Home Buying in Loop : Advice

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Runa Charlie, Home Buyer in New York, NY
Runa Charlie answered:
Does anyone knows any banks that will lend on a free and clear property with debt ratio over 45%?
Hi my name is Charlie, we can help you with that, call our company Pitts Enterprises Inc. Here's the phone number 708-557-9667
0 votes Share Flag Thu Jan 15, 2015 Home Buying in Loop
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
Can anyone give me any info on 800 S Wells? I see a lot for sale, just seems incredible the prices of these units?
Not a good building to buy into, flooded a few years ago, special assessments, large amount of rentals in the building. A poor investment if you buy there.
0 votes Share Flag Wed Jan 14, 2015 Home Buying in Loop
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
Is there anywhere to take your dog to pee if you live in 310 S. Michigan?
I would suggest those portable pads or unfortunately have to bear the cold and cross that street.
Best of luck
0 votes Share Flag Fri Jan 9, 2015 Home Buying in Loop
Josh Barnett, Real Estate Pro in Oklahoma City, OK
Josh Barnett answered:
apartments in 340 E Randolph st.sold hisory
What have you ended up doing with this information over the last 2 years?
0 votes Share Flag Fri Jan 9, 2015 Home Buying in Loop
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
Is the monthly parking garage at 1101 S State street reliable?
There are many reliable and safe parking garages in that area. It would be best to stop by there and talk to the management to get specifics.
Best of luck.
0 votes Share Flag Fri Jan 9, 2015 Home Buying in Loop
Mark Zatz, Real Estate Pro in 60102
Mark Zatz answered:
What are the total costs of closing a deal, assuming also 60-70% mortgage? Taxes for foreigners in the Usa?
Can you please be more specific with the area (city & State) and the other terms of the loan you may be looking into?
The question is just to open ended to give a guesstimate.

thank ... more
0 votes Share Flag Fri Jan 9, 2015 Home Buying in Loop
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
165 Canal - Randolph Place
There are no issues in this building that I am aware of. My cousin who is a Real Estate agent lives there and sells in the building regularly. Units sell pretty quickly there especially ... more
0 votes Share Flag Thu Jul 25, 2013 Home Buying in Loop
Sarah Ziehr, Real Estate Pro in Chicago, IL
Sarah Ziehr answered:
We have been looking for condos in the loop and immediate surrounding neighborhoods.
If you are unfamiliar with the neighborhood, I would recommend spending some time there. Go to dinner, brunch, the grocery store, coffee house, etc. You will love Taylor Street, so ma ... more
0 votes Share Flag Sat Jul 28, 2012 Home Buying in Loop
Sarah Ziehr, Real Estate Pro in Chicago, IL
Sarah Ziehr answered:
Working in chicago downtown, planning to invest in 2 bd/2bth vs townhome, where 2 invest downtwn or suburbs ?
If you are looking to rent your property in 4-5 years, then buy in the Loop. You could even rent it furnished and attract the corporate relocation market going forward.

Also there ... more
0 votes Share Flag Sat Jul 28, 2012 Home Buying in Loop
Matt Diehl, Real Estate Pro in Chicago, IL
Matt Diehl answered:
Lisle Metra Parking Issues
My wife and I have lived in Lisle before. Beautiful town. We ended up moving to Oak Park, also a beautiful town. When out there, i honestly can't say i used the train much, other tha ... more
0 votes Share Flag Wed May 2, 2012 Home Buying in Loop
Paul Blackbu…, Real Estate Pro in 60611
Paul Blackburn answered:
235 van buren, chicago IL
Hi Jeff,

The developer is reputable, but so is MCL which has financing issues and so are many other developers that have gone under.

The 235 Van Buren project can be great for ren ... more
0 votes Share Flag Tue Feb 2, 2010 Home Buying in Loop
Carl, Real Estate Pro in Chicago, IL
Carl answered:
How is lisle suburb to live? Found a townhome but with taxes around $7500, is it worth investing ?
Lisle is in Dupage county and the taxes are higher there than Cook county because Dupage does not have a lot of indusrty to tax like Cook does. Naperville is pricey becuse of the name.
0 votes Share Flag Sun Jun 28, 2009 Home Buying in Loop
PCS, Inc., Real Estate Pro in Lake County, IL
PCS, Inc. answered:
Has anybody any advice on the Terrazio condos on 1935 South Wabash
Laura, be careful which of these responses you listen to. One response mentioned that muesem park is not negotiating and that they eat dinner at Room 21.
Room 21 is closed and Museu ... more
1 vote Share Flag Fri Apr 17, 2009 Home Buying in Loop
Christine Mo…, Real Estate Pro in 60521
Christine Moscinski answered:
South loop 1 bedroom prices? Can I purchase a 1 bedroom condo, for 200k? Or is that a unrealistic price?
I agree, you can purchase for under $200 or go further south as Patti suggests.

But really with inventory being so high, I would negotiate 5-8% below any asking price!

It's a Bu ... more
2 votes Share Flag Fri May 9, 2008 Home Buying in Loop
Greg Zaccagni, Real Estate Pro in Illinois
Greg Zaccagni answered:
Is investing in a condo-conversion in downtown chicago a bad idea?
How long do you intend to stay in the property? It's a great time to buy provided you intend to keep the propety for at least 4-5 years.

Greg Zaccagni
1 vote Share Flag Thu Mar 27, 2008 Home Buying in Loop
Mike Long, Real Estate Pro in Naperville, IL
Mike Long answered:
Is there a way to get an second opinion from an agent of an opening offer for a flat fee?
You can't trust your agent but you're willing to ask someone that you have not worked with to give you advice? Good Luck!!
0 votes Share Flag Thu Mar 13, 2008 Home Buying in Loop
Cathi Weaver, Real Estate Pro in Chicago, IL
Cathi Weaver answered:
Looking to buy something listed a bit over my budget...
Hi Elizabeth,

I am wondering if you are working with a Realtor or if you have been searching on your own. The reason is because you mention that the condo seems to be priced correct ... more
0 votes Share Flag Mon Nov 5, 2007 Home Buying in Loop
Cristina Vat…, Real Estate Pro in Chicago, IL
Cristina Vatasoiu answered:
Is this a good time to buy a condo in the chicago loop? Found a small property below $200,000.
Go for it. The Chicago loop is an area where a lot of construction companies are investing. Even though the condo you bought is a little smaller, the return on investment will be satisf ... more
0 votes Share Flag Sun Aug 12, 2007 Home Buying in Loop
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