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Real estate news in Chicago

Banner Real Estate Group breaks ground on The Faywell multifamily community in downtown Wheaton

Banner Real Estate Group broke ground on The Faywell, a 334-unit multifamily community in downtown Wheaton, after nearly five years of development.

Kayne Anderson Real Estate and JDL Development acquire Lincoln Yards North, rebrand as Foundry Park

Kayne Anderson Real Estate and JDL Development have acquired the development site at 2001 North Southport Ave. — also known as Lincoln Yards North — to be rebranded as the Foundry Park residential community.  

First modular homes under Cook County pilot homeownership program completed 

The residences are located on the 800 block of North Homan Avenue in Chicago’s Humboldt Park neighborhood.

Kari Wilson

“Be consistent, work hard, be kind, and stay humble.” — Kari Wilson, Team Leader, Real Broker, Naperville and Bartlett

NAR advocacy effort starts with Chicago REALTORS®

2025 REALTOR® Party Director Zeke Morris says the association’s lobbying efforts begin at the local level.

Chicago Housing Scorecard: Starts and inventory continue to rise

Chicago’s housing inventory continues to rise, thanks in part to a boost in new-home construction in the market.

MRED partners with Iowa-based Quad City Area REALTORS® 

MRED’s MLS network now comprises 16 Realtor associations. 

Matthew Fuhrman

“Build a relationship with a mentor. Be proactive, listen and learn.” — Matthew Fuhrman, Licensed Real Estate Broker, eXp Realty Chicago and eXp Realty Southwest Florida

Baird & Warner acquires Dream Town

Baird & Warner has acquired Dream Town, which will now represent a combined entity of almost 3,000 agents, loan officers and staff.

Frankfort multifamily community sells for $1.6 million 

The sales price represents the highest price per unit ever recorded for an apartment property of at least six units in Frankfort. 

Case-Shiller: Chicago home-price growth slows in April, tracking ‘healthier, more sustainable’ national trend 

The pace of home-price appreciation slowed to its most modest pace since 2023, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

Illinois REALTORS®: Home sales slow again in May while prices continue to rise 

Inventory was up statewide and in Chicagoland but down within city limits. 

Chicagoland’s suburban median home prices rise to $420K in May

Chicagoland’s suburban median price for attached homes rose 5% in May, reaching $420,000 — up from $400,000 a year ago, according to data from Mainstreet REALTORS®.

@properties Christie’s International names new VP for Winnetka 

The new executive, Kelly Maggio, takes over from Managing Broker Tom Downing, who has taken on a broader role. 

NAHREP names Illinois’ top Latino real estate agents by transactions 

The agents were ranked in the association’s annual Top 250 Latino Agents Report. 

1Fifteen at Michigan Station mixed-use development coming to Roseland

1Fifteen at Michigan Station, a $48.3 million mixed-use housing development, is set to transform a key corner in Chicago’s Roseland neighborhood, the city announced.

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