Saturday, February 17, 2018

Sad,empty Crate and Barrel will become Starbucks mothership

646 North Michigan Avenue was custom built in 1990 for the Crate and Barrel flagship store. Photos Eric Rojas, Broker, Kale Realty
I walked by the the recently closed Crate and Barrel store yesterday at 646 North Michigan Avenue. It is the first time I have been by since it has been vacant.  The world's largest Starbucks coffee store will move in. The world doesn't need another Starbucks but it will probably be pretty cool and I'll patronize. Sigh.

Friday, February 16, 2018

Sold! The Heritage at 130 N Garland... client nabs unit before it hit market!

130 N Garland, The Heritage is a luxury building across from Millennium Park
We attended the walk through and closing today for our client's purchase of 130 N Garland Unit #3502... The Heritage!  We worked with many great agents, our buyer and private unit owners of a few specific buildings to find a unit that met our client's specific criteria.  After seven months looking and researching we worked out a deal on a pre-market listing (before it hit MLS)!

Views from Unit 3502
Vacant, clean and no damage!
We made sure the unit was vacant and in good condition. Then we headed to the closing to support our client and to produce any needed documentation during settlement.  And... for free title company SNACKS! Alas, no cookies today.

Whoa, real mugs!
Congrats to our repeat clients who went from Lakeview town house owners to downtown renters to downtown owners in a couple years! 130 N Garland Ct Unit 3502, Chicago, IL 60602 sold for $800,000.  If you are thinking of buying or selling in the downtown area or North Side of Chicago please contact us.


Thursday, February 15, 2018

Diversey Parkway closings, Yak-Zies closed... everything closed!

This is a great area to live but large construction projects are going to be the norm as the East Lincoln Park location redevelops. All photos Eric Rojas, Kale Realty
We were working down in East Lincoln Park yesterday and took a peek at some construction projects. The 508 W Diversey construction is causing requisite chaos along the ever changing landscape of West Diversey Parkway east of Clark Street in Lincoln Park / Lakeview.  The large structure also blocks the view of the attractive greystone building to it's immediate east. That greystone of course was home of the recently closed Yak-Zies bar. I don't know if the new construction projects influenced the closing of the long time tavern.

Building up Chicago has some real cool pics of the crane rig at the 508 W Diversey construction site. 


The Hampdens condo project across the street (the cleared site shown above) is boasting 60% pre-sold on their advertising billboards.

Friday, February 02, 2018

Sold! Clients buy vintage co-op at Edgewater Beach Apartments

You've seen it!  You love it! Edgewater Beach Apartments (EBA) building at 5555 N Sheridan Road, Chicago IL 60640 (all photos Eric Rojas, Broker, Kale Realty unless otherwise noted).
Congrats to our buyer clients on their purchase of 5555 N Sheridan Road Unit #1608 in iconic Edgewater Beach Apartments  co-op on Thursday The large two bedrooms, one bath vintage unit was a steal at $125,000.  Our out-of-state buyers intend to use the home as an "in town".  This bright home will shine after floors are refinished and a good paint job. The assessment is $949/ month which includes everything (Heat, Water, Gas, Property Tax, Common Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Pool). The lakeside grounds, on-site maintenance, retail offerings and building amenities have you covered!

The bright living room and dining rooms need some love. The huge apartment has formal rooms and many original details.  Photo Eldorrado Chicago Real Estate
The co-op purchase is much different than buying a condo in many ways. Namely you are buying shares of the cooperative. Applications must be submitted and co-op board may interview and reject potential purchasers.  Prospective purchaser's finances are greatly scrutinized and minimum down payments (or cash deals) can be required.  Here's a basic comparison of condo vs co-op.

Great west views from the unit (lake views will cost you more!)
The Bryn Mawr Historic District and surrounding blocks offer dozens of shops, cafes and restaurants like Starbucks, Francesca's Bryn Mawr outside your door. Mariano's grocery store is a few blocks down on North Sheridan and the building is adjacent to lakefront paths and the beach. The CTA Red Line stop at Bryn Mawr is a couple blocks from the Edgewater Beach Apartments. The buyers will "car-less" when visiting their city home!

EBA's huge swimming pool and room built for a Wes Anderson movie! The pool restrooms, shower and locker room area have been renovated not too long ago.
Client Mark with real estate attorney Kent Novit.
18 apartments have sold in the last 12 months at Edgewater Beach Apartments. Prices range from $82,500 for a studio apartment to $425,000 for an updated 2000 sq/ft three beds, two and one-half baths home. The design of the building, views and various updates make each apartment home truly unique!

Lakeview Clark and Belmont Starbucks closed for renovation, BUT, don't worry eight more Starbucks are nearby

Keep walking for your Frappuccino 
The very busy Starbucks at Clark and Belmont in Lakeview (3184 N Clark Street) is getting the renovation treatment like so many of their stores. 

Totally gutted

They've directed me to nearby stores. Okay the Lincoln and Damen location is a stretch.  That giant Starbucks at Sheffield and Addison is really weird too.  I can't see that lasting too much longer as a regular store concept.

Old Town's former Noble Horse Theater property now luxury condo development

Two new construction condo buildings are under development at Orleans and Schiller in the Old Town neighborhood. All photos Eric Rojas, Broker, Kale Realty.
The lot has been cleared at 1400 N Orleans at West Schiller
We were in the Old Town neighborhood of Chicago's Near North side last week showing condos.  One new and interesting development is on the former Noble Horse Theater and Stables property at 1400 block of North Orleans. The Equis development  (the website has a cool video driving down North Wells on a summer night) offers a more accessible condo building with smaller units starting in the $290s. A second tower offers luxury full floor units starting in the $800s. Curbed Chicago has a run down here of late last year.

I took photos of the closed down Noble Horse Theater and Stables in 2014 when there was little hope of saving the property.

Carriages for downtown rides were still stored on the property.

The Old Town towers will afford unobstructed downtown views from many of the units.


2017 Old Town condo sales
204 condos (attached units and town houses) closed in the Old Town footprint (North to Division and LaSalle to Larrabee ) with a median price of about $455,000.  If you exclude high-rise buildings (buildings over 50 units) the median price is $525,000.

The highest attached condo unit sale in 2017 was 1418 N LaSalle Street Unit B, Chicago IL 60610 sold for $1,330,000.  

Back in 2012 as things started to get cooking again 168 units closed for a median price of $315,000. 82 non-high-rise units closed for a median sales price of $390,000.  




Tuesday, January 30, 2018

Video! Lincoln Square Chicago bungalow steps from Winnemac Park for sale $539,900


2227 West Carmen, Chicago IL 60625 for sale $539,900
Check out the Winnemac Park and neighborhood footage we filmed near 2227 West Carmen.  The classic Chicago Bungalow for sale now at $539,900 is just steps from popular Winnemac Park. The median price of a house in all of Lincoln Square is $687,000 and $755,000 within four blocks Winnemac Park.  This house is a great value!


We love helping our clients buy and sell in Lincoln Square and few have filmed and promoted the real estate market more than we have over the past 13 years! Watch the great aerial video of the park by Lincoln Square resident Parkwest Media

More photos, floor-plan and property information here.

Lincoln Square single family home sales
132 Lincoln Square community area homes sold in 2017 with a median price of $687,000. Just five years ago in 2012, 98 single family homes sold in all of Lincoln Square with a median price of $480,000.

28 single family homes sold in the Winnemac Park sales area (shown below where 2227 W Carmen is located) with a premium median price of $755,000.

The residential neighborhood around Winnemac Park shown above is popular for its housing stock, community activities and transportation options.  I often dial down to look at micro real estate markets around parks and transportation hubs.

Please contact us to buy and sell property in Lincoln Square, North Side neighborhoods and near suburbs!

Monday, January 29, 2018

Showing homes on North Damen in Lincoln Square



Living on North Damen Avenue in Lincoln Square has pluses and minuses.  Sure there is a little more traffic and noise but you typically get a price discount and you can walk out to shops, restaurants and CTA transportation. All photos Eric Rojas, Broker, Kale Realty
I spent last Saturday morning looking at a gut renovated frame home on North Damen Avenue near West Lawrence in Lincoln Square.  My clients are long-time Lincoln Square multi-unit owners  contemplating rehabbing their building or just buying something else. The bustling street location is not a deterrent for them and they loved the idea of being so close to the CTA Brown Line at Damen for them and their kids.

Traditional (and some grand) frame construction single family homes are mixed in with commercial and multi-unit buildings along Damen Avenue in Lincoln Square.
Only four single family homes sold along Damen Avenue in the Lincoln Square neighborhood over the past 12 months.  Two over-sized (wide) properties sold for development at $436,000 and $470,000.  A newer construction (2007) single family home on a  25' x 173' for $1,030,000.  A really cool gut conversion of brick commercial building sold for 4542 N Damen sold for $1,973,010. The $10.00 bucks probably bought a cabinet pull!


The Perfect Cup has been a treasured neighborhood institution for many years. Coffee shop + train stop = city living! 

Turin Bicycle Chicago is one of many independent shops that line the Damen commercial district near the CTA Brown Line station.
Currently there are two properties for sale. The gut renovated house at 4740 N Damen priced at $799,900 and "tear down" property at 4610 N Damen offered at $850,000.  That property on a 40' wide by 125' long lot has been listed for 1634 consecutive days on MREDLLC.com.


Friday, January 26, 2018

Photos! New Gold Coast building fronting Lake Shore Drive set for construction

We took a few photos of new Gold Coast construction at 61 East Banks Street after condo showings yesterday.
Construction begins at a rare vacant lot fronting Lake Shore Drive in the Gold Coast. A permit was issued for a 58 unit luxury low rise apartment complex back in December. 

The building, at the doorstep of Streeterville and downtown, will feature unobstructed lake views from the roof deck and many units.

 

Open House! Lincoln Square bungalow steps from Winnemac Park

Great house!
OPEN HOUSE
2227 W CARMEN, CHICAGO IL 60625
SATURDAY JANUARY 27TH
11:00AM TO 1:00PM
$539,900
 
This is your chance to buy a move-in quality house at Winnemac Park in Lincoln Square and Chappell School district! Spacious Lincoln Square classic bungalow on wide lot. Check out floor plan! Flexible space, charming arches, crown molding, wood floors and warm traditional finish level. Many important updates! Replacement windows (15yrs), newer roof (6yrs), boiler (2yrs), water heater (4yrs), four built-in AC wall units (4yrs), copper plumbing, updated electrical panel, drain tile in basement.
Large living room, dining room and sun room with attractive arches.
 
Updated kitchen
Great pantry cabinet and enclosed, heated back sun room great for breakfast area, mudroom or play area.
 
Main floor with two bedrooms, full updated bath, large dining room, front sun room addition, spacious dining room, remodeled kitchen (15+ yrs ago) and rear heated sun-room. Deck off kitchen, paver-patio, charming brick garage! Semi-finished basement w/ huge family room, bedroom+ full bath, utility room, laundry/storage room. Usable staircase to unfinished attic with good ceiling height (finish for bedrooms, office, play space!).
 
This would be a great house to move-in and enjoy, expand over the years or completely gut rehab for your dream home near the park.
 
Huge deck off the kitchen!

Finished patio great for entertaining.
 
Location  among high-end homes steps to Winnemac Park, near Ravenswood Metra, CTA Brown Line, Mariano's, "Heart of Lincoln Square"! Move-in quality or fully renovate! Chappell School!
 
Come visit me this weekend to check out this house and learn about other pocket listings and pre-MLS opportunities.
 
Exclusively listed by
Eric Rojas, Broker
Kale Realty
2447 N Ashland, Chicago IL 60614
773-510-1597