Posts tagged "New construction"

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
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 at a microcosm – this building or that neighborhood – and it’s easy to lose sight of the big picture.... Read more »

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 »
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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 »

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 »
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The Hottest Neighborhoods For New Construction In Chicago

The Hottest Neighborhoods For New Construction In Chicago
There’s been a fair amount of new construction in Chicago over the last 12 months and it has been concentrated in a few really hot areas. Also, as you might expect, the character of this new construction is very different depending upon the area. So I decided to create a quick overview of the hottest... Read more »

The Challenge Of Buying New Construction Homes In Chicago

The Challenge Of Buying New Construction Homes In Chicago
Buying a home is challenging enough but if you are buying a new construction home in Chicago before it’s completed you have a special challenge on your hands. I would imagine that this is a problem everywhere but I can only speak to what the market is like in Chicago, given the conventions for builders... Read more »

Chicago's Newest Mansions For $1,500,000 And Above

Chicago's Newest Mansions For $1,500,000 And Above
This is the last in my series on new construction single family homes in Chicago, focusing this time on homes priced above $1.5 MM. In the last year there have been 52 such homes listed for sale/ sold and as you can see in the map below they are positioned much closer to downtown than... Read more »
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New Construction in Chicago A Far Cry From It's Peak Levels

New Construction in Chicago A Far Cry From It's Peak Levels
I’ve been doing a series of posts lately on new home construction in Chicago and just based upon the level of activity I’ve been seeing while driving around I thought for sure things were pretty hot. A client of mine even contacted me to tell me that he was having trouble finding contractors to do... Read more »