Chicago Real Estate News & Neighborhood Notes - River North Real Estate News

3 Reasons to Buy a Condo at 56 W. Huron

If you’re in the market for a Chicago condo we’re sure that you’ll find plenty of reasons to like 56 W Huron. To make it simple, though, we’ve narrowed it down to just three great reasons.

The first reason has to do with exclusivity. The boutique building is home to just 10 full-floor residences and one duplex penthouse. If you’re interested, though, you’d better act fast, as only a handful of units remain for sale in this stylish new construction building.

Another great reason to choose the property is its location. While the property rises up above a quiet River North street, it borders the Gold Coast. This makes it easy to enjoy what you want and desire in the area.

Finally, consider the luxury of the individual units. All priced above $1 million, the…

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River North’s Top Buildings for a Rental Near the Chicago Avenue Red Line Station

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…

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Here’s Where You Should Search Timber Lofts in Downtown Chicago This Spring

Looking for a classic urban loft in Downtown Chicago this spring? We know just where you should begin your search...

711 S. Dearborn

With open floor plans and impressive additions, the uniquely designed 711 S Dearborn allows for exposed brick and timber lofts in Downtown Chicago. Buyers can expect to find plenty of charming attributes, including a location that’s steps away from dining and public transportation.

360 W. Illinois

Also called the Sexton Lofts, 360 W Illinois enjoys timber lofts with a location close to shops, galleries and dining. This River North building provides its residents access to a rooftop deck, fitness center and a doorman.

312 N. May

New buyers can expect to find high ceilings and hardwood floors with the timber…

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Brisk First Quarter Finish For Chicago’s Housing Market

The Chicago city housing market cooled in the first quarter of the year, with the city performing much like the suburbs. Of the city’s 77 neighborhoods, sales were down in more than half of them during the first few months of 2019. Local agents have seen homes in some neighborhoods take longer to sell than they did during the same time period a year ago.

Analysts look at three key measures in determining a local market’s vitality. This includes the number of homes sold, the average time homes sit on the market and the median sale price.

In condos and townhomes specifically, no city neighborhoods saw improvements of all three measures during the first quarter of the year. In fact, only two neighborhoods in the Chicago area saw improvement in all three key…

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One Chicago Square High-Rise Secures First Construction Permit

The One Chicago Square development recently gained its first construction permit, allowing crews to forge ahead with the new project. The $46 million building permit allows the developer to move forward with the project’s foundation and an underground parking garage.

Back in March crews began demolition work at the site. One Chicago Square takes the place of a parking lot that formerly belonged to the nearby Holy Name Cathedral, and some other older buildings in the area.

The new development, however, is expected to greatly transform this part of River North. When finished, the complex plans to offer two residential towers atop a shared podium of retail and office space. A Life Time Athletic club and Whole Foods Market are both expected to anchor the…

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Chicago’s Hottest Condo & Apartment Buildings Along the Riverfront

If you're looking for a Chicago condo or apartment with a premium view, buyers aren't just limited to what's on the lakefront. Here's a closer look at a few buildings that lie along the Chicago River that also offer some insane views of the city.

Trump Tower

One of the hottest buildings along the riverfront is none other than Trump Tower. The building features options ranging from studios to sweeping penthouse units with high ceilings and some fireplaces. High-end options at Trump Tower, meanwhile, range from valet parking and full service concierge service to a spa, health club and indoor lap pool.

Wolf Point West

At 46-stories high, Wolf Point West presents some incredible views overlooking the riverfront and beyond. The new River North…

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Another High-Profile Hotel Development in the Works For River North

A new hotel development is reportedly being planned for another surface parking lot in Chicago’s booming River North neighborhood. According to Crain’s, developers are looking to add the first Andaz Hotel in Chicago, which will be located at 430 N. LaSalle Drive if all goes according to plan.

As noted in the report, a timeline for the project is still unknown, but renderings show a towering glass structure that could potentially rise 18 stories high and hold 199 hotel rooms.

The hotel market in Chicago has gotten considerably more crowded in recent years and hotel room supply has apparently spiked by roughly 10 percent just since the project was approve by the City Council.

Should the development move forward, Illinois would be just the sixth U.S. state…

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What’s Currently on the Market at the Ritz Carlton Residences?

If you’re in the market for a new luxury condo, you currently have several options to choose from within The Ritz-Carlton Residences. Right now the desirable property has several two- and three-bedroom condos up for sale or for rent. 

A two-bedroom, 2.5-bath unit with around 1,900 square feet of living space is renting right now for $9,100. In comparison, it’s possible to find several other two-bedroom floor plans priced starting at $1,000,000. The priciest two-bedroom currently on the market includes 2,800 square feet of living space, offered for $2.3 million.  

If you need more private space, a three-bedroom with 2,400 square feet of living space is currently on the market for around $1.88 million. The largest and most expensive condo is priced at…

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Mexican Billionaire Lists 38th-Floor Condo at Ritz Carlton Residences

A high-profile billionaire has listed his condo at the Ritz Carlton Residences, according to reports from multiple outlets.

Germán Larrea Mota-Velasco, the majority owner of mining company Grupo Mexico, originally purchased the 3,500 square foot condominium back in 2015 for $3.6 million and is now looking to unload the 38th floor unit at a cool $8 million.

The asking price isn’t unrealistic as the Chicago-area luxury market had a strong start to 2018 before taking a serious nose dive in the fourth quarter.

Back in June of last year, a bare, 6,000 square foot penthouse condo at the Ritz Carlton Residences traded for $8 million, and 2018 as a whole saw a record number of home sales priced at $4 million and over.

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PENTHOUSE WATCH: These Luxury Condo Towers All Have a Penthouse That JUST Hit the Market

Planning to be in the market for a luxury condo this spring? If so, these luxury condo towers around Chicago all have a penthouse unit that JUST hit the market…

The Montgomery

The completely renovated, top-floor penthouse at The Montgomery that just hit the market is about as good as it gets. The views are spectacular, the location is superb, and the Kristy Yarbrough-designed living space features all the bells and whistles. Oh, and there’s also a 1,000 square foot outdoor terrace with a built-in bar and grill as well.

Asking Price: $4,995,000

Lincoln 2550

As one of 4 penthouse condos at Lincoln 2550, this spectacular 4 bedroom, 4.5 bathroom residence features traditional finishes and views that are simply unmatched. In fact, you’ll even enjoy…

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