Tag: Chicago condos

Despite New Tax Law Buying A Home In Chicago Area Still Better Than Renting

Despite New Tax Law Buying A Home In Chicago Area Still Better Than Renting
Back in February I posted on how the new tax law would affect the rent vs. buy decision. However, I got to thinking that it might be instructive to work through a real example rather than just pontificate from an ivory tower. I was actually a little surprised by the result. Before I dive into... Read more »

Who Wins, Who Loses In Chicago's Condo Deconversions?

Who Wins, Who Loses In Chicago's Condo Deconversions?
About a year ago I wrote about the Chicago condo deconversion boom and how these deals are not necessarily good for all owners. The developer puts an offer out for the entire building and that offer is allocated among the units based upon their ownership interest, which is often largely determined by square footage and... Read more »

The Strange Patterns In University Village Condo And Townhome Prices

The Strange Patterns In University Village Condo And Townhome Prices
It’s been a couple of years since I have reviewed University Village* condo and townhome prices. Over the last year or so I’ve been monitoring the sales flow there and I’ve been intrigued by how much of the available inventory has been overpriced and consequently has languished on the market. Occasionally I’ll see a transaction... Read more »
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Chicago's Most Expensive Condo Sales Of 2018

Chicago's Most Expensive Condo Sales Of 2018
Last week I looked at Chicago’s most expensive single family home sales of 2018 and last year was a bit stronger at the high end than 2017 – 14 homes sold above $4 MM vs. 11 the year before. However, now I’m turning my attention to the most expensive condo sales of 2018 and last... Read more »

Update On Union Row Townhomes - That Bizarre Location

Update On Union Row Townhomes - That Bizarre Location
Back in 2008 Chicago real estate developers thought they could sell just about anything to real estate hungry consumers. And Belgravia Group, an otherwise highly respected Chicago real estate developer, decided to push the limits on that theory when they built the Union Row townhomes on 16th St., literally right next to the Dan Ryan... 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 »
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The Mystery Of Chicago's Condo Deconversion Boom

The Mystery Of Chicago's Condo Deconversion Boom
In case you haven’t noticed there has been a real flurry lately of buildings in Chicago deconverting from condos to apartments. According to an article on Chicago condo deconversions in Rebusiness Online “nearly 2,000 units deconverted at a combined market value of approximately $437 million since late 2016 in Chicago, according to data from CoStar... 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 »

Did this investor really make $225,000 flipping this Chicago condo?

Did this investor really make $225,000 flipping this Chicago condo?
I’m not exactly sure what actually creates the opportunity for flipping condos (profitably) but I’m seeing more and more examples of this lately. It’s probably due to a change in the tastes of home buyers, such that most of the available inventory is perceived as outdated, and an unwillingness (or inability) of home buyers to... Read more »
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Chicago's Most Expensive Home Sales Of 2016: Condos

Chicago's Most Expensive Home Sales Of 2016: Condos
Last week I posted on Chicago’s most expensive single family home sales of 2016 but in reality several condo sales actually set the record last year for the overall most expensive Chicago home sales just like in 2015.  In total there were 16 condos that sold above $4 MM compared to 18 in 2015, which... Read more »