Being a Landlord in downtown Chicago

Even if you’re not in the market for a move and are happy just where you are, Chicago’s current real estate market is enticing more and more to become landlords. Real estate investors. People who buy real estate not to flip but to hold long term for appreciation and having someone else pay your mortgage for you. Have you thought about investing in Chicago real estate and if so, what are some of the considerations? Cash Flow. There’s no reason to buy real estate for the long haul if you’re going to have to spend … [Read more...]

Watch Your Mortgage Expiration Dates

You pay attention to expiration dates, don’t you? When you visit the grocer and buy a carton of milk, you look at the expiration date, right? And when listing your home and you receive an offer, do you also get a buyer’s preapproval letter from a lender? That letter has an expiration date, too. And it’s an important one. Dates matter, and when it comes to mortgage loans, it’s no different. The buyer has to obtain financing before a certain date in order to close on time. The appraisal has to be performed before a … [Read more...]

The Residences at River Bend – 333 N. Canal

The Residences at River Bend in the popular West Loop area of downtown Chicago are some of the most luxurious condos for sale in this neighborhood. 333 N. Canal is located on the Chicago River offering some pretty spectacular views. Every unit in the entire building faces east so each unit, even on the lower floors offer a city and a river view. Just across the River from 333 N. Canal (River North) are many shopping areas as well as restaurants. The building also has a transit score of 100. The el train is just … [Read more...]

Top 5 highest priced Chicago condo sales April 2013

April was an amazing month for luxury condo sales with 26 homes closing above $1 million dollars in the downtown Chicago area neighborhoods.. The top 5 sales in the month of April included 1 new construction condo, at the Ritz Carlton Residences. The price point is also slightly higher with the lowest priced of the top 5 coming in at $2 million dollars. There were actually 2 tied for the $2 million dollar spot, 401 N. Wabash (The Trump), and 340 E. Randolph (Randolph on the Park). If you are looking for a luxury … [Read more...]

Chicago Real Estate – Home Sales Up

More and more people are buying homes in the Chicagoland area, and now is a really good time to buy. And due to steady progress in the housing segment of our seven-county Chicago real estate market, home sales soared last month, DailyMarket.com reports.  To be precise, the number of homes sales have increased 18 percent from March of 2012 to March of 2013, the site pulled from a DailyMarket.com.   DailyMarket.com found that as of April 9, Chicago home sales reported for March totaled 7,793 units, up from … [Read more...]

The Chicago Marathon will go on

Despite the tragic bombings that inflicted the Boston Marathon this year, the Bank of America Chicago Marathon will still go on this fall as planned, NBCChicago.com reports. Directors of the Chicago Marathon say they are ready to address security concerns head on. They offer their full support to the Boston Athletic Association and the City of Boston as they work through the horrible events that took place.  The Chicago Marathon kicks off on Sunday, October 18, and will facilitate more than 37,000 runners and … [Read more...]

Slim pickings at The Trump Tower Chicago condos

If you have your heart set on brand new construction, the choices are slim everywhere in the Chicago, but in the downtown Chicago real estate market the Trump Tower is your only choice and they are selling very fast. The choices for a new condo from the developer are becoming a thing of the past with only about 11 brand new units left. There are a total of 36 units for sale in the building, 25 are re-sales. The amenities at the Trump Tower are second to none with amazing work out facilities, luxurious spa, indoor … [Read more...]

Avoiding Surprises in the Home Loan Process

Surprises come in two flavors; good ones and bad ones. A good surprise is an impromptu birthday party or you find a brand new car in your garage. Bad surprises are things such as an IRS audit or a pop quiz you weren’t expecting. When thinking about qualifying for a home loan, you want to avoid the bad surprises, and with a little preparation you can. How? I work with some of the best loan officers in the Chicago area and each one of them can tell me how a loan that appeared just fine at the beginning ultimately … [Read more...]

What does $1,000,000 buy in the West Loop?

In the downtown Chicago real estate market the West Loop offers many home choices but they have a very large selection of concrete and timber lofts. Old manufacturing plants and business that have been redeveloped into some of the most unique living spaces in the city. Many people are drawn to the West Loop because of its proximity to the downtown area including the financial district, but also it can be the loft spaces this neighborhood offers. There are also many public transportation options, including the blue … [Read more...]

Ebertfest: The Show Will Go On

This will be the first year without founder and Pulitzer Prize-winning film critic Roger Ebert, and an emotional time for many involved in the festival. Some sources say that this year’s Ebertfest will be a tribute to the late, great film critic. Originally, the fest was comically named Roger Ebert’s Overlooked Film Festival. It’s organized by the University of Illinois at Champaign-Urbana, and the films have always been selected by Ebert himself, who was a U of I alumnus. By moving the festival there, Ebert … [Read more...]