Chicago Real Estate News & Neighborhood Notes

Despite questions over the pandemic and office space demand moving forward, it appears the Fulton Market building boom is set to continue, according to a recent report from Block Chicago.

Earlier this year, Chicago’s Committee on Zoning lifted a ban on residential development north of Lake Street, providing new opportunities for both developers and new home owners and renters to become part of Chicago’s hottest neighborhood.

For years, residential construction was prohibited around the Kinzie Corridor Overlay District near Fulton Market thanks to all the industrial companies and meat packing facilities that once dominated the landscape.

That landscape, however, has since evolved and not Fulton Market is where you’ll find many of the city’s trendiest restaurants, loft-style offices, and an increasing number of luxury residential developments as well.

Meanwhile, a 19-story condo building across from Mary Bartelme Park and a 12-story apartment building near Union Park are also in the works for the Fulton Market / West Loop area, with both granted approval earliest this year as well.

According to separate reports, the new condo tower will feature 80 units and be priced somewhere in the $600-$700 a square foot range, while the apartment tower will include 210 units and also first floor retail space.

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$975,000

1001 W Madison Street 710, Chicago

3 Beds 2.5 Baths 2,400 SqFt Residential MLS® # 12716485

Open House

$950,000

1000 W Washington Boulevard 513, Chicago

3 Beds 2.5 Baths 2,200 SqFt Residential MLS® # 12669954

$950,000

400 S Green Street 310, Chicago

4 Beds 3 Baths 2,800 SqFt Residential MLS® # 12638433

$900,000

850 W Adams Street 4b, Chicago

2 Beds 2 Baths 2,100 SqFt Residential MLS® # 12741487