Category: New construction

Hottest Chicago New Construction Neighborhoods 2020 - Condos/ Townhomes

Hottest Chicago New Construction Neighborhoods 2020 - Condos/ Townhomes
As a follow up to my annual review of new single family home construction in Chicago I’m now looking at where the new condos and townhomes are being built in the city. This analysis is based upon condos and townhomes that are either currently listed for sale or have been sold (closed, contingent, or pending)... Read more »

Hottest Chicago New Construction Neighborhoods 2020 - Single Family Homes

Hottest Chicago New Construction Neighborhoods 2020 - Single Family Homes
My annual review of Chicago’s new construction is one of my favorite posts of the year because it really helps me and others get a read on which neighborhoods are on the move and how fast it’s happening. Want to know where gentrification is happening? Just look for the new single family homes being built... Read more »

Before Buying A Lot In Chicago You May Want To Test The Soil

Before Buying A Lot In Chicago You May Want To Test The Soil
This doesn’t come up very often because it’s kinda weird and relatively rare. You find a lot with an old building on it in a nice neighborhood and you’d like to build your dream house there. It should be as simple as buying the property, tearing down the old building, and building a new one.... Read more »
Advertisement:

Chicago's Most Expensive Single Family Home Sales Of 2019

Chicago's Most Expensive Single Family Home Sales Of 2019
If I thought the high end of the Chicago single family real estate market was tepid in 2018 then 2019 was actually pretty cold. I define the high end as anything over $4 MM and there were only 9 of those sales last year compared to 14 in 2018. And Chicago’s most expensive home sold... Read more »

Chicago Mayor Blocks Aldermen's Crazy Plan To Stop Gentrification

Chicago Mayor Blocks Aldermen's Crazy Plan To Stop Gentrification
Two Chicago aldermen,┬áRoberto Maldonado (26th) and Carlos Ramirez-Rosa (35th), have been concerned for some time about gentrification in their wards, driven by the success of the Bloomingdale Trail. They’ve come up with a few different ideas for stopping the inevitable and apparently none of them are working. Who would have seen that coming? So their... Read more »

Hottest Chicago Condo / Townhome New Construction Neighborhoods 2019

Hottest Chicago Condo / Townhome New Construction Neighborhoods 2019
I’m finally getting around to this follow up post on Chicago new construction. A couple of weeks ago I looked at single family homes and now I’m taking a look at condos and townhomes. As with my last post I’m using a slightly different methodology that includes more legitimate properties than my previous method. I... Read more »
Advertisement:

Hottest Chicago New Single Family Home Construction Neighborhoods 2019

Hottest Chicago New Single Family Home Construction Neighborhoods 2019
On Thursday I provided a quick overview of the new construction real estate market in Chicago which showed continued strength in this segment. Since then I stumbled on a Crain’s article where Dennis Rodkin pointed out that Chicago building permits were down significantly from a year ago so we would expect fewer new homes being... Read more »

Chicago New Construction Real Estate Market Review

Chicago New Construction Real Estate Market Review
I’m a bit overdue with my annual analysis of Chicago’s new construction real estate market. But before I get started on showing you where the single family homes and condos/ townhomes are being built and at what price points I thought it would be a good idea to step back a bit and give you... Read more »

The Decline Of Chicago's 2-4 Flat Rental Buildings

The Decline Of Chicago's 2-4 Flat Rental Buildings
Back in late April the DePaul Institute For Housing Studies (these guys produce great housing data) produced a report on The State Of Rental Housing In Cook County which showed a fairly significant decline in the number of rental units available in Cook County in 2-4 flat buildings. The county (mostly Chicago, right?) has lost... Read more »
Advertisement:

Chicago's Hottest Neighborhoods For New Single Family Home Construction In 2018

Chicago's Hottest Neighborhoods For New Single Family Home Construction In 2018
Last week I reported on Chicago’s Hottest Neighborhoods For New Condo Construction In 2018. As a follow up to that post I’m now taking a look at single family home new construction. Last year there were 504 new homes with activity in a 12 month period. This year is only slightly lower at 485 homes... Read more »