Archive for November 2011

Four rentals, including Oprah's, at East LSD co-op

There’s been quite a bit of media buzz about Oprah Winfrey’s co-op at 199 East Lake Shore Drive being offered for rent at $15,000 a month. Curbed and the Tribune, among other sources, have weighed in on the topic. We typically shun celebrity stories, preferring to link them on our Chicago real estate news page,... Read more »

Bob's cat, Steve McQueen, Allstate and Marina City

For many people Marina City brings to mind the scene from The Hunter where a car catapults off Marina City’s parking ramp into the Chicago River. Dennis Rodkin’s video tour, above, of three units combined into one at Marina City, includes a clip from the Steve McQueen movie. Many will also recall Allstate’s restaging of... Read more »

Lincoln Park has Chicago's lowest apartment vacancy rate, Gold Coast the highest rents

Marcus & Millichap, a respected investment real estate brokerage firm, recently released its Q4 Apartment Research Market Report for the Chicago metro area. The summary: The release of pent-up demand and tempered hiring by employers this year will keep the Chicago apartment market on track to post a vacancy rate less than the level recorded... Read more »

A lonesome American Craftsman in West Rogers Park

In Chicago you’ll typically find Arts and Crafts / American Craftsman-style homes in clusters. The Villa Historic District is a good example. The Craftsman bungalow at 2248 W Lunt in the West Rogers Park neighborhood was built in the heyday of the style’s movement during the early 1900s, much earlier than most of the neighboring... Read more »

A video visit to the condo expo at Navy Pier

Wednesday morning I stopped by the Conference Center at Navy Pier for a look at the Chicagoland Cooperator‘s Condo HOA and Co-op Expo. Years ago I ran half a dozen home shows in Chicago and know how difficult it is to draw a crowd and have a successful show the first time out. This show... Read more »

The Pierre, a prominent but often-overloooked Lincoln Park high-rise

Many of Lincoln Park’s older high-rise buildings are often overlooked by buyers, especially buyers looking for family-sized homes. The Pierre, 2100 N Lincoln Park West, is one of those prominent-on-the-park but seemingly out-of-sight buildings. Built in 1918 and converted to condos in 1974, it offers an extensive suite of services and amenities, including a rooftop... Read more »

Will proposed new South Loop apartments get built?

If you check in on our recently-updated list and map of new downtown apartment projects you’ll see that more than 8,000 apartment units are either underway or in various stages of the process. Will all those units be built? Not likely, says Steve Fifield, who recently broke ground on the 34-story, 496-unit K2, the fifth... Read more »

VA loans and mortgage myths

VA-guaranteed loans may be the most misunderstood type of mortgage loan in the market today. Some time ago I met with Daniel Chookaszian, whose company since became a part of Baytree National Bank & Trust. Chookaszian specialized in VA loans, and volunteered with retired and disabled veterans. Terry Savage recently reminded us that VA loans... Read more »

New East Village single-family sold before video

Back in olden times you often saw the phrase “sold before print.” The current version is “sold before video.” This house went under contract prior to our video shoot, after coming on the market at $869,900. Each of the homes I’ve seen from Noah Properties has had a few signature touches: lavish kitchens and baths,... Read more »

Rodkin visits a Marshall classic on East Lake Shore Drive

A while back Chicago Magazine’s Dennis Rodkin announced that he would be doing more of his videos solo, unaccompanied by an agent or owner, and he’s followed that plan in a recent visit to a Benjamin Marshall classic. The 27-unit co-op building at 999 Lake Shore Drive was designed by Marshall, and was the first... Read more »