Special offer

Chicago, IL Real Estate News

By Bill Bein
(Chicagoland2to4Flats.info)
Here is some of how we think an EFFECTIVE property search works.  Further thoughts will follow in other postings. 2d.  If you see a rent amount listed but NO security deposit or lease term, then the rent may just be an estimate (often overestimated). For Section 8, we typically see 800-850 for a 5-2-1, 950-1000 for a 6-3-1, and around 1250 for a 8-4-2. Visit our website to read more about Chicago multi-family homes: multi-units with two or more flats.
Comments 0
By Bill Bein
(Chicagoland2to4Flats.info)
Here is some of how we think an EFFECTIVE property search works.  Further thoughts will follow in other postings. 2c.  Be sure to watch for illegal units (e.g., 3 units described on a 2-flat listing sheet); you may still want to buy the property but we will never recommend renting anything illegal. (We think it often makes sense to duplex.) Visit our website to read more about Chicago multi-family homes: multi-units with two or more flats.
Comments 2
CONSUMER ALERT: Chicago, IL - If you have had a loan with Countrywide Financial Corp., the Illinois Attorney General's office is asking that you review your loan. This past week, Lisa Madigan, the Illinois Attorney General, filed a lawsuit in Cook County Circuit Court against Countrywide Financial Corp., claiming "the company used deceptive practices to lure borrowers into unaffordable loans." The Complaint states that "in Cook County alone, 2,534 home loans originated by Countrywide have been foreclosed on from January 2004 to his month." While the Attorney General's office said "consumers with a 30 year fixed mortgage should not be alarmed, but carefully reviewing of all documents of the loan is recommended.", I ask that you review your original interest rate to see if it was increase...
Comments 0
By Ryan Gable
(StartingPoint Realty Inc.)
Some of the subjects covered: Roles of the Lender/Mortgage Broker Credit Pre-Approval Roles of the Real Estate Agent Searching for Properties Contracts Negotiation Closing Class Location: SuburbsPequod's Pizza, 2207 N. Clybourn Ave., Chicago, IL Thursday, August 14th at 6:30 p.m. To RSVP, please call or e-mail Ryan Gable at:RyanGable@startingpointrealty.com(847) 348-1154
Comments 0
By Ryan Gable
(StartingPoint Realty Inc.)
Some of the subjects covered: Roles of the Lender/Mortgage Broker Credit Pre-Approval Roles of the Real Estate Agent Searching for Properties Contracts Negotiation Closing Class Location: SuburbsPequod's Pizza, 2207 N. Clybourn Ave., Chicago, IL Thursday, July 31st at 6:30 p.m. To RSVP, please call or e-mail Ryan Gable at:RyanGable@startingpointrealty.com(847) 348-1154
Comments 0
By Bill Bein
(Chicagoland2to4Flats.info)
Here is some of how we think an EFFECTIVE property search works.  Further thoughts will follow in other postings.  2b.  ‘Mechanicals' (roof, heating, etc/) are the ‘bones' of the building. Unless a listing says ‘rehabbed' or specifies what is new/newer, you should assume OLD mechanicals (it won't say "old roof," but if it says nothing, the roof is probably very old). Visit our website to read more about Chicago multi-family homes: multi-units with two or more flats.
Comments 4
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
34th Annual Arts and Crafts Festival July 12th and 13th Dusable Museum Over 100 Artists, Artisans, and Vendors www.dusablemuseum.org   Email me to set up your very own Home Club •·         Customize searches for residential properties to know when new properties that fit your search criteria come on the market or when prices change •·         Share properties with your family and friends •·         Our search capability includes MLS listings throughout the Chicago area so you have access to thousands of properties •·         New listings appear in our search engine within 24 hours of being entered into the MLS system     Marki D. Lemons National Trainer, Certified Residential Broker CRB, CRS, CRMS, SRES, ABRM, ABR, MBA Rubloff 888-205-4615 foreclosurequeen@markilemons.com www.markilemon...
Comments 1
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
Bronzeville Community Market EVERY SUNDAY JUNE 15TH THROUGH OCTOBER 26TH 4400-4500 S. Cottage Grove Avenue 10am-3pm Featuring Fresh Produce Prepared Foods Health and Wellness And much more....... Email me to set up your very own Home Club for the Bronzeville Area. •·         Customize searches for residential properties to know when new properties that fit your search criteria come on the market or when prices change •·         Share properties with your family and friends •·         Our search capability includes MLS listings throughout the Chicago area so you have access to thousands of properties •·         New listings appear in our search engine within 24 hours of being entered into the MLS system     Marki D. Lemons National Trainer, Certified Residential Broker CRB, CRS, CRMS, SR...
Comments 0
By Bill Bein
(Chicagoland2to4Flats.info)
Here is some of how we think an EFFECTIVE property search works.  Further thoughts will follow in other postings. We will help you learn to intelligently read listing sheets. Here are some clues: 2a.  What's the difference between ‘new', ‘newer', and ‘updated'? ‘Newer' and ‘updated' are NOT new! A newer kitchen may be 7-10 years old! Rehabbed' or ‘Gut rehab' may be misused, but should mean all is new. Visit our website to read more about Chicago multi-family homes: multi-units with two or more flats.
Comments 0
By Bill Bein
(Chicagoland2to4Flats.info)
Here is some of how we think an EFFECTIVE property search works.  Further thoughts will follow in other postings. 1.  First, analyze and compare all neighborhoods of interest. Under Sales/Demographics at our website, we provide 10 years of price appreciation data and detailed maps of each of the 77 areas you can print. The "60% more detail" tab will let you register for our exclusive private client reports. And the Chicagoland2to4Flats.info ‘Magic Map' property search will let you quickly overview many areas-to SEE what different areas offer. When all is said and done and you know several neighborhoods to investigate, ask us to set up for you a ‘closed-sale driving tour' so you see exactly what investors are paying. Visit our website to read more about Chicago multi-family homes: multi-...
Comments 0
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
Kenwood, located on the South Side of Chicago, Illinois, is one of the 77 well-defined Chicago community areas. Kenwood contains some of the largest homes in the city. According to the City of Chicago historical signs found on streetlights throughout the neighborhood, Kenwood was once one of the most elite neighborhoods in all of Chicago. Famous murderers Leopold and Loeb lived in Kenwood, as did their victim Bobby Franks. It includes two Chicago Landmark districts (Kenwood District and North Kenwood District). The official community areas were defined in the early 20th century and the current meaning of the Hyde Park neighborhood includes the area between 47th Street and 51st Street ("E. Hyde Park Blvd.") as a part of Hyde Park,[1] although this area is officially the south half of the...
Comments 0
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
  Douglas, located on the South Side of Chicago, Illinois is one of 77 well-defined Chicago community areas. The neighborhood is named for Stephen A. Douglas a famous Illinois politician whose estate included a tract of land given to the federal government. The Douglas tract later became the infamous Civil War Union prison camp, Camp Douglas, located in what is now the eastern portion of the Douglas neighborhood. As part of the Chicago 2016 Olympic bid, the Olympic Village is planned to be located on a 37 acre truck parking lot south of McCormick Place that is mostly in the Douglas community area and partly in the Near South Side.[1] The community area contains part of the famous neighborhood of Bronzeville, a very famous center of African-American culture in the city.   Active Listing...
Comments 0
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
  The Near South Side is a community area of Chicago in Cook County, Illinois, United States. It is located just south of the downtown central business district, the Loop, which is itself a community area. The Near South Side's boundaries (see map) are as follows: North-Roosevelt Road (1200 S); South-26th Street; West-Chicago River between Roosevelt and 18th Street, Clark Street between 18th Street and 22nd Street, Federal between 22nd and the Stevenson Expressway just south of 25th Street, and Clark Street again between the Stevenson and 26th Street; and East-Lake Michigan. The portion of the Near South Side located east of Lake Shore Drive contains some of the most well-known structures in Chicago: Soldier Field (the home of the National Football League Chicago Bears), the eastern hal...
Comments 0
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
Hyde Park, located on the South Side of Chicago, in Cook County, Illinois, United States and seven miles (11 km) south of the Chicago Loop, is a Chicago neighborhood and one of 77 Chicago community areas. It is home to the University of Chicago, the Hyde Park Art Center, the Museum of Science and Industry, the Oriental Institute and The Renaissance Society. It is formerly the name of a Township that included numerous other neighborhoods that have all been annexed by the city of Chicago. Hyde Park was founded by Paul Cornell in the 1850s near the Illinois Central Railroad south of Chicago. In 1861, the Hyde Park Township was incorporated, extending from 39th to 63rd Streets. The southern border was later extended as far as South 138th Street and as far west as State Street. The township ...
Comments 0
By Marki Lemons, ABR, ADPR, CNE, CRB, CRS, SFR
(Keller Williams )
Woodlawn, located in the South Side of Chicago, Illinois, USA, is one of 77 well defined Chicago community areas. It is bounded by Lake Michigan to the east, 60th Street (beyond which are the University of Chicago and Hyde Park) to the north, Martin Luther King Drive to the west, and, mostly, 67th Street to the south. Both Hyde Park Career Academy and the all-boys Catholic Mount Carmel High School reside in this neighborhood, and much of its eastern portion is occupied by Jackson Park. Under Contract List Price Range # Listings Avg. Days on Mkt Less than $149,999 14 207   $150,000 - $199,999 9 209   $200,000 - $249,999 10 65   $250,000 - $299,999 7 85   $300,000 - $349,999 2 58   $350,000 - $399,999 3 165      Under Contract Summary # Units Avg. MT Median List Price Avg. List Price Max....
Comments 0
By Bill Bein
(Chicagoland2to4Flats.info)
In this market where listings range so much by type and condition, it is so easy to end up on a wild-goose chase. What must occur instead is to learn to separate wheat from the chaff and hone in on what you want. In coming posts, we will show your how we think an EFFECTIVE property search works: Visit our website to read more about Chicago multi-family homes: multi-units with two or more flats.
Comments 2
By Thomas McCarey
(@properties)
My two-year-old Jackson was waxing philosophical this morning. The side lot was strewn with twigs and branches that rained down during what I assume was a heavy downpour last night. Peering out from the back porch over his bowl of fruit and cereal Jackson said, "Market time is like grass in the rain." Actually his words were a bit more muffled coming as they were from a mouth full of food and said by a toddler. After a second of lexicon recognition I nodded my head and recognized the wisdom of what he was saying. Grass in the rain (like we have had this year in Chicago) tends to grow long. Meanwhile listings in the current Chicago real estate market themselves grow long in terms of length of time on the market. From the mouths of babes and all of that I turned to my first-born son and w...
Comments 1
By Bill Bein
(Chicagoland2to4Flats.info)
5. Recommended Lenders / Loan Officers The lending partner of Chicagoland2to4Flats.info is Guaranteed Rate, located at 3940 N Ravenswood, Chicago, IL 60613 (our contact is Brian Weis - phone: 773-290-0591; fax: 773-516-5732). Guaranteed Rate is the Midwest's largest independent residential mortgage lender. We love their expertise in the 2- to 4-flat market, the wide range of products they offer, their ability to help you intelligently pick the right loan, and the fact that they have both an In-house Underwriting staff for quick turnaround times and onsite Closing and Funding Departments for easier closing. Besides a good lender, you'll need a good inspector and a good attorney (I can help you with recommendations there as well). Even more, you'll need a good Realtor®. There, of course, ...
Comments 0
Jason Engle | @ Properties | 312.953.9657 5123 N. Kenmore # 202, Chicago, IL 2BR/2BA Condo offered at $269,900 Year Built 2008 Sq Footage Unspecified Bedrooms 2 Bathrooms 2 full, 0 partial Floors 1 Parking Unspecified Lot Size Unspecified HOA/Maint $150 per month DESCRIPTION Andersonville New Construction 2 Bed Condos! Model Now Open!3% SELLER CREDIT FOR A SHORT TIME. INTRODUCING KENMORE ON THE LAKE-15 TERRIFIC NEW UNITS IN, HISTORIC UPTOWN! 100% NEW CONSTRUCTION INTERIORS BY FUTURE, BUILDERS & DEVELOPERS. BRAZILIAN CHERRY FLOORS, SS APPLS, 42, CUSTOM CABS, UNDERMOUNT SINK, EUROPEAN BATHS W/ CUSTOM, LIMESTONE DESIGNS AND JETTED TUBS. STORAGE & A BALCONY FOR, EVERY UNIT, STILL TIME TO CUSTOMIZE! 2/1'S FROM 229K 2/2'S, FROM 269K. CALL TODAY TO BE THE FIRST. see additional photos below PR...
Comments 0
Jason Engle | @ Properties | 312.953.9657 3536 N. Lincoln # 3, Chicago, IL 3BR/2BA Condo offered at $484,900 Year Built 2008 Sq Footage Unspecified Bedrooms 3 Bathrooms 2 full, 0 partial Floors 1 Parking 1 Car garage Lot Size Unspecified HOA/Maint $150 per month DESCRIPTION Roscoe Village New Construction With Customizable Opportunities: All Brick Masonry, Chef’s Kitchen With SS Amana Appliances, Designer Cabinetry Choices, Mosaic Backsplash and 1 1/4” Stone Counters. Wide Planked Oak Flooring, Sound Wiring, Crown Molding, Chair Rail, 2 Brick Terraces. Natural Stone Baths With Home Spa Body Sprays, Frameless Glass Undermount Sinks & More. Choose Your Paint, Stone, and Cabinetry Throughout. Parking Included. see additional photos below PROPERTY FEATURES Central A/C Central heat Fireplac...
Comments 0
Explore Chicago, IL