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Home Buying in Lincoln Park : Real Estate Advice

  • All75
  • Local Info16
  • Home Buying12
  • Home Selling4
  • Market Conditions4

Activity 12
Sun Mar 15, 2015
Noah Seidenberg answered:
It could and even if 33% were rented out to anyone lenders do not like buildings that have many rentals. This is why condos boards limit the number of allowed rentals in a building or even allow renting at all. ... more
0 votes 6 answers Share Flag
Sat Feb 28, 2015
Greg Zajdel answered:
Use app Homefacts... Llok for different crimes!! It's a good app.
0 votes 13 answers Share Flag
Wed Feb 25, 2015
Mark Zatz answered:
Best place to check that is through the cook county recorders office.. Online is www.ccrd.info.
If you are thinking of writing an offer or looking for similar properties, I would love to help.

Mark Zatz
630-669-9532
... more
0 votes 9 answers Share Flag
Mon Jan 19, 2015
CJ Baker answered:
There are several upscale areas that are conveniently located. However, each area is different so to say one area is better than another would be biased. I would need to dig deeper into your preferences to suggest a specific area. ... more
0 votes 15 answers Share Flag
Wed Oct 15, 2014
Michael Vrielink Team answered:
I see two previous listings on that block -- A 26.11' wide RM4.5 zoned lot that sold for $987k, and a VERY aggressive standard lot/tear down listing from 2010 for $2.3M. Generally, I would expect ~$1M in today's market, though. ... more
0 votes 6 answers Share Flag
Tue Jan 21, 2014
Mack Alsaidi answered:
0 votes 10 answers Share Flag
Thu Jan 10, 2013
Riccardo Wardlow answered:
I suggest you talk to a licensed real estate agent. I know a great one I can refer you to if need be.

Sean Cochran
630-330-2229
Quality Mortgage Lending
0 votes 6 answers Share Flag
Wed Jan 9, 2013
Ivan Sagel answered:
Hi Julie,

Have you found a new job in Chicago yet? Mortgage rates are very low, now is a great time to take advantage of them.

All the best,

Ivan Sagel
312.515.7823
Ivan@atproperties.com ... more
0 votes 10 answers Share Flag
Wed Feb 24, 2010
Vik Wadhwa answered:
Louie,

I agree with many of the other responses that it depends on the property. But, I did just submit offers for two clients in Lincoln Park in the last week, so I compiled the attached data for them. It has some broad / general data on the Old Town / Lincoln Park markets. Also, this data is based on properties east of Racine in Lincoln Park and parts of Old Town, so it is not for all of Lincoln Park, but I think the same trends would still apply to the rest of the neighborhood.

http://spreadsheets.google.com/ccc?key=0AlPcNE63T47ndGQtZGV4TzJibkZKUXBNYlR1NGJLSnc&hl=en

Hope that helps.

Vik
... more
0 votes 12 answers Share Flag
Sun Aug 16, 2009
Jennifer Ames answered:
Hi Laura,

JC mentioned the Forbes Magazine story entitled “America’s Most Troubled Luxury Neighborhoods” that was published last month which suggested that Lincoln Park is on the verge of collapse. I was quoted in that article however my comments were twisted to support a theory that is 180 degrees from my experience. I wrote a response to the Forbes article in my blog presenting some current market stats, and explaining that if you were going to buy, Lincoln Park is a better investment than most other areas.

Hopefully by now you are already settled in your next home, but in case you are still on the fence, I encourage you to check out my response to Forbes (see the link below). JC (if you are reading this) take a look and let me know if you have any questions as well. By the way, my response to Forbes does not mention Lakeview, but I am bullish on that community as well.

Best of luck,

Jenny
... more
1 vote 11 answers Share Flag
Mon Jul 14, 2008
Lisa Schade answered:
Hi Maggie-
To answer your question, ask yourself these questions...

Do I make money on a cash sale? Or do I make money on a loan purchase?

Is your money working for you or are you working for your money?

How much monies do I need to use to make this a win-win.

Yes, I'm answering a question by asking a question. But you must consider all ramifications of tying up your monies long term.

Which way do you create the most benefit is what you're really asking.
The Answer:
It is different for every situation. So there is not a right or wrong answer. It's what you are most comfortable with. Make yourself a pro and con list. How much risk can you absorb? Only then, will you know the answer to your question.

Hope that helps!
... more
1 vote 7 answers Share Flag
Mon May 26, 2008
Sierra Bloom answered:
I think that I may have been misunderstood in my answer. Originally I said that you want your agent to be available and I got some slack for that because other agents assumed that if an agent is available, they must not have other clients they are working with. This is simply not true. To me, this means that the agent is able to multi-task with many "balls up in the air" at one time. This doesn't mean that you receive less attention, it simply means that should you be panicing about something (as many first time home buyers find themselves doing), your agent will either answer your call or call you back that same day to put your mind at ease.

You also of course want your agent to be knowledgable about the area you are looking in, have experience working with buyers etc. To me those are things that are pretty basic and generic.

In today's market, standing out as an agent is important. If I can be all of the things that every other agent is AND If I can be more available than MOST other agents, my clients will continue to come back to me and send their friends as they have been for quite some time.
... more
0 votes 9 answers Share Flag
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