12 month period. This year is only slightly lower at 485 homes... Read more »

Chicago's Hottest Neighborhoods For New Condo Construction In 2018

Chicago's Hottest Neighborhoods For New Condo Construction In 2018
Activity has actually picked up significantly since last year’s look at Chicago’s new condo construction . Last year’s analysis identified a total of 1510 new condos/ townhomes that were either sold, under contract, or on the market in the preceding 12 month period. This year I count 1708, which should be no surprise given all... Read more »

A Map Of Chicago's Demolitions Tells Two Stories

A Map Of Chicago's Demolitions Tells Two Stories
In 2017 over 1200 demolition permits were issued in Chicago. After I was unable to easily find out where these were happening I decided to just pull the data myself and map them out for everyone’s amusement. The resulting map below is interactive: the icon in the upper left corner reveals an interactive legend, you... Read more »
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Chicago Construction Boom Finally Coming To An End

Chicago Construction Boom Finally Coming To An End
I’m sureĀ  you’ve noticed the numerous construction cranes dotting the Chicago skyline over the last few years. Well, according to a December Crain’s story Chicago actually hit a record of 60 cranes operating in November. But according to that same story construction starts actually declined in 2017 for the first time in 7 years. So... Read more »

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017

New Single Family Home Construction In Chicago: Hottest Neighborhoods Of 2017
Last week I posted on the hottest neighborhoods for new condo construction in Chicago so now I’m taking a look at the hottest neighborhoods for single family home construction. You’re going to see much the same pattern in terms of pricing across the city. In total I identified 504 homes that I believe to be... Read more »

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017

New Condo Construction In Chicago: Hottest Neighborhoods Of 2017
The 2018 report on new condo construction can be found here: Chicago’s Hottest Neighborhoods For New Condo Construction In 2018. Once a year I like to step back and take a look at new construction in Chicago to better understand what is going on across the city because most of the time we are looking... Read more »
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Lake View New Construction - Why Builders Pay $1 MM For Teardowns

Lake View New Construction - Why Builders Pay $1 MM For Teardowns
A couple of weeks ago I posted on a listing that we sold before it hit the MLS. A builder purchased the building, which sits on a 30 ft wide RT 3.5 lot in Lake View, in one day for a tad over $1 MM with plans to tear it down and likely build a... Read more »

Bronzeville Finally Getting The Real Estate Development It Needs

Bronzeville Finally Getting The Real Estate Development It Needs
For years I found it peculiar that Bronzeville didn’t get more attention from real estate developers given how close it is to downtown Chicago and how relatively affordable it is. I know that during the real estate bubble a lot of people got badly burned in Bronzeville – both developers and buyers – so I... Read more »

Chicago New Construction: The Hottest Neighborhoods Of 2016

Chicago New Construction: The Hottest Neighborhoods Of 2016
As you’ve traveled around Chicago over the last year you’ve probably noticed all the new construction going on – some of it is commercial and some of it is apartments but a lot of it is new residential construction for sale. So, once again I’ve put together a summary of the hottest neighborhoods for Chicago... Read more »
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Expensive New Construction Homes In Ravenswood

Expensive New Construction Homes In Ravenswood
Last week, when I posted my ultimate guide to new construction homes in Chicago, I remarked on how unusual I thought it was that Uptown came in only 3rd, behind Lincoln Park and Lake View, in a ranking of the price of new single family homes. So I dug into the details a bit further... Read more »