Want to Become a Chicago Landlord? Keep These 5 Things In Mind

Have you ever found yourself wandering down a Chicago street when you notice a large red “For Rent” sign and think: “Hey, I could do that”? Chicago is one of the nation’s most bustling rental markets. And while large, multi-unit apartment complexes are common, much of the area’s rental stock also comes from smaller buildings. According to recent research from the Institute for Housing Studies at DePaul University, for instance, 2-4 unit buildings comprise about 27 //READ MORE

2019-07-19T15:43:56+00:00 August 1st, 2019|Community|

Co-Ops Vs. Condominiums in Chicago

Across Chicagoland, mid-rise and high-rise buildings make up a large part of the area’s housing stock. Chicago is the city that birthed the skyscraper, after all, and people here have always placed a significant value on homes that allow you to live in the clouds. Among Chicago’s multi-family buildings, you’ll find two different types of ownership available. Broadly speaking, buyers in Chicago can explore two different types of community-based living – condominiums and cooperatives.  Commonly shortened //READ MORE

2019-07-08T14:09:52+00:00 July 16th, 2019|Community|

Purchasing a Condo in Chicago? Keep These 3 Things in Mind

Did you know that condominium buildings, as we know them today, really began flourishing in Chicago in the 1960s? As the Encyclopedia of Chicago explains, the Illinois Condominium Property Act authorized the construction of condos starting in 1963. This housing style – in which owners have exclusive ownership of an individual unit in a building, as well as common ownership of shared areas and amenities – quickly gained a lot of popularity for buyers and developers //READ MORE

2019-05-28T15:01:21+00:00 June 6th, 2019|Community|

For Sellers, What Happens at a Real Estate Closing?

Selling a home can be a bittersweet – and that makes finishing up the closing, the final step in the sales process, even more so! Of course, it’s all going to be different, for different sellers. In many cases, finally winding down contract negotiations and heading for that closing table is cause for celebration, since it means that you’re finally (home-)free. Once you’ve closed, you’ll have officially sold your house, freeing you up to move on //READ MORE

2019-03-08T13:25:27+00:00 March 19th, 2019|Community|

What Are Some Situations Where Real Estate Litigation May Be Necessary?

According to data from the National Association of REALTORS (NAR), there were about 5 million units of housing sold in December 2018, at a median price of $253,600. In November 2018, per NAR, there were about 1.25 million housing starts, and about 657,000 new home sales. Among existing homeowners? Per reports from CoreLogic, brought to our attention by Keeping Current Matters, the average homeowner gained roughly $16,200 in home equity between Q2 2017 and Q2 2018. //READ MORE

2019-02-18T14:52:42+00:00 February 28th, 2019|Community|