From the category archives:

Near North Side

2 bedroom 1 bath vs. 2 bedroom 2 bath condos for sale in Chicago

Thumbnail image for 2 bedroom 1 bath vs. 2 bedroom 2 bath condos for sale in Chicago March 1, 2010

After meeting with some sellers this past weekend about selling their 2 bedroom 2 bath townhouse, I got to wondering about how much of a difference a second bathroom adds to the value of a 2 bedroom condo or townhouse for sale. My research in the multiple listing system on 2 bedroom resales for the [...]

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Chicago Tribune reports on oversupply of downtown apartment rentals

Thumbnail image for Chicago Tribune reports on oversupply of downtown apartment rentals February 12, 2010

Today’s Chicago Tribune has a good article by Mary Ellen Podmolik on the deals available on downtown apartment rentals. According to the article, “A record 2,234 apartments will be added to downtown Chicago this year; increasing the supply of rental units at a time when inventory is already outstripping demand.”
According to Appraisal Research Counselor’s [...]

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Gold Coast’s E. Lake Shore Drive Broker Tour 01/12/2010

Thumbnail image for Gold Coast’s E. Lake Shore Drive Broker Tour 01/12/2010 January 12, 2010

This afternoon I attended broker tours on East Lake Shore Drive in the Gold Coast. Eight different agents from a variety of brokerages wisely coordinated and promoted their tours so that agents could tour 9 different condos on the 2 block strip of East Lake Shore Drive between Michigan Avenue and Lake Shore Drive. One [...]

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Chicago Gold Cost Homes for Sale with Million Dollar Discounts

Thumbnail image for Chicago Gold Cost Homes for Sale with Million Dollar Discounts January 4, 2010

A year ago I was searching homes for sale in the Gold Coast for a gentleman looking to relocate to Chicago. He put his search on hold in the spring, but recently contacted me to start sending him Gold Coast homes for sale priced up to $5M. In reviewing Gold Coast listings I found 3 [...]

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Ten East Delaware Condos include porter & other services

Thumbnail image for Ten East Delaware Condos include porter & other services December 8, 2009

Yesterday I showed 5 condos in the Near North Side and West Loop to buyers from NYC who are accustomed to having a porter in their building. While all of the 5 buildings we visited have a door person, only Ten East Delaware (shown left) will also provide a porter when units start closing this [...]

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Chicago’s most walkable neighborhoods

Thumbnail image for Chicago’s most walkable neighborhoods November 11, 2009

Today’s Chicago Tribune included a list of the 10 most walkable neighborhoods in Chicago according to Walkscore.com.
The list caught my attention since I like to walk, but also because some buyers I’m working with wrote me, “A sense of being in a city neighborhood – where we can walk to great food markets, restaurants, and [...]

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Baird & Warner lists Chicago’s highest priced residential listing for $14M

Thumbnail image for Baird & Warner lists Chicago’s highest priced residential listing for $14M November 8, 2009

Today’s Sunday Chicago Tribune article, “Wrigley chairman’s Gold Coast penthouse listing is city’s most expensive“, details Bill Wrigley Jr.’s sale of his Gold Coast penthouse for $14M. Mr. Wrigley is the chewing gum heir and chairman of Wm. Wrigley Jr. Co.
The condo is listed by Baird & Warner agents, Brian White and James Kinney. The [...]

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Financing options for some new Chicago condos improving

October 5, 2009

Crain’s Chicago Business is reporting that some new condo developments in areas including River North, Lincoln Park, and the West Loop are offering low interest, low down payment financing to spur sales.
Tightened financing for new condo developments has been holding back sales so the banks that financed the developers are now offering attractive financing to [...]

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Regional Economic Forecast 2009 Highlights 3 of 3

January 20, 2009

In part 2 of this blog post series I shared Lawrence Yun’s chart showing that the number of existing home sales have dropped back to 1998 levels.
Buyers considering a new condo in downtown Chicago need to take a good look at Gail Lissner’s chart which I recreated below. This year 4700 new condos in [...]

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2 Bedroom Condo Prices Up in the Loop, NNS, NWS & NSS, But Sales Down

October 17, 2008

Today I started searching for a 2 bedroom condo in the Loop, Near North Side, Near West Side and Near South Side for a couple who will be relocating here from Colorado.
Median sale prices for 2 bedroom condos in 3 of the 4 areas are up for the past 3 months compared to a [...]

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