Chicago Real Estate News & Neighborhood Notes

Despite the effect of an ongoing pandemic, it seems investors and developers still have an eye on the Fulton Market neighborhood. According to published reports, an investor recently closed on a $20 million industrial property that will reportedly be turned into hundreds of new apartments.

A new office property is expected to break ground soon, as well. Together, reports suggest the two projects could benefit each other, giving office workers a place to live that’s in the same neighborhood and close to work.

Another one-million or so square feet of office space is under construction right now and should deliver by the end of 2020. Some investors are banking on the neighborhood’s long-term potential.

That’s why they snapped up property in the neighborhood

For luxury and exclusivity in Chicago’s Budlong Woods neighborhood, consider the new construction possibilities of 5442 N Western. This brand-new rental property offers the appeal of a rental and the luxury of a large amount of living space.

In fact, it’s said these apartments feel more like living in a single-family home. Starting at around 1,400 square feet in size, the largest unit easily command more than 3,300 square feet of living space.

With the option of two-to four-bedrooms, renters can either choose from a simplex, a duplex up, or a duplex down unit. All renters, meanwhile, have the option of sharing a large rooftop deck with incredible city views.

You will also find some private outdoor terraces, plus such upscale features and finishes as quartz

From its location to its luxurious options, you’re sure to love living at 1400 W Monroe. Found right in Chicago’s West Loop, the building offers your choice of more than 40 upscale residences.

This new construction property includes mostly two- and three-bedroom floor plans with custom kitchens and large master suites. The sophisticated building also offers large private balconies and some outdoor terraces, as well. 

In addition, you’ll find such conveniences as deeded garage parking, storage lockers, a dog-washing station and some fantastic views overlooking Skinner Park and the city’s skyline. A two-bedroom unit in the building may supply around 1,200 square feet of living space, while a three-bedroom unit can easily top 1,800 square feet.  

The West Loop has been one of Chicago’s hottest neighborhoods for several years running and  Chicago-based Belgravia Group’s latest condominium project, CA6 West Loop, is only the latest example that backs up that claim.

According to recent reports, the seven-story, 72-unit development has already pre-sold 35 percent of its units well before construction has even started.

For those still unfamiliar with Belgravia’s latest high-profile project, CA6 will feature three-bedroom/three-bathroom and four-bedroom/3.5-bathroom duplex layouts, representing the most sought-after floor plan in the West Loop right now.

Not surprisingly, CA6 condos for sale won’t come cheap for anybody interested in the building. Prices for duplex condos still remaining start at a cool

A River North townhouse that was once owned by actor Vince Vaughn has once again sold, this time for $1.72 million.  

According to The Tribune, Vaughn owned the residence from 2005 to 2015 and paid $1.42 million for it. Around that same time in 2006, Vaughn also shelled out $12 million for a spectacular, triplex penthouse in the Palmolive Building, one of Chicago’s distinguished vintage high-rises.  

Since Vaughn sold the River North townhouse for $1.4 million in 2015, the property changed hands again in 2018, and most recently back in July after the previous owners renovated the interior. 

The townhouse, which has 4,063 square feet, includes five bathrooms, an attached three car garage, custom millwork, premium kitchen appliances, two wine

Sales are well underway for one of Chicago’s newest luxury towers Parkline Chicago located at 60 E. Monroe in Chicago’s Loop.

The building’s sales gallery officially opened back in March. When finished, the development will include two-dozen condos, along with nearly 200 apartments and thousands of square feet of ground-level retail space.

The condos of Parkline Chicago will be located on the upper floors of the building, and are expected to serve up some outstanding lake, park and skyline views. Buyers will be treated to large outdoor terraces and floor-to-ceiling windows for admiring the views.

The tower is also expected to include a private lobby for condo owners and an owners-only amenity floor including a sky terrace, a library, a catering kitchen and

If you haven’t already heard, Bronzeville might be one of Chicago’s hottest neighborhoods the average home buyer hasn’t considered. But according to recent housing market stats highlighted by Crain’s, that could be on the verge of changing quite rapidly.

Just within the last year, Bronzeville has actually become very popular, especially among home buyers looking for more space. Since mid-summer, the average size of a Bronzeville home that traded for between $500,000 to $750,000 was 3,600 square feet, which is significantly more space than what buyers were getting in other nearby neighborhoods like Bridgeport and Hyde Park at that same price range.

Also noted by Crain’s is that 84 homes have sold in Bronzeville for $500,000 or more within the last year,

A part of Chicago’s Printers Row neighborhood, Imprint presents luxury apartments in a prime setting. The building includes such desirable amenities as a full fitness and wellness studio, a top floor observation deck and a terrace with room for grilling and fire pits. 

The building also includes a private dog run, a library, co-working space and a residential lounge, among other things. Options in the building start with a studio floor plan for around $1,300 a month.  

There is also a slightly more expensive convertible, or the option for a junior one-bedroom, which rents for around $1,700 a month. A one-bedroom, one-bath unit is priced just under $2,200 per month. 

For about $250 more, renters can choose a one-bedroom plus a den with two-baths.

Another Gold Coast luxury property is now off the market, in case you missed it. Former University of Oklahoma football coach Bob Stoops recently sold one of his properties for $1.68 million.

Stoops and his wife paid $2.2 million for the property in 2006. It had originally been on the market for considerably more.

Stoops put the Greystone up for sale in 2017 for $2.7 million after purchasing another row home right next door. Over the years he’s reportedly made five price cuts to the home.

Most recently the property was listed for just under $1.8 million. The four-story mansion was built in the mid 1880s.

It includes 3.5-baths, five fireplaces and an eat-in kitchen with a large island. In addition, the property features high ceilings, a lower level family

Shoppers now have more luxury brands to choose from in the Gold Coast. The neighborhood recently welcomed in Q Clothier and Rye 51.

The side-by-side luxury retailer found its new home on Oak Street. The boutique is said to cater to a customized experience, with everything from casual to business casual and formal attire. The company prides itself on a one-on-one shopping experience.

Dallas-based Q Clothier supplies custom clothing for men. Shirts, pants, suits, jackets and formalwear is all tailored to a client’s wishes. Fittings can be done in-store, at home, at the office or started online.

Rye 51 also offers a personal shopping experience but tends to deliver more casual options. Clients are able to shop for jackets, denim, outerwear, accessories and