Burnham
REAL ESTATE
Chicago named one of the ‘most expensive places to live' in the US for 2024 in new report
As rent and home prices across the nation remain high, Chicago just ranked on a new list of the "most expensive places to live" in the U.S. for 2024. The new list, from U.S. News and World Report, ranked cities cross the country based on median gross rent and annual housing costs for mortgage-paying homeowners, editors said.
Wrigleyville 5-bedroom home with 2 decks: $3.3M
Address: 3628 N. Lakewood Ave., Chicago Listed: Aug. 6, 2024 Price: $3,299,000 This five-bedroom home has four full bathrooms, three half-bathrooms, and a brick-and-limestone facade inspired by London’s Hampton Court Palace. Tall ceilings, oversized millwork, custom built-ins, thick solid doors, marble mosaic and white oak floors are featured throughout the home. Christopher Peacock designed the English-style kitchen, which comes with storage space, an oversized island with a breakfast bar and banquette seating. The primary suite has a sitting room, a bedroom with a vaulted ceiling and a balcony. Its spa bathroom has English walnut cabinets, a soaking tub, a steam shower and dual walk-in closets. The outdoor space of this home includes a landscaped bluestone patio in the front and two decks: one off the kitchen and the other over the home’s three-car garage. This home is completed by dual laundry centers, a wet bar, Pella windows with roll-down screens, zoned radiant heat and a full-height attic that provides additional storage.
FHLBank Chicago Convenes IFF, Illinois Housing and Development Authority and Rep. Sean Casten to Discuss Housing Solutions for Illinois 6th District
ORLAND PARK, Ill.--(BUSINESS WIRE)--Aug 29, 2024-- The Federal Home Loan Bank of Chicago (FHLBank Chicago) today convened a discussion around the barriers, challenges, and solutions to housing needs in Illinois and Chicagoland—bringing together key leaders in the space like U.S. Congressman Sean Casten (IL-06), IFF, and the Illinois Housing Development Authority (IHDA). Hosted at the Union Avenue Apartments in Orland Park, Ill., which provides affordable housing to people with developmental disabilities, the event also included a check presentation of $2 million to IDHA from FHLBank Chicago’s Community First ® Housing Counseling Resource Program (HCRP) to help support housing counseling for...
Illinois struggles with housing starts as costs keep rising
High taxes have driven Illinois to the bottom of the state rankings for new housing permits. According to U.S. Census Bureau data provided by iPropertyManagement, Illinois had 1.34 new privately-owned housing permits per 1,000 residents in 2023. Only Rhode Island and Alaska had fewer. HBA Realty broker and owner Jeff...
A reimagined historic colonial hits the market
When Charles Warren Stiger built his home in Oak Park in 1910, he hired noted Chicago School architect N. Max Dunning, who designed a stately brick and stucco colonial home with Tudor influences for the Stiger family. Dunning was among the founders of the Architectural League of America and served...
Meet the boomers who are leaving their big homes
Mark and Kathy Swartzendruber "couldn't be happier" with their Chicago house that boasts a yard, a tree-lined street — and just over a third of the square footage of their old place. Why it matters: With empty nesters hogging family-sized homes, we talked to some who have downsized or...
Chicago’s The Saint Grand hits 75% leasing level
The Saint Grand, a co-development and joint venture between Mavrek, Double Eagle Development, Luxury Living and GW Properties, announced that 75% of its 248 Class-A luxury apartments in Chicago have been leased. The mixed-use development also includes 45,000 square feet of offices at 535 N. St Clair and 8,000 square...
Oak Park board considers ways to grow affordable housing
Among Oak Park’s top goals is growing affordable housing opportunities. That’s why in 2019 the village board adopted an inclusionary housing ordinance. And it’s why on Tuesday, the board reviewed staff recommendations on how to strengthen the ordinance. To do that, the board could expand the geography covered by the ordinance, offer developers additional incentives for including affordable rental units in larger projects and/or increase the fees charged to developers who would rather pay into the village’s affordable housing fund instead of building affordable units.
Peak Properties to manage converted factory space in Chicago’s Lincoln Park
Peak Properties has been awarded management of The Ludlow, a historic typograph factory that has been reimagined with 121 residences and 20,000 square feet of commercial space in Chicago’s Lincoln Park neighborhood. Located at 2032 N. Clybourn, the loft apartments feature studios to three-bedroom units split between five buildings...
DarwinPW Realty Represents Sellers in Stockyards Building Sale
DarwinPW Realty/CORFAC International Principal Ed Wabick and Vice President Terry Lynch recently represented Stockyard Bricks in its sale of a 14,000-square-foot building and 3.35 acres of industrial outdoor storage at 4150 S. Packers Ave in Chicago’s Stockyards neighborhood to Midwest Trailer Repair. “Industrial outdoor storage is extremely hard to...
Palatine Township Residential Values Step Up by 2%, Commercial Values Inflate by 24%
O'Connor observed that Palatine Township residential values increased by 2%, while commercial values rose by 24%. CHICAGO, ILLINOIS, UNITED STATES, August 29, 2024 /EINPresswire.com/ -- Residential Assessment Surges . Property owners in Cook County usually expect property values to grow annually. Residential property in Palatine Township Cook County, Illinois had a...
Colliers Arranges Sale of Woodridge Commerce Center
Colliers completed the sale of Woodridge Commerce Center, an institutional quality, three-building industrial complex located at 10204, 10210, and 10216 Werch Ave. on the eastern edge of Chicago’s I-55 Corridor. Jeff Devine, Steve Disse and Tyler Ziebel represented the seller, Unilev Capital and an affiliate of Palladius Capital Management,...
NAR Names Tether RE as Winner of 2024 Pitch Battle Competition at iOi Summit
CHICAGO (August 29, 2024) – The National Association of Realtors® is proud to announce that Tether RE won the sixth annual Pitch Battle competition at the 2024 Innovation, Opportunity & Investment (iOi) Summit. NAR's strategic investment arm, Second Century Ventures, presented this year's Pitch Battle in Chicago, where...
Chicago/Midwest People & Company News, week of August 30, 2024
JVM Realty (JVM), a Chicago-based vertically integrated multifamily real estate investment and property management firm, has hired Adam Short as the company’s chief investment officer. In his new position, Short will be responsible for managing all aspects related to JVM’s capital needs and structure, including debt and equity.
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