Archive for October 2011

Alta at K Station continues rental incentives

Alta at K Station has been offering a variety of promotional incentives for new renters. The latest applies to eight apartments in the east tower and eight in the west tower. As of last Friday, one-bedroom units eligible for the promotion rent from $1,622 to $2,295, and 2-bedrooms from $2,599 to $3,010. Only one unit,... Read more »

Chicago real estate has a strong third quarter

Although the Chicago-area economy has seen 8 months of increasing unemployment, the city’s housing market showed some signs of optimism in the third quarter of 2011. Data covering July, August, and September showed a spike in single-family home sales and the third straight quarter of condominium price and sales velocity increases. The third quarter is... Read more »

Why not a mansion in lieu of a high-rise or synagogue?

Three and a half years ago a developer was planning a 28-story Hartshorne-Plunkard designed high-rise for the 15,295 square foot lot at 111 W Chestnut St in River North. Six months ago the property was on the market as a bank-approved short sale for $3,149,000. Fast forward to today and Crain’s Chicago Real Estate Daily... Read more »

An optimist in "sophisticated, diverse" North Lawndale

The Tribune’s Dawn Turner Trice recently visited North Lawndale with Marcus Betts, a resident who’s optimistic about the neighborhood’s future. According to Betts: People drive through and see the vacant lots, the boarded-up buildings or hear about the crime, and I just don’t think communities like Lawndale get enough credit for being as sophisticated or... Read more »

Price reduced $400K on extra-wide Lincoln Park single-family

A renovated 19th century home in Lincoln Park just came on the market as a new listing, although it’s been listed on and off since April of 2009. The 6,700 square foot, 6-bedroom, 5 ½ bath, 15-room home is on an extra-wide 30 x 125 corner lot at 2325 N Orchard St. The location enables... Read more »

Get a month's free rent at Alta at K Station

A tipster informs us that Alta at K Station, which had offered a free month’s rent on 20 units, has extended the offer through the end of this week. Alta is also offering “spot special” reduced rents on two studios, a 1-bedroom and several 2-bedroom units. One of the studios is on a dog floor,... Read more »

How cheap home inspections cover up known defects

In Illinois, home sellers are legally required to disclose material defects and unsafe conditions to home buyers by delivery of a Residential Real Property Disclosure Report. Many sellers and their real estate agents are reluctant to disclose matters that might make the property unsalable or substantially reduce its value. If a tough home inspector acting... Read more »

Is this the South Loop's best private terrace?

I’ve seen Grant Park from many vantage points, high and low — from penthouses 800 feet above the city, from a helicopter, and from many an airplane. Nothing I’ve seen compares to the views from the private terrace at 888 S Michigan’s penthouse. For starters, the home has a two-level east-facing deck that’s larger and... Read more »

The views from a Lake Shore Drive high-rise

Chicago had beautiful weather last week, with clear skies and a temperature in the 70s. The middle of one of my days took me to three great vantage points for viewing Chicago’s skyline and lakefront: the 50th floor of the Hancock Center, the 10th floor and roof deck at 1300 N Lake Shore Dr, and... Read more »

A wide, bright 1-bedroom in a prime Gold Coast location

For sheer visual and people-watching spectacle it doesn’t get any better in Chicago than the intersection of State and Rush. The staggering array of restaurants, shopping and nightlife within two short blocks of that Gold Coast intersection makes it easy to understand why housing in the area is so desirable. Turn east on Cedar Street... Read more »