Chitownproperty

Large one bedroom in Lincoln Park

Price: $247,500 + 22K parking
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Intimate elevator building in awesome Lincoln Park location! This corner, 2nd floor, large one bedroom unit shows beautifully. It includes a kitchen with granite counters and maple cabinets, a separate dining area, huge living space and hardwood floors throughout. In addition, it boasts in-unit washer/dryer, large closets, custom paint and a wood burning fireplace with granite surround. Heat is included in your monthly assessments. The building has an awesome new roof top deck with panoramic views of the city, common grills and furniture as well as a bike room and extra storage.

Since both the sales and mortgage markets have tightened at the same time, buyers can now take advantage of different incentives offered by developers. Some developers eager to sell new units are offering buy-downs, or paying to lower a buyer’s interest rate by a few points, to entice buyers who may be having trouble [...]

Two bedroom recent rehab

Price: $225,000
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High first floor beautifully renovated light filled condo steps from the lake. This gorgeous home has tall ceilings with crown molding and hardwood floors throughout. The stunning eat-in kitchen is finished with maple cabinets, granite countertops and stainless steel appliances. In addition to the sun-filled living room with gas fireplace, there is a huge dining room off the kitchen. The second bedroom is next to the living room and opens up with French doors (perfect den/office), leads to cute balcony facing lovely tree-lined street. Extra storage included & rental parking options make this home a true gem!

The recent downturn in the local condo market has opened up new opportunities for first-time buyers, the Tribune says. Some owners anxious to sell in today’s tough market are more willing to negotiate, and developers are throwing in more amenities as part of the base price to entice purchasers.

With the current environment of stagnant or even falling home prices, coupled with a tightening of the mortgage market, buying a home can seem like a risky proposition right now. But it carries the same risk it always has, provided you are realistic about what you can afford, says a marketing professor in this [...]

Once seen as a relatively easy way for buyers to stretch their resources and purchase homes they wouldn’t normally have been able to afford with a conventional mortgage, adjustable rate mortgages have quickly fallen out of favor. A general tightening of the credit market and jitters about home values have caused increasing numbers of [...]