Morton Grove
REAL ESTATE
$7 billion dollar investment planned for Chicago’s West Side
(The Center Square) – A major development is planned for the land around Chicago’s primary Democratic National Convention site. United Center next-generation owners Michael Reinsdorf and Danny Wirtz announced The 1901 Project, a $7 billion private investment on Chicago’s West Side. Plans include a 6,000-seat music hall, an elevated park, hotel and retail programming. Michael...
The salaries you'd need to afford iconic TV and movie homes from ‘Full House', ‘The Godfather' and more
This year, the Chicago-area house from "Home Alone" and the iconic "Full House" townhouse in San Francisco hit the market with asking prices in the millions. If you've ever wondered what it would cost to own the properties from some of your favorite movies and TV shows like "Scarface", "Mean Girls", "Twilight" and "The Sopranos" — or if you'd ever be able to afford it — a recent study has some answers.
Wilmette 6-bedroom home with bluestone patio, 2 Juliet balconies: $2.2M
Address: 35 Linden Ave., Wilmette Price: $2,200,000 Listed: June 28, 2024 This English Lannon stone home has six bedrooms, five full bathrooms and two half-baths. The living room features a wood-burning fireplace, millwork and built-ins. The first-floor also has a sunroom, a De Giulio kitchen and a family room with views of the backyard and bluestone patio. The primary suite is equipped with a spa bathroom and a walk-in closet. The third floor offers a treetop game room/library with a gas fireplace, a wet bar, an exercise room and two Juliet balconies with lake views. The basement has a rec room with a wood-burning fireplace, a bar, a laundry room, a workroom, and storage. An attached and heated two-car garage and a dog run complete this home.
Popular Wrigley Field rooftops to be torn down for another soulless apartment complex
I am not even a Chicago Cubs fan, but this makes me sad. For a few years there, I was a Wrigleyville resident. I lived half a block south of Wrigley Field. While I felt like a complete outsider the entire time I lived in Chicago, I did grow to find comfort in the neighborhood I chose to live in. Then, COVID happened, and that was a sign to me from the universe that I needed to move back home to Atlanta.
Habitat Opens First Apartment Building at $200 Million Mixed-Use Development in Chicago
CHICAGO — Locally based developer and property manager Habitat has opened OC Living, the first residential community at Ogden Commons, a $200 million mixed-use development in Chicago’s North Lawndale neighborhood. Located at 1325 S. Washtenaw Ave., OC Living consists of one four-story building housing 92 units across four...
West Town affordable housing development receives partial funding approval
An affordable housing development at 1237 N. California Ave. in Chicago’s West Town neighborhood has secured partial funding approval, marking a significant step forward for this impactful project. Spearheaded by the Hispanic Housing Development Corporation and designed by DesignBridge, the development is set to replace a vacant lot with much-needed housing for working families and seniors.
What’s for Sale on the Edge of the City?
The Chicago real estate market tends to focus on trendy, cool neighborhoods close to downtown, rather than on the city’s borders. What do you mean a young professional doesn’t want to live in Dunning or Edison Park? Joking aside, the far Northwest Side is not some distant place. Believe it or not, there are some interesting (and somewhat reasonably priced) properties available for sale for families who wish to remain in the city proper. Residents in the farthest parts of Chicago get to experience a semi-suburban lifestyle while still enjoying (and paying for) city conveniences. Take, for example, our first listing in Morgan Park: it’s only 16 miles from the Loop, but the neighborhood feels like a different world with its large lots, winding streets, and roundabouts. So let’s take a look at that property as well as four others located on the edges of the city.
Afternoon Briefing: Southland homeowners demand property tax relief
Good afternoon, Chicago. More than 10,000 residents of Cook County can expect to receive automatic refunds due to overpayments of their property taxes, Cook County Treasurer Maria Pappas announced today. The treasurer plans to send out more than $22 million in refunds by Aug. 9. Meanwhile, as south suburban homeowners prepare to pay their historically high property tax bills ahead of the Aug. ...
Mixed-Use Property in Chicago’s Hyde Park Neighborhood Sells
Interra Realty has brokered the off-market sale of a 33-unit mixed-use property at 5704 S. Harper Ave. in the city’s Hyde Park neighborhood for $6.6 million. Interra Senior Managing Partner Brad Feldman represented both the buyer, a local private investor, and seller, a private family partnership. The corner building...
The "South Bend Shovel Slayer's" House From Home Alone Is For Sale Outside Chicago
Crain's Chicago Business - A shingle-covered, turreted 19th century Winnetka house, the work of a distinguished architect but most familiar from its cameo in "Home Alone" as the house where the supposed South Bend Shovel Slayer lived, is for sale. Penny and Dick Green are asking just under $4.2 million...
Envision Evanston hones in on ‘bold steps’ for more housing density and variety
The city’s new zoning code and comprehensive plan began to take shape Monday evening as staff presented a number of “bold steps” under consideration in the Envision Evanston 2045 initiative to the City Council, with a focus on increasing density to enable existing residents to stay and return here alongside new residents moving into the city.
Interra Realty closes sale of 40-unit apartment property in Chicago’s Uptown neighborhood
Interra Realty brokered the sale of The Synagogue, a 40-unit multifamily property at 5029 N. Kenmore Ave. in Chicago’s Uptown neighborhood for $8.175 million, or $204,375 per unit. Constructed in 1922, the building is an adaptive reuse of a former temple that was reopened as rental apartments in 2019.
Commercial Real Estate Hall of Fame: Riley Safer Holmes & Cancila’s LaVon Johns
For nearly three decades, commercial real estate and transactions attorney LaVon M. Johns has solidified her reputation as go-to counsel for some of the nation’s most significant public/private partnership and nonprofit transactions. As Partner and Leader of the Business Transactions group at Riley Safer Holmes & Cancila LLP (RSHC),...
Calling for More Nominations in Connect CRE’s 2024 Women in Real Estate Awards
Nominations are open for Connect CRE’s 2024 Women in Real Estate Awards, and although response to our eighth annual program has been strong, we’re looking for nominees who haven’t been acknowledged 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.
Chicago’s Lee & Associates Asset Management adds EVP
Lee & Associates Asset Management hired Ryan Freed as executive vice president. Chicago-based LAM is the independently owned asset management arm of Lee & Associates, one of the largest national commercial real estate services providers. LAM currently manages 10 million square feet of office, industrial and retail properties across more than 100 buildings in Illinois, Indiana, Minnesota, Missouri, Wisconsin, Michigan and Texas.
June home sales slump, pointing to a buyer’s market as supply increases
A home is offered for sale on March 22, 2024 in Chicago, Illinois. Sales of previously owned homes dropped 5.4% in June compared with May, to 3.89 million units on a seasonally adjusted, annualized basis, according to the National Association of Realtors. Sales were also 5.4% lower than June of last year. This is the slowest sales pace since December.
Suburban single-family home sales drop 20% year over year
The number of single-family homes sold in Chicago’s suburbs dropped nearly 20% from June 2023 to June of this year, Mainstreet Organization of REALTORS® reported. There were 3,360 detached homes that sold last June and only 2,735 detached homes that sold during the same month this year. The...
Sterling Bay’s Marcey Street Development Still On Hold — As Is Neighboring Lincoln Yards
LINCOLN PARK — Prominent Chicago developer Sterling Bay is striking an optimistic tone as it hopes to soon move forward with a two-tower apartment complex in Lincoln Park as well as the long-stalled Lincoln Yards megadevelopment along the Chicago River. But community opposition to the Lincoln Park project and...
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