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Near North Side : Real Estate Advice

  • All149
  • Local Info13
  • Home Buying46
  • Home Selling16
  • Market Conditions16

Activity 106
Thu Mar 2, 2017
JW J answered:
I can't speak to the experience of owners, but if you are renting a unit, you have absolutely no rights in this building. The building decided to do a renovation project during the middle of my lease, and arbitrarily shut off water and plumbing for a month, every week day. The more problematic thing is that they entered my unit every afternoon during the renovation, despite my asking them not to, and warning them in writing that it constitutes trespass. In a couple weeks, they will enter my unit to tear down a wall and rebuild it, all without my consent. When I voiced my objections, they ignored my emails completely. I asked them to resolve the issue amicably - but no response. I wouldn't risk living here. ... more
0 votes 15 answers Share Flag
Fri Dec 9, 2016
Gramaci753 answered:
Always watch out for the tacos they always get you at taco bell!
1 vote 9 answers Share Flag
Mon Dec 5, 2016
Anna M Brocco answered:
In case you weren't aware Google searches https://www.google.com/ and Google Maps https://maps.google.com/ are a wonderful thing for directions/distance, as is Mapquest http://www.mapquest.com/ ... more
1 vote 1 answer Share Flag
Tue Sep 15, 2015
Mikeh answered:
ive lived there 8 years and i love it!

mike hansen
511, #307
0 votes 7 answers Share Flag
Thu Jun 11, 2015
Deborah Kory answered:
If you are dealing with CHA rent the condo from a friend. Many people may have refinanced twice They can no longer pay the assessments, so they sublease, to pay the assessments. Case in point,a client owned a 3 bedroom,2 bath at 247 East Chesnut. They had no mortgage. Condo paid in full. Assessments exceeded 2500 a month. The retired client and her blind son could not afford the assessments, so they rented it out until they could sell it. It was too much for the owmers, but three Northwestern Hospital interns rented it. It was cheap for them, as it only came to about 900 hundred a month each, plus electricity's. CHA paid $1500 for a cabana in a highrise, under there so called "mobility program" it was worth 10 percent of the unit on Chesnut. They tried to rent it to me,who was an attorney. I paid $400 yo move in,$400 to move out and paid for my resident I.D. card. Besides being fraud,;the pair were indicted for 6 other felonies. The owner, Diane Gotlieb was haneous, sad,malicious person and her accomplish,Bridget Magill, was p demonic pathetic phoney. Never go with the mobility program,at CHA. I have 100 more contacts and a better repoir with Chicago landlords and managers of highrises than this mobility supervisor ever had. I got subsidizwd units at 175 N. Harbor Drive, a very prestigious highrise, Presidential Towers and several others. She got a condemned slumlord building on the West Side,,Homan and Ohio. ... more
0 votes 5 answers Share Flag
Sat Mar 28, 2015
ajaisriv06 answered:
Hi, I am looking for a fresh new apartment on rent for $1200, with all ameneties near North Parkway Street .
0 votes 13 answers Share Flag
Tue Dec 16, 2014
Scott Newman answered:
The HOA fees are $1,282 and include:
Asmt Incl:Heat, Air Conditioning, Water, Common Insurance, Doorman, TV/Cable, Exercise Facilities, Pool, Exterior Maintenance, Scavenger, Snow Removal

I hope this helps
... more
0 votes 2 answers Share Flag
Wed Dec 3, 2014
Mike Opyd answered:
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 is a little more difficult because of the loan difficulties. If you need a recommendation for a lender who will do a loan there let me know. ... more
0 votes 1 answer Share Flag
Sat Nov 8, 2014
Matt Laricy answered:
There will be a whole foods there very soon, and another new one down the street. They are just deciding whos going to go there.
0 votes 2 answers Share Flag
Tue Nov 4, 2014
Chumchururum answered:
I am not an agent, nor am I a lawyer. These are just my opinions:

1. That unit is a re-hab, potentially by professional flippers. So, from that point of view, it is a very nice unit, and probably looks much better than most units in that building,

2. #1305 is overpriced.

Consider the following listed units in the same building,

- Unit 405, 2BR / 2BA, 1400 SqFoot, same tier, listed at $485K, DOM 99 days,
- Unit 2602, 2 BR / 2BA, 1400 SqFoot, listed for $519K, DOM 33 days,

Now, recent sales:
- Unit 2203, 2 BR / 2BA, 1600 SqFt, sold for $530K,
- Unit 2002, 2 BR / 2BA, 1400 SqFoot, sold for $550K.

I don't know how a price of $650K is justified.

Also, a very big deficiency of 50 Bellevue: can not have in unit washer dryer. The building has coin-operated laundry, which makes you feel like you are living in a dorm room.
... more
0 votes 3 answers Share Flag
Tue Nov 4, 2014
Matt Laricy answered:
Go to greaterschools.org This will give you a good idea of whats out there.
0 votes 3 answers Share Flag
Thu Oct 30, 2014
Scott Newman answered:
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 3 answers Share Flag
Thu Oct 16, 2014
Howie Andron answered:
There is a listing on MLS that quotes $227 per month
0 votes 3 answers Share Flag
Sat Apr 19, 2014
Sara McMurray answered:
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 investments? Probably safe to say that, at today's rates, your cash will do better in real estate than in a bank's vaults. But if the monthly assessment and taxes is at or above your expected rental rates then no, it's not a good investment. As far as pros and cons, a hotel building will have fewer lenders available and will appeal to a different type of buyer. There's something for everyone - whether this is for you or not is a personal calculation. ... more
1 vote 1 answer Share Flag
Wed Mar 12, 2014
Mike Opyd answered:
The higher the floor the more valuable the unit. Use about $2K as a basis for each floor. So 9th floor would be $20K less than a 19th floor unit.
0 votes 5 answers Share Flag
Wed Mar 12, 2014
Mike Opyd answered:
Reach out to a few agents to interview and see who you feel would be the best fit for you. On average using an agent will net you more than selling it yourself.
0 votes 21 answers Share Flag
Sun Mar 9, 2014
Douglas Boehm answered:
Chris,

I am a real estate broker and I currently live in the 680 Lake Shore building. I know I am losing some of my view because of the buildings going up. It is also going to make the area a bit more busy and crowded.

Overall I do not think it will have much of an effect on prices.

Let me know if you have any specific questions that I may be able to answer.

Doug Boehm
dougb@bestchicagoproperties.com
... more
0 votes 6 answers Share Flag
Sun Mar 9, 2014
Michael Rosenblum answered:
What specifically would you like to know about the Lucien Legrange design building - 10 Delaware?
0 votes 9 answers Share Flag
Sat Mar 1, 2014
Nicholas Conteduca answered:
Every building is different, the way to figure it out from an appraiser stand point is this:

Find an IDENTICAL unit on a different floor and calculate the difference in price between the two.

There are many factors that would affect this though: The unit needs to have sold at the same time, similar condition, view, etc...., if it hasn't you would need to calculate how much it has increased or decreased since that time of sale.

It is very difficult to usually find an identical sale that sold similar to the one you are looking at, if you need help with this. Send me info on the building and I would gladly look into it for you.

This is not something that has a set dollar amount on, if anyone tells you that.... they are wrong.
... more
0 votes 3 answers Share Flag
Sat Feb 15, 2014
Bill J Deligiannis answered:
Have you found a home yet? If not, feel free to contact me.
0 votes 10 answers Share Flag
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