Local News

Real estate news in Chicago

With the sale of 2 Prairie Ave. mansions, a residential revival

A pair of Near South Side mansions, located at 1801 and 1811 S. Prairie Ave., have sold for $3.9 million — and the transaction marks a new period for the historic structures.

Dream Town Real Estate launches new, solar-powered broker signs

Dream Town Real Estate has launched a new, solar-powered broker-branded sign system created in collaboration Lowen Sign Company, a national vendor.

Why this Logan Square listing is going viral

Zany listings are always popular online. The wilder, the better. Now, one wild house is going viral — and it’s right here at home in Logan Square.

The 606 is growing — slowly

Chicago’s Bloomingdale Trail, or the 606 as it’s known colloquially, is set to expand over Ashland Avenue and underneath the Kennedy Expressway, to connect with Elston Avenue.

Eventual residential progress at Cabrini-Green

Three new housing developments in are in the works at the former Cabrini-Green site, and the Chicago Housing Authority recently advanced plans for two of them.

Chicago’s adaptive reuse renaissance — in the planning stages

Looking ahead, Chicago is poised as a future leader for adaptive reuse. Trailing New York and Los Angeles, Chicago boasts the third-largest number of apartments expected to be converted over the next years: 3,519 units.

What’s happening at Lincoln Yards?

In 2019, the city approved the master plan for Lincoln Yards. Four years later though, the site is still — mostly — empty. Now, Sterling Bay is seeking new investors.

Attached home prices soar in the suburbs — thanks to baby boomers

Although detached home prices are holding steady, condo and other attached home values are on the up and up in Chicago’s suburbs, according to new data from the Mainstreet Organizations of REALTORS®.

Realist will return to MRED in the fall

MRED will bring back the popular public records database Realist.

Chicago home values reach new peak as inventory drought intensifies

As more owners continue to hang onto their houses, home values locally and across the nation have reached a new peak, but it comes at a cost.

Chicago’s share of luxury listings ranks in the top 15

Point2 compared the share of luxury listings across the 30 largest U.S. cities — and Chicago is among the top 15.

Lending a hand: How Wintrust’s Bill Katsoolias works with first-time homebuyers

When it comes to financing a new home, not everyone is ready for the first conversation. That’s what Bill Katsoolias has learned after nearly 30 years in the lending business.

Chicago Housing Trust trolley tour showcases attainably priced for-sale homes and condos

More than 100 potential homebuyers gathered to visit several affordable homes available through the Chicago Housing Trust.

An open dialogue at CAR’s DEI event

The Chicago Association of REALTORS® held its annual diversity, equity and inclusion event, the 360° Summit, on June 22 at Venue West.

Buyers are taking their time in the Chicago suburbs

Detached suburban home prices are mostly stable, but sales remain down and time on the market is increasing, indicating that Chicagoland homebuyers are taking their time, new data from the Mainstreet Organization of REALTORS® shows.

Chicago’s housing shortage cracks national top 10

Chicago’s job market is hot right now — further exacerbating the city’s housing shortage, according to new research from PortlandRealEstate.com.

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