Old Town a Sought-After Neighborhood for Chicago Real Estate

Despite its name, Chicago’s Old Town is anything but out of date.

North of downtown Chicago and south of Lincoln Park, this charming neighborhood is a prime location for those looking for a Chicago home in the city that retains a residential feel. Old Town holds onto the vintage vibe created by its history (some real estate buildings date back to the Chicago fires) but remains hip with boutique shopping, trendy restaurants and its close location to Michigan Avenue, North Avenue beach and the Lincoln Park Zoo. Continue reading

Chicago's Lincoln Park Not Immune to Recession, But Remains Hopeful

Lincoln Park: one of Chicago’s best neighborhoods. Many flock to this community because of its restaurants, parks, shopping, nightlife, entertainment—and booming Chicago real estate market. Yet as Fox Chicago’s Mark Saxenmeyer reported last Thursday, this high-end neighborhood isn’t immune to recession.

Although the troubles facing Lincoln Park aren’t as bad as the rest of the city, the community has experienced its fair share of closed businesses and foreclosures. And according to Rubloff‘s Doug Fox, many Lincoln Park residents are even selling their homes for less than they owe because they’ve lost their jobs and are desperate. According to Saxenmeyer, condo sales have dropped 3 percent since 2008.

But many Lincoln Park-ers are looking on the bright side. Single-family home prices rose 5 percent since 2008. The recession has also kept rent prices down, a benefit to many local businesses. Chicago’s famed Goose Island Brewery at 1800 N. Clybourn Ave. was scheduled to shut down because of increasing rents, however because of the recession the pub was able to renegotiate the price with the landlord.

Others, such as Ald. Scott Waugespack, see the recession as an opportunity for good urban planning, business growth and development. As Saxenmeyer’s piece points out, long-time business A. Finkl & Sons Co., a steel factory in West Lincoln Park, is set to close next year. The factory is located on 22 acres of prime Chicago real estate. Waugespack says he would like to see it turned into a location for alternative technologies such as solar and wind power. He states that this idea is both eco-friendly and would create more jobs for the community.

Despite Lincoln Park‘s more recent hardships, it still remains one of Chicago’s most vibrant neighborhoods. And in the end, these trying times will only improve Lincoln Park for the better.

To watch Saxenmeyer’s story, and Rubloff’s own Doug Fox, see the video below. Or, to learn more about Lincoln Park, contact Chicago real estate agent Sheldon Salnick at 312-264-5853 or ssalnick@dreamtown.com.

Live Big: Chicago Luxury Homes With Impressive Living Space

If you’re looking at luxury Chicago homes for sale, why not go big? There’s a lot of Chicago real estate with large square footage, so you can spread out and have all the room you’ve ever wanted.All of the luxury Chicago homes listed below have at least 4 bedrooms. Many have libraries and media rooms as well. These luxury Chicago condos all provide the ultimate in luxury: on-site gyms and spas so you can be pampered any time you want.

Gold Coast                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     11 E. Walton
3,972 sq. ft.

Have your choice of luxury Chicago real estate on either the 33rd or the 49th floor. This is brand new construction designed by the noted architect Lucien LaGrange and is above the exciting, ultra-luxurious Elysian Hotel. If it’s expansive views that you want, you cannot beat the 180-degree lookouts of these units. Each has two terraces plus 10-ft. ceilings. You can enjoy all of the hotel amenities, including an indoor pool, concierge services and deluxe spa.

1003 N. Dearborn Street
6,228 sq. ft.

Be among the first to live in one of the largest luxury Chicago homes in the city: These town homes are brand new. Located in Chicago’s prime Gold Coast neighborhood, this contemporary town home has four levels, Poggenpohl kitchens, custom wood flooring, stone baths and attached 2-car garage parking.

57 E. Delaware
4,700 sq. ft.

Live in a penthouse that takes up half of the floor with unobstructed north/east/west/south views of Lake Michigan and the city skyline. The ceiling to floor windows in this unit let you feast your eyes on the panoramic views. This prime piece of Chicago real estate has recently been gutted and completely renovated, with a state-of-the-art kitchen.

1550 N. State Parkway
6,000 sq. ft.
This elegant historical Benjamin Marshall building allows you to enjoy the view of the park and the Cardinal mansion. This piece of Chicago real estate is a duplex, which is unique in this type of building. The building is certainly out of the ordinary: It has panache and the understated architectural grandeur of another era.

Streeterville                                                                                                                                                                                                                              400 N. Lake Shore Drive
4,138 sq. ft. on the 23rd floor

4,748 sq. ft. on the 11th floor feet
Anticipated to be the most elegant and iconic building in Chicago, the Chicago Spire is designed by the famous architect Santiago Calatrava. Architectural details on the interior will be as exceptional and intricate as those on the exterior.

180 Pearson
5,508 sq. ft.

In the Water Tower residences, there’s an exciting duplex on the northeast corner of the building. This home has superb views of the lake, the city skyline and Navy Pier. And, as in any great luxury Chicago condos, you have access to the luxury amenities: In this case, the Ritz Carlton Hotel and the Carlton Club.

Cathedral Area                                                                                                                  25 E. Superior
4,974 sq. ft.

If you like penthouses, this townhome at the Fordham is all on one floor and you have the opportunity to have 6,200+ sq. ft. with 10- to 14-ft. ceilings of raw space to design as you choose, or a 7,000+ sq. ft. plus a 575 sq. ft. terrace. And private parking for 4 cars. Pure luxury.

Near North                                                                                                                    401 N. Wabash
4,029 sq. ft. on the 86th floor
6,850 square feet on the 87th floor
These luxury Chicago condos in the brand-new Trump Tower are one-of-a-kind: unprecedented lake, river and city views and extraordinary high ceilings. A luxury building that is sure to increase in value once it is totally occupied.

Lincoln Park
2520 N. Lakeview
4,891 and 5,129 and 5,131 sq. ft.

A variety of enormous spaces are available in this luxury Lincoln Park building. This is the ultimate new luxury Chicago real estate in Lincoln Park: It will have a 1.25-acre private park plus concierge, gym, spa, pool and private theatre. The building is designed by Lucien LaGrange on 3 acres in Lincoln Park with awesome views. These will be some of the few luxury Chicago condos in a neighborhood environment, right across from Lincoln park and the wonderful North Pond restaurant.

2355 North Commonwealth Ave.
5,000 sq. ft. Co-op

This is a real family home located in Lincoln Park, right near the Lincoln Park Zoo, Lake Michigan and plenty of shops. This exceptional piece of Chicago real estate is a full floor with gracious, oversized rooms.

2430 N. Lakeview
5,600 sq. ft. Co-op

There are two exceptional duplexes in this collection of luxury Chicago homes for sale, directly across from Lincoln Park. One on the 5th floor and another on the 11th floor.

2450 N. Lakeview
8,000 sq. ft. Co-op

Another elegant vintage building that’s been restored to luxurious, modern specifications. The square footage takes up the entire floor of the building and this space is larger than most single family homes in the city. If you live in this piece of Chicago real estate, you’ll be directly across from Lincoln Park.

For floor plans or price information for any of these properties, please inquire at 312.264.5853.

Lincoln Park 2520 Will Be Chicago Real Estate At Its Best

One of the most anticipated projects in the world of Chicago condos, Lincoln Park 2520 will likely be completed in 2011, according to a recent article in Inside Lincoln Park. The Lincoln Park real estate property, which consists of three towers of 40, 30 and 21 stories respectively, has all the qualities most people look for in a Chicago luxury home:

A great neighborhood. The views are of lush Lincoln Park itself with its idyllic North Pond, Lake Michigan, the marina, the skyline of downtown Chicago and the tree-lined streets of the pristine historic neighborhood itself. Residents of these Chicago condos will be surrounded by the scenic park, acclaimed restaurants such as North Pond, one of the best organic farmers’ markets in the country — the Green City Market, the world-class Lincoln Park Zoo, and shopping just blocks away.

World-class architecture. If you’re going to live in one of the most architecturally significant cities in the world, your Chicago luxury home should fit right in with the landscape — and Lincoln Park 2520 does. The architect is Lucien Lagrange, who has already made his mark on the skyline with Chicago luxury condos featuring glassy facades and striking geometric patterns. The master’s work will be visible both inside and out, from the intricate balcony railings to the stonework.

A variety of living options. Though Lincoln Park 2520 is set to have 306 Chicago luxury condos and 12 town homes, it’s likely that there will only be between 220 and 250 actual units in the three buildings, according to the Inside Lincoln Park article, since buyers will have the option of combining units to create their ideal luxury living situation.

Terrific amenities. Fitness room, pool, spa, media room, rooftop gardens for some of the upper units, and private park, to name a few. The dining rooms in some of these Chicago homes for sale can accommodate up to 16 people.