Loop North News
Wealthy real estate investors may feel Biden’s tax bite

The White House is developing a proposal to raise the capital gains tax on real estate to 39.6 percent from 20.0 percent for individuals making more than $1 million a year. President Biden also wants to end the 1031 exchange.

The Home Front

Eight arrested after teens overrun Loop, River North

Two adults and at least six juveniles were arrested over the weekend as police wrangled large groups of teens in the Loop and River North.

Crime & Safety

Inventory shortage sets North Side housing market on fire

Chicago’s North Side resale housing market is on fire this spring because of a shortage of single-family home inventory and near-record low mortgage rates.

The Home Front

City files public nuisance complaint against River North hotel

Eurostars Magnificent Mile is a ‘hotspot’ of crime and disturbances, says Alderman Brendan Reilly, such as guests throwing bottles from balconies, lighting fires on balconies, and large gatherings without COVID-19 safety protocols.

Hotels & Restaurants

Chicago home buyers can still lock in low mortgage rate

Chicago home buyers and homeowners seeking to refinance this spring still may have a chance to lock in a near rock-bottom interest rate and save money.

The Home Front