Inventory Intel
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.
The residences are located on the 800 block of North Homan Avenue in Chicago’s Humboldt Park neighborhood.
The sales price represents the highest price per unit ever recorded for an apartment property of at least six units in Frankfort.
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.
The top six floors of the 10-story building at 111 W. Illinois St. will be converted into 153 market-rate apartments.
With the additions, Roosevelt Square has opened almost 900 of 2,000 planned mixed-income apartments since work began in 2006.
Driven primarily by the construction boom during the pandemic, the housing market has seen some improvements in affordability, but homes remain out of reach for many would-be buyers.
The fifth and final phase of Parkside at Old Town will add 99 market-rate and affordable apartments to the community.
More sellers are putting their homes on the market as mortgage rates fall significantly for the first time in two years.
If it sells for close to the asking price, the sprawling family compound would be the most expensive residential sale in U.S. history.
The move comes despite a slowdown in the single-family rental market.
The brand will specialize in cottage-style homes with private backyards.
The properties are part of a 42-community portfolio belonging to Philadelphia-based landlord Resource REIT Inc.
The increase was driven by a 21.6% month-over-month spike in the rate of new multifamily construction. Single-family housing starts, meanwhile, slid 2.8%.
Month over month, home sales were down 3.5%, and the median sale price declined 1.2% to $335,000.
Areas hit hard by the pandemic could see a wave of zombie properties once the federal ban on foreclosures expires.