Leasing
24 posts
Financial planning is a crucial step, and can make your investment real estate portfolio succeed or fail.
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.
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.
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.
Originally a three bedroom, this sprawling two bedroom two and a half bathroom 1500 sf corner unit is for you! Modern finishes include; Malaysian hardwood, granite counters, marble bathrooms and Californian-style shower, enormous walk-in closet, in-unit laundry and a dining area. Both bedrooms feature their own in suite bathroom. Full amenity building. Balcony and one garage space incl. 2nd Space avail for extra.
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” […]
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 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.
Great discussion on WBEZ talking about security deposits in Chicago, and zombie properties.
Since the real estate downturn, investors have stepped up their purchasing practices. However, there have been limitations for some investors requiring a loan…
With the continued rising costs of rents in many Chicago neighborhood markets and suburban areas many are considering renting their homes in lieu of selling or adding to their real estate investment portfolio.
A Chicago ordinance takes effect Tuesday that will offer additional protections, including funds to offset tenants’ relocation costs, in rental buildings in the city.
With the economy in recovery, many of the storefronts that went vacant are slowly being filled with new tenants, new businesses and helping spur growth. The average vacancy rate at U.S. retail property in the second quarter fell to its lowest level in more than three years to 10.5%, down […]
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 […]
As the summer comes upon as, one of the busiest rental seasons is expected. With the expected high demand of rentals, developers are rushing to meet the demand. Occupancies in Class A apartment buildings in the Chicago downtown area are hovering around 95% (Appraisal Research Counselors), and developers are more […]
The State of Illinois, by way of Public Act 097-0470, just amended the Illinois Landlord and Tenant Act, adding new section 765 ILCS 705/15. Effective January 1, 2012, landlords in counties with a population in excess of 3 million people (ie. Cook County) are required to change or re-key the […]
Landlords, and investment owners should be aware of the changes in the landlord and tenant laws which may affect their rental properties. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
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
New York Gov. David Paterson has signed into law the Bedbug Disclosure Act requiring New York landlords to disclose a one-year history of infestation to potential tenants. Could other cities follow? Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Crain’s this week reported that Class A apartment buildings have increasing rents and is on pace to continued growth as more residents seek rental options. Demand has grown based on economic uncertainty and employment stability. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
Many investors have started considering commercial properties as a way to diversify their portfolio. Originally published at https://realtyevolved.net by Sherwin Sucaldito
I had some questions about rentals, especially with the rental season around the corner. I have added additional information to answer some of the questions I received. Originally published at https://realtyevolved.net by Sherwin Sucaldito.
With the current economic situation, one thing has been very common for many of us… our credit has been destroyed.