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For the third year in a row, 2011 is on track for less than 600 sales of Downtown Chicago condos.

But even with more than 2,600 units still for sale at the beginning of August 2011, the inventory of unsold Downtown condos is slowly dropping. There are several developments that stood out from the rest of the pack... continue

Summer sales activity has been slow in Lincoln Park, one of Chicago’s most affluent neighborhoods.

June condo closings were the lowest in years and we recommend buyers to keep alert and monitor listings for sellers who can afford and have to sell. We think... continue

What Chicago neighborhood is home to more art galleries than any other outside of New York and has the second tallest condo high-rise in the city?

The answer is River North, and in this trendy, booming, neighborhood there are over 540 condos and town homes for sale in early August, 2011... continue

Is it possible to buy a condo in the second tallest residential luxury high-rise in Chicago for under $350,000?

It is at Trump Tower, where many of the furnished studio hotel condos are listed from the $340,000s and up. Buyers can still find resale residential condos on the market... continue
Today's Blog Update
How Chicago Condo Owners Can Get Tax Credits for Better Home Efficiency

Like other American homeowners, people who own Chicago condos can take advantage of tax credits offered by the federal government for specialty home improvements, such as making your residence more energy efficient. These credits are available for certain alternative energy upgrades and can significantly increase the amount of money a property owner saves. Previously available credits that allowed homeowners...

News You Can Use

Heating Your Chicago Condo Safely this Winter
The weather in Chicago, which until now, had been relatively mild, plummeted to below freezing last week. The sky opened up, unleashing a torrent of freezing snow, blanketing the city in white for the first time since last winter. Perhaps, it is finally time to declare the official onset of winter in the Windy City! And while temperatures haven’t exactly...

Chicago Condos for Residents with Special Needs
The state of Illinois will receive $15 million for a Home First Illinois initiative to take unoccupied Chicago condos and convert the units into residences for those with physical disabilities. This massive undertaking will enable Chicago-area residents with certain physical disabilities to live independently. Funding for the project comes from the capital program called Illinois Jobs Now! The program does...

Chicago’s Supply of Undeveloped, Buildable Lots Was High in 2011
Vacant, buildable lots are in high supply in Chicago. During a time when homebuyers are not as plentiful, this may cause concern. According to Houston-based housing data research firm Metrostudy, the number of vacant developed lots that are prepared for new Chicago-area homes has fallen to 51,250 in the 3rd quarter of 2011, which is less than a one percent...