Chicago Apartment News

A brand new option in luxury living comes to Chicago at Wolf Point East. The new residential tower is the newest tower to join the Chicago riverfront, and it includes some exciting opportunities.

Prime Location

The building sits at a prime location right along Chicago’s Riverwalk. The address makes it easy to enjoy time in the nearby park or enjoying nearby cultural attractions. The building also sits within a short walk of some of the best dining options and nightlife in the West Loop and River North. It doesn’t hurt, either, that residents can easily access 17 miles of lakefront trail from Wolf Point East.

Amenities

As for some of its most popular on-site amenities, the building comes with a full-floor fitness club and plenty of options for

With large tax increases expected to impact landlords, renters in parts of Chicago should probably brace for some significant apartment rent hikes in 2022. The large tax increases are being blamed on a couple of things.

First, over the course of 2021 the entire city was reassessed. That assessment level is 10-percent of a residential property’s market value.

Landlords should expect to start seeing the assessment increases from 2021 on their property tax bill in summer of 2022. Recently, the Chicago City Council approved a budget for 2022 that includes an automatic property tax increase of more than $76 million for the first time.

Higher market-value increases on properties in Chicago means higher assessed values. Analysts are already predicting that could

An apartment tower in Chicago’s Lakeshore East neighborhood is up for sale. The Shoreham is one of just a handful of large downtown apartment buildings to go on the market in recent months.

The on-going pandemic has been tough for investors, as downtown rents and occupancies took a dive last year. Some are predicting the market will warm back up again this year, and perhaps the “for sale” sign on The Shoreham is an indicator the owner believes investors are ready.

The Shoreham is currently more than 93-percent occupied, which is relatively high compared to the rest of the market. Figures show at the end of 2020 the downtown occupancy rate had fallen to less than 87-percent.

According to marketing materials, average rent in The Shoreham tower is $1,930 per

Surprise, surprise—more MAJOR development news in Chicago’s fastest-growing part of town, Fulton Market. According to a recent report from Crain’s, Chicago-based LG Development is now scrapping plans for two office buildings and a hotel and instead eyeing a new vision that would potentially include over 1,000 apartments combined.

The collection of new projects will feature a 20-story, 179-unit apartment tower along  Lake Street between May and Racine Streets; a 33-story, 486-unit apartment building along Lake Street and bounded by May, Racine, and Randolph streets; and another 400-unit apartment tower a block away at 210 N. Aberdeen Street.

With so much office space already new to the area, new residential development could soon be widespread thanks

More than 1,000 new apartments could be coming to Fulton Market. A Chicago developer is backing off on original plans to construct a new office building in the area, and instead reportedly plans to add more apartments to the former meatpacking district.

Prior to the pandemic, plans had called for an 11-story office building in the middle of Fulton Market. The plan has now switched to a 20-story apartment building with 179 residential units on the north side of Lake Street.

That’s in addition to a more than 480-unit apartment building the developer had already proposed for the south side of Lake Street. In addition, the same developer is looking at nearly 400 additional apartments for a separate project about a block away.

A few months ago, city leaders

With so many high-profile developments currently under construction, you might have missed that the latest project coming through the pipeline in Chicago’s Gold Coast neighborhood has officially broken ground.

Located at 1210 State Parkway, the new 12-story tower called “Gild” will feature 91 luxury apartment residences and also additional retail space on the ground level once finished.
The building’s design is from CallisonRTKL and will feature a wide-range of floor plans and layouts that  include studio, one-bedroom, and two-bedroom units.

As with most new construction apartment buildings in downtown Chicago, Gild will also have a desirable mix of common building amenities, including two outdoor gathering areas, a private clubroom, a

If you’re looking to make a move, there are several reasons you’ll want to consider calling 727 W Madison home.

The Breathtaking Views 

If you haven't already heard, 727 W. Madison is the tallest building west of the Kennedy Expressway, providing residents with some of the best city views in the entire West Loop neighborhood. 

The Pricing Options

737 W. Madison includes studio apartments, convertible apartments, one-bedroom, two-bedroom apartments, and ultra-spacious three-bedroom apartments. As a result, anyone interested in renting an apartment at 727 W. Madison has quite a few options to consider that range from $1,500+ studios to 3-bedroom rentals that start at just under $5,000 per month. 

The Floor Plans Are Amazing

First of all,

The on-going pandemic has been tough on a variety of industries, but downtown landlords are feeling optimistic in 2021. For renters, that could likely mean downtown deals will be harder and harder to find.

Rents and occupancies in downtown took a nosedive last year, thanks in part to so many people working remotely from home. With bars and restaurants closed too, it led to some giving up their pricey downtown rentals.

After making it through a tough year, demand for downtown apartments has started to turn around again. Demand rebounded in late 2020, helping to begin stabilizing the market.

Some of the credit to the turnaround is likely tied to the great deals that were offered by landlords. Many buildings were offering deals too good to pass up,

All of Chicago’s most expensive properties on the market have jaw-dropping features, finishes, and characteristics. But the penthouse at 1140 N. Wells might actually be one of the most impressive high-rise living spaces we’ve seen in recent memory.

Featuring 4 bedrooms, 4 full bathrooms, a den, and an extra half bathroom, 1140 N. Wells #PH includes 8,500 square feet of living space across two separate levels and a private rooftop terrace that might take home the trophy for Chicago’s best private outdoor setup of any condo or apartment building. Included on this exclusive rooftop terrace is a 20-foot swimming pool, hot tub, multiple dining spaces, plenty of lounge areas, and even an outdoor shower.

Inside this ultra-luxe apartment you’ll find

For fantastic views, top amenities and plenty of private inclusions, it’s easy to come up with at least three great reasons to rent at 61 E Banks in 2021. This newer construction building sits in Chicago’s Gold Coast neighborhood, and certainly offers an appealing option for renters searching in the area.

Spectacular Lakefront Location 

The boutique at 61 E. Banks property enjoys some impressive lake views in an ideal setting. And outside of each individual unit, some of the best views are possible from the building’s private rooftop club and terrace.

Pet-Friendly Combined with Luxe Amenities  

The pet-friendly building also adds in such desirable amenities as a valet, garage parking, a fitness center and a full-time concierge. In addition,