Work with an experienced full service attorney on your real estate closing this year for $299.00! We'd spend a million for Patrick Loftus representing us... but you don't have to!
Mr. Loftus is offering $299.00 real estate closing fees until the end of 2017. If you have a closing up or questions concerning a real estate transaction please contact Patrick Loftus at 773-632-8330.
Contact Bob and I with any real estate purchase, sales or leasing questions 773-510-1597. Patrick has been great with our Chicago and suburban clients!
Bob and I check out the construction site and West Diversey and North Hampden in East Lincoln Park. The busy stretch of West Diversey is home to several large developments. (all photos Eric Rojas, Broker, Kale Realty)
We checked out the construction site of The Hampdens recently at the Lincoln Park and Lakeview border. The marketing brokerage of Jameson Sotheby's hosted a pre-market event for brokers early this month. We often are made aware of and preview developments and off market sale opportunities to show our clients ahead of the general population.
Marketed as The Hampdens the new development will command luxury prices. The building at 2773 N Hamden at West Diversey on the site of the old Market Place grocery store will feature 30 units priced from $899,000 to $1.4 million. A second building at 2753 N Hampden will feature 15 larger more luxury units priced at $1.2 to $3 million according to the marketing site.
The new development is a block or two from the North Pond area of Lincoln Park.
The highest priced condo sale in the past five years within two blocks of The Hampdens was $1.2 million at
2715 N Pine Grove Ave Unit 3, Chicago, Illinois 60614 in 2016 (a six unit building). These much higher priced speculation units of The Hampdens are yet another indication of the palpable demand and shift to high-end new construction in Lincoln Park. Just a couple more blocks south of this location at the luxury high-rise 2550 N Lakeview $2 million plus condos are the norm... but that building overlooks the North Pond and has better lake views.
We've loved selling, buying, living and enjoying this area of Lincoln Park / Lakeview for many, many years. See some past posts here!
A vibrant mix of vintage and new buildings line Bryn Mawr leading to the Edgewater Beach Apartments in the background.
We had a great time Saturday showing our clients available units at "that pink building" in Edgewater despite the cold gloomy weather. Edgewater Beach Apartments (EBA) at 5555 N Sheridan Road, Chicago IL 60640 offers large vintage cooperative apartments in a full amenity building along Chicago's lakefront. Read about EBA's history and features here.
Living like the roaring 20s!!
Our clients (from Wisconsin) will be retiring and have viewed several Chicago locations and buildings from Old Town to Edgewater with us. They have come back to EBA for the history, vintage feel, lakefront and beautiful common areas offered by this lifestyle building.
20 units have closed in Edgewater Beach Apartments over the last 12 months as recorded on the MLS. The median price of a closed unit is only $185,000 (with a monthly assessment around $1,000 that includes property taxes, heat, cable,
Internet, cooking gas, use of all amenities and a contribution to the
capital projects fund). The low purchase price and included amenities are attractive to our buyers who would also like to renovate a unit to their liking. For example we saw a 1200 sq/ft unit listed for only $140,000 that they can customize. Call us to help you find mid-rise and high-rise units in Chicago!
I usually get my dual furnace system cleaned and checked every couple years. Today's cold temps are a good reminder to get a service check before something goes wrong on the coldest day of the year. I keep a log taped to the a wall near the furnace with dates of our last HVAC service, sewer rod, smoke and carbon monoxide detector checks, lawn fed and fertilized etc...
There are many HVAC service options from larger companies to independent providers. Some companies may set up a service contract with extra benefits. If you own a condo it is always a good idea to get group service rate with the entire association. Service contracts often allow for free sevice visits and discounted parts and labor.
We've dealt with many companies. We've always had a very good experience with Ardmore Fresh Air in the Chicago area. Give them a try!
As brokers we are frequent CTA users trying to avoid our cars and traffic whenever possible. We stopped to check out progress of the TOD off the CTA Red Line stop at Belmont.
The new development at 937 - 945 West Belmont adjacent to the CTA Red Line Belmont station is underway. A vintage three flat has been demolished.Curbed Chicago has some great photos and back story.It is not clear what the purchase price for the entire property was (the property at 937 W Belmont closed for $135,000 in June 2016) but there is a mortgage recorded of $9 million for the development. This is yet another example of replacing existing buildings with larger retail and residential developments along commercial strips on the North Side.
Image posted at the property of the (future) completed development at 937 West Belmont
The Transit Orientated Development (TOD) will have 33 rental apartment units, retail space and NO on-site parking spaces. Chicago Streets Blog has a nice primer on the expanded TOD ordinance passed in 2015. More photos and plans of the project can be seen here(posted at the 44th Ward Alderman site). A Stone Creek Coffee sign hangs on the fence and is expected to open spring 2018. Mmmmm images of nature while sipping coffee...
We stopped by Lincoln Park last week to check out demo and construction progress at 2050 N Clark Street. The 32 unit new construction building sits on an irregular angle lot. I can't find a purchase price for the property but there was a $2.6 million mortgage in 2016 and a $11 million mortgage documented at the address.
A little kid's dream... backhoe on a huge pile of dirt!
This is a tony block in East Lincoln Park that has maintained sort of an old feel. Two significant new construction buildings is a fairly dramatic departure for this stretch near the Lincoln Park Zoo and the lakefront parks. It makes sense (to me) to add residential here near cultural amenities and jobs. The 2050 N Clark building will be a vast improvement over the one story commercial building it is replacing. The loss of the many spots in the parking garage development is a shock to neighbors, workers and shoppers that rely on it. Several condos from 1900 North Clark to 2100 North Clark have sold from $365,000 to $740,000 over the last 2 years. A beautiful row house recently sold for $1,975,000 at 1910 N Clark Street. In my estimation this location will have plenty of demand for high -end condo sales and apartment rentals.
Agents like nothing more than seeing my four kids entering an open house! The familia checks out a new gut renovation open house on the 2200 block of West Leland priced at $1,049,000.
Lincoln Square continues to be more popular than ever for home buyers. The addition and enhancement of public and private schools, improved infrastructure and increased (and trendy) entertainment options have made palpable changes to neighborhood once slow to develop. I suspect there is a higher number of million dollar home sales than in past years as new construction homes push the envelop for this once working class enclave. Let's take a look.
Lincoln Square single family home sales
111 Lincoln Square single family homes sold so far in 2017 with a median price of about $688,000. 25 of the 111 home sales have been for over $1 million. Three of those homes sold for over $2 million.
New retail build-outs and infrastructure improvements have gone hand and hand with a new class of luxury builds.
In 2016, 83 single family homes sold over the same period with a median price of about $655,000. 16 of those sold homes sold for over $1 million. One of those homes sold over $2 million.
Over the same period in 2007 and 2008 at the height of the bubble a combined 17 homes sold over $1 million with the highest sale about $1.5 million.
Spacious, bright east facing living room and sun room!
Check out this super located two bedrooms condo in the Ravenswood Gardens neighborhood of Lincoln Square!
Two bedrooms, one bath
Brand new stainless steel appliances
Central AC/Heat
In-unit washer and dryer
Large shared deck/ outdoor space
Steps to shops, Harvest Time grocery, bars and CTA Rockwell stop
Eat in kitchen is great for cooking and entertaining.
New appliances with breakfast bar over looking eat-in kitchen space.
Gorgeous tree-line Ravenswood Gardens location steps to everything you need!
Popular Ravenswood Gardens neighborhood in Waters School district of Lincoln
Square. 1/2 block to CTA Rockwell Brown Line and all the shops of
Rockwell Crossing. 2 beds, 1 bath, large shared back deck, Central Air
and Heat, in unit laundry. Hardwood floors throughout.
Living room
features sun room with great east and south windows. Cool eat-in
kitchen layout, tons of storage, full size pantry, breakfast bar and
plenty of room for a dinning table. First bedroom features organized
walk-in closet. Tasteful decorated bathroom with large jetted tub.
4824 N Hamilton. Great opportunity for a classic Lincoln Square home with inviting porch on great block!(All house and area photos VHT.com and Eric Rojas, Broker, Kale Realty)
Open House
4824 N Hamilton Chicago IL 60614 for sale $699,000
Saturday October 14th 10:00am to 12:00pm
Sunday October 15th 11:00am to 1:00pm
Watch the video!
Check out our newest Lincoln Square single
family home listing this weekend! This 3-5 bedrooms, 2.5 baths home
offers classic vintage feel with modern updates. Large common living
spaces, flexible space and potential to grow! 4824 N Hamilton is located
steps fromWinnemac Park,
Ravenswood Metra, Brown Line, Giddings Plaza (and fountain!),
Mariano's, dozens of restaurants, bars and more. Experience some of the
best block parties and neighbors in the city!
