Residential

65 posts

2174 W Giddings St Unit 2E, Chicago, IL 60625

Just Listed – Lincoln Square 2/1 steps to Plaza

Set on a quiet tree lined street this spacious unit is just steps from the plaza and heart of Lincoln Square. Generous room sizes, this home has a newer gourmet kitchen, and bathroom. Hardwood floors throughout. In unit laundry. Central air. Enclosed sun room perfect for office, sitting room or arts and crafts. South facing unit just a short walk to brown line, metra, restaurants and shops of the Square!

Chicago Mayor Rahm Emanuel arrives at a town hall meeting on the city budget in Chicago

Chicago approves Emanuel’s property tax increase

Chicago Mayor Rahm Emanuel’s $7.8 billion fiscal 2016 budget and a historic property tax increase to pay for public safety worker pensions easily cleared the city council on Wednesday. However, the plan for the fiscal year that begins on Jan. 1 still faces uncertainties in the Illinois Legislature and supreme […]

New affordable housing fees

[Sun-Times] Mayor Rahm Emanuel’s complex solution to Chicago’s affordable housing crisis was advanced by a City Council committee Wednesday, amid concern that the costly mandates could stifle residential development. Chicago’s existing “affordable requirements ordinance” offers a choice to developers of projects with 10 or more new or rehabilitated units that […]

solar photovoltaic panel

Residential Outpacing Commercial Solar Photovoltaics

(source: Proud Green Home) Driven by strong year-over-year growth in the utility and residential markets, the United States installed 1,330 megawatts of solar photovoltaics (PV) in the first quarter of 2014. According to GTM Research and the Solar Energy Industry Association’s (SEIA) Q1 2014 U.S. Solar Market Insight Report, the U.S. […]

Knee Deep

Last week’s flood left many homes with damage. Even minor flooding can cause damage to not only personal property, but dry wall, framing, floors and tile. According to the Federal Emergency Management Agency, flooding causes $2.9 billion in losses between 2002 and 2011. Not only are residents faced damaged property, […]

Panel OKs subsidies for Bronzeville redevelopment project

As reported yesterday in Crain’s, the redevelopment for  the Rosenwald Courts building, in the Bronzeville neighborhood has been approved, 7-1, and is set to received up to $25 million in tax-increment funding (TIF). The development which will hold 331 units, will have 18 market rate apartments with the remaining homes […]

Distressed Out

Let’s say you were a conservative, responsible homebuyer back in 2006, and made what, by all accounts, would be considered a conservative, responsible down payment of 20%. Since then, the average home price across Chicagoland has fallen by more than 30%, according to conservative estimates. Conservatively, that means a lot […]

FHA Premiums Lowered for Refis

FHA is lowering its mortgage insurance premiums to help borrowers refinance into lower interest rates.  Additional help to military who have been wrongly foreclosed on or denied the opportunity to refinance as well, as announced by President Obama earlier this week FHA is reducing its up-front premium to .01 percent, […]

Illinois to get $1 bil. in mortgage settlement – Crain’s Chicago Business

(AP) — Illinois is expected to receive about $1 billion in a multi-state settlement with the nation’s five largest mortgage lenders, Attorney General Lisa Madigan announced Thursday. Madigan joined with attorneys general in others states and federal officials to announce the roughly $25 billion settlement in Washington. Read the full […]

Oct Monthly Statistics

Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Oct 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/   Contracts written is up for both residential and commercial properties. Months supply of inventory is also lower, although for several property types the drop has been […]

More Refinancing Options for Underwater Homeowners

The Obama administration announced plans to expand the Home Affordable Refinance Program to make it easier for homeowners who are struggling but still making mortgage payments to refinance their homes. Changes to the program include refinancing despite how much a home’s value has fallen, reducing some fees, and eliminating the […]

Sept Statistics

Chicago area real estate statistics for residential and commercial properties have been updated for the past twelve months ending in Sept 2011. https://realtyevolved.net/residential-commercial-distressed-chicago-real-estate/     Sherwin L. Sucaldito, REALTOR®, GREEN, ABR, CRPM @properties The Institute of Luxury Home Marketing Green REsource Council, GREEN Accredited Buyer’s Representative , ABR Certified Residential […]