Hodgkins
REAL ESTATE
Bucktown 6-bedroom home with in-ground pool: $3.6M
Address: 1941 W. Dickens Ave., Chicago Price: $3,615,000 This six-bedroom Bucktown home with five-and-a-half bathrooms overlooks a walled garden and lawn with a wisteria-covered pergola and in-ground pool. The primary suite on the second floor contains a dressing room and a bathroom with dual vanities, Hermes wallcoverings, heated marble floors, a freestanding tub and a steam shower. The lower level features a great room with a media lounge, a wet bar with a Sub-Zero fridge and an ice maker, a gaming area, a guest bedroom and full bath, a gym, storage closets with leather-wrapped doors, a wine cellar, a workshop, a mudroom and a full bath with laundry. The chef’s kitchen and adjacent sunroom share a wood-fired fireplace, alongside other inside and outside fireplaces. There are heated floors on the main level and in the primary bathroom, and also a heated sidewalk to the garage. A three-car heated garage with a charging station completes this home. Listing agent: Ryan Preuett, Jameson-Sotheby’s International Realty, 312-371-5951
850 N. Lake Shore Drive, Residence 1805, Chicago, IL 60611
Available now, this spacious 1,737-square-foot, split, two-bedroom residence offers a five-fixture primary bath, a large den, new stainless steel Bosch kitchen appliances and an in-unit Whirlpool washer and dryer. Every window offers stunning views of Lake Michigan, making this home a serene retreat within the vibrant city. Housed in a beautifully renovated historic building on Chicago’s lakefront, it seamlessly combines classic elegance with modern luxury.
JRK Acquires 288-Unit Apartments in Bolingbrook
JRK Property Holdings has acquired Brook on Janes Apartments, a 288-unit Class-A multifamily community in the Chicago suburb of Bolingbrook, Illinois. Kevin Girard, Roberto Casas, and Matt Lawton in JLL’s Chicago office represented the seller in the transaction. The acquisition was leveraged with attractive 10-year fixed-rate agency financing arranged by Annie Rice and Brandon Smith from JLL’s Los Angeles office.
Johnson’s Housing Bond Promises to Succeed Where TIFs Fall Short
Over the next five years, the South and West Sides will see much of the $1.25 billion allocated earlier this year for affordable housing and economic development. The post Johnson’s Housing Bond Promises to Succeed Where TIFs Fall Short appeared first on South Side Weekly.
Additional Dwelling Unit Ordinance Predominantly Benefits the North Side, Data Shows
This is post 2 of 2 in the series “Housing Issue 2024”. Additional Dwelling Unit Ordinance Predominantly Benefits the North Side, Data Shows. In December 2020, Chicago lifted its historic ban on accessory dwelling units, or ADUs. Commonly known as “granny flats” or “coach houses,” applications for permits to build ADUs became available across five city areas through an accompanying pilot program, which took effect in May 2021. Housing advocates have championed ADUs for years as a means to increase population density, create an additional income stream for the property owner, and increase affordable housing. When the ordinance was approved in 2020, the Lightfoot administration promised that the program would “support our most vulnerable residents and our business community.”
‘Crisis mode’: Housing providers are being squeezed by rising insurance costs, driving rents up. Unlike other states, Illinois can do little about it.
Stuart Handler runs a company that owns and manages 47 properties, with a total of 6,000 apartments throughout the Chicago area. For 2024, the insurance premium on his portfolio of properties increased about 150%, and his deductible climbed from $100,000 to $1 million. The jump in insurance costs came even though Handler’s record of filing claims related to damage at his properties — an action ...
Logan Square MF Trades in 1031 Exchange
A 13,000-square-foot, turnkey multifamily property in Chicago’s Logan Square neighborhood has sold for $3.17 million or just over $450,000 per unit. Greenstone Partners arranged the sale of 2647 North Washtenaw, a fully leased seven-unit investment property. The firm’s Jordan Multack procured both the seller the seller and the buyer in the transaction. The ultimate purchaser utilized 1031 exchange proceeds to close the transaction.
Bucksbaum Properties Acquires 71,000-Square-Foot Mixed-Use Property in Metro Chicago
Naperville, Ill. — Bucksbaum Properties has acquired River District, a 71,000-square-foot mixed-use development situated on 2.7 acres in Naperville, roughly 35 miles outside Chicago. Built in 1988, the property features 59,000 square feet of retail space and 12,000 square feet of second-floor office space. Retail tenants at the development include Rosebud, Fat Rosie’s Taco & Tequila Bar, Chipotle Mexican Grill and Five Guys. According to a press release issued by the company, the acquisition is part of a strategy to acquire “assets that offer a long-term potential for higher and better use.”
Nominate a Woman in Real Estate for Our Eighth Annual Awards
With a little more than a week to go before the deadline for submitting nominations to Connect CRE’s 2024 Women in Real Estate Awards, here’s a reminder to would-be nominators who haven’t nominated as yet. We’re continuing to call for nominations to spotlight women whose talent, drive and leadership have helped them succeed and become influential in commercial real estate.
Fulton Grace Realty’s grand Elmhurst opening
Fulton Grace Realty has expanded into Elmhurst with a new office in the suburb’s downtown area. A grand opening event was held July 9, attended by family, friends, business partners and community leaders. The Elmhurst team includes brokers Vickie Soupos, Nick Nastos, and John Floros; they will oversee residential...
‘The same battle from the very beginning’: After almost 30 years of redevelopment, some Henry Horner Homes residents say they face inadequate housing
Charnae Harmon was just 11 years old when her family moved into the Henry Horner Homes in 1985. Harmon recalls the “horrible conditions” that characterized her childhood inside the Horner high-rises: infestations, violence and perpetually unresolved maintenance issues. Ten years after Harmon moved in, the first wrecking ball struck the walls of the infamous public housing complex on the Near ...
KeyBank Secures $94M in Financing for Tysons Corner MF
KeyBank Real Estate Capital (KBREC) secured a $94.3 million Freddie Mac fixed-rate loan for the NRP Group to refinance existing debt on a multifamily housing property in Tysons Corner, Virginia. NRP Group is a vertically integrated, best-in-class developer, builder, and manager of multifamily housing, Rob Garrison and Anthony Tavrell of KBREC structured the financing.
Kiser Group Facilitates $17M Sale of Ravenswood MF Portfolio
Kiser Group closed the sale of Ravenswood Gardens, a distinctive portfolio sale consisting of 151 units across seven California-style buildings located in the Sheridan Park Historic District in the Uptown neighborhood on Chicago’s north side. The property was sold for $17.21 million and is being repositioned by the new owner.
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