Under the recent changes to the amendment that has gone into effect as of January 1, 2017, a Chicago residential landlord receiving a mitigation notice is required to make specific disclosure requirements before renewing or signing a new lease.
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(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. […]
Information and statistical data about the residential market in the Chicago area for residential type of properties, including single family homes, attached condos and townhomes as well as multi-units. Note, information is for review purposes only. Contact me or your broker for details on how this data applies specifically to […]
The Chicago monthly lender mediated reports is a research tool that helps determine percentage of sales that were lender assisted throughout the 77 neighborhoods of Chicago.
Project ‘nowhere near ready for any hearings,’ Hopkins says By Patrick Butler When Ald. Brian Hopkins [2nd] told a standing-room-only crowd at a July 18 community meeting that “this is only the beginning” and a decision on the Lincoln Yards project “will take as long as it will take,” he […]
Your home has everything to do with what’s inside of it as well as around it. It’s essential to find your neighborhood that matches your own personal lifestyle.
Financial planning is a crucial step, and can make your investment real estate portfolio succeed or fail.
Many prospective home buyers list pet friendly buildings as a search criteria when searching for their next home. But having a pet friendly building may not be enough – vicinity to dog parks is sometimes just as essential and a requirement many homebuyers are looking for.
With many retail stores, malls and shopping centers facing changes in consumer buying habits and the convenience of online shopping, many landlords and owners of commercial retail properties are looking at the best use of vacant spaces.
The State of Illinois has recently stopped distributing the mold disclosure form. The mold disclosure which was recently available for years through Illinois REALTORS® stopped providing these forms, after a legal review.
Omnibus Condominium Bill – House Bill 189 is a major rewrite of parts of the Illinois Condominium Property Act and Common Interest Association Act.
Spring is generally a hot season for home selling and buying. But just as there is more demand, there is also an increase in inventory and competition from others looking to sell their home as well.
The biggest locally owned residential real estate firm in Chicago plans to move this month out of the main office its founding partners opened on Fulton Street more than 16 years ago.
Chicago aldermen are proposing new rules in an effort to curb gentrification and maintain affordable housing in the area for residents nearby the 606 trail.
Nicor Gas residential customers could see their annual bills rise by an average of 8.3 percent, or $4.79 a month, in 2018 under a proposed rate hike the company is seeking to recoup higher costs.
Double Door has been evicted from its longtime location in Wicker Park after an extended legal battle. Double Door failed to make payments on any of their owed appeal bonds, according to a lawyer who represents the club’s landlord.
Home buyers are looking for home offices to serve more than just a space to do work in.
The studios and art spaces and recent tragedy at Ghost Ship, have brought on hard lessons about many issues, and given traction to concerns stemming from, city inspections, zoning, landlord-tenant relationships, affordable housing and even whether zoning, permitting and even gentrification.
What happens when open source, meets sustainability and tackle on housing? Apparently, a small starter house with state-of-the-art eco features for less than $25,000 and built in five days using materials available at your local hardware store or made from the raw resources of your land.
For residential properties, inventory throughout the city is low, with sales and under contract properties on the rise. With all three categories, detached, attached and multi-units seeing a months supply of inventory at about three months, properties are moving off the market quickly as demand in key markets pick up. […]
There is still ongoing confusion as to how Chicagoans recycle, and what items can or can’t be thrown into the blue bins.
A proposed ordinance filed this week by Aldermen Joe Moore, 49th, and Ameya Pawar, 47th, and backed by Mayor Rahm Emanuel, for anyone who rents their living space for up to 90 days a year would have to register with the city. Described as “a free and simple online process” […]
The Illinois Commerce Commission has just approved a $67 million rate decrease, $17 million more than the $50 million decrease ComEd proposed. Because of the Energy Infrastructure Modernization Act (EIMA) or smart grid law, a 2011 statue that guarantees utilities a return each, has allow ComEd to secure more than […]
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 […]
The Home Builders Association of Greater Chicago (HBAGC) presented “Navigating the New ARO” on May 28th to a packed room at the Dream20 Showroom in the Merchandise Mart. The City of Chicago’s Affordable Requirements Ordinance requires residential developments that receive city financial assistance or involve city-owned land to provide a percentage […]
How urban and suburban sprawl changed the demand and markets in the city and suburbs.
Builders, landlords and investors are carefully watching the apartment sector, determining the health, and potential decline of demand and return of investment in the city. With the pace of apartment building and current supply increasing recently there are concerns that there could potentially be an oversupply. After the bust, the […]
Homeownership carries many tax benefits, so be sure you’re taking advantage of these strategies at tax time: Mortgage Interest Deduction Interest you pay on a mortgage of up to $1 million — or $500,000 if you’re married filing separately — is deductible on Schedule A when you use the loan […]
The newest Cost versus Value report has just been released. Leading in the midrange projects in Chicago are steel entry doors, garage door replacements, deck additions and stone veneer accents. Leading upscale projects were wood window replacements, garage door replacements and siding replacement. Unlike what television may have us believe, […]
[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 […]
While solar is comprised of a diverse suite of technologies, there are three main types: photovoltaics (PV), solar heating & cooling (SHC), and concentrating solar power (CSP). Homeowners and businesses interested in going solar are primarily interested in the first two technologies, while utilities and large-scale energy project developers primarily […]
On Tuesday, the Illinois legislature’s Joint Committee on Administrative Rules (JCAR) did not vote on proposed regulations for horizontal hydraulic fracturing or “fracking” in Illinois, making the next opportunity for a vote Nov. 6. The Illinois Department of Natural Resources (IDNR) had collected more than 30,000 comments from the public […]
#200478943-001 / gettyimages.com With many homeowners’ spending power getting squeezed from the economy, or from sapped equity from the market downtown in previous years, many are becoming more creative in finding ways to make their home more affordable and produce cash flow in unique ways. Many of these ideas could […]
Wilmette-based real estate firm Terraco has recently purchased the Megamall site on Milwaukee, north of Fullerton. The building which housed an indoor flea market, is going to be razed with potential plans of retail spaces, anchor stores and potential apartments. This is the same site that the city and local […]
The statistics have been updated for the month of August 2014. Sales of businesses with real estate and commercial properties have slowed, along with attached housing as we go into the fall market. Single family properties as well as multi-units are still in demand and prices are surging significantly for […]
@properties brokers will eventually will have access to PointDrive, a sales-oriented application that allows users to share presentations without email attachments
Green roofs have long been promoted as an easy and effective strategy for beautifying the building and increasing investment opportunity, especially in areas where outdoor space is limited. Condo associations have even started to implement green roofs and planter boxes for residents. There are additional benefits to green roofs as […]
The spring market is in full swing and many residents are moving into new housing. Many are debating whether purchasing is still a great option, or whether renting is better suited for them.
Developer Garrett Kelleher has reached an agreement with his largest creditor, Related Cos., over a financing plan that would allow him to keep control of the Chicago Spire site and potentially search for construction financing
Since the real estate downturn, investors have stepped up their purchasing practices. However, there have been limitations for some investors requiring a loan…