I hope some of you saw the full-page ad in the Sunday Chicago Tribune for Museum Park at Central Station. It had a headline which stated: “An Unmatched Record of Value and Appreciation in Chicago’s Most Successful Lakefront Neighborhood” The ad then listed 7 buildings and various units from the buildings to show buyers how […]
A million dollars used to mean something in the Chicago condo market. It might not be huge, but at least that price point meant luxury finishes and amenities. Not anymore- if you believe the asking prices on these condos in the South Loop. Prairie Pointe at 1600 S. Prairie in the Central Station neighborhood of the South […]
The South Loop can be overwhelming for buyers. There seems to be new construction going up everywhere. Imagine going to the sales centers down there? Where would you start? In a brilliant bit of marketing, one agent, Rebecca Thomson from Re/Max Vision, is now offering the “South Loop Tour.” This Sunday, January 13, she is renting […]
In the last few decades, the South Loop used to be known as the “cheaper” part of downtown. But not anymore. One Museum Park, with its million dollar condos with lake and Grant Park views, is only one element that is changing the perception of the area for those looking for “luxury” living. There are expensive townhomes and condos […]
With all of the high rises being built in the South Loop, maybe there is room for a smaller conversion project. Not everyone wants to live in a huge high rise. Currently, small buildings are being converted further south in Motor Row at 2200 S. Michigan. This latest project at 1340 S. Michigan is a much […]
I’ve seen this designation several times now in real estate listings. The neighborhood is dubbed “SoLo”. Do you know where it is? I had to think about it for a minute. Apparently, that is the new real estate moniker for “south loop.” Clever, huh? SoLo…South Loop. This Keller Williams agent is using it for a loft at 1516 […]
One of the most important rules in real estate is to never buy the most expensive home on the block. The second most important rule is to never renovate your home so that it’s the most expensive home on the block. Unfortunately, this owner in the South Loop has violated both of these real estate rules. Built […]
The Vetro, at 611 S. Wells, in the South Loop near Printers Row, has started closings. The 233 unit building is only 50% sold. Last week, the developer began advertising “free parking” to new buyers. The free parking is a huge price reduction on the units. For instance, the developer currently has a $250,000 1 bedroom, 1 […]
The Columbian, at 1160 S. Michigan, which started closings several months ago, has seen dozens of attempted flips. I’ve talked about a few in prior posts. “Attempted” is the key word here because from what I can tell, nothing has re-sold in the building. I don’t think they’ve finished closings in the building so more […]