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Real Estate Articles in the Chicago Category

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Best Chicago Mobile Real Estate Search

Ideal Location Chicago Real Estate, LLC  in partnership with Buyers Utopia is now offering all their clients mobile searches. Clients with iPhones & Android based smart phones now will be able to get “on the go” real estate searches in the Chicago metro area.  The mobile site is a great way for real estate buyers to stay connected.  Clients can log in with their social media accounts using Google, Yahoo or Facebook credentials to make access fast & easy.
Say’s Managing Broker, Eli Schultz, “The mobile web may still be in …

Chicago »

Chicago Foreclosures & Chicago Short Sales

Chicago Foreclosures & Chicago Short Sales
The Chicago real estate market still is awash with distressed properties. For savvy real estate buyers and investors this offers a tremendous opportunity.  There are thousands of pre-foreclosures listed on the market but Chicago real estate buyers do have to be careful as a large percentage of these are simply real estate agents guessing to the pricing. Often the listing prices of these Chicago Short Sales are absolutely meaningless.  Yes the property is worth less than the balance owed. yes the property is in pre-foreclosure and …

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City of Chicago Active Listings For Sale

The City of Chicago and its nearly 100 Neighborhoods have over 26,000 active properties for sale.  The average asking price for all properties listed is $322,000
Click on any neighborhood to see what properties are for sale today or Zoom in with our Chicago Real Estate Mapping Search and see what’s for sale block by block in Chicago’s ever changing real estate market .

Albany Park 2-4 Flats MLS Listings
Albany Park Condos and Townhouses MLS Listings
Albany Park Single Family Homes MLS Listings
Andersonville 2-4 Flats MLS Listings
Andersonville Condos and Townhouses MLS Listings
Andersonville Single Family …

Chicago »

Chicago Foreclosure Real Estate Investment

With more than one in 10 houses in Chicago vacant, and experts expecting the foreclosure crisis to continue to grow, nonprofits and the city are renting out more of those properties and offering incentives for those willing to buy.  Neighborhood Housing Services, a 35-year-old Chicago non-profit, this year will lend $18 million for single-family home purchases and re-financings of one- to four-unit buildings. The non-profit also is expanding its lending focus to help local residents and/or investors buy vacant foreclosed properties and rent them out, said Ed Jacob, executive director of …

Chicago, Distressed »

Bank Owned New Construction Homes In Chicago and Suburbs

In today’s Real Estate Market many buyers are taking advantage of builders who purchased land and started to develop property right before the bubble burst. Purchasers in Chicago and the Suburbs are finding spec homes and condos under the price of what it costs the builders to actually build today. In the height of the McMansion boom, builders where running wild, buying tear-downs, and speculating on the Real Estate Market.  Now these builders are working with their banks to move the houses or just walking away from the projects. Some house …

Chicago »

West Loop Real Estate Benefits From Green Space

By: Eli Schultz
The West Loop real estate investment community welcomed the newest green addition to the Chicago neighborhood with the long-anticipated Adams & Sangamon Park finally opening on August 19th, 2010.  Mayor Richard Daily and alderman Bob Fioretti came out to inaugurate the park’s completion, hailing it as a great achievement by the area’s committed and organized community.  After seven years of planning and renovation, the park now touts a varied assortment of post-modern outdoor recreational amenities, including an elaborate dog zone, a walkthrough misting sculpture, and a brand new …

Chicago, Green »

Chicago Green Real Estate Investment Incentives

By: Luke Bujarski
Chicago’s green real estate investment market may have taken another step forward this month. Coordinated by the Chicago Metropolitan Agency for Planning (CMAP), the Better Buildings Initiative aims to create jobs and save people money on their energy bills by strengthening the market for energy efficient properties. The goal of the program is to leverage over 500 million dollars of public and private funds to retrofit over 8,000 residential, commercial, and industrial properties over the next three years.
A building “retrofit” refers to the various steps a property owner …

Chicago »

Wicker Park Property

By: Eli Schultz
Wicker Park property boasts a diverse stock of building styles and price ranges.  The broad variety of condominiums in the area range from rehabbed and vintage lofts, classic walk-ups, and new construction mid-rises and three-flats.  The selection of single-family homes also ranges from up-scale new construction hitting the multi-million dollar mark, to older cottages that are often targets for tear-downs and gut-rehabs.  The Wicker Park neighborhood also features an assortment of 19th century mansions with hefty price tags but sought after for their charm and intricate architectural detail.   
 A …

Chicago »

Bucktown Property

By: Eli Schultz
The Bucktown neighborhood is located 3.5 miles northwest of the loop, bordering Wicker Park, Lincoln Park, and Logan Square.  Bucktown property for sale is primarily of residential stock with a mix of single-family homes and converted lofts.  On average,  a one-bedroom in a multi-unit building is priced around $270,000 and $375,000 for a two-bedroom unit.  Larger rehabbed spaces that have been upgrades with finer amenities have been listed for as much as $900,000.  Three bed-room single-family homes typically run at around $650,000 while larger, higher-end units  in the …

Chicago »

West Loop Real Estate For Sale

By: Eli Schultz
Today, the West Loop is among Chicago’s most desirable neighborhoods for well-to-do young urban professionals, given its proximity and access to the Loop. West Loop real estate for sale runs at an average sales price of around $310,000, with many new and rehabbed units available along Madison Street and Washington Blvd. The median sale price for a one-bedroom condo is around $267,000.  Prices for a two-bedroom unit average at around $370,000.  Detached single-family homes in the West Loop Real Estate market are far more expensive reaching on average $850,000 …