Let's hope we're not all up the river in 2009. See you next year.
Wednesday, December 31, 2008
Sunday, December 28, 2008
One of the solar panels catching some rays on a clear day.
I wrote about this home at 4610 N Wolcott in Ravenswood (and it's cousin right next to it) just a little while back. I had a chance to stop by today and talk about the house with the listing agent Dan Sullivan. Dan was able to discuss the reclaimed materials, local vendors and energy efficiencies that make the home attractive to those concerned about the environment, wasted energy and craftsmanship. The agent remarks on the MLS claim it is "70%-75% more energy efficient".
Poor Dan had to talk to me for almost an hour. At least he had the wet bar to lean on.
My impression is a well built home that does it's best with a narrow, but long, lot. The finishes have a very coherent design... and the materials are great to look at and feel. Small things like a back staircase and mudroom off the great room and a brick garage with wood burning fireplace make the home more appealing to me than other area new construction competitors in the price range.
Check out the developer's web site for the rundown of green building features.
As I wrote earlier, it suffers from the Brown Line train tracks that curve by directly across the street. But I toured the home for an hour and was not disturbed by the passing train that I can recall. Another minus is the buildings to the north and south are not very attractive. Although, the building to the south is a tear-down that has been on the market and should be something more pleasing one day. The price has been reduced to $1,390,000 from it's original list price of $1,550,000.
There is a comparable single family home "fire sale" of a 3 year old new construction single family home for $999,900 on the same block. I'm not a fan of the finishes throughout that house... but you'd have to really want to hug a tree for an extra $300,000.
If you are a single family home buyer over $1,000,000 that likes the Ravenswood neighborhood, I would recommend viewing this home. It is classy, modern but not overly so, and has small features that show thoughtfulness.
Little things...rear staircase and mud room, wood burning fireplace off the brick garage, functional yard and patio, "green" low maintenance landscaping on roof, and a not so little refrigerator.
Saturday, December 27, 2008
I like the impact of the building on the skyline and most of my associates do too.
I found the link from Blair Kamin's architecture blog The Skyline.
Friday, December 26, 2008
Sharp drop in mortgage rates encouraging sign for housing market. With the recent Federal Reserve Board action resulting in lower mortgage interest rates in the 4 percent range, the Illinois Association of REALTORS® is optimistic this will be an encouraging incentive for homebuyers in the new year, states IAR President Pat Callan in the latest IAR housing report for November 2008 data. Total home sales (which include single-family homes and condominiums) were down 33.9 percent in November 2008 to 6,076 sales compared to November 2007 sales of 9,191. Year-to-date January through November 2008 sales were down 24.1 percent to 100,435 homes sold compared to 132,388 homes sold in the same 11-month period in 2007.
For analysis that matters for your specific situation and location, please call or email me.
A recent Lincoln Square single family home sale for $1,497,500.
Just about every day I punch some sort of specific search into the the database resources I have. With the Chicago real estate market activity at a seasonal and current market condition influenced "stand-still", I felt I would take a broad look at single family homes. I work just as hard now to prepare for the traditionally increased sales activity we see from February to June than at any time of the year. It is helpful to know what's been sitting around as new listings start to hit at (hopefully) correction pricing come late January.
With several clients looking for North Side single family homes I thought I'd look at all pending and contingent homes under contract to see what's moving. I'm looking at my specialty neighborhoods going south to north of Near North, Lincoln Park, Northcenter, Lakeview, Ravenswood and Lincoln Square
*In these 5 core neighborhoods, there are 464 single family homes listed for sale in our MRED/MLS system. Prices range from $209,000 for a tear down on a small lot near Welles Park in Lincoln Square to $12,000,000 for a Gold Coast Mansion.
*292 of the single family homes are priced over $1,000,000 (172 under $1,000,000).
*Only 56 single family homes are under contract and heading towards closing. Prices range from $262,000 for a single family home in Bud Long Woods (great deal) to $3,950,000 for a Gold Coast six bedroom home on LaSalle.
*31 of these single family homes are under contract for over one million.
In this round-up of the five specific and desirable areas, the million dollar home seems to have the edge in offerings and contracts. It will be interesting to see if the under one million dollar single family homes will make a big jump in contracts in early 2009. As interest rates remain low and retired folks and career changers want out of their big homes, I suspect we'll see that jump.
Tuesday, December 23, 2008
Many Chicagoans are in on the joke and exaggerate the "s" with a "z" sound at the end of words and titles... many are the joke. For some reason, Bear fans like to add an "s" to titles of places that have no "s" and drag out the word with a "z" sound. Like going to the Jewel(sz) Food Store. So, welcome to Soldier(sz) Field on a sub zero night, Monday December 22nd, 2008.
With this end of the year being the gloom and doom that is and was, there are certain constants in Chicago which make living in Chicago, with all it's warts (read: taxes and fees), so addictive. One constant is Packers/Bears... at Soldier(sz) Field. Although a lifelong Chicagoan, I'm a Packer fan. That's a long story you can hear when you hire me some day. Regardless, this is still an energized event with mostly good willed fans that I look forward to twice a year like clockwork. No matter how busy we are, friends get together in some nook of the city for Packer/Bears. This year we witnessed it live.
Departing from the Ravenswood Brown Line stop.
These days attending a Packers/Bears game means train ride on the "L" from Ravenswood through the North Side and ending in Chicago's resurgent South Loop. I hop off the Roosevelt Red Line stop, walk around the corner to Wabash and Eleventh Street to meet up with a buddy at his loft condo for a couple "warm-up" nips. Then it's a short walk across Lake Shore Drive to the Museum Campus and Soldier(sz) Field.
Are you ready for some football?
The South Loop is now a destination neighborhood with a cadre of restaurants, bars and retail. Not to mention the lakefront and museums... Millennium Park and Grant Park are walking distance too. Chicago's top professional areas for law, banking and finance are walking distance or a short commute. It offers residential living in hip lofts, modern luxury condos and town homes. I still find the best area to land is within a few blocks of Roosevelt either north or south of the anchor Red Line station. We "enjoyed" the college game day atmosphere of the Wabash Tap after the game.
On this night, however, we were interested the experience of attending a brutal game in equally brutal weather. For some reason this is part of being a Chicagoan for many.
"Bears 20, Packers 17 (December 22, 2008) – In the coldest game in recorded Bears history, the Packers traveled to Soldier Field, where a victory against the Bears would have ended their playoff hopes. The Bears had to rally from a 14-3 score at the half. The Bears were able to score after a turnover on a Packers punt return. The Packers were on the verge of finishing a game winning drive when Mason Crosby's kick was blocked by Alex Brown pushing the game to overtime. The Bears took the first possession in overtime and won the game on a 38-yard field goal by Robbie Gould."
Outside the Space Ship.
This Bear Fan was sympathetic to my friends for hanging out with me.
Average Bear Fan
Coldest Bears' and Packers' Game ever. Didn't feel a thing.
Monday, December 22, 2008
People think I'm nuts to go to the Bears/ Packers game tonight at Soldier Field. If these guys can work every day outside and build an ice rink in a baseball field, then I can handle a few hours watching a football game.
Chicago really has a ton of cool stuff going on. Always something. And it always involves below zero weather for some reason.
Thursday, December 18, 2008
I had just commented on Sam Zell's rosy housing outlook at YoChicago.com the other day. Now here's Jim Cramer coming out from under the rock... for homes.
All I know is I'd be in this Chicago market for a primary home for my family if I hadn't bought a place we love just two years ago. I did, however, try to buy an investment property in Chicago... and lost in a multiple offer. Nuts.
And, I didn't have to wait for Jim Cramer to tell me.
Wednesday, December 17, 2008
The old Damen Brown Line in happier days...
From the 47th Ward Alderman's desk:
Damen Brown Line Station Reopening
The Damen Brown Line Station will be opening for full service on Friday, December 19 at 4:00 am.
While there will be minor punch work at both the Irving Park and Damen Station, the Damen Station reopening brings a close to three years of Brown Line station closures in the 47th Ward and completes most of the impact of the Brown Line Capacity Expansion Project to local 47th Ward businesses and residents.
Alderman Gene Schulter
Chicago has about all the breathless drama possible with a President Elect press conference every hour and... well, you know... that guy from Ravenswood Manor.
Now the city decides to limit snow plowing side- streets this season. The one thing we could count on here in Chicago was snow removal since Mayor Michael Bilandic's most famous mishandling of the 1979 blizzard. It is said that it cost him the election that spring to Jane Byrne.
Last evening's horrendous commute times could simply be blamed on the timing of the snowfall during rush hour. But the perception is Da Mayor has arbitrarily cut back on plowing to save money rather than use other available funds for public safety. The timing is bad... declare a cut back on side streets, get the fourth snow accumulation before winter officially starts, and then angry slip sliding side-street residents give the Aldermen a soap box to grandstand on.
Forget dirty property developers and building inspectors. Forget increased property taxes. Forget increased fees etc... Hey Aldermen, let's get on TV demanding better snow removal. Too easy.
I do agree with Alderman Tom Allen on Chicago Tonight looking for TIF money and other resources to keep the public safe. You can all guess which event the stashed money is for. However, how about keeping some of these aforementioned issues in front of the City Council to really make a difference?
One slap in the face was the Mayor's attitude in his press conference when questioned on the snow removal issue today. It's unfortunate how "funny" the Mayor has gotten in his press conferences these last three years. I never remembered him so loony, sarcastic, arrogant, combative and sometimes bazaar before the Hired Truck scandal broke and really changed the Chicago political corruption landscape. Is there an adviser out there that can do some advising? "Hey Mayor, how bout you don't laugh at the questions so much eh'? Make the people feel like you care a lil' bit"
Check out the post and comments at the link above to get a view of how I handle the selling question. There is good debate at times on www.YoChicago.com, one of the few sites I will comment on.
I plan to offer more on this subject, but time is very limited today (nap time is almost over for a certain toddler).
Tuesday, December 16, 2008
Okay, the Federal Tax Credit applies to all first time buyers... not just Chicagoans. But, I need the key words in my title.
The Chicago Association of Realtors has put together a hand-out you can view by clicking this link.
You need to know that the credit is not permanent. The $7,500.00 deduction, if taken, is paid back interest free on your tax returns over a 15 year period. However, if you put together the current lower purchase prices, current low interest rates and the tax credit; you're looking at a nice incentive package to purchase a home.
Monday, December 15, 2008
Nurses... tired of your rental's moldy vintage bath? Picture yourself in this!
There is no doubt we're in the worst economic and housing situation that generations have experienced. Normally "safe" investments in the stock market and primary home purchases have led to unpredictable circumstances for many. Some worry about, of have already lost, their jobs.
However, as a Realtor and investor I know when things look bad in the "world" I have to look at my own reality. If I have a good career, steady income and some cash on hand; is this situation bad for me?
My wife is a Registered Nurse with a masters degree and now manages out-patient clinics. Her nursing and management career has paid her well and consistently... and this has made her virtually recession proof. That is, she seems to have an endless employment opportunities in the Chicagoland area that will maintain her current income. Because of this, we have been able to purchase real estate that is right for our family despite any market conditions.
In fact nurses and similar skilled careers like teachers, police officers, firemen etc... now have the opportunity to buy homes that meet their needs more than ever before. If one is actively looking and ready to make a move (understands they're lifestyle, knows the market and has planned their financing), quality homes in good locations are being offered at lower prices than in the past five years. Interest rates are low, mostly well under 5.9% for qualified buyers.
I write this because people naturally get caught up in the over-all bad picture and uncertainty of just about every market today. But I look at this as a way to get a home that meets my families needs. I think a career person like a nurse has the stability, flexibility and income to own a home they will really enjoy. Buy in a good location to enjoy the home and wait out the current storm.
My wife and I put an offer this month on a Chicago condo in foreclosure that was dropped to a ridiculously low price. We lost it in a multiple offer as everyone jumped on it. We were buying it to fix up a little and put back on the market, but could have easily called it home too if we needed a primary home. We did not have opportunities like this in the past when shopping for a primary home; but you do now. It just takes planning and a good eye.
Sunday, December 14, 2008
This tree lot is located on the (usually) outdoor patio of The Daily Bar and Grill. As a guy without many traditions (unless you call wasting my money on Cub's season tickets every year a tradition) I'd be remiss not to see the tree lot guys every holiday season.
I don't know what this guy charges but here's some average home prices within a four block radius of North Lincoln Avenue and West Wilson. This is the epicenter of Lincoln Square due to it's proximity to transportation and nightlife/daylife.
12 Active single family homes for sale in this prime location average over $850,000.
14 Closed single family homes in this four block radius over the past 12 months averaged over $780,000. It's lower than the current average list price, but it also includes some homes that were in pretty bad shape of tear downs.
6 Active three bedrooms, two plus baths condos with parking on sale for an average of $516,000.
6 Closed three bedrooms, two plus baths with parking for an average of $481,000 in the last 12 months for this location.
One thing is for sure at this moment in time; current pending contracts in December are elusive.I focused here on larger type dwellings. For more information on different types of homes in Lincoln Square please email or call me. Some home types and price-points sell very well in the area.
Thursday, December 11, 2008
I drive past this townhome community located on the 400 West block of Wellington a few times a week. Stopped in traffic, I finally snapped a photo. Looking at the MLS, there is one three bedroom, three and one-half bath townhome with parking available for $649,000.
East Lakeview has a terrific mix of buildings... from rare single family home estates to high rise luxury. My pick for the area right now would be one of the eclectic townhomes available.
A small collection of art deco pre-1950s vintage and a handful of funky mid-century modern designs distinguishes this location from other parts of the city. Throw in the lake... and well; I'd live here.
At the moment from the lake to 600 West, and 2800 north to 3400 north, only one townhome is available.
East Lakeview new construction waits patiently for you.
I was reading my fellow blogger's site, Peter Olson (Real Estate Attorney)
and he pointed out this article from the New York Times. Wait to you see how happy the home buyers are in the photo... warms my heart.
Peter offers some analysis on the Chicago market relating to the story. Read my comments under his post for my take too. He says wait 6 months. I say YOUR particular deal may not be there in six months.
Wednesday, December 10, 2008
Image from Ravenswoodmanor.com
With all the attention on our good Governor my humble blog has experienced triple the hits; mostly for the a variety of search engine phrases dealing with Ravenswood Manor. I've been writing about the neighborhood for years.
The boundaries of the neighborhood are shown here. That's the Chicago River making up the eastern border. Montrose is 4400 north and Lawrence is 4800 north.
I think most people consider North Rockwell or North Western Avenue the eastern border when describing the Ravenswood Manor neighborhood. For this post, I'll use Rockwell at 2600 west on the Chicago grid.
We are basically looking at a 4-5 block radius that is dominated by single family homes on leafy lots. There is a good dose of two and three flats. Few large multi unit buildings call Ravenswood Manor home.
Currently, there are 7 single family homes actively for sale on the MLS from $599,000 to $1,450,000. I know of at least three new construction homes that are not listed on the MLS and should be priced in the $1,300,000 to $1,500,000 range.
2 homes are currently under contract and pending. One house under contract on the low end at $450,000 is a half block from the Governor's house. The average sale price for a single family home in the neighborhood is about $800,000 with homes on the Chicago River receiving a premium.
It remains to be seen if all the national and international attention on the neighborhood will bring more interested buyers.
This home shown here is located at the "gate" of Ravenswood Manor. It's a good example of the gorgeous brick bungalows with beautiful tile roofs that dot the landscape.
Tuesday, December 09, 2008
What can I say? A Ravenswood Manor neighbor has fallen on hard times. Up the North Branch of the River without a paddle? Will it taint our real estate market?
Hopefully it will be a positive thing for Illinois real estate once we get (finally) a competent Governor in office. We need pragmatism when dealing with housing and business in the State of Illinois... not platitudes and bribes.
Look out local Congressman, Aldermen and Cook County Commissioners... people are going down left and right and the public is getting fed up.
The most upsetting thing about this; working with middle class families that pay every new tax and fee that these state and local officials come up with when owning, buying and selling their primary homes. At the same time elected officials and their spouses make money in real estate deals in their districts with developers and donors and claim they have no conflict of interest. Check out the Tribune's series on Neighborhoods for Sale
I read a few local Realtor and broker blogs; like Fran Bailey's and Geno Petro's. However, getting out of my 15 square mile box, I came across David Curry's Lake Geneva Real Estate blog. Consistent, funny and to the point.
I've always considered Lake Geneva a terrific option for short get-a-ways; but now I feel like I have owned a vacation home there. When this $2,000,000 starts burning a hole in my pocket, I'll call David.
Sunday, December 07, 2008
Word on the street... short sales are more common, but still a tough, confusing road for some buyers.
Last week, I represented my clients in an offer on a short sale property in the North Park neighborhood. A short sale is a property offered at less than the owner owes the bank. The bank is agreeing to "sell short" in lieu of foreclosure proceedings on the owner that must get out of the property and can't afford to own it. The owner must show they have no assets to make the bank whole on the loan.
It turned into a multiple offer situation due to an attractive price... and we won the bid with the best overall offer. However, this just means the sellers are accepting the offer with their signatures... only now to send the offer to the bank for approval.
So, when do we have a deal? When do the contingency dates such as inspection, mortgage and attorney review start? For instance, the bank still has to approve the deal.... does that start attorney review? For these types of questions, I get the purchasers attorney involved right away to make sure the buyers know their obligations. In our case, the contract was written to start attorney approval and inspection at time of seller acceptance... and that's how we'll proceed (in addition, I request the buyers attorney contact the seller's attorney immediately).
There are basic things that can take place once you have the sellers accept your offer, and in turn, negotiate for approval from the bank. In this case, I feel we have a pretty good chance of approval as we are close to the short sale offer price and have solid financing lined up.
First, I collect all the legal condo documents possible from the sellers and begin my due diligence on behalf of the client. We'll want to see the condo declaration, the association budget, any meeting minutes and talk to the Board if possible.
Secondly, we can schedule the physical inspection of the property. In most short sales selling well below what is owned on the property, inspection items will not be negotiable or corrected by the seller. They are already in distress and most likely will not have more to bring to the deal. However, my clients can kill the deal should their be any major repair issues with the unit (highly doubtful in this case).
Clients need to plan and make sure they can wait for a response from the bank. The closing date may also be months from bank approval. Purchasers need to be flexible when buying a short sale, and possibly, may need to arrange for temporary housing to bridge anytime they are out of their former place to live prior to their closing date.
A few weeks ago my clients and I viewed a three bedroom, one bath condo in the North Park neighborhood priced at around $230K. It was a nicely done six unit conversion with a deck, big storage unit, fenced yard... just right for a small family. The Realtor gave us a nice showing but...
They had me at "table tennis".
Saturday, December 06, 2008
Carolers were singing in this tent north of Belmont in Boys' Town. The big man keeps watch.
These guys were two of four getting out of a car in front of Hidden Shamrock and Trinity bars in Lincoln Park.
Thursday, December 04, 2008
Recently I was asked by Chicago Agent Magazine why I felt our managing broker at Rubloff in Lincoln Park, Darlene Little, was "special". Which brings up a good learning opportunity for real estate consumers considering hiring a real estate brokerage.
You can read my answer by clicking this link
The managing brokers matter.
The managing broker makes sure that sales agents like myself comply with license law. She will also provide advice for complicated negotiations. One thing I do regularly for clients is bring in the advice of many agents and the managing broker when pricing, marketing and negotiating. It helps to have a highly regarded, experienced and ethical professional on your side. I'm not on an island or in a bubble. I want to make an educated decision; collaboration helps to reach that end.
Thanks Chicago Agent Magazine for quote and sheding some light on managing brokers.
Tuesday, December 02, 2008
This is an exact quote from the agent remarks on a Lincoln Park
"BROWN LINE IS BEHIND UNIT. ITS SOUND PROOF BUT YOU CAN STILL HEAR IT"
At least their trying.
For those of you out-of-towners... the Brown Line is a LOUD elevated train.
First snow brings falling interest rates...
I have seen deep discounts on the higher end high-rise buildings, $400,000-$1,000,000 units that once sold for $50K-$100K plus more... and the lower end units selling in the $200s that once sold for over $300K.
I have not seen any significant discounts for desirable condos in smaller buildings for Lakeview, Lincoln Park, Old Town, Lincoln Square and Ravenswood. You may find condos to purchase at close to what the owners paid two to three years ago, but very few opportunities to buy at drastic discounts.
It's pretty intense out there if you want a deal on certain types of homes in top tier neighborhoods.
Thursday, November 27, 2008
Karen Mason from my Rubloff office hosted this broker's open at 934 N Crosby # 934 offered at $394,900 plus parking. It's a sharp looking two bed, two and one half bath town home in River North close to downtown. She offered lunch for the Realtors that visited (we love a free lunch)and gave a rundown of the development and the immediate neighborhood. Karen advertised the brokers open well to her network (which is what prompted me to go) and the turnout was particularly good.
Above, Realtor Robert DePalma discussing the property with Karen.
A good Realtor will hold a brokers open to get the pulse of other agents, receive valuable feedback and pick-up any information that will be helpful in selling the home.
Tuesday, November 25, 2008
My guest blogger, Brian Cumpton of RWF Mortgage, Wells Fargo, (shown here at the Lincoln Park 2520 sales center) and I always try and make clients aware of favorable interest rates. Brian sent me this pitch today... and I've been contacting clients all week as things looked like they would trend this way.
Here's the commercial from Brian... but it has great information.
It's a great time to lock in with prices down on homes. Start by getting pre- approved with a proven lender in today's market. Make your first step to homeownership by getting pre-approval with RWF Mortgage, a Wells Fargo company. Take advantage of the buyer's market and lock your mortgage below 5.75% with 0 Points.
The media has painted the picture that you need 20-30% down in order to purchase. That is incorrect. You can purchase with as little as 10% down, or even there is a 3.5% down payment program called FHA. You could even get a gift for the 3.5% down payment with the FHA program. Low interest rates are here and now is the time to lock in with a new home purchase! Take advantage of the low interest rates today!
The chart here from Freddie Mac shows rates in a historical perspective... we're trending at the bottom.
I've seen very nice condos in good locations in Ravenswood Manor and North Park priced at $250,000 and less in the last two weeks... perfect for the lower mortgage rates we are seeing combined with the FHA loan program that requires only 3.5% down.
However, the building is sketchy. The elevator is inoperable, there is another foreclosure listed in the building with another brokerage and details are hard to get. I'll bet that there is no owners association formed and no one responsible for the maintenance of the building. The views of MacDonald's off the living room and the alley off the master are lovely. With their eyes lit up while looking at the level of finish... I gave it the "thumbs down".
Later that day, I'm in Ravenswood Manor and Albany Park with another group of clients. Another foreclosure is listed at West Montrose and North Sacramento on the edge of Ravenswood Manor... a few blocks from the CTA Francisco Brown Line. It's a giant three bedroom, two bath unit with nice decks, good level of finish and did I mention huge. I like the location. No parking included, but it's priced so cheap at $218,000, renting a spot or parking on the street is totally worth it.
The place needs about $15K in appliances and upkeep. The marketing is so bad on this place no one has probably seen it. I called the listing office for details after viewing it (the unit is on lock-box) and no one has called me back.
The difference here is it's a better location and the owner's association is in good shape. I have other clients living in the condo building who may provide my clients much more of a true picture of the association. Whoever was the owner of this place, and now the bank, has really messed up. I would put $15,000 of renovation in to the unit and list it at $299,000 for a much higher sale than they are asking. It sold originally for more than that. It would make a fantastic primary residence.
"You could bowl in this place!"
Foreclosures are not for everyone. The buying process is not easy and due dilligence is to the extreme. However... a deal can present itself. A deal just presented itself.
Friday, November 21, 2008
I've recently been contacted by a score of first time buyers. In September, I had predicted around the office that the first time buyer would be a strong market segment as prices have stalled or lowered and as the occasional "cut and run" opportunities present themselves.
Then earlier this month the National Association of Realtors reported that first time buyers made up a larger percentage of purchases. Man... I'm smart.
From the story:
"The number of first-time buyers rose to 41 percent from 39 percent of transactions in last year’s survey and 36 percent in 2006. “Although modest, this is a meaningful gain for the 12-month period ending at the close of June, and more recent independent data show a stronger uptrend in first-time buyers who are helping to reduce excess inventory,” Yun said."
What's important to understand here is I've been very successful working with first time buyers because I meet them here on my blog and face to face at the many open houses I host.
If you are thinking of selling your place, it's important that you list with a Realtor who reaches the buying consumer in many different ways.
I've recently started working with several clients looking for condos under $300K. They feel they can finally get a decent, affordable place. This will be a terrific market segment for me in 2009 as I've been in every condo in Chicago under $300,000! Almost.
I'd estimate 30% of my sales over the last three years have been condos from $250,000to $350,000.
Wednesday, November 19, 2008
The City of Chicago has helped put together a clearing house of incentive laden properties in many of Chicago neighborhoods. These are developments that have been built in conjunction with the City of Chicago programs in one way or another.
You can check out their list of neighborhoods and developments at the site. If you need analysis and showings of any of the developments, please contact me.
I think the Kenwood neighborhood from this group offers some good values near the lake.
Click here for the developments:
Find Your Place in Chicago
Remember, the City and lenders offer incentives for new construction and re-sales in neighborhoods like Albany Park too that offer a high quality of living near retail, CTA and infrastructure.