Have Lincoln Park Rental Prices Peaked?

While its still winter in Chicago, I start receiving inquiries for clients looking to move to Lincoln Park this upcoming spring and summer after the New Year.  Over the last few years, there has been a substantial apartment building boom throughout Chicago (although less so in Lincoln Park).  I also constantly read stories and hear from our associates in the real estate business that clients are saying the following catch phrase a lot – “the rent is too damn high.”

So, I decided to take a look at just what apartment rents have looked like over time in the Lincoln Park neighborhood of Chicago.  I looked at over 10,000+ rental transactions in the neighborhood via our MLS historical data records since 2008.  Most of the data in the MLS is for individually owned condominiums in Lincoln Park, but given the large data set, it should be correlated with larger apartments buildings in the area as well. Continue reading “Have Lincoln Park Rental Prices Peaked?”

2550 N Lakeview Condo Prices Continued To Climb In 2017

2550 N Lakeview

As we start 2018, I was doing some cleaning and organizing and found an old price list for condos at 2550 N Lakeview from 2011 when the building was being sold as new construction – link to original price sheet.  Having  represented clients who have purchased in the building and assisting a client with an investment property in the building, I thought it would be a good idea to take a look at how the building did in 2017, as well as over the years since the first units were delivered in 2012.  Continue reading “2550 N Lakeview Condo Prices Continued To Climb In 2017”