Tag: South Loop

Rental market still strong in downtown Chicago

The leasing office at The LEX, a South Loop condo tower turned rental, has been open for only a month. I received an email update from a representative of The LEX yesterday relating that 108 apartments (32.83%) have been rented and 51 of them (15.5%) are occupied. The rent-up pace at The Lex is just... Read more »

A look at Lucien Lagrange buildings, built and unbuilt

In the above video Lissa Weinstein takes you on a walking tour of six buildings designed by architect Lucien Lagrange: The Park Hyatt, 840 N Lake Shore Dr, The Elysian, 65 East Goethe, 2520 Lincoln Park West and the Ritz-Carlton condos. Lagrange has designed in a variety of styles, but these buildings all showcase a... Read more »

A character-laden South Loop loft with a roof deck

When you think of a loft you conjure sunlit sprawling spaces with high ceilings, exposed brick, and a lot of character. Too often all you find is a dark space with all the character of a bowling alley. The 3,000 square foot, 3-bedroom, 3-bath top-floor loft at 1617 S Michigan Ave is likely to satisfy... 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 »

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 »

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 »

A scarce 3 bedroom condo rental in the Prairie District

Three-bedroom rentals are scarce in the South Loop‘s Prairie District, and finding one for under $3,000 a month can often present a challenge. There’s currently a 3-bedroom, 2-bath unit that’s said to approximate 1,600 square feet available at Prairie District Tower, 1717 S Prairie Ave. The $2,500 a month rent includes a parking space, heat... Read more »

Free parking and more in the South Loop, at The Columbian

The Columbian, which bills itself as “the best deal on Michigan Avenue” is advertising free parking and up to $20,000 in “decorating dollars” on its “closeout price” units in the South Loop. The decorating credit is $5,000 for 1-bedrooms, which start at $299,900, $10,000 for 2-bedrooms starting at $399,900, $15,000 for 3-bedrooms starting at $709,900... Read more »

New-ish 2BR lofts in the South Loop, priced to rent at under $2K

If you like the loft aesthetic — timber, brick, concrete, high ceilings, big windows, etc. — but also want a home that feels new, you’ll probably gravitate toward the city’s most recent loft conversions, where you’re more likely to find that holy trinity of granite countertops, 42-inch cabinets, and stainless steel appliances. Several of those... Read more »

What $2,000 will rent in the South Loop

The median price for a downtown home listed for rent on the MLS is holding steady at $2,000 a month. In the past seven days, two condos, both in the South Loop, have been listed at that exact price. Here’s a little info on each: Unit #103 at 1169 S Plymouth Ct: A two-bedroom /... Read more »