Super Southport location! [Read more…]
Bright East Village two bedroom, two bathroom condo on a wide, quiet, one-way, tree lined street. [Read more…]
Sunny, top floor, vintage greystone three bedroom, two bathroom unit, beautifully renovated while keeping classic, original details. [Read more…]
Pristine single family home in North Center! [Read more…]
Just north of the River, and east of the North Branch of the Chicago River, west of the Gold Coast/Streeterville and south of Old Town lies River North. An energetic neighborhood with galleries, the Mart, Trump Tower, boutique hotels, classic steakhouses as well as a tasty collection of dining cuisines to choose from.
The cornerstone of the neighborhood, of course, is the Chicago River and the North Branch. An active and working river, with barges and boats, water taxis and tours, kayaking and what will be the next biggest park improvement after Millenium Park which is now celebrating 10 years. Our river, especially between the Michigan Avenue Bridge and Wolf Point boast a wonderful array of architecture. The Chicago River Walk, anticipated to open summer 2016, will revitalize the land and create another public park. The design plans include conceptual ideas for each of the six blocks from State Street west to Lake Street with distinctive identities and purpose, each with its own theme: The Marina (from State to Dearborn); The Cove (Dearborn to Clark); The River Theater (Clark to LaSalle); The Swimming Hole (LaSalle to Wells); The Jetty (Wells to Franklin) and The Boardwalk (Franklin to Lake). Gina Ford in a Chicago Magazine interview by Whet Moser called this new space “River Theater”. I can’t wait to walk it!
Real Estate in River North is RED HOT!
Two bedroom / two bath condominiums are selling like hot cakes! In February 563 new homes came to market, 341 went under contract and 330 closed! The list to sale price averaged 98.4%, selling in less than two months! Scroll over this chart for live up to date average sale price data.
If you are considering selling, let me help you take that next step with confidence!
Dramatic price reduction on this one of kind investment or in-town opportunity! [Read more…]
Many cuisines area available in River North, but this list includes my favorites for steak, spaghetti and sushi. Perfect for a dinner on the way home from the loop, or easy destination from Union Station/Olgivy and City Water Taxi to Clark/LaSalle stop (opens March 30th!). Enjoy River North and it’s fine restaurants!
Chicago Cut Steakhouse
300 N. LaSalle
Gene & Georgetti
500 N. Franklin
456 N. Clark
Benny’s Chop House
444 N. Wabash
43 E. Ohio
626 N. State
Piccolo Sogna Due
340 N. Clark
52 W. Illinois
Japonais by Morimoto
600 W. Chicago
607 N. Wells
110 W. Illinois
Union Sushi + Barbeque
230 W. Erie
A solid game plan can help you narrow your homebuying search to find the best home for you.
House hunting is just like any other shopping expedition. If you identify exactly what you want and do some research, you’ll zoom in on the home you want at the best price. These eight tips will guide you through a smart homebuying process.
1. Know thyself.
Understand the type of home that suits your personality. Do you prefer a new or existing home? A ranch or a multistory home? If you’re leaning toward a fixer-upper, are you truly handy, or will you need to budget for contractors?
2. Research before you look.
List the features you most want in a home and identify which are necessities and which are extras. Identify three to four neighborhoods you’d like to live in based on commute time, schools, recreation, crime, and price. Then hop onto realtor.com to get a feel for the homes available in your price range in your favorite neighborhoods. Use the results to prioritize your wants and needs so you can add in and weed out properties from the inventory you’d like to view.
3. Get your finances in order.
Generally, lenders say you can afford a home priced two to three times your gross income. Create a budget so you know how much you’re comfortable spending each month on housing. Don’t wait until you’ve found a home and made an offer to investigate financing.
Gather your financial records and meet with a lender to get a prequalification letter spelling out how much you’re eligible to borrow. The lender won’t necessarily consider the extra fees you’ll pay when you purchase or your plans to begin a family or purchase a new car, so shop in a price range you’re comfortable with. Also, presenting an offer contingent on financing will make your bid less attractive to sellers.
4. Set a moving timeline.
Do you have blemishes on your credit that will take time to clear up? If you already own, have you sold your current home? If not, you’ll need to factor in the time needed to sell. If you rent, when is your lease up? Do you expect interest rates to jump anytime soon? All these factors will affect your buying, closing, and moving timelines.
5. Think long term.
Your future plans may dictate the type of home you’ll buy. Are you looking for a starter house with plans to move up in a few years, or do you hope to stay in the home for five to 10 years? With a starter, you may need to adjust your expectations. If you plan to nest, be sure your priority list helps you identify a home you’ll still love years from now.
6. Work with a REALTOR®.
Ask people you trust for referrals to a real estate professional they trust. Interview agents to determine which have expertise in the neighborhoods and type of homes you’re interested in. Because homebuying triggers many emotions, consider whether an agent’s style meshes with your personality.
Also ask if the agent specializes in buyer representation. Unlike listing agents, whose first duty is to the seller, buyers’ reps work only for you even though they’re typically paid by the seller. Finally, check whether agents are REALTORS®, which means they’re members of the NATIONAL ASSOCIATION OF REALTORS®. NAR has been a champion of homeownership rights for more than a century.
7. Be realistic.
It’s OK to be picky about the home and neighborhood you want, but don’t be close-minded, unrealistic, or blinded by minor imperfections. If you insist on living in a cul-de-sac, you may miss out on great homes on streets that are just as quiet and secluded.
On the flip side, don’t be so swayed by a “wow” feature that you forget about other issues — like noise levels — that can have a big impact on your quality of life. Use your priority list to evaluate each property, remembering there’s no such thing as the perfect home.
8. Limit the opinions you solicit.
It’s natural to seek reassurance when making a big financial decision. But you know that saying about too many cooks in the kitchen. If you need a second opinion, select one or two people. But remain true to your list of wants and needs so the final decision is based on criteria you’ve identified as important.
More from HouseLogic
- HOAs: What You Need to Know About Rules
- A Financial Plan for Your Home
- When It Pays to Do It Yourself
G.M. Filisko is an attorney and award-winning writer who has found happiness in a brownstone in a historic Chicago neighborhood. A frequent contributor to many national publications including Bankrate.com, REALTOR® Magazine, and the American Bar Association Journal, she specializes in real estate, business, personal finance, and legal topics.