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This Week in Chicago Real Estate: hotel conversions and the Clybourn Corridor

by Peter Thomas Ricci

guyon-hotel-chicago

This week provided plenty of interesting stories for the real estate news desk:

•The Guyon Hotel in West Garfield Park, long a fixture for it unique, ornate architecture, is on the market for $500,000 for an apartment conversion.

•Two prime spots along Lincoln Park’s bustling Clybourn Corridor could be hitting the market.

•Mortgage rates hit their highest mark in four months…even as they remain at record lows.

•What to do with all the first-time buyers poised to enter the market? The folks at realtor.com have some suggestions.

•Vancouver has implemented a real estate tax to dissuade foreign purchases, and some media outlets are cheering the new demand for nearby U.S. cities…although analysis of Vancouver’s market shows we should not really be celebrating.


Photo Credit: Andrew Jameson, Creative Commons Attribution-Share Alike 3.0 Unported, https://commons.wikimedia.org/wiki/File:Guyon_Hotel_Chicago_IL.jpg

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