Category ArchiveChicago Homes

chicago-condos & Chicago Real Estate & Chicago Homes pcherry on 04 Jun 2011

Up To $2,000 Off First Full Month’s Rent At The Chicagoan

June 4, 2011 - The Chicagoan, located on 750 North Rush Street, is offering leasing incentives like so many other rental Chicago real estate developments. Right now they are advertising as much as $2,000 off your first full month’s rent on select apartments. This offer is good on new twelve monthleases signed through June 30th, 2011.

The finishes and features of the apartments at the Chicagoan include central air conditioning, cable-ready hook-ups in the rooms and window treatments. The kitchens are an eat-in layout with a range, microwave and dishwasher. Baths have a tub and shower combined.

Building amenities include a 24 hour doorman, fitness center, business center, 8,000 square foot terrace that is landscaped and has a heated outdoor swimming pool and grilling area. Covered parking runs about $260 per month. Pets are also welcome at the Chicagoan.

A few of the available apartments are listed below.

Model CA / 640 Sq Ft / $1590 - $1783 Per Month

1BR / 1 Bath
Model 1A / 824 Sq Ft / $1720 - $2205 Per Month
Model 1B / 861 Sq Ft / $1870 - $2340

2BR / 1.5 Bath
Model 2C / 1,075 Sq Ft / $2985 - $3085 Per Month

2BR / 2 bath
Model 2A / 1,158 Sq Ft / $2465 - $3420 Per Month
Model 2B / 1,237 Sq Ft / $2735 - $3325 Per Month
Model 2D / 1,195 Sq Ft / $2635 Per Month
Model 2E / 1,159 Sq Ft / $3155 - $3420 Per Month

3BR / 2.5 Bath
Model 3A / 1,511 Sq Ft / $3650 - $3670 Per Month

3BR / 3 Bath
Model 3B / 1,813 Sq Ft / $5040 Per Month

With up to $2,000 off your first full month’s rent, the Chicagoan is worth checking into. As always, we’ll keep you posted about incentives offered at Chicago apartments.

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chicago-condos & Chicago Real Estate & Chicago Homes pcherry on 26 May 2011

EnV Apartments Up For Sale

May 26, 2011 - One of the newest rental Chicago real estate developments is already up for sale. EnV, the 29 story River North high-rise with 249 apartments, has been put on the market by the Lynd Company. Crain’s is reporting that some are estimating it could sell for as much as $125 million, which would be around $500,000 per unit. If that happens, it would make EnV one of the most expensive downtown apartment tower sales in Chicago history, according to the article.

Rents at EnV average $2.66 per square foot, or $2,420 per month, the report states. That makes apartments at this tower the fifth most costly to rent downtown, according to Appraisal Research Counselors. The tower is still filling up though, and was just 65.9% leased at the end of the first quarter of this year (2011).

The tower, which is located on 161 West Kinzie Street, may very well go for a record amount to the right investors. With rents on downtown Chicago apartments expected to rise 7% to 10% this year and occupancy rates at record highs, the rental market is one of the hottest investments around. More developers with apartment towers are being tempted to sell out and make a profit now. Condo developers are also opting to sell to investors who switch the units to rental as a quick way to pay off construction loans.

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chicago-condos & Chicago Real Estate & Chicago Homes pcherry on 23 May 2011

Lexington Homes Offers Guaranteed Leasing Assistance Program

May 23, 2011 - More Chicago real estate developers have been offering assistance to homeowners who want to purchase a new Chicago condo, rowhome or townhome but are having a hard time selling their current home. There are developers out there who offer to market a potential buyer’s house or condo if the homeowner signs a purchase agreement to buy a new condo. But even with professional help it sometimes takes a significant amount of time to sell. Now at least one developer is offering to lease a buyer’s home for them if they will purchase a new rowhome.

According to a recent press release, Lexington Homes is launching their program in partnership with Marketplace Homes. With this program, current homeowners who want to purchase one of the Lexington Square rowhomes in Bridgeport but can’t sell their existing home can get a “guaranteed lease” for up to six years. The homeowner will get a monthly payment even if the home isn’t leased yet. Utilities, repairs and any maintenance is taken care of by Marketplace Homes and if the company manages to sell the home then the owner will get 100% of the asking price, according to the press release.

The rowhomes at Lexington Square have three bedrooms, 2.5 baths, a rooftop deck, from 2,216 to 2,507 square feet and an attached two car garage. The three story rowhomes also come with a fenced front yard, balcony off the kitchen, hardwood floors, brushed nickel lighting fixtures, 42 inch maple cabinets, granite counter tops, GE stainless steel appliances and marble or granite vanity tops in the baths.

Prices for these rowhomes start in the $370,000s.

There are a lot of options out there if you’re looking for Chicago homes for rent and even a few new options for owners who want to rent or sell their Chicago home.

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