Chicago Real Estate, Chicago condos, Lakeview & Lincoln Park Condos in Chicago http://www.mrchicagorealestate.com A blog about Chicago Real Estate market. Fri, 10 Oct 2008 19:27:25 +0000 http://wordpress.org/?v=2.3 en Top Ten Reasons To Relocate To Chicago http://www.mrchicagorealestate.com/top-ten-reasons-to-relocate-to-chicago-36.html http://www.mrchicagorealestate.com/top-ten-reasons-to-relocate-to-chicago-36.html#comments Fri, 10 Oct 2008 19:23:51 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/top-ten-reasons-to-relocate-to-chicago-36.html Thinking about buying a Chicago condo or another piece of Chicago real estate? If you’re on the fence, check out these reasons that Chicago is amazing – they just might tip the scales in the Windy City’s favor.

1. The Energy – The world’s most interesting, cosmopolitan cities all have a unique energy and liveliness, and Chicago is no exception.

2. The History – Chicago has thousands of stories in its long history, and living here lets you become part of it all.

3. The Food – Chicago’s dining scene is world class, with options ranging from high end haute cuisine to great local diners and a stunning array of ethnic cuisines, and everything in between.

4. The Nightlife – Whether you are a fan of upscale lounges, trendy nightclubs, or just the cozy corner pub, there is something for everyone in Chicago.

5. The Neighborhoods – Chicago is a city of neighborhoods, and each one has a different flavor.

6. The Sports Teams – Although Chicago baseball was essentially a no-show this post season, there is no denying the fact that Chicago is a fantastic sports town with the Bears, the Bulls, the Cubs, the White Sox, the Blackhawks, and even the Chicago Fire (soccer).

7. The Culture – With the Art Institute, the Field Museum, and more, you could visit a different museum every weekend; there are also any number of festivals, concerts, and special events that you can attend.

8. The Weather – Yes, this is serious. Although the winters can be incredibly cold, the fact that Chicagoans experience the full four seasons is certainly a plus.

9. The Architecture – There is different unique building almost everywhere you look in Chicago, and of course there is that distinctive skyline.

10. The Shopping – From Michigan Avenue to hip neighborhood boutiques, you can find anything and everything in Chicago.


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]]> http://www.mrchicagorealestate.com/top-ten-reasons-to-relocate-to-chicago-36.html/feed Living Green: Chicago Real Estate That is Good For the Earth and Good for Your Finances http://www.mrchicagorealestate.com/living-green-chicago-real-estate-that-is-good-for-the-earth-and-good-for-your-finances-35.html http://www.mrchicagorealestate.com/living-green-chicago-real-estate-that-is-good-for-the-earth-and-good-for-your-finances-35.html#comments Thu, 02 Oct 2008 19:22:10 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/living-green-chicago-real-estate-that-is-good-for-the-earth-and-good-for-your-finances-35.html Living in an environmentally friendly building is easier than it ever has been in Chicago, and now, it’s cost effective. The environmental benefits begin as soon as the ground breaks for new construction - these buildings are created from sustainable, recycled, and low-toxicity materials. Even older buildings are picking up on the trend, incorporating rooftop gardens that purify our city’s air while giving their residents a nice green space to relax in.Furthermore, if you invest in one of Chicago’s many green developments, you’ll be saving yourself money while you save the planet (or at least the part of the planet that Chicago is located in). The way green buildings use energy-conserving structural elements and appliances lowers your utility bills while easing your conscience and reducing your carbon footprint. In addition, living in a green residence can also qualify you for tax breaks and special incentives from the government.

So where in Chicago can you live green and save greenbacks? The city’s most prominent green building is 340 on the Park, which is located on Randolph Street. The building is LEED certified, meaning the U.S. Green Building Council has approved its design; 340 was also ahead of its time since it was built in 2002, just before the green craze really picked up. In addition to its design features, the building takes part in the I-Go Car Sharing program, which aims to reduce the number of cars on the road and their corresponding emissions. Besides all the environmental benefits of purchasing a condo in this building, you’ll be able to enjoy the sheer aesthetic appeal of Millennium Park and Lake Michigan views that will never be blocked by new construction, since the building is located right on the edge of the park near the Lake.

Accompanying 340 on the Park in the green construction movement is the Eco18 building, an appropriately named twelve story condominium building in the South Loop. Also LEED certified, it boasts recycled construction materials, geothermal heating and cooling features, and an 11,250-square-foot rooftop garden. Both of these buildings, as well as other eco-friendly Chicago condos like the Parc Chestnut (849 North Franklin Street), Lexington Park (2138 South Indiana Avenue), the Green Armitage (3018 West Armitage Avenue), and 900 South Clark are Chicago real estate investments worth making.

]]> http://www.mrchicagorealestate.com/living-green-chicago-real-estate-that-is-good-for-the-earth-and-good-for-your-finances-35.html/feed Get Acquainted With Chicago Gold Coast Real Estate http://www.mrchicagorealestate.com/get-acquainted-with-chicago-gold-coast-real-estate-34.html http://www.mrchicagorealestate.com/get-acquainted-with-chicago-gold-coast-real-estate-34.html#comments Thu, 17 Jul 2008 21:39:18 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/get-acquainted-with-chicago-gold-coast-real-estate-34.html The best way to learn about the Gold Coast is… (more…)

]]> http://www.mrchicagorealestate.com/get-acquainted-with-chicago-gold-coast-real-estate-34.html/feed Comments From An Internet Client http://www.mrchicagorealestate.com/comments-from-an-internet-client-33.html http://www.mrchicagorealestate.com/comments-from-an-internet-client-33.html#comments Thu, 19 Jun 2008 16:36:32 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/comments-from-an-internet-client-33.html Working with Shelly was as rewarding an experience as moving into our first home.  As first-time buyers, we had heard all about how difficult and frustrating buying our first condo could be.  Thanks to Shelly, the experience was a blast.  At no point did we feel any pressure or discomfort.  In fact, the buying experience was fun and something we will cherish for a long time.  Shelly handled every aspect exceptionally.  He immediately understood what we were looking for and only showed us places we were comfortable with.  In the end, Shelly understood our needs better than we did.  He put us in a place that complemented our lifestyle and he is ultimately responsible for our happiness in our new condo.

We cannot stress enough the qualifications Shelly brings to the table.  He has incredible insight into the Chicago real-estate market.  Shelly went above and beyond in educating us on the current state of the market, buying nuances and re-sale issues.  We came away feeling secure in our investment given the current market environment and trends.  Moreover, we both feel comfortable discussing Chicago real-estate after the education Shelly imparted on us.

We strongly recommend Shelly to anyone in the Chicago real-estate market and look forward to the opportunity to work with him again.”

–The McIngvales
Check out Chicago Real Estate for the most comprhensive information that will help you when purchasing property in Chicago

]]> http://www.mrchicagorealestate.com/comments-from-an-internet-client-33.html/feed New Construction at 2520 Lakeview Is Backed By General Electric http://www.mrchicagorealestate.com/new-construction-at-2520-lakeview-is-backed-by-general-electric-32.html http://www.mrchicagorealestate.com/new-construction-at-2520-lakeview-is-backed-by-general-electric-32.html#comments Mon, 09 Jun 2008 20:48:21 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/new-construction-at-2520-lakeview-is-backed-by-general-electric-32.html If General Electric is putting their money behind a new construction project in Lincoln Park, you can pretty much bet this building is bound to be a winner.

The staff at General Electric is known for their expertise in analyizing and projecting how successful a real estate project will be and they are rarely wrong in their analysis. So when you have the GE Pension Trust providing equity plus being advised by General Electric’s Asset Management you have a team that is just awesome.

A number of years ago I worked for Heller Financial in Chicago and was fortunate to work with Norm Blake, Chiarman who  at the time and originally

]]> http://www.mrchicagorealestate.com/new-construction-at-2520-lakeview-is-backed-by-general-electric-32.html/feed The Ultimate In Chicago Real Estate Now Under Construction http://www.mrchicagorealestate.com/the-ultimate-in-chicago-real-estate-now-under-construction-30.html http://www.mrchicagorealestate.com/the-ultimate-in-chicago-real-estate-now-under-construction-30.html#comments Tue, 03 Jun 2008 17:52:12 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/the-ultimate-in-chicago-real-estate-now-under-construction-30.html With construction financing in place, construction for the Ritz-Carlton Residences is now underway. The 40 story Ritz-Carlton Residences will be located at 664 North Michigan Ave and if you pass the construction area you will notice that demolition has begun for what will be in my opinion, one the most exclusive buildings in the city.

The property is really quite unique as the historic facade of the Farwell Building will be preserved and incorporated into the building. The building will blend the best of the past with its classic design and state of the art functionality for the future thus providing for maximum resale value in the years to come.

Note, this building is not a hotel nor is it a condominium hotel but rather a relatively smaller condo building which will offer the most extensive array of customized services for you.  Just lift your phone and be connected to the world renownd concierge services associated with the Ritz-Carlton.

If you would like to see the ultimate in finishes and individual floor plans for the building, just call me at 312.264.5853 and I will set up an an appointment so that you can experience what is expected to be the ultimate in Chicago real estate.

]]> http://www.mrchicagorealestate.com/the-ultimate-in-chicago-real-estate-now-under-construction-30.html/feed New Construction Coming To Lakeview http://www.mrchicagorealestate.com/new-construction-coming-to-lakeview-28.html http://www.mrchicagorealestate.com/new-construction-coming-to-lakeview-28.html#comments Wed, 20 Feb 2008 21:14:17 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/new-construction-coming-to-lakeview-28.html Yes, a condo tower is being proposed for 2950 North Seridan Road and the developer, Forman Realty Corp which is a subsidary of Wirtz Corp. indicates the tower will contain 79 units and have parking for 192 cars.

The building is being designed by Papageorge/Hames and is to have one to three bedrooms with units ranging in size from 800 to 1,300 square feet. The prices for this new construction project has yet to be determined. Marketing for this project should start the beginning of the summer.

As I live just a block away from the project, I will certainly keep clients aware of the project’s progress and please let me know if you would like to see plans and prices for this development. Just email me at SSalnick@Rubloff.com and I will put you on a priority list. Note, Wirtz currently has approximately 24 rental apartment buildings and is known for having a “class” operation. I anticipate this development should be equally impressive.

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]]> http://www.mrchicagorealestate.com/new-construction-coming-to-lakeview-28.html/feed Increase The Value Of Your Chicago Real Estate With Some Help From The City http://www.mrchicagorealestate.com/increase-the-value-of-your-chicago-real-estate-with-some-help-from-the-city-27.html http://www.mrchicagorealestate.com/increase-the-value-of-your-chicago-real-estate-with-some-help-from-the-city-27.html#comments Sun, 03 Feb 2008 19:00:17 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/increase-the-value-of-your-chicago-real-estate-with-some-help-from-the-city-27.html When you drive down the streets of Chicago you will quickly notice the plantings on Michigan Ave and many other streets. The city is certainly turning into a a beautiful and great place to live.

And to keep the city in the forefront of what is happening for the environment, Mayor Daley is promoting green, especially green roofs. And you can participate and even possibly get a grant of up to $5,000 to do a garden roof. Check out the Center for Green Technology at 445 North Sacramento Blyd.

Keep in mind, green roofs offer insulation, allowing for better heating and cooling hence less overall expense for your building. And it is a great feature for three flats and six flats that that will differentiate your property from others and probably help increase the value of your property.

The most extensive list of Chicago real estate and condos for sale in the city.

]]> http://www.mrchicagorealestate.com/increase-the-value-of-your-chicago-real-estate-with-some-help-from-the-city-27.html/feed New Construction Property Report Requires Due Diligence http://www.mrchicagorealestate.com/new-construction-property-report-requires-due-diligence-26.html http://www.mrchicagorealestate.com/new-construction-property-report-requires-due-diligence-26.html#comments Fri, 25 Jan 2008 22:45:27 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/new-construction-property-report-requires-due-diligence-26.html When I work with clients who are buying new construction I advise them to read the property report given to them by the developer. In addition, I stress the need for an attorney, preferably someone who specializes in new construction, to review the document as well, before signing off on the contract.

It is important to understand that if you have not received the proerty report and signed for it, an attorney informed me that the contract is not binding. And before you do final sign-off of the contract, I recommend that you make sure you check for a discussion of the following items:

Are you able to sell the unit in the first year or are there certain limitations issued by the developer? Is parking deeded and if so, do you have to sell it to someone in the building? Also, make sure that if the parking is in a garage that there is a statement indicating the parking is covered. I have seen instances where the garage was open to the elements and yet was considered garage parking.

Although many people may consider lofts in a commercial building new construction, that is really not the case. For all intensive purposes it is really a rehab of an existing building. If this is the case, I highly recommend that you and your attorney check the property report very carefully to see what improvements have been made to the building and what work needs to be done in the future, especially whether new windows have been installed in the building.

Beware, there are many developers doing cosmetics to existing buildings and then reselling them to buyers and the buyer has no idea of what he/she is getting into. Also note, make sure you have enough time to go over all the documents, and remember, not to be pressured as an attorney can easily extend the grace period for attorney approval as long as the extension is in writing.

In summary, it is critical for you and your attorney to read the document carefully and it is to your advantage to obtain an attorney who either has experience with the dveloper or really is a new construction specialist who understands the nuances of new construction.

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]]> http://www.mrchicagorealestate.com/new-construction-property-report-requires-due-diligence-26.html/feed Lofts Just East of Michigan Avenue http://www.mrchicagorealestate.com/lofts-just-east-of-michigan-avenue-24.html http://www.mrchicagorealestate.com/lofts-just-east-of-michigan-avenue-24.html#comments Mon, 07 Jan 2008 21:05:21 +0000 Sheldon Salnick http://www.mrchicagorealestate.com/lofts-just-east-of-michigan-avenue-24.html I just came back from the Fairbanks at City Front Plaza, 240 East Illinois, which is virtually right around the corner from the Tribune Building. I was rather surprised to find that they have two lofts available for immediate occupancy.

I sold one loft at this development and if I must say so they are real cool and I anticipate that for future resale the lofts should do well given that there are few lofts as close to Michigan Ave as this development.

There are two left and the square footage is 1494 square feet. Both available units face south. If you are into lofts, I would check it out.

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