Tag Archives: Rental

Condo Investors See A Bottom to the Chicago Housing Market

Written by: - November 12, 2009

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Condo Investors See A Bottom to the Chicago Housing Market

Miami-based luxury high-rise developers Crescent Heights put Cityfront Place under contract for $83 million and the deal is supposed to close this month. This acquisition is the first downtown apartment building to sell in over two years which is a good indicator that the rental market might rebound before any other division in the housing market.

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Downtown Chicago Rental Market Improving…Really? And at What Cost?

Written by: - August 28, 2009

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Downtown Chicago Rental Market Improving…Really? And at What Cost?

I recently read a Crain?s Chicago Real Estate article about how the downtown apartment market is improving. The good news about this is that there is finally good news! Chicago?s rental market has been put through the ringer this season and no more bad news is great news. The downtown apartment market is doing marginally […]

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How to Reduce Condo Supply: Sink the Spire and Convert Condos into Apartments

Written by: - August 14, 2009

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14 August 2009 ? The likely demise of the Spire along with other new construction buildings now being marketed for rent instead of sale continues to contribute to the reduction of Chicago?s housing inventory. Another nail in the Spire?s coffin is the lawsuit filed Thursday by Bank of America against the Shelbourne Development Group for […]

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The Chicago Rental Market…The Good, The Bad, and Advice for Landlords

Written by: - July 30, 2009

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The Chicago Rental Market…The Good, The Bad, and Advice for Landlords

Let?s face it, it’s a scary time to be a landlord. The apartment rental market is facing difficulties like never before. For the first time in six years apartment rents are down nationwide. Fueling the fire are investor-owned properties (usually condos or town homes), which has expanded the rental supply by roughly 50 percent. Whether […]

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Job Loss and Climbing Vacancy Rates: A Bad Combo for Landlords

Written by: - May 20, 2009

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Job Loss and Climbing Vacancy Rates: A Bad Combo for Landlords

Normally May is a great time to be a landlord in Chicago. This season, I wish I could say it is, but it isn?t. Apartment conditions in Chicago have softened because of the rising unemployment rate and overbuilding. The citywide condo boom has ended, and a lot of recently completed and under-way projects are now […]

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Renting Best Option for Some Stuck Sellers?A Lakeview Case Study

Written by: - March 24, 2009

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Renting Best Option for Some Stuck Sellers?A Lakeview Case Study

It?s no secret to anyone that the current sales market is less than ideal. Under most normal circumstances, average homeowners are holding on to their property and hoping for the housing storm to pass. But what if you have to sell? You could be someone who is being transferred to another city or state by […]

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10 Questions To Ask Before Renting

Written by: - February 4, 2009

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10 Questions To Ask Before Renting

When people look at apartments, they tend to look at the layout, the size of the bedrooms, the light coming through the windows, and most importantly if it fits their budget. There are a few other questions renters forget to ask. Here are ten (maybe more…) to make sure to either get the answer to or investigate yourself.

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