Chicago Real Estate News & Neighborhood Notes

Chicago is famous for its summer festivals, and with June being the month that really kicks the summer season off, there’s plenty to do around town all season long. In some ways, it’s hard to believe we’re already a week down in the month, but the good news is there is still plenty to look forward to over the next few weeks.  

Spring Awakening Music Festival - June 7-9

The latest electronic music festival in the Midwest hits Hoffman Estates June 7th thru 9th.

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Chicago Blues Festival - June 7-9

A spotlight on the famed Chicago-born music tradition at Millennium Park’s Jay Pritzker Pavilion.

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World Naked Bike Ride - June 8 

A clothing-optional bike ride hits the streets of Downtown Chicago. 

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At home in one of Chicago’s most desirable areas, the West Loop Collection offers up dozens of new condos in a coveted setting. With eight units per building, buyers have the choice of a more traditional single-story condo, a four-bedroom duplex or even a penthouse duplex. Altogether this presents a number of luxurious options.

Ranging from three- to four-bedrooms, the units of West Loop Collection offer expansive floor plans to meet the needs of upscale buyers. Prospective new residents can expect to find such high-end additions as custom Italian cabinetry, premium appliances and wide plank oak hardwoods.

As well, the new units are outfitted with private balconies or rooftop decks, large kitchen islands and plenty of added extras. Buyers of the new West

Two new apartment projects are in the works for Chicago’s South Loop. The first apartment tower is slated for Wabash Avenue, while the other building is planned for LaSalle Street.

The Wabash Avenue plan is proposed to go in where a parking lot now sits at Wabash and Van Buren. The 24-story apartment tower plans for nearly 350 rental units. More than 200 of them would likely be efficiency units, while the others are planned to consist of one-bedroom, two-bedroom and even three-bedroom floor plans.

The other property, meanwhile, sits only about three blocks away. The proposed apartment building would stand 17-stories high and would include several fully furnished private bedrooms with shared common space. Rental prices would include the furnished unit,

A number of major developments aim to change Chicago's landscape, but these 3 are the ones that standout to us most.

The 78

One of the massive developments currently in the works is The 78. Found between Chinatown and South Loop, the project aims to bring with it a number of high-rises, housing thousands of residential units. Before any construction begins, though, The 78 requires new infrastructure improvements in the area, including a Riverwalk, new streets, a realignment of the current Metra tracks and a new Red Line station.

Lincoln Yards

At 55-acres, the multi-billion-dollar Lincoln Yards brings with it thousands of new residential units and parkland to the area. The site sits between Bucktown and Lincoln Park, with plans for transforming

With the added enjoyment of stunning park, lake and city views, NEMA certainly delivers on luxury. This brand new building is home to hundreds of new apartment homes, including everything from a lower-level studio to a sweeping four-bedroom design.

The building also offers a massive amount of amenity space, ranging from the indoor/outdoor swimming pool to a golf simulator, boxing gym and even a basketball court. The rentals of NEMA are, of course, equally as impressive.

Right now on the MLS you’ll find rentals including a cozy studio with nearly 500 square feet of living space. The unit comes with garage parking, priced at under $1,800 per month. Other options include one of the larger one-bedroom units, or even a two-bedroom, two-bath unit with up to

South Loop development is booming right now, and in case you haven't noticed, here's a closer look at 3 of the neighborhood's newest jaw-dropping additions..

NEMA

Right on Grant Park, NEMA serves up 76-stories of luxury overlooking Chicago. As the tallest residential rental building in the city, the new NEMA tower provides everything from studios to four-bedroom rentals, complimented by such unique amenities as a golf simulator, indoor and outdoor swimming pool and a boxing gym.

1000M

Another luxury option sits right on Michigan Avenue. The sophisticated 1000M enjoys everything from a cozy one-bedroom floor plan to a sweeping penthouse unit. The new building also provides for a sun deck and outdoor swimming pool, a spa, a library and a Sky

Looking for a sweet new condo rental or apartment near downtown's Chicago Avenue Red Line station? We have a few buildings in mind that may be the perfect place to begin your search.

111 E. Chestnut

With a swimming pool, party room, fitness center and more, the sophisticated rentals of 111 E. Chestnut have plenty to offer new residents. Just steps away from some of Chicago’s most vibrant shops, restaurants and attractions, the building also sits within an easy walk of the Chicago Avenue Red Line Station.

2 E. Erie

Another option close to the Red Line is found at 2 E Erie. The building’s convenient location is just part of its appeal. Residents also enjoy use of a fitness center, party room and a sundeck, with some one- and two-bedroom rentals

It’s only been open a few months, but already Young American is creating quite a stir in Logan Square. This hip new progressive bar and restaurant recently opened its doors along Kedzie Avenue, but it’s far from ordinary.

If you want something truly unique, go for one of the bar’s CBD-infused cocktails. Customers can also choose to have CBD powder added into one of the bar’s spirt-free drinks. There’s even a drink on the menu called “Fort Nite”, but it has nothing to do with the popular video game.

Unlike the set-up in traditional bars and restaurants, at Young American it’s common for kitchen workers and servers to occasionally switch roles, then divvy up the tips at the end of the night. The location also includes space for a DJ and to dance.

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If you’re looking for a new restaurant to try in River North, we found two great places that are definitely worth checking out.

Parlor River North

Parlor Pizza Bar recently opened its third Chicago location in the River North neighborhood. Like its other two locations, the new Parlor serves up an industrial vibe, while dishing up a variety of pies, local craft beers and cocktails.

The location also has two exclusive River North additions to the menu, including a pizza and a dessert. Parlor Pizza Bar River North is open every day of the week for lunch and dinner.

Wahlburgers

Just last month Wahlburgers opened its very first Chicago location. If the name looks familiar, that’s because it’s connected to Mark Wahlberg and his family. The chain

From its convenient address to its added extras, 1400 W Monroe is hard to top. In fact, we’ve found three things you’re sure to love about living in this West Loop building.

To begin with, the location is top notch. Just adjacent to a dog park, the building also enjoys a convenient location that’s close to area restaurants, bars, and even Chicago’s new McDonald’s headquarters. This puts everything you need and want in the area easily within reach.

The available layouts are equally impressive. The property features a spacious collection of two- and three-bedroom units, with thoughtfully designed homes and large floorplans sure to appeal to the needs of today’s most discriminating buyers.

Not to be outdone, the finishes of 1400 W Monroe are equally noteworthy.