Chicago Real Estate News & Neighborhood Notes

Top 5 Most Expensive Single-Family Homes in Lincoln Park (Currently)

Lincoln Park is where you’ll find some of Chicago’s most expensive real estate on the market. But unlike the city’s downtown core, where condos dominate the housing landscape, jaw-dropping asking prices in Lincoln Park are usually attached to sprawling single-family homes with all the bells and whistles.

1932 N. Burling Street - $45M

Currently the priciest home listed on the Chicago real estate market, 1932 N. Burling is a sprawling, 25,000 square foot mansion situated squarely on one of the city’s most exclusive streets. Inside you’ll find 6 bedrooms and 11 bathrooms, and the home grounds are meticulously maintained and feature multiple fountains, a reflecting pool, and an antique garden pavilion that resembles something reminiscent of the French…

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Where to Buy a New Construction Condo in Chicago in 2021

Thinking about a new construction condo in the new year? Here's where you'll want to start your search in 2021...

Tribune Tower East

One of the most anticipated new properties out there is Tribune Tower East. At 102-stories high, the building will someday take over as Chicago’s second tallest building. It will eventually house hundreds of condos, a hotel, a large parking garage, some retail space and likely plenty of added amenities.

Cirrus Chicago

Another luxury property is coming to Lakeshore East. Cirrus brings with it a long list of amenities, including an outdoor swimming pool, fire pits and a dog park. In addition, you’ll eventually find a fitness and yoga studio, a bike room, an indoor pool and lounge, along with a massage room, a wine…

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A Quick Snapshot of Lakeview's Luxurious New Clark Collection Condo Development

As the newest luxury development of its kind in Lakeview East, The Clark Collection is definitely making a grand showing. This new construction, boutique property offers three-bedroom condos with up to 2.5-baths and some desirable outdoor space.

Made up of a total 12 units, the condos of this property come complete with wide-plank Oak hardwoods, high ceilings and large master baths with heated floors. The condos also include European cabinetry, quartz countertops and high-end appliances.

The penthouse units add in private elevator access and roof decks, as well as sweeping views of the lake, Wrigley Field and the city skyline. While all units come with large front patios, the option exists to purchase additional rooftop deck space for an extra fee.

The…

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Pandemic Effect: Condo Inventory Expanding as Overall Housing Inventory Tightens

If you’re interested in buying a condo in the near future, you’ll likely have plenty of options to choose from. As the pandemic continues, we’re seeing fewer single-family homes on the market to choose from but more condos.

According to Black Knight’s new Mortgage Monitor report, the available home inventory is at an all-time low, but condos are seeing more availability right now. That’s especially true in larger cities that seem to be losing residents.

Some believe it may be the result of home buyers looking for more space for their families, and more outdoor opportunities amid the ongoing pandemic. While some may be in search of a place with more work-at-home and remote learning space, others may simply be less concerned about living farther out if they…

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Lavish New Residences at St. Regis Welcomes First Residents

Construction on the recently renamed St. Regis Chicago is wrapping up and the city’s new 95-story high-rise is finally starting to welcome its first residents. As reported by Crain’s, developers of the project said first move-ins took place in earlier this month and will continue to happen regularly moving forward.

For buyers immediately moving in and opting not to rent out their unit, the 47th floor amenity level still isn’t finished, and the hotel and hospitality offering aren’t quite ready yet either.

Along with the building’s 393 condo residences, plans also called for a 191-room hotel, which will include Alinea Group-run bars and restaurants as well.
Although a number of St. Regis Residences on the MLS are labeled pending, just 3 are active,…

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Luxurious Halsted Flats Apartment Building Near Wrigley Field Listed For $125 Million

The luxury apartment building known as Halsted Flats has hit the market for the second time in as many years, this time with a price tag of a cool $125 million.

Located at 3740 N. Halsted and only blocks from Wrigley Field, Halsted Flats contains 269 units with studio, one-, two-, and three-bedroom floor plans.

According to Crain’s, Halsted Flats is one of the largest apartment buildings to be listed since the pandemic started, and its location outside of downtown is actually what could make this a more attractive opportunity right now than something in the heart the city, where uncertainty in pricing and demand heading into next year and beyond still looms.

Recent data from CoStar shows Halsted Flats is 91% occupied and the average rental price…

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Inside Lincoln Park’s Impressive New Orchard Private Residences

Lincoln Park’s Orchard Residences is easily one of the most exclusive properties for condo buyers seeking privacy and style with a coveted address. Residents of The Orchard not only enjoy top amenities, but also classically designed residences constructed to appeal to upscale buyers.

The property offers up on-site fitness with a private training studio, concierge service and on-demand housekeeping. You’ll also find a landscaped roof with space for dining and lounging while overlooking the lake, Lincoln Park and the city skyline.

The amenities extend beyond The Orchard to those inside the nearby Lincoln Common apartment towers. The property additionally offers a heated parking garage, while individual units in the building enjoy private terraces.

With just…

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Where to Search Million-Dollar Lofts in Chicago Heading Into 2021

Looking for the ultimate urban living experience to ring in the new year? Here's where buyers will find some of Chicago priciest lofts heading into 2021...

333 W. Hubbard

Some sophisticated options exist within 333 W Hubbard. Also called Union Square Lofts, the property currently has a couple of million-dollar lofts on the market, as well as some priced even higher than that. The price point offers a large amount of living space, with private balconies and plenty of high-end additions throughout.

The Ronsley

At home in River North, The Ronsley is another impressive option for buyers in this price range. The multi-level units are designed to feel more like single-family homes, with large rooftops and decks for additional living and entertaining…

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What Chicago Home Buyers Need to Know About VA Loans

If you’re comparing home loans, you’ve probably come across VA Loans.

Sure, they sound appealing. Afterall, a VA Loan can mean as little as $0 down.

The catch, of course, is that not everyone qualifies.

This type of loan first came about in the mid 1940s. The idea was to help service members who didn’t necessarily have excellent credit or a down payment to buy a home.

To this day, VA Loans still make it possible for veterans and active military members to purchase a home.

To get a VA Loan, you have to either be a

• Veteran
• Active service member
• Military Spouse (certain qualifications)

A Certificate of Eligibility, or rather COE, is used to confirm you do indeed qualify for the benefits of a VA Loan.

If you do qualify, a…

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Chicago Plan Commission Approves New Luxury Condo Tower and Distribution Center

The Chicago Plan Commission recently gave its approval to two major projects. The first is a new condo tower in the Gold Coast.

The 35-story building is slated to go in at 40 W Oak Street, just across the street from a local library and elementary school. Plans call for 75-units to grace the luxury tower. The original plan was for 90 condos in a taller design, but it was pared back after feedback from the community.

It will also include some new parking spaces. The entire Gold Coast project replaces an existing parking garage.

Despite some opposition, the commission also recently narrowly endorsed a new Amazon shipping and logistics center. It’s scheduled to go in at 2424 S Halsted Street in Bridgeport.

The 112,00 square foot distribution center includes 15…

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