Category ArchiveChicago Real Estate



chicago-condos & Chicago Real Estate pcherry on 06 Jul 2011

One East Delaware Apartments For Rent

July 6, 2011 - We havne’t talked a lot about Gold Coast Chicago condos for rent, so we thought we’d focus this post on One East Delaware. This units in this tower have been newly remodeled and feature floor-to-ceiling bay windows that frame city views, have updated kitchens and lots of closet space. There is a fitness center, 24 hour doorman, indoor parking and lower level retail that includes a gourmet grocer, Starbucks plus a salon and spa.

The One East Delaware apartments currently up for lease are listed below. Right now you can also get $100 off your first full month’s rent.

Studios
Unit #11A / 540 sq ft / $1,395 - $2,105 per month / Available 08/29/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #15A / 540 sq ft / $1,395 - $2,105 per month / Available 09/03/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #28A / 540 sq ft / $1,470 - $2,180 per month / Available 09/03/2011
Recently remodeled kitchen and bath plus private balcony.

Convertibles
Unit #32K / 700 sq ft / $1,725 - $2,215 per month / Available 07/08/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #31E / 700 sq ft / $1,750 - $2,510 per month / Available 08/17/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #26E / 700 sq ft / $1,675 - $2,305 / Available 08/24/2011
Recently remodeled kitchen and bath plus private balcony.

One Bedroom / One Bath
Unit #33H / 735 sq ft / $1,830 - $2,825 per month / Available 09/08/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #21D / 820 sq ft / $2,010 - $2,545 per month / Available Now
Recently remodeled kitchen and bath plus private balcony.

Unit #14J / 820 sq ft / $1,910 - $2,695 per month / Available 08/05/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #08D / 820 sq ft / $1,985 - $2,770 per month / Available 08/06/2011
Recently remodeled kitchen and bath.

Two Bedroom / Two Bath
Unit #23G / 1040 sq ft / $2,415 - $3,765 per month / Available 09/03/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #20B / 1040 sq ft / $2,495 - $3,980 per month / Available 09/07/2011
Recently remodeled kitchen and bath plus private balcony.

Unit #21B / 1040 sq ft / $2,530 - $3,750 per month / Available 09/27/2011
Recently remodeled kitchen and bath plus private balcony.

Be sure to check back with us tomorrow for the latest news about Chicago condos for rent.

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chicago-condos & Chicago Real Estate pcherry on 04 Jul 2011

Apartment Building Foreclosure Rate 15% In Some Neighborhoods

July 4, 2011 - One downside of rental Chicago real estate that isn’t talked about a lot is the potential for foreclosure. Tenants who have always been current on their rent can be blindsided when their apartment building goes into foreclosure. A new article in the Tribune highlights a report from the Lawyers’ Committee for Better Housing. It found that last year (2010) there were 5,904 forclosure filings against Chicago apartment buildings. That adds up to 17,467 apartments that were involved. Foreclosure filings against apartment buildings this year (2011) are down somewhat, but the report attributes that to the whole foreclosure fiasco, investigations and temporary halts of last year.

The report also found that most of the apartment buildings hit with foreclosure are on the West and South sides of Chicago. Those are the same areas that have the most single-family home foreclosures. Over 10% of rental units in 20 Chicago neighborhoods were hit with foreclosure in 2010. The neighborhoods of East Garfield Park and Avalon Park score higher with a 15% Chicago foreclosure rate last year.

Tomorrow we’ll go over some of the factors that could cause an apartment building to fall into foreclosure and what your rights are if the building you live in does go into foreclosure.

In the meantime, if you’re looking for a new home, there are still plenty of Chicago apartments for rent.

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chicago-condos & Chicago Real Estate & Chicago Homes pcherry on 02 Jul 2011

Coast Apartment Tower Going Up In Lakeshore East

July 2, 2011 - Chicago real estate developer Magellan has kept with their nautical theme when it comes to Lakeshore East towers and dubbed their new project the Coast. They have just broken ground on the 45 story high-rise and expect it to be completed and ready for occupancy in February 2013, according to a Tribune article.

The rental tower is located on 345 East Wacker Drive and will have 499 apartments, indoor parking for 272 cars, 18,000 square feet of retail space plus 18,000 square feet of amenity space both inside and outside. There will be a landscaped deck with outdoor pool, an indoor spa, a business center, media room and lounge.

The Coast tower is being financed by a $99 million construction loan from Northwestern Mutual Life Insurance Company along with an over $50 million investment from Magellan and their equity partner, JPMorgan Asset Management.

Developers are still building more Chicago apartments than market rate condos, and if the Coast apartments are as popular with renters as the units in the Tides, the Shoreham and Aqua, they will be a success.

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