Loop North Real Estate News

Market for luxury homes and condos robust in posh neighborhoods

With a strong economy and mortgage interest rates trending downward, sales of luxury home and condominiums in Chicago’s posh lakefront neighborhoods should be robust in 2019.

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Spring home and condo buyers put cozy fireplace high on wish list

After suffering through Chicago’s ‘Polar Vortex’ winter, many spring home buyers are putting a cozy fireplace high on their shopping wish list.

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Win for free speech in condo associations as appellate court reverses case dismissal

A unit owner’s lawsuit against a Gold Coast condominium association he says retaliated against him for expressing opinions about how it was managed will be allowed to move forward.

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47-story tower proposed for Michigan Avenue

A 47-story glass retail, residential, and hotel tower could replace a shuttered building at Michigan Avenue & Wacker Place that once housed a Walgreen’s.

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Mortgage interest rates falling at start of spring housing market

As mortgage interest rates continue to fall, now is the perfect time for prospective home buyers to get off the fence and dive into the spring house-hunting market.

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Are Chicago home buyers starting to believe less house is more?

How much house do you really need? Profit-oriented new home builders, who are always sniffing the winds of change, are targeting smaller, more affordable houses in 2019.

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Residential development planned for former Cabrini-Green site

A new 482-unit mixed-income residential complex, including a 21-story high-rise, will be built on the former site of a high school that once served the public housing complex.

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‘Manhattanization’ of Chicago underway with billion-dollar projects

You do not need to be a rocket scientist or even a real estate developer to see the future of the Windy City. The Manhattanization of Chicago is in full swing with several multi-billion-dollar projects on the drawing board.

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Chicago apartments are going to the dogs if their owners can afford the fees

Chicago animal lovers who are apartment hunting this spring should be aware that pet policies are costly and filled with restrictions, especially in luxury high-rises.

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Proposed rent control act riles Chicago landlords

A battle between tenant advocacy groups and Chicago apartment landlords is heating up in the Illinois Legislature surrounding a new proposed statewide Rent Control Act.

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Escaping Condo Jail