ChicagoismynewBlog

Posts Tagged ‘Real Estate’

NEW LISTING ALERT! 2Bed/2Bath duplex penthouse at 6 S. Laflin. Amazing views!

Posted by ChicagoismynewBlog! on February 15, 2010

Check out our new two bed, two bath @properties listing, located at 6 S. Laflin Street in Chicago’s West Loop neighborhood.  Now, as soon as I set foot into this home my eyes immediately went to the huge windows to look at the AMAZING, unobstructed views of downtown Chicago.  I swear the rest of the home is great too but I’m always a sucker for a city view.  6 S. Laflin has a great sized kitchen with plenty of storage, a spacious living area, and a great sized bedroom on the first floor.  Walk up one flight of stairs where the master bedroom suite is and you’ll find a HUGE walk in closet and an outdoor terrace that begs for a major party in the summer.

This part of the West Loop has seen a major expansion lately and will only continue with development.  You’re about a block away from Skinner Park and Union Park, and close to some restaurants and stores.

Laflin is listed by @properties agents Karen Fata and Jordan Shackelford at a price of $339,000.  This place is seriously priced to sell quickly.  If you have any questions…or want to buy the place, send an email to jeffstewart@atproperties.com.

Check out a few pictures of the home below or check out the full virtual tour HERE!

Posted in @properties, Real Estate, Sales, West Loop | Tagged: , , , , , , | Leave a Comment »

This weekend’s open houses! Stop by if you’re interested.

Posted by ChicagoismynewBlog! on February 13, 2010

If you’re in the market to buy a home, take a look at these open houses, from @properties agents Karen Fata and Jordan Shackelford, that are planned for this weekend.  Even if you’re just the type of person who loves going to open houses, you’re more than welcome to stop by.  The more people the better!  Under each description is the link to each home’s virtual tour so take a look.

Saturday, February 13th

- 12 – 2PM4152 N. Lincoln, Unit 8W - 2Bed/2.5Bath townhome.  Really big master suite and the entire home feels like a single family. Includes a garage space as well. 
Priced at $449,900.
 
- 130 – 330PM1227 N. Paulina, Unit 1N – 4Bed/3Bath duplex in Wicker Park.  Built on an extra wide lot, this home has a great amount of space, tons of storage, two outdoor areas, two living rooms, just a great home overall.  An indoor garage spot is included. 
Priced at $649,000.
 
 

Sunday, February 14th

11 – 1PM4746 N. Kenmore, Unit 2S - 3Bed/2Bath JUST hit the market 3 days ago.  Tons of sunlight, huge master bedroom, includes an indoor garage spot, tons of storage and closet space.  A lot of recent updates done to the home so it’s in great shape.  Close to the red line and has great outdoor space. 
Priced at $340,000
 
- 11 – 1PM:   1227 N. Paulina, Unit 1N - 4Bed/3Bath duplex in Wicker Park.  Built on an extra wide lot, this home has a great amount of space, tons of storage, two outdoor areas, two living rooms, just a great home overall.  An indoor garage spot is included. 
Priced at $649,000.
- 12 – 2PM6 S. Laflin, Unit 911 - 2Bed/2Bath duplex PENTHOUSE in the West Loop!  This place has an amazing view from two levels, one outdoor balcony, and a massive terrace with panoramic views looking directly to downtown.  Great storage space, big kitchen, and tons of windows.  Priced well below other comparable homes.  Priced at $339,000.
 
- 1 – 3PM4849 N. Ravenswood, Unit 3S:  2Bed/1Bath top floor condo with tons of natural light, 12 foot ceilings, in unit laundry, and a large back deck.  Also has a large eat in kitchen with tons of storage space. 
Priced at $235,000

Posted in @properties, Real Estate, Sales | Tagged: , , , , , | Leave a Comment »

Price reductions lead to sales at Belgravia Group’s Union Row Townhomes.

Posted by ChicagoismynewBlog! on February 12, 2010

After hanging on for as long as possible, Belgravia Group has decided to lower their prices at their remaining townhome development, Union Row Townhomes.  Located just South of UIC in the University Disctrict/Pilsen neighborhoods, Union Row was in need of a nice boost and with some price reductions, it’s definitely the shot in the arm the development needed.  In just a couple weeks, Union Row is down to its last 10 townhomes and there’s no sign of it slowing down.

Union Row’s sales center, located at 622 W. 16th Street, is open every day of the week from 10AM – 6PM.  If you have any questions, give them a call at 312-829-4600.  They’re great over there!

Posted in Belgravia Group, Pilsen, Real Estate, Sales, Union Row Townhomes | Tagged: , , , , , , , , | Leave a Comment »

Saturday Open House 1-3PM! 3Bed/3Bath Duplex in Lakeview!

Posted by ChicagoismynewBlog! on February 6, 2010

Today, we’re hosting an open house at one of our listings, a 3Bed/3Bath duplex-down located at 1950 W. Diversey Parkway from 1-3PM.  This home has SO much space in it, around 2,800 square feet so it’s definitely not lacking in size.  The building’s also built on an extra-wide lot so the every part of this home, including the hallways have extra space.  Being a duplex down, this home has two living areas, two fireplaces, two bedrooms on the first floor, and one huge bedroom (13x15feet) down on the lower level.

This home, listed with @properties, is seriously listed at a great price, $374,000 and can also be rented out for $2,600 per month.  1950 Diversey is located close to a few parks, TONS of retail like grocery stores, retail, restaurants, everything.  Plus, this part of Lakeview still has a lot of growing and redevelopment coming its way in the future!

Check out a few pictures below, and the take a look at the virtual tour by clicking HERE!  Also, if you have any constructive opinions on what you see, go ahead and leave a comment!  And if you have any questions about the home, just send me an email:  jeffstewart@atproperties.com.

Posted in @properties, Lakeview, Open House!, Real Estate, Sales | Tagged: , , , , , , , , | 2 Comments »

RD+659. Slow sales change to success. Only 1 home left for sale in this West Loop building!

Posted by ChicagoismynewBlog! on February 5, 2010

Some of you may know of RD+659, a highrise condo building located at 659 W. Randolph Street in Chicago’s West Loop neighborhood.  About a year ago, rumors were swirling about RD+659′s condos turning into rental apartments, or that the condos would see price cuts.  Well, they’re still condos but the developers brought in @properties to help sell out the building and boy, did it work.  Because of smart price reductions, sales have skyrocketed and now, only 1…yes 1 condo remains!

RD+659′s only remaining home is a 2Bed/2Bath condo with unobstructed Southern exposure, $15,000 worth of upgrades and an extra wide parking spot, all for $371,000. 

RD+659′s building amenities include an outdoor swimming pool, roof deck, fitness center, bike room, heated parking, dry cleaners, and a 24 hour doorperson.  The assessments are $460/month and it includes EVERYTHING you would need…all in one payment.  Your water, electricity, gas, cable, internet, air conditioning, and all of the building amenities.  Just think of how much all of these would cost you if you paid each seperately. 

Check out the RD+659 website and if you have any questions about the remaining home, just ask me!  Photos courtesy of the RD’s website also.

Posted in @properties, Buildings, Real Estate, Sales, West Loop | Tagged: , , , , , | Leave a Comment »

NEW LISTING ALERT! 4849 N. Ravenswood 2Bed/1Bath in Chicago’s Ravenswood neighborhood.

Posted by ChicagoismynewBlog! on February 4, 2010

We’ve got a new listing that hit the market less than a week ago in Uptown.  Located at 4849 N. Ravenswood Avenue in Chicago’s Ravenswood neighborhood, this top floor condo is in a vintage rehab and is in great condition.  The condo has two bedrooms and one bathroom with 12 foot ceilings and refinished, original hardwood floors.  The home also has a big kitchen with plenty of storage, in-unit laundry, a big back deck, extra storage in the building, and tons of natural light.

This home is being listed by @properties agents Karen Fata and Jordan Shackelford.  For any questions, send me an email at jeffstewart@atproperties.com.

Check out a few of the photos below and check out the full virtual tour by clicking HERE!

Posted in @properties, Ravenswood, Real Estate, Sales | Tagged: , , , , , | Leave a Comment »

New year, new outlook on real estate?

Posted by ChicagoismynewBlog! on January 25, 2010

Things are getting BUSY for me and for pretty much all other agents I’ve talked to lately.  Buyers are coming out in droves to get started with their home searches, a lot are determined to buy before the April 30th deadline for the First Time Homebuyers Tax Credit, and sellers are taking advantage of it by getting their homes listed!  Let me know if you need any help with your dive into the real estate market and send me a quick email.  jeffstewart@atproperties.com.  Check out my @properties agent website by clicking HERE!

Posted in @properties, Polls, Real Estate | Tagged: , , | Leave a Comment »

New mortgage rules curb closing-cost surprises. Now we’re getting somewhere!

Posted by ChicagoismynewBlog! on January 20, 2010

New mortgage rules curb closing-cost surprises.

By Sandra Block, USA TODAY

Buying a home should be a joyful experience, but all too often, the mortgage settlement process leaves consumers confused, angry and paying more than they anticipated.The reason? Closing costs and fees that are significantly higher than the lender’s original estimates. Borrowers find themselves faced with two unappealing choices: Pony up or walk away and start searching for another house

Now, after years of wrestling with different factions of the mortgage industry, the Department of Housing and Urban Development has adopted rules designed to prevent last-minute closing surprises. The rules, which took effect Jan. 1, will reduce closing shocks and save home buyers money, says Timothy Dwyer, CEO of Entitle Direct Group, a title insurance company. In addition, he says, “You’ll be better informed and educated.”

The biggest change involves the good faith estimate, the form lenders give consumers when they apply for a mortgage. The good faith estimate isn’t new, but in the past, the document wasn’t particularly helpful to consumers, says Sylvia Alayon, vice president of operations at the Consumer Mortgage Audit Center. What has changed:

Consistency.

Lenders are now required to use a uniform three-page document when they give prospective borrowers a good faith estimate, says Vicki Bott, deputy assistant secretary for single-family housing at HUD.

Lenders also are required to provide the document within 72 hours after prospective borrowers apply for a loan.

This will allow consumers to figure out a loan’s total cost, including fees, and compare loan offers on an apples-to-apples basis, Bott says. “We encourage consumers to shop for the best rates and fees, and not just the best rate,” she says.

Transparency.

Many borrowers who bought homes during the housing boom later discovered that their loans contained hidden bombs that made their mortgages unaffordable. The new good faith estimate requires lenders to disclose features that could drive up costs. For example, the document requires lenders to disclose whether your interest rate will rise — as would be the case with an adjustable-rate mortgage — and if so, by how much. Lenders will also be asked whether the loan includes balloon payments or imposes penalties for paying the loan off early.

“All of these are really important questions,” says Helene Raynaud, vice president of housing for the National Foundation for Credit Counseling. “It will be able to raise red flags for consumers….”

 To read the full USA Today article, click HERE!

Posted in Lending, News Articles, Real Estate | Tagged: , , , , , , | Leave a Comment »

Drastic price reductions at Belgravia Group’s 565 Quincy condos and lofts!

Posted by ChicagoismynewBlog! on January 16, 2010

Belgravia Group held out for as long as they could but their amazing condo/loft high rise, 565 Quincy, is now having to reduce prices by 15-30%!  With around 50% of the homes sold, this is what 565 Quincy needs for a big boost in sales.  Teaming up with Belgravia Group’s sales team is @properties who is also helping with sales.  I can’t wait to bring future clients there because 565 Quincy is an awesome building.

565 Quincy, located at 565 W. Quincy Street in Chicago’s West Loop neighborhood, is split almost in half with the lower half converted from an old seven story office building into lofts.  The top 11 floors are newly constructed condos with some amazing views.  Some amenities include work out facilities, a movie screening room, pool tables, foosball, putting green, and even a two lane bowling alley.  The eighth floor also includes an awesome roof deck!

Check out the quick article on the price drops on the Chicago Sun Times website by clicking HERE!

For any questions,  contact the 565 Quincy Sales Center by calling 312-207-0007 or stop in for a visit every day of the week between 10-6PM.

Posted in @properties, Belgravia Group, Buildings, Real Estate, West Loop | Tagged: , , , , , , , , | Leave a Comment »

Union funds meant to finance The Chicago Spire construction now kaput.

Posted by ChicagoismynewBlog! on December 29, 2009

From this week’s In Other News

Chicago Spire twists in wind as union funds pass on bailout loan

By: Eddie Baeb December 21, 2009

Officials at four big investment funds affiliated with labor unions say they’re not interested in rescuing the stalled Chicago Spire project.

Recent reports that Spire developer Garrett Kelleher and union officials are discussing a possible loan rekindled hope that work would resume on the twisting tower, which at 150 stories would be North America’s tallest building.

But two union funds identified by a local labor leader and a Spire spokeswoman as having expressed interest, the AFL-CIO Building Investment Trust and the union-backed life insurer ULLICO Inc., are taking a pass, according to top executives there. Representatives of two others, the AFL-CIO Housing Investment Trust and the Multi-Employer Property Trust, say the Spire isn’t a suitable investment for them.

“It’s not something we’re able to do,” says Edward Smith, president of ULLICO. “Unfortunately, these are just very difficult markets.”

Another union fund or group of funds still could step forward with a loan for the project. Mr. Kelleher also could secure funding from other sources. But the lack of interest from the four big funds narrows the Irish developer’s options as he seeks a financial lifeline for the Spire.

They’re among the largest funds of their kind, controlling about $13 billion in union pension funds and other assets. They also have a history of commercial real estate investing here and around the country, and an interest in backing projects that create jobs for union workers.

Worries about the prospects of the Spire in a moribund real estate market appear to have trumped their desire to help put union members back to work. The funds are no more eager than other real estate investors to risk money on a highly speculative project in the worst downturn in recent memory.

Mr. Kelleher seeks about $170 million in short-term financing to pay off existing debt and move the project forward. It would be a particularly risky loan because the most likely source of funds for repayment would be a construction loan for the $1-billion-plus project. Construction lenders typically advance funds only after a developer sells 50% of the units in a condominium project. After two years of worldwide marketing efforts, Mr. Kelleher has sold about 30% of the Spire’s 1,194 units.

In essence, Mr. Kelleher is asking the union funds to bet on his ability to sell condos in a stagnant downtown housing market, where mortgage and construction financing is hard to come by.

Michael Arnold, head of investor relations for the AFL-CIO Building Investment Trust, says his fund can’t take that risk. “We would obviously like to be helpful,” he says. “We understand the interest, but we’re not any different than other real estate lenders today.”

Thomas Villanova, president of the Chicago & Cook County Building & Construction Trades Council, hopes union fund managers will consider not only financial risk but also the job-creating benefits of the project.

“This just can’t be looked at in a straight investment-type view. You’ve got to add into the equation this would be 7.5 million man-hours for my members,” Mr. Villanova says. “I don’t think we’ve ever seen times as bad as they are now.”

Mr. Villanova organized a meeting in the spring between Mr. Kelleher’s company, Shelbourne Development Group Inc., and representatives of the 24 local unions that comprise his group. He says some local union officials met with Shelbourne again, but he can’t recall which ones.

More recently, Mr. Villanova arranged a meeting on Nov. 30 between Shelbourne and Mark Ayers, a Washington, D.C.-based union leader who’s a board member with ULLICO and the AFL-CIO Housing Investment Trust. Mr. Ayers didn’t return calls….

Check out the full Crain’s Chicago Business article by clicking HERE!

Photo courtesy of Crain’s Chicago Business

Posted in Buildings, Chicago Spire, Construction, News Articles, Streeterville | Tagged: , , , , , , , | 1 Comment »

 
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