Home Buying in Near North Side : Questions & Answers

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Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
What is the risk in buying in a mixed income building, Parkside of Oldtown to be specific?
It is difficult to get a loan in these buildings because of the CHA units there. Many lenders will not do a loan there but there are lenders who will. The only real downfall is resale i ... more
0 votes Share Flag Wed Dec 3, 2014 Home Buying in Near North Side
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
What's your opinion on "The Fordham" building in Near North Neighborhood? Will it hold it's value? Looking to buy on higher flr.
It's a very desirable building and neighborhood. I would get with an experienced realtor to help you run comps and market data to help you with your purchase.
0 votes Share Flag Thu Oct 30, 2014 Home Buying in Near North Side
Sara J. McMu…, Real Estate Pro in Chicago, IL
Sara J. McMurray answered:
Is it a good idea/time to buy a one BR condo in trump tower for investment. what are the pros/cons of buying in hotel/condo vs in resd building?
It depends on YOU, the investor. If you're paying cash, can you cash-flow on the unit? Is your money making more on the (theoretical) increase in value of real estate vs other investmen ... more
1 vote Share Flag Sat Apr 19, 2014 Home Buying in Near North Side
Mike Opyd, Real Estate Pro in Near North Side, Chi...
Mike Opyd answered:
If I plan on paying cash for a property, how soon at the earliest would I need access to my funds after putting my bid in?
Id have it lined up quickly since cash usually has a closing within a few weeks. Speak to your agent about what the process looks like and when the money should be made available.
0 votes Share Flag Tue Jan 7, 2014 Home Buying in Near North Side
Newman-Mitri…, Real Estate Pro in Near North Side, Chi...
Newman-Mitrick RE Group answered:
How do I find out or calculate property taxes for condos:?
Every property is different and the actual amount is a matter of public record. Start by Googling the address and that should be enough to find it. Beyond that, I would love to help y ... more
1 vote Share Flag Mon Jan 6, 2014 Home Buying in Near North Side
Chris Diamond, Real Estate Pro in Chicago, IL
Chris Diamond answered:
1.Want Jumbo rate 10/1 ARM for 900K loan (20%) at 3.00% range. .Excellent credit/income. 766 mid range credit score. 2.Want to get to 780. Sites? How?
If you are still in the market looking for options feel free to contact me either by email or phone at any point for a quick chat.

Chris Diamond
Diamond Residential Mortgage Corpor ... more
0 votes Share Flag Thu Nov 21, 2013 Home Buying in Near North Side
James P. Mic…, Real Estate Pro in 60605
James P. Michaels answered:
Do you Have a big house in the Northside of Chicago?
will send you my list of homes in that area
0 votes Share Flag Fri Aug 23, 2013 Home Buying in Near North Side
Jamesr, Home Buyer in Chicago, IL
Jamesr answered:
We are looking at 4 buildings; 10 E Delaware, 25 E Superior, 21 E Huron, and 2 W Delaware--all pretty new. Any pros/cons on these? We want 3 beds,
Jim: Take a look at 415 E North Water St. Riverview West on the river for a new view of Chicago. Close to everything but quiet when you want to relax away from the hustle and bustle. Go ... more
0 votes Share Flag Wed May 29, 2013 Home Buying in Near North Side
Jamesr, Home Buyer in Chicago, IL
Jamesr answered:
How many units are for sale in 445 E. North Water St and 415 E. North Water St.?
In 415 :Currently 3 facing south which is facing the river with excellent city and lake views. Go to http://www.thisfinecondo.com for 1 of the 3. - #804W in 415 E. North Water St.. All ... more
0 votes Share Flag Wed May 29, 2013 Home Buying in Near North Side
James P. Mic…, Real Estate Pro in 60605
James P. Michaels answered:
I'm going to Chicago from Shanghai in mid June. I was searching on Trulia for homes in Chicago, IL. Please send me more information about
email me at jmichaels@remax.net and I will also send you what I have on that particular building
0 votes Share Flag Tue May 21, 2013 Home Buying in Near North Side
Corry Shadle, Real Estate Pro in Halifax, PA
Corry Shadle answered:
Do you need title insurance if you are paying cash for a brand new home?
It is a good idea there still could be contractor liens on the property
0 votes Share Flag Wed Jan 23, 2013 Home Buying in Near North Side
Joanna Weiss, Real Estate Pro in Chicago, IL
Joanna Weiss answered:
I am in Chicago area,,, and very interested in purchasing a "tenant occupied property". Can you give me some guidance?
You didnt mention if you need financing. I would be happy to help with a pre-qualification letter showing that you can afford the property. Most realtors will need to know if you are ... more
0 votes Share Flag Sun Oct 14, 2012 Home Buying in Near North Side
Seth Captain, Real Estate Pro in Chicago, IL
Seth Captain answered:
is this home pet friendly because i have a english bulldog?
There is a lot of discrimination against English Bulldogs due to their slobbering drool and wide girth. Both of these traits are currently unfashionable in today's fashion climate. I wo ... more
0 votes Share Flag Thu Sep 6, 2012 Home Buying in Near North Side
Grandpa Al, Home Owner in Chicago, IL
Grandpa Al answered:
Need 2 bed/2 bath in G Coast/River N area for 5 months out of the year. Plan on this for next 10 yrs. Would you buy or rent furnished for 5 mos.?
This is probably out of date but just to let the world know-- I have a two bedroom/2 bath condo in Lakeview on Lake Shore Drive, with full views of Lake Michigan from every room but th ... more
0 votes Share Flag Sat Nov 5, 2011 Home Buying in Near North Side
Leonugen, Home Buyer in Chicago, IL
Leonugen answered:
How do you guys feel about Parkside of Old Town in Chicago?
It's been 2.5 years since the last post was posted. What do you guys think of the townhouse for $321k in Parkside of Old Town now? Is the area safe? Are there any problems with the ... more
0 votes Share Flag Wed Oct 26, 2011 Home Buying in Near North Side
Love My View, Home Owner in Chicago, IL
Love My View answered:
What is NOT good about 900/910 N. Lake Shore Drive bldgs.? Old, etc...
Whoever growler is - we're glad he doesn't live here. I wouldn't trade this building/location for any new and not so well built building with the noisy, crowded swimming ... more
1 vote Share Flag Thu Oct 13, 2011 Home Buying in Near North Side
Seth Captain, Real Estate Pro in Chicago, IL
Seth Captain answered:
Is the 680 Lake Shore Drive building a good investment ?
If you enjoy reading Playboy or being associated with things that are associated with Playboy, then this building is about the best emotional investment you can make.

But if you di ... more
0 votes Share Flag Wed Oct 12, 2011 Home Buying in Near North Side
Luminita Isp…, Real Estate Pro in 60616
Luminita Ispas answered:
Will two bedroom condos appreciate more and sell better than one bedroom condos on the near north side of?
Ryan,

I don't think you are asking the correct question here. You should ask yourself what would give you the best quality of life.

That used to be the kind of thoughts that ... more
0 votes Share Flag Sat Oct 1, 2011 Home Buying in Near North Side
Robert Pratt, Real Estate Pro in Chicago, IL
Robert Pratt answered:
what is the rentability of units in 653 N Kingsbury, Chicago IL. is it a good building to buy investment properties?
HI there!

Thank you for posting a question.
If you do not already have a real estate expert who specializes in assisting investors assisting you with your search for an investment p ... more
0 votes Share Flag Tue May 3, 2011 Home Buying in Near North Side
Matt Laricy, Real Estate Pro in Near North Side, Chi...
Matt Laricy answered:
What is NOT good about 55 E Erie bldg?
I would say price.

Matt Laricy
Americorp Real Estate
Brokers Associate, e-PRO
mlaricy@americorpre.com
708-250-2696
1 vote Share Flag Sun May 9, 2010 Home Buying in Near North Side
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