Tag: Loop

Another round of cut-rate prices at 200 North Dearborn

According to a recent article about 200 North Dearborn in the Chicago Tribune the development has begun a “final closeout sale.” Nicholas Gouletas, American Invsco’s chairman and CEO, touted “savings of up to $231,600 off the original pricing for cash purchases.” Some examples of the current deals: One-bedroom condos start at $222,552, reduced from the... Read more »

A view over Grant Park from the Richelieu Flats

Crain’s is reporting that developer Louis D’Angelo is converting a vacant building at 318 S Michigan Ave into 5 luxury condos: The project features four 2,650-square-foot full-floor residences priced from $1.35 million to $1.45 million and a 4,300-square-foot penthouse being offered as raw space for $2.3 million. Buyers can pick their own finishes, including cabinets,... Read more »

Is downtown Chicago headed for a glut of new apartments?

Quite a few real estate developers and lenders apparently don’t think a glut is on the horizon. Their confidence has been buoyed by the rapid absorption of the half-dozen new rental towers that opened for occupancy within the past two years, by favorable demographic trends and by a perception that downtown Chicago is becoming an... 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 »

MLS-listed downtown rental inventory increases

The number of downtown homes and condos listed for rent in the local MLS increased modestly this past week, as it had in the previous two weeks. There are now 789 homes and condos listed for rent in the 14 ZIP codes that we track. This is the highest number available since mid-May, and in... Read more »

Rent an apartment or a condo at Lakeshore East?

The Lakeshore East mega-development on Chicago’s New East Side has three rental towers, The Tides, The Shoreham and Aqua, which also has condominiums and will include a hotel. You can also typically find a few units for rent in the Lakeshore East condo buildings: Aqua, The Regatta, The Chandler, The Lancaster and 340 on the... Read more »

Preview thirteen Sunday open houses in a YoChicago video extravaganza

Thirteen Chicago homes at which we’ve shot video recently are open for viewing on Sunday, May 22. Preview the homes in our videos, then head out to your favorites. Check back often at YoChicago, or search our video page, for a closer look at the places, spaces and faces that make Chicago a great place... Read more »

Your four condo rental choices in 60602: all one-bedrooms, priced from $1,250 to $2,150

The 60602 ZIP code, which covers the part of the Loop stretching from Michigan Avenue (and therefore Millennium Park) west to Wells Street and from Randolph Street south to Madison Street, is typically light on condo rental listings compared to most other downtown ZIP codes. Each of the four homes in 60602 currently listed on... Read more »

200 North Dearborn slashes prices

American Invsco needed to sell 36 units quickly in order to requalify for major financing programs at 200 North Dearborn in the Loop. How to accomplish that in a difficult condo market? A simple strategy: slash prices by 40 to 55%. The results were quick in coming, according to sales manager Jim Feldman, who says... Read more »

Sisters love the views from 235 Van Buren in the Loop

What do sisters Alicia and Gabby like about their new condo at 235 Van Buren in Chicago’s Loop? Most of all, Alicia and Gabby love the east views of the lake and Buckingham fountain from their 44th floor unit, and the walk-to-school, walk-to-work, close-to-transportation convenience of their location. This is one of a series of... Read more »