Bellwood
REAL ESTATE
Suburban homeowner's property tax bill skyrockets from $1,800 to over $30K
COOK COUNTY - A homeowner in unincorporated Chicago Heights is reeling after receiving a property tax bill that assessed his modest 1950s home at over $1 million. Darryl Lloyd, who purchased the three-bedroom, one-bathroom house in 2006 for $115,000, maintains its current market value is just over $180,000. "I was...
Peak Properties LLC takes over management duties at Gold Coast apartment property
Peak Properties LLC has taken over management of 860 Dewitt, previously Gold Coast City Club Apartments. Located in the heart of Chicago’s Gold Coast/Streeterville neighborhood, the property features 148 residential units, one commercial space occupied by Dollop Coffee and the adjacent parking garage. Offering studio to penthouse apartment options,...
New UPDATE: Confusion As To WHO Actually Owns Bob’s Salt and Feed Property
UPDATE 2: as of the publication of our update 4 days ago, the West Chicago City Administrator emailed us (unsolicited ), and said this:. “I’m sorry Heather, while what Tom wrote you is accurate, as I previously communicated, we are still not the official owner of the three parcels and won’t be until all outstanding obligations are satisfied and we close on the property, both of which have not occurred; the back taxes component has been particularly challenging. The City hopes to finalize those remaining requirements to complete the ownership process next week.”
Office tenants seek out top-tier spaces, showing downtown market isn’t quite dead
The downtown Chicago office market remained stuck in the doldrums during the first half of 2024, with a historically high vacancy rate and sinking office employment. But the news isn’t all bad. The best skyscrapers, either recently built or renovated, are thriving as companies entice employees back downtown by renting top-tier offices. “The old adage that success breeds success is true,” said ...
Real estate firms to break ground on 4 medical office buildings in Florida
Two Florida-based real estate developers are planning to break ground on three Florida medical office buildings in the fall, according to a June 28 report from the South Florida Business Journal. A fourth building by a separate developer is also coming to Pembroke Pines, Fla. The other buildings will be...
Assessor's Office hosts webinar about property taxes amid record-high property tax increases
The South Suburban Housing Center and the Cook County Assessor's Office are hosting a webinar about property taxes on Tuesday, July 9. Participants will learn about the triannual reassessment cycle, property tax saving exemptions from a Cook County Assessor representative, and engage in a Q&A session. The webinar follows a...
Report: Chicago Office Market Leasing Activity Remains Expiration-Driven
The downtown Chicago office market experienced divergent conditions in Q2, with overall inventory remaining stable at 148.7 million square feet, according to a Q2 office report from Savills. The bifurcated conditions resulted in properties with newer construction, amenities, and prime locations being highly sought after and performing well. Conversely, the...
Nominations Are Open for Connect CRE’s 2024 Women in Real Estate Awards
For the eighth consecutive year, Connect Commercial Real Estate will honor women whose talent, drive, leadership and fresh ideas have helped them succeed and become influential in commercial real estate. Nominations are now open for the 2024 Women in Real Estate Awards, and we invite you to participate. We’ll put...
Buying a Home is Hard. It’s Even More Difficult When You’re Undocumented.
Several times throughout the home-buying process, Jorge wanted to throw in the towel. The journey of owning a home was longer and more complicated than he imagined. He was buried under a mountain of paperwork and endless requests for financial statements and records. Qualifying for a loan became progressively overwhelming, especially when juggling work and other responsibilities. “I was starting to regret it,” Jorge said. “I got tired.”
11 years later, a cover story is born
In a way, the cover story in this issue of Chicago Agent magazine has been more than a decade in the making. It was sometime last summer when we recognized that real estate titan Tommy Choi and mortgage expert Amir Syed appeared on the cover of the July 2013 magazine for an article about business partnerships.
1812 N. Howe St., Chicago, IL 60614
Welcome to Cashel Home’s magnificent new construction on a corner lot, near the end of a wide, one-way, tree-lined street in desirable East Lincoln Park. This three-story penthouse, over 4,000 square feet, is a “floating home,” literally an elevated lifestyle experience. Every detail of this opulent, limestone...
Guaranteed Rate announces its rebrand to ‘Rate’
Chicago-based Guaranteed Rate, one of the country’s largest mortgage lenders, has rebranded to Rate. The company made the announcement Monday on social media. “Today, we’re rebranding as Rate,” the company posted on LinkedIn. “Just like our streamlined name, we’re committed to making the mortgage process smoother, faster and smarter, using AI to empower both customers and loan officers alike. It’s more than a new name. It’s a new era.”
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