Market Conditions in 60646 : Questions & Answers

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Tricia, Both Buyer and Seller in Chicago, IL
Tricia answered:
Is it true that the new development called Park 1000, at 1000 S. Michigan Avenue, is going to be an L shaped
That has been planned that way for over 7 years. It's supposed to be, but no one really knows if that will ever be built.
0 votes Share Flag Mon Jul 27, 2009 Market Conditions in 60605
Lesley, Real Estate Pro in Near West Side, Chic...
Lesley answered:
Near West Side;How's the market doing there.Any comments?????
This area is very close to public transportation, the Loop, as well as restaurants, parks, etc. The city is paying close attention to this area and the homeowners are very attentive an ... more
0 votes Share Flag Sun Nov 16, 2008 Market Conditions in Near West Side, Chicago, IL
Inspector Mi…, Real Estate Pro in Plainfield, IL
Inspector Michael J. Savage answered:
What is the average days on the market time for Chicago?
Check this out: -Mike Savage, MJS Inspections, Inc.
0 votes Share Flag Tue Apr 14, 2015 Market Conditions in Chicago
Trish Brophy, Real Estate Pro in Glencoe, IL
Trish Brophy answered:
What is the average deposit in the city of Chicago to an Owner upon the signing of a Sales Agreement?
Here on the North Shore, an offer is usually accompanied by a check in the $1,000-$5,000 range. The balance of the earnest money - usually at least 5% of the agreed on purchase price - ... more
0 votes Share Flag Sun Oct 27, 2013 Market Conditions in Wicker Park
Voices Member,  in
Voices Member answered:
Are properties in Rogers Park selling again?
Dear Felix,

Condos in RP never stopped selling. I wouldn't go as far as the 30k jump that Zillow suggests, but depending on your specifics, location, and proximity to public transpo ... more
0 votes Share Flag Thu May 1, 2008 Market Conditions in 60645
Carlos Roche, Real Estate Pro in New York, NY
Carlos Roche answered:
I,m thinking of buying a condo as an longtrem investment
Hello Uli

You definitely chose the best type of property for investment purposes.
In big cities like Chicago and New York, the overall real estate market appreciation is very good.
... more
0 votes Share Flag Tue Apr 1, 2008 Market Conditions in Chicago, IL
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
What is the best way to know the market values, and/or number of the active, pending closed sales in an area.?
Hey Jack

Your best bet is to consult Connect MLS- Do a search and on top of the screen there are two blue arrows which will show you the average.

Best of luck
0 votes Share Flag Thu Jun 6, 2013 Market Conditions in Near North Side
Ann H Boyle,…, Real Estate Pro in Evanston, IL
Ann H Boyle, GRI, SFR, e-PRO answered:
We have a home that's been on the market for quite a long time. Should we rent it and then relist later?
I guess I would have to ask you how long is "quite a long time'? To have marketing time start from zero, you would need to have it off the market for 90 days, I believe. If you have t ... more
0 votes Share Flag Sun Nov 9, 2008 Market Conditions in 60631
Joy, Real Estate Pro in Illinois
Joy answered:
Hi!I'm looking for a 2bedroom aptm for rent (month to month). Can you help me? Thanks
yes- please call me at 847-420-9734. Thanks!!
0 votes Share Flag Thu Jan 8, 2015 Market Conditions in Loop
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
What do you think of Uptown? Will we see huge appreciation there in the next 3-5 years? Have owners seen
Brian,

Uptown has seen a lot of development over the past 10 years and continues to see new construction and condo conversions on a regular basis today. It provides good value for mo ... more
0 votes Share Flag Fri Jul 24, 2009 Market Conditions in Uptown
Stacy Karel, Real Estate Pro in Chicago, IL
Stacy Karel answered:
Is this a good time to flip houses?
I my opinion no...unless you acquire a property at 50-60% of value- then you can make $$ in any market. The market time to sell is just too long unless you can sell substantially below ... more
0 votes Share Flag Tue Mar 1, 2011 Market Conditions in Chicago
Ken Dooley C…, Real Estate Pro in Chicago, IL
Ken Dooley CIPS, ABR, TRC answered:
What is the average price and cap rate for 12 unit apartment buildings on the south side of chicago?
Greg,

A quick search of the Kenwood, Woodlawn & South Shore areas shows apartment buildings greater than 12 units (on average, 20 unit buildings) are listed at $1.1m but this is too ... more
0 votes Share Flag Tue Feb 26, 2008 Market Conditions in South Shore, Chicago, IL
Pam Winterba…, Real Estate Pro in San Ramon, CA
Pam Winterbauer answered:
Are there any Rentals available at 1111 S. Wabash?
Patrick.....

You may wnt to check on craigslist as Trulie does not have rentals here.
0 votes Share Flag Thu May 29, 2008 Market Conditions in 60605
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
$1800 rent for 2bdrm, 1bth, in the Loop, Jewelers Row to be exact...good deal or no?
sounds about right-Probably not much of a view though
Good Luck!
0 votes Share Flag Fri Jan 9, 2015 Market Conditions in Loop
Mr.P, Other/Just Looking in Arizona
Mr.P answered:
What do you think will happen to Chicago's Southside if and when we get the Olympics?
That would be so cool.

First the Southside St. Patrick's day parade, and now the Olympics.
0 votes Share Flag Fri Feb 22, 2008 Market Conditions in Chicago, IL
Patti Pereyra, Real Estate Pro in Chicago, IL
Patti Pereyra answered:
Capitilization rate in Pilsen?
I'm not sure what your question is, really. You start off wondering about the cap rate in the area, then wonder if it's "worth the hassle" to be a landlord, so I'll try to address both. ... more
0 votes Share Flag Fri Feb 22, 2008 Market Conditions in West Town, Chicago, IL
Rhett Damon, Other/Just Looking in Chicago, IL
Rhett Damon answered:
What's going on in River North?
As with anything else... it depends.. but 4 years is a reasonable time to expect a return. RN prices have adjusted down slightly but all in all it's pretty good.
0 votes Share Flag Sun Nov 29, 2009 Market Conditions in Near North Side
Voices Member,  in
Voices Member answered:
Condos in West Town: your thoughts, please...
How long do you plan to live in your primary residence? Two-Three-Five years? If it's less, then I would suggest you choose a more established neighborhood. Don't get me wrong, West ... more
0 votes Share Flag Sun Apr 12, 2009 Market Conditions in West Town, Chicago, IL
Carl, Real Estate Pro in Chicago, IL
Carl answered:
Which way is the Chicago (not suburbs) market going to head in the next 3-5 years?
I'll need to bow out of this one since I'm a BURB guy and know nothing about the city of chicago market.
I do know that they have an awsome Gangster bus tour!

:)
0 votes Share Flag Fri Jul 24, 2009 Market Conditions in Chicago
Kale Realty, Real Estate Pro in 60607
Kale Realty answered:
How many units are currently for sale in 512 N McClurg/River East?
Hi

Currently Feb 6th the MLS shows 25 listings from $220,000-$599,000 including 5 rentals. In terms of REO I have seen more at the 440-480 McClurg building and 345 Lasalle. Feel fre ... more
0 votes Share Flag Wed Feb 6, 2008 Market Conditions in Near North Side, Chicago, IL
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