Chicago Real Estate News & Neighborhood Notes

Divvy Bike Sharing Expansion Details Released


Earlier this month, stats were released for Chicago’s very popular Divvy bike sharing program, with news also coming out about a possible expansion to bring even more Divvy bikes to Chicago’s neighborhoods in addition to 3,000 that are already part of the fleet.

Yesterday, even more details were released about the Divvy expansion, which is set to get underway in the spring of 2015. Once completed, the additional bikes and Divvy bike stations added next year would bring the system total to 475 stations, with 4,750 bikes in all.

As for possible locations for the new Divvy bike hubs, the company promises many will be in parts of Chicago that don’t already have a strong Divvy presence, claiming that

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The West Loop is quite possibly Chicago’s hottest location for authentic and stylish lofts for sale. But along with all the classic interior finishes usually associated with loft conversions, which typically includes timber ceilings, exposed brick and duct work, huge windows, and expansive open floor plans, the West Loop has also transformed itself into one of the most walkable and livable neighborhoods in all of downtown Chicago, making it the most sought-after location for those only searching one-of-a-kind Chicago lofts for sale.  

Restaurant Row on Randolph Street continues to expand and feature some of Chicago’s finest restaurants, bars and eateries, while development all along Madison Street and throughout many of the West Loop’s side streets

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Chicago has hundreds of million dollar home listings currently on the market which range from lavish high-rise condos to spacious single-family homes situated all over town. Some of our favorite luxury properties to show prospective home buyers browsing the Chicago real estate market, however, are million dollar lofts for sale that feature all kinds of exceptional interior features and unique layouts that are sure to satisfy anyone who appreciates the history and urban-ambiance behind many of downtown Chicago’s hottest loft conversions and developments.

 

Neighborhoods like Streeterville and the Gold Coast are where you’ll find some of Chicago’s most expensive condominiums and historic single-family homes for sale, but if it’s a million dollar loft

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Chicago Real Estate Market

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

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Plans for a magnificent new tower were detailed this morning on Curbed, and if you haven’t seen the initial renderings, this latest proposal from Wanda Commercial Properties will likely make your jaw drop. Standing 89 stories high, the new mixed-use tower would include a 5-star hotel and both residential and commercial space. The site in which the building would be constructed is in the upscale and ultra-urban New Eastside neighborhood, just a few doors down from the renowned Aqua building.

At nearly 1,150 feet high, the new New Eastside mixed-use tower would become Chicago’s third tallest building, behind only the Willis Tower and Trump Tower Chicago. According to the outlet that first published the report, the $900 million project could be finished as

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July 4th Weekend in Chicago

While many Chicagoans flock to lake country in Wisconsin, Michigan, and Indiana for the 4th of July weekend, plenty of events and festivals are still taking place for those who are sticking around and the thousands of tourists who travel to Chicago to enjoy one of the summer’s most anticipated holidays.

If you are one of those locals who will be in Chicago for July 4th, or perhaps someone who may be spending the holiday weekend here in the Windy City, here’s a quick list of things to do in Chicago over the July 4th weekend in 2014.  

Fireworks at Navy Pier

Like any major city, or small town for that matter, there will of course be a spectacular fireworks display that will light up the sky as soon as the sun sets over downtown. This year’s July 4th

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Many associate Chicago foreclosures for sale with low-end housing in neighborhoods slightly less desirable than say, the Gold Coast for example. But in a market as large as Chicago, foreclosures are listed at all kinds of price points, of which include a number of luxury properties.

Two Chicago foreclosures for sale are currently priced over $1 million: a beautiful single-family home in Lakeview and an equally impressive townhome in the heart of River North. Other great opportunities on luxury foreclosures in downtown Chicago include a 2 bedroom, 2 ½ bath at 680 N. Lake Shore Drive; a roomy 2 bedroom, 2 bathroom at 345 N. LaSalle; and a 2 bedroom, 2 bathroom condo at 222 N. Columbus with a unique layout and a ton of potential.

If you’ve never

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So much of the downtown Chicago real estate market is comprised of towering high-rise condominiums and apartments for rent, and while there’s certainly advantages to living in one Chicago’s many skyscraping residential developments, what about home buyers or renters who want both the convenience factor and allure of living downtown, only without the high-rise lifestyle?

Well, situated directly in the heart of the South Loop—where high-rises, mid-rises, and loft conversions define the surrounding real estate landscape—a rare and perfect opportunity has presented itself for someone who truly wants all the benefits of living in downtown Chicago, but in a location that features a bit more elegance, charm, and character than many of the large-scale

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Lincoln Park Condos For Sale

Aptly named for the vast park space bordering one of Chicago’s most iconic and recognizable green spaces, the Lincoln Park neighborhood is arguably the north side’s most desirable locations for home buyers or renters to consider when searching for a new place to call home. Situated right off the lakefront and boasting a unique and robust sense of community, Lincoln Park encompasses a broad set of housing options across its boundaries, which are defined by Diversey Parkway to the north, the Chicago River to the west, North Avenue to the south and of course Lake Michigan to the east.

Generally, Lincoln Park is one of Chicago’s most affluent neighborhoods with single-family homes averaging over $1 million and other properties listing for well over that

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