Rarely available two flat multi-unit in prime Lincoln Square! Sitting on a lot and a half, with a full basement, custom built patio, flower beds, two car garage, additional parking space, five total bedrooms, two bathrooms, dark room and large workshop. Great as an investment property or live-in owner situation. […]
Search Results for : multi unit
Priced to sell! Two flat greystone ready for complete rehab into condos or single family. Rent for cash flow or flip. 2,362 building square footage
City has big Plans to Straighten out North Lake Shore Drive By Jim Vail Last month Chicago Alderman Brian Hopkins – whose 2nd Ward runs along parts of LSD – met with delegates of the Lakeshore Improvement Committee for a detailed discussion and progress update on the Lakeshore Improvement Plan. […]
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.
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.
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.
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. […]
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 […]
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 […]
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 […]
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 […]
Views, windows and outdoor spaces are some of the most in-vogue amenities in luxury homes as listed by Trulia.
With the elections behind us and the winter season approaching, many are watching the housing market for changes in activity. But much of the recent data seems to support much of what has been talked about on a national level. For Chicago, inventory has decreased throughout single family, attached condos […]
Foreign investors are on track to continue purchases, taking the place of other traditional buyers missing from the market, such as investors, developers and first time home buyers. This past year has seen a sharp increase in foreign real estate purchases. International buyers accounted for $82.5 billion, or 8.9%, of […]
Rates are low. So are home prices. So what’s preventing many from buying? For some, buying has become an obstacle as they are finding that financing their real estate purchase has become difficult. With a strong credit background, considerable down payments and reserves, many potential home buyers are finding that […]
As we enter a new year, I am finding myself guiding clients in this market, formulating strategies and guiding expectations. It’s no surprise that the real estate market has been difficult for the past few years and many economists are expecting more of the same for this year. But even […]
Chicago area real estate statistics for residential and commercial properties have been updated – Chicago real estate statistics. Overall, inventory is down across all real estate classes and contracts written and real estate sold are up from one year ago. Only businesses and multi-units have seen fewer properties sold than […]
With many distressed properties on the market, many investors are looking at purchasing aggressively priced multi-units to convert into investments properties. In many areas, rental rates have either stabilized or increased in value due to demand. Additionally, some properties are in need of repairs to make them habitable. How can […]
It could be coincidence; it could be the sum of several factors. Maybe it is just my imagination… I was at the office tracking weekly market trends and activity on listings. It started with Memorial Day, and considering the gloomy news, warm weather it’d be hard not to find people […]
Thank you for being a subscriber to my blog, here at RealtyEvolved and for your interest in the Peterson Garden Project. As a thank you, a pair of open bar tickets are being given away randomly to registered users of the site. To enter the drawing, just comment to this […]
With homeowners staying longer in their home, and expected buyers planning for longevity, many are coming back to basics – location. Among them, accessibility to transportation, neighborhood walkability and area schools are among the most important. For families, schools are extremely vital factor as they can influence choice of residence/neighborhood […]
Taking Inventory: Supply Picture Slowly Improving One closely watched gauge of the local real estate market is Months Supply of Inventory (MSI). MSI forecasts how long it would take to sell off the remaining supply of active listings given the current pace of sales. As a general rule of thumb, […]
The harsh reality of the market today can become a catalyst to drive innovation. Developers, builders and manufacturers alike are looking for ways to not only sustain business, but growth. Though there is much speculation on how to achieve such sustainable business, many have contemplated going the way of cost-effective […]
WSJ just published an article stating that the housing crash may have been more severe than what initial estimate show. The National Association of Realtors as well as CoreLogic (real-estate analytics firm) both have varying results from 2010. There are several reasons for the discrepancies. The 2010 Census didn’t include […]
If it’s been a year or more since you’ve checked your credit report, you’re entitled to get a free credit report from each of the three credit reporting agencies: Equifax, Experian, and TransUnion. Checking your credit report helps to identify and address potential problems. By checking your credit report, you […]
The third worst snowstorm in Chicago’s history has reinforced the importance of heating / heat-loss, building envelope and preventative measures.
Monthly statistics for Chicago area residential and commercial sales.
Considering purchasing a short sale or foreclosed home in need of repairs? What options are available to buyers in today’s market? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Even amidst the current debacle of robo-signers and foreclosures, many are still favoring short sales, even though they may be guilty of the same processes. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Chicago area real estate trends and statistics. Includes residential and commercial classes. Additional distressed & traditional versus total statistics on weekly basis. Posted at https://realtyevolved.net
Chicago area real estate trends and statistics. Includes residential and commercial classes. Additional distressed & traditional versus total statistics on weekly basis. Posted at https://realtyevolved.net
The median monthly housing costs for mortgaged owners was $1,505 and renters $842. What makes more sense for you? Originally published at https://realtyevolved.net
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 […]
With many facing economic constraints, many owners are pondering how to keep energy costs low and affordable before putting on multiple layers and a coat indoors. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Everyday consumers could still be affected by zoning depending on what their planned use will be; this could impact buyers of single family homes, vacant lots and multi-units especially. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Based on the MRED Multiple Listing Service data for the city of Chicago for last 365 days for detached, attached, multi-units and vacant lots sold, @properties has continued to lead the market.
Doing some homework can prevent obstacles that can stall contracts, miss opportunities or prevent the buyer’s credit. Originally published at https://realtyevolved.net by Sherwin Sucaldito
A short sale scenario occurs prior to a property going into foreclosure, and is sometimes a more viable option as it may be more economically beneficial to sell the property for a minor loss rather than going into the foreclosure process. A short sale can occur even if Notice of Default has not been recorded. Originally published at https://realtyevolved.net.