Westchester
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...
Ask an expert - dominic mancini, lawyer
Dominic Mancini found more than a job when he began his career in Hinsdale nearly 50 years ago. He found his forever home. He's now a father of four and a grandfather of 10, seven of whom live within walking distance of Mancini's house. "I love that," he said, saying...
52 Apartments Planned For Rogers Park Lot, But Some Say That’s Too Much
ROGERS PARK — A six-story apartment building could be coming to a vacant Rogers Park lot, but some neighbors say the plan is too dense and doesn’t have enough parking. Developer 5035 Land Owner, LLC is asking Ald. Maria Hadden (49th) for a zoning change to move forward with building 52 apartments at 7728 N. Sheridan Road. There wouldn’t be any retail space included in the project.
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. ...
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...
Frank Lloyd Wright’s Walser House in Austin: looking for a new lease on life
The J.J. Walser House at 42 N. Central Ave. in Austin is in need of a savior. Designed by Frank Lloyd Wright in 1903, the home is an early example of Wright’s Prairie Style. The Frank Lloyd Wright Building Conservancy is working with members of the Austin community to save the house and ensure its survival.
Southport corridor 7-bedroom home with attached 3-car garage: $4.4M
Address: 3504 N. Janssen Ave., Chicago Price: $4,400,000 Listed: June 24, 2024 This seven-bedroom, 7½-bath, single-family home in the Southport corridor of Lakeview has a fully enclosed yard with multiple outdoor entertaining spaces and an attached three-car garage. The open floor plan includes floor-to-ceiling windows. The kitchen is equipped with Wolf and Sub-Zero appliances, custom shaker-style rift-cut white oak cabinetry, a butler’s pantry with a sink and wine cooler, a prep kitchen with a sink and a second dishwasher, and a large island with bar seating. The adjoining great room has a fireplace flanked by custom built-ins and access to the rear patio. The house also has a breakfast nook and a mud room with built-in storage and a walk-in closet. The primary suite has two walk-in closets, a private balcony and a bathroom with a steam shower, a freestanding tub, heated flooring, two toilet rooms and dual sinks.
Pioneer Arcade receives city, state support to be developed into affordable housing
Plans to construct affordable housing units in the historic Pioneer Arcade building in Humboldt Park can officially move forward. Gov. J.B. Pritzker and the Illinois Housing Development Authority announced the 2024 low-income housing tax credit awardees Tuesday, and the Hispanic Housing Development Corp.’s plan to construct 61 affordable housing units for older adults at the former bowling and ...
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...
The Q2 Real Data numbers are in!
The year’s second set of real estate sales data is here. Our Real Data report covers residential real estate sales from April through June and highlights which brokers, teams and offices had the highest quarterly sales numbers across Chicagoland. Congrats to all the top performers from the second quarter of the year. The figures are made possible through a collaboration with Midwest Real Estate Data LLC.
Interra Realty closes sale of 33-unit mixed-use property in Hyde Park neighborhood
Interra Realty 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 includes...
North Side home sales gains beat the rest of the city
24-Jul-24 – Despite lofty mortgage rates, North Side existing-home sales in the second quarter of 2024 beat residential marketing activity in the rest of Chicago. Sales activity rose 4.1 percent across the North Side despite mortgage interest rates generally at 7 percent or more, combined with steadily rising home prices and a continuing shortage of available homes, according to the Chicago North Side Market Report. The analysis is prepared quarterly by Mary Jo Nathan of Baird & Warner’s North Center office at 4037 North Damen Avenue.
Chicago/Midwest People & Company News, week of July 26, 2024
Chicago-based commercial real estate brokerage firm Greenstone Partners announced the addition of two experienced assets to its team. Senior Marketing Manager Jessica Langner and Graphic Designer Hannah Hudelson joined the organization, bringing robust and enhanced marketing support. Additionally, Trevor Allen has been promoted to senior investment analyst, and the firm also welcomed five new summer investment analyst interns.
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.
Poah acquires Harvest Commons and Warren Ashland Apartments
Poah acquires Harvest Commons and Warren Ashland Apartments (Chicago, IL) – Preservation of Affordable Housing (POAH) this week acquired two residential properties – Harvest Commons and Warren Ashland Apartments – from the troubled Heartland Housing portfolio. The properties are located in Chicago’s bustling Near West Side at 1519 and 1533 W. Warren Blvd. respectively, and comprise 164 mixed-income apartments.
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.
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