Archive for July 2010

Downtown condo rental market is strong

Economic conditions and the addition of six new apartment towers with more than 2,000 units don’t seem to be having the expected negative impact on the downtown Chicago rental market. One source tells me that AMLI900, In the South Loop, has rented 60 or 70 units in the past several months with little in the... Read more »

A stylish two-bedroom in Lake View for $425K

Yesterday morning I met Prudential Rubloff’s Eric Rojas at 3231 N Clifton, not far from where my office was located for 7 years. The area is dotted with so many restaurants that I never made it to all of them in all those years. In the above video, the first of a 2-part visit, we... Read more »

New homes in West Bucktown selling quickly

Late last week I walked through a beautiful new home at 1738 /N Rockwell, in the neighborhood that Realtors have been calling “West Bucktown.” I’ve long been a skeptic of the “West Bucktown” name, but it appears that local residents and home buyers have been adopting it. That, at least, is the take of Melissa... Read more »

Close-out pricing at Library Tower in the South Loop

Lennar Homes is inviting buyers to “take advantage of the best value in the South Loop while you can.” Only three one-bedrooms remain unsold at Library Tower, priced from $259,990. Two bedrooms start at $339,990 and three bedrooms at $499,990. Immediate move-ins are available. Located at 520 S State St, Library Tower boasts one of... Read more »

East Garfield Park: 2007 vs. 2010

East Garfield Park: 2007 vs. 2010
What New Homes Magazine said about East Garfield Park in 2007: The streets are still tough here, but the tide has started to turn in recent years, with residential development pushing west from the West Loop along Madison Street. Small developments, such as the six-unit Flats on Fulton and a 10-unit conversion at 2809 W... Read more »

The Washington Park homes market: Back to square one

In the summer of 2007, New Homes Magazine announced its picks for Chicago’s hottest ‘hoods. This morning I started looking up stats on each of these picks to see what’s changed in three years. The first place I studied was the last one mentioned in the New Homes piece, an area that has suffered not... Read more »

How Chaz Walters plans and conducts a weekend open house

For a while now I’ve been interested in talking with an agent about open houses. Not for any property in particular, but about the overall process, a sort of “Open Houses 101,” if you will — what sellers should know about the open houses their agents hold, how effective open houses really are in the... Read more »

Busiest buildings: Where homes are selling in Streeterville

Anytime I bring up Redfin‘s past sales information, I feel the need to qualify that the information isn’t entirely accurate — to my knowledge, most of the past transactions you find through Redfin are homes that were listed on the MLS, which means you aren’t getting complete picture of everything moving around, especially in new-construction... Read more »

Lexington Square meets Polo Café in Bridgeport

I was in Bridgeport earlier today for my first look at Lexington Square, a development of 39 townhomes at 3704 S. Sangamon St, fronting on Donovan Park. Polo Café, a restaurant with an adjacent night club and bed and breakfast (yup!) is just a few blocks from Lexington Square so I asked Lexington Homes‘ Jeff... Read more »

Talking schools, shops, trains, and traffic around Lake View's Southport Corridor

Most of the conversations I’ve had with Realtors about schools in the Southport Corridor begin and end with Blaine. But as Prudential Rubloff Realtor Eric Rojas notes in this video, the Blaine district doesn’t cover the entire area; the districts for Hamilton, Burley, and Nettelhorst are all nearby, as is the Hawthorne magnet school. In... Read more »