Villa Park
REAL ESTATE
Oak Park 6-bedroom home with basketball court: $2M
Address: 605 Linden Ave., Oak Park Price: $1,985,000 Listed: June 17, 2024 This six-bedroom home, with five full bathrooms and two half-baths, is known as the James Fletcher Skinner House, designed by Charles E. White Jr., who worked in the Oak Park studio of Frank Lloyd Wright. The Prairie style home has an entry with leaded glass doors and an inlaid glass-tiled fireplace. The first level has a dining room with quarter-sawn oak paneling and a living room with stained glass windows and a gas fireplace with an ornately carved mantel. The kitchen has a wine refrigerator, two full-size Sub-Zero refrigerators, Dacor double ovens and a Miele dishwasher. The primary bedroom suite has heated floors in the bathroom and a dressing room with two walk-in closets. The lower level has a home theater with a 4K-capable projector and a 158-inch projector screen. The home also has a heated basketball court with a removable floor and a coach house above the 2½-car garage.
The Feds Sent Millions To The CHA For Lathrop Homes. After 2 Decades, 300 Apartments Are Still Empty
LATHROP HOMES — J.L. Gross has waited years to see the vacant homes get fixed up at his longtime community. For more than two decades, hundreds of apartments at the Lathrop Homes have sat empty while the Chicago Housing Authority slowly converted the North Side public housing complex into a mixed-income development.
Afternoon Briefing: Residents want protection from housing price increases near Obama center
Good afternoon, Chicago. Weeks after Barack Obama donned a hard hat to celebrate the topping off of his landmark presidential center in Jackson Park, 81-year-old Pat Hightower fretted about time running out to save the fabric of nearby neighborhoods. A resident of Woodlawn and former social worker turned organizer with Southside Together Organizing for Power, she told the Tribune she’s heard ...
Report: Housing is less affordable due to red tape in Illinois
(The Center Square) – A new report found that Illinois had the third-worst rate in the nation for building new housing units in 2023, with the main culprit being over regulation. Illinois Policy Institute found that government regulations account for nearly $70,000 of the $292,000 median home price in the state. Researcher Ravi Mishra said that is preventing new housing construction and aggravating a housing shortage, leading to higher prices...
Wingspan Development Announces Start of Pre-Leasing at The Dawson in Downtown Mount Prospect Illinois
Wingspan Development Group, a national development firm, announced pre-leasing is underway for The Dawson, a new seven-story, 64-unit Class A luxury apartment community in downtown Mount Prospect, Illinois (a suburb of Chicago). The Dawson offers an elevated amenity package and a choice of junior one-, one- or two-bedroom layouts stylishly...
Developers building $900K townhomes on vacant Kenwood lot
Three single-family townhomes with an expected listing price of almost $1 million are coming to Kenwood next year. Construction on the townhouses, a project of Chicago-based real estate developer Wemi Properties LLC, began in December and is expected to finish early 2025. Located at 4719 S. Ingleside Ave., the townhomes’ developers say they plan to sell each two-story, 2,400-square-foot building for about $900,000.
Experts say look at Central Illinois if you are Buying a Home
2 of the 3 Best Cities to Buy a Home in Illinois this year are located in Central Illinois. Which two cities in the middle of the Land of Lincoln are the places you should want to buy a home in? Here are the details... According to Niche.com's list of...
Essex Realty Group Brokers Multifamily Portfolio Sale of Two Auburn Gresham Apartment Buildings in Chicago
Essex Realty Group, a leading Chicago based multifamily brokerage firm, is pleased to announce the closing of two multifamily properties located in Chicago’s South Side Auburn Gresham neighborhood. Both properties, located at 1401 W 80th and 7955 S Paulina, were sold to a private local investor for $1.6 million.
Edison Park Apartment Complex Approved Despite Pushback From Neighbors
EDISON PARK — An 82-unit apartment development is coming to Edison Park despite some pushback from neighbors. The City Council on Wednesday approved a request to rezone the property at 6750 N. Northwest Highway, the former M.J. Suerth Funeral Home. The rezoning allows developer Valdir Barion to construct two, four-story buildings, each with 41 apartments, 41 parking spaces and a courtyard.
Streeterville 3-bedroom home with white oak hardwood floors: $1.9M
Address: 451 E. Grand Ave., Unit 4702, Chicago Price: $1,895,000 Listed: June 26, 2024 This three-bedroom, two-and-a-half-bath home in One Bennett Park offers skyline views and is alongside a private park. It has 10-foot ceilings, white oak hardwood floors, Nest thermostats and LED lighting with dimmers. In the kitchen are custom millwork cabinetry by Plain & Fancy, Perla Venato stone countertops and backsplashes, fixtures by Kallista and built-in appliances by Wolf and Sub-Zero. The primary suite includes a spa-inspired Statuario marble bath, heated floors, Kallista polished nickel fixtures, a walk-in shower and a soaking tub. Building amenities offered are a private limestone and granite motor court, 24/7 door staff, a bar, billiards room, and a wellness studio, as well as indoor and outdoor saltwater pools, a spa and salon and a Pilates studio. A garage parking spot is available for purchase at $75,000 with the option of valet or self-parking.
Interra Realty Brokers $8.175M Sale of The Synagogue Apartment Building in Chicago’s Uptown Neighborhood
Interra Realty, a Chicago-based commercial real estate investment services firm, announced it brokered the sale of The Synagogue, a 40-unit multifamily property at 5029 N. Kenmore Avenue in the city’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.
LG Group Spearheads $300 Million Residential Expansion in Chicago's Fulton Market with Two Tower Project
Chicago's Fulton Market neighborhood is poised to further transform as developers lay plans for significant residential expansions. LG Group is pushing forward with its $300 million mixed-use project, slated for discussion at the Chicago Plan Commission this Thursday. This substantial development, as detailed by the Chicago Sun-Times, would bring two towers with more than 600 apartments and a grocery store—a much-needed amenity for the rapidly growing area.
Kale Realty’s Q2 Summit
Kale Realty hosted its Q2 Summit on June 21 at the Carlucci Auditorium in Rosemont. Many Kale Realty agents turned out to the event, along with industry guests, for a day full of presentations and networking. MCed by Lizzie G, the series of speakers featured Angela Lim and Franco Valentino...
Former Dunlay’s Site In Lincoln Park Could Become Apartments
LINCOLN PARK — Developers plan to build a seven-story apartment building in Lincoln Park at the site of the former Dunlay’s on Clark, D.O.C. Wine Bar and Affordable Portables. Sixty-six apartments and retail would come to the building at 2600 N. Clark St. under a proposal from developer...
Urban Innovations Negotiates 25 Leases in River North Office Buildings
Urban Innovations is pleased to announce that the firm has signed 25 leases in the first half of 2024, totaling over 60,000 square feet. The tenants represent a variety of industries, signaling that many companies continue to seek well-designed office spaces with modern amenities in Chicago’s River North neighborhood. Aaron Zaretsky of Urban Innovations represented ownership on these transactions.
Illinois sales are increasing as inventory rises — but not in the city
Statewide home sales increased slightly during May, according to data from Illinois REALTORS®, but the increase in inventory was much starker. In May, 13,068 homes sold: a 0.2% bump from last year. At the same time, the number of homes on the market rose 2.1% year over year, hitting 18,295 available homes. During that period, the state’s monthly median price was $300,000, 9.1% higher than in May 2023.
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