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Tag Archives: Chicago neighborhood information

Know Your Neighborhood -Q2/2011 Results

Every quarter, I try to take a look at how a sample of Chicago neighborhoods performed compared to the year before. Overall, the results look pretty good in 2011 compared to Q2 in 2010. I used our local MLS service (MRED) to create reports based on all condo units that closed in April to June […]

Q1 -2011 Market Report – Lincoln Park Condos/Townhomes

Lincoln Park has always been one of the most stable markets in Chicago.  When I started the research for this segment, I was curious how the blizzard in early February impacted closings especially late in the quarter.  As a member of the real estate community, the overall thought is that blizzard definitely slowed down the […]

Did You Know? Square Footage for Units in 3 Flats

Did you ever wonder why most units in 3 flats are exactly the same size and in some cases, the same floor plan?  Well, it starts with the lot size and the zoning of that particular property. Most 3 flats are built on standard sized lots. The lots are generally 25 feet wide by approximately […]

New Construction Starts at 50 Year Low

The National Association of Realtors announced earlier this week that New Construction starts are at a 50 year low.  (…and as a side note, the population in the United States 50 years ago was about 160,000,000.  Today, it is around 310,000,000.) I didn’t need to read this article to know that new construction is next […]

Target in Talks on Old Town Location

Crain’s Chicago Business Daily reported today that Target is in talks with CHA on a northside location just east of Halsted at Division. This is noteworthy in my opinion because a store like Target could completely reinvigorate that segment of the city. I’m sure Target sees the potential of a site located that could feed […]

Can You Afford to Wait?

I am active reader of Steve Harney’s KCM Blog (Keep Current Matters). He has been recognized as one of the 100 most influential persons in the real estate industry. His research is solid and he calls it like he see it. The article he put out yesterday, “The Cost of Waiting for Prices to Fall”, […]

Did You Know? A Fun Fact about Streeterville

Did you know that the Streeterville neighborhood in Chicago is built almost entirely on landfill from debris from the Chicago fire of 1871?  Streeterville is commonly known for the neighborhood east of Michigan Avenue to the lake. George Wellington “Cap” Streeter took up residence on a sandbar in Lake Michigan and charged developers and speculators […]