Tagged : Lincoln Park Real Estate

Several major downtown neighborhoods like the West Loop, South Loop, River North, and even part of the Loop are known for classic and historic loft conversions that continue to “wow” Chicago home buyers. But in a city as large as Chicago, old warehouses and industrial buildings that now house some of the most desirable residential real estate are located all over the city and are just waiting to be found by home buyers looking for the ultimate urban sanctuary.  

For obvious reasons, Lincoln Park is one of the more popular neighborhoods situated on Chicago’s north side. Its close proximity to the lakefront, broad range of restaurants and boutique shops, and tight-knit community feel make for an attractive option for a lot of different people, but one

While the Chicago real estate market has remained hot during the early part of 2017, an interesting piece in Crain’s revealed now may not be the best time to list a luxury home in Lincoln Park. 

According to data in the report, 69 luxury Lincoln Park homes were added to the market last month, bringing the total number of homes listed to 169, which now marks a two year high. And with sales numbers remaining steady, the selling inventory is now bringing home prices in the area down. 

Going off of recent numbers from the Chicago Association of Realtors, homes in Lincoln Park that went under contract last month had a median asking price of under $1.5 million, which is well below the median asking price just one year prior of $1.85 million. And while

From a design standpoint, 2035 N. Orleans is one of Lincoln Park’s most unique condo developments currently under construction given its exterior facade will incorporate an old 1930s-era parking garage that will no doubt give the building an added sense of character and allure.  

A luxury development that will only feature 10 units, however, opportunities to own a condo at 2035 N. Orleans will no doubt be limited. But just recently, the building’s ultra-luxe penthouse units officially hit the MLS, present high-end condo buyers with two of Lincoln Park’s most expensive options currently on the market, asking $3,650,000 and $3,500,000 respectively.  

Penthouse E, the more expensive of the two units, features five bedrooms and five bathrooms while also

If you noticed a new $50 million listing on the MLS today, we thought we’d clarify that you didn’t actually misread anything—that really is a 25,000 square foot mansion in Lincoln Park that’s asking a record-setting price.  

According to reports, the sellers built the home less than a decade ago after combining seven city lots, which were purchased for $12.5 million back in 2005. Now spending more time in Florida and hoping to downsize, the time to sell this now-iconic mansion has apparently arrived, even despite likely taking a loss on the property. 

As specially mentioned in the Tribune, the current owners spent a whopping $65 million to build the home, which also includes the land costs. But citing “the reality of the market” as to why a loss

Traditionally, the summer months bring a little bit of a slowdown to the Chicago real estate market, but a recent article from Chicago Agent Magazine documented higher sales activity in the city of Chicago over the broader Chicagoland region over the entire month of June. Using data from Redfin, several charts relating to the total home sales, single-family home sales, and condominium sales in several of Chicago’s hottest neighborhoods are featured below; and as you can see, the Lincoln Park real estate market seems to be on fire as we enter the dog-days of summer.

A recorded 120 condo sales, just one sale under the Lakeview total, and 61 single-family home sales were seen in Lincoln Park last month, while other high-activity neighborhoods included