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Lincoln Park 2520: The Evolution of Elegance in Chicago

Lincoln Park 2520 may still be under construction on 3.25 acres of land at 2520 N. Lakeview, but it’s already shaping up to be the new standard in luxury living in Chicago. Designed by architect Lucien Lagrange, Lincoln Park 2520 offers amazing amenities inside and out of the 228 units spread across 39 floors. See photos here.
Buyers can choose from 50 different floor plans that range from one bedroom condominiums to four-bedroom units and full-floor penthouses. Due to the building’s angled position, it also offers exquisite views of not only …

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by Liz SanFilippo on June 9, 2011

New luxury development: Lincoln Park 2520

bedroom

Lincoln Park 2520 is luxurious city living at its best. This new development – located at 2520 N. Lakeview in Lincoln Park – is only steps away from the gorgeous Lake Michigan, even while offering a private sanctuary for residents. The green building will feature concierge service, as well as an oasis for residents that includes a full indoor pool, fitness center, spacious lounge, clubroom, meditation room, screening theater, and three levels of underground parking, just to name a few of the amazing amenities.
Outside of the building, residents can enjoy …

by Liz SanFilippo on June 7, 2011

Quick Monday: Chicago real estate round-up

Glut of foreclosures offer opportunity for buyers
[Chicago Now, Home Buying Institute,  Foreclosure News]
Nearly half of all mortgages in Chicago are underwater, according to Zillow. Chicago is also number five in the U.S. for the fastest falling home prices. These trends are all due to the rising amount of foreclosures on the market.
While this news isn’t the best for sellers, as it decreases overall real estate value, it is good for buyers, because it means that Illinois consumers can often get homes for 40% below the usual asking price, one of …

by Liz SanFilippo on June 6, 2011

Obama’s Ode to Chicago Architecture: The President Speaks at the Annual Pritzker Architecture Prize Event

President Obama spoke yesterday at the annual Pritzker Architecture Prize event, in Washington D.C. The president lightheartedly admitted in his speech that there was a time when he wanted to be an architect more than he wanted to be a politician. He also admitted that it was the city of Chicago that first piqued his interest in architecture:

“As the Pritzkers and so many others here can attest, if you love architecture there are few better places to live than in my hometown of Chicago. It is the birthplace of the …

by Lindsey Anderson on June 3, 2011

Many brokerages losing out on Web leads

It’s no secret that a successful business nowadays typically needs a strong presence on the Internet. Yet, the real estate industry is still behind on the times, losing out on way too many leads generated online, or so CMS Consulting and One Cavo recently reported.
In fact, brokerages are losing out on 75% of all web-based generated leads, according to the secret shopping study performed in 56 different independent and franchised firms across 19 states. It’s all about lead response time, One Cavo founder and President Bradley Miller says. With consumers increasingly using …

by Liz SanFilippo on June 2, 2011

Apartment rents now on the rise in suburbs too

For weeks, many involved in Chicago real estate have been talking about the cost of renting downtown skyrocketing to levels not seen since 2007. Now that trend is hitting the suburbs, too, proof that it’s increasingly becoming a buyer’s real estate market.
According to numbers released by Crain’s today, suburban landlords are benefiting from increased apartment demand as well as the ability to raise rents to exorbitant rates. As a part of this trend, landlords look like they’re not offering many concessions as they used to, like one-month free. The numbers don’t lie; …

by Liz SanFilippo on May 31, 2011
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