New-Construction Update: 12/22/08

1838 W. Division

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

1838 W. Division, 1838 W. Division
9 of 9 available, 2 BR, $390K-$790K, Delivery Spring '10
Developed by ICON, Marketed by Prime Properties

1125 W. Farwell, Farwell at the Lake
12 of 16 available, 2 BR, $250K-$390K, Delivery NA
Developed by Loyola Vista, Marketed by Rubloff

207 E. 31st, Signature Residences
NA of 36 available, 1-3 BR, $150K-$380K, Delivery Now
Developed and Marketed by 31st & Indiana Development

1231 E. 46th, Lake Park Gateway II
8 of 8 available, 2-3 BR, $190K-$340K, Delivery NA
Developed by Stratagem, Marketed by Rubloff

1555 N. Talman, 1555 N. Talman
6 of 8 available, 2-3 BR, $480K-$770K, Delivery now
Developed by Shangri-La, Marketed by @properties

Previous New-Construction Updates

New-Construction Update: 12/15/08

118 N. Halsted

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

118 N. Halsted, 118 N. Halsted
9 of 9 available, 3 BR, $490K-$620K, Delivery March
Developed and Marketed by RMR Partners

150 W. Superior, Superior at Lasalle
15 of 54 available, 1-3 BR, $440K-$1.35M, Delivery now
Developed and Marketed by KBL/Affinity

1621 S. Carpenter, Chantico South
9 of 9 available, 1-3 BR, $190K-$440K, Delivery NA
Developed by Lipe Property, Marketed by Jameson

1135 W. Chicago, 1135 W. Chicago
6 of 6 available, 3 BR, $410K-$430K, Delivery Spring '09
Developed by NA, Marketed by Koenig & Strey

1937 W. Diversey, 1937 W. Diversey
8 of 24 available, 2 BR, $370K-$420K, Delivery now
Developed by NA, Marketed by Property Consultants

Previous New-Construction Updates

New-Construction Update: 12/8/08

1720 S. Michigan

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

1720 S. Michigan, 1720 S. Michigan
35 of 498 available, 1-3 BR, $190K-$450K, Delivery now
Developed and Marketed by CMK Companies

1358 W. Belmont, El Pacifico
6 of 6 available, 2-3 BR, $450K+, Delivery NA
Developed and Marketed by D'Aprile Realty

150 W. Roosevelt, Lofts at Roosevelt Collection
150 of 342 available, 1-2 BR, $300K-$650K, Delivery June '09
Developed and Marketed by Centrum Properties

3214 N. Southport, The Grande on Southport
5 of 6 available, 3-4 BR, $750K-$1M, Delivery March '09
Developed by JP Development, Marketed by @properties

550 N. St. Clair, 550 St. Clair
32 of 112 available, 1-3 BR, $310K-$880K, Delivery now
Developed and Marketed by Sutherland Pearsall

Previous New-Construction Updates

New-Construction Update: 12/1/08

Fountain View

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

2326 W. Giddings, Fountain View
11 of 18 available, 2-3 BR, $470K-$550K, Delivery now
Developed and Marketed by Terra Firma

1901 S. Calumet, Museum Park Place II
130 of 276 available, 1-3 BR, $250K-$600K, Delivery 2009
Developed and Marketed by Enterprise Companies

2609 W. Belmont, North River Court
36 of 46 available, 2-3 BR, $280K-$470K, Delivery Feb '09
Developed by MC/Gannett Capital, Marketed by Coldwell Banker

1470 W. Ohio, 1470 W. Ohio
3 of 3 available, 2-3 BR, $460K-$590K, Delivery now
Developed by NA, Marketed by Koenig & Strey

4150 N. Kenmore, Water Color Condos
14 of 23 available, 2-3 BR, $350K+, Delivery NA
Developed by Delphi Ventures, Marketed by @properties

Previous New-Construction Updates

New-Construction Update: 11/24/08

4616 N. Kenmore

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

4616 N. Kenmore, 4616 N. Kenmore
3 of 21 available, 1-2 BR, $270K-$320K, Delivery now
Developed by O'Flaherty Builders, Marketed by Sussex & Reilly

2130 W. North, 2130 North
4 of 12 available, 2-3 BR, $530K-$610K, Delivery now
Developed and Marketed by Prime Properties Realty

8 E. Randolph, Joffrey Tower
21 of 208 available, 1-2 BR, $290K-$520K, Delivery now
Developed and Marketed by Smithfield Properties

1349 S. Wabash, 1349 S. Wabash Private Residences
22 of 78 available, 0-3 BR, $180K-$470K, Delivery late '09
Developed and Marketed by Wabash Properties

1624 W. Division, Vision
22 of 33 available, 2-3 BR, $440K-$590K, Delivery '09
Developed and Marketed by RDM Development

Previous New-Construction Updates

New-Construction Update: 11/17/08

600 N . Lake Shore

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.


600 N. Lake Shore, 600 N. Lake Shore
45 of 400 available, 1-3 BR, $450K-$1.5M, Delivery now
Developed and Marketed by Belgravia Group

23 N. Aberdeen, CA23
12 of 48 available, 2-4 BR, $650K-$1.45M, Delivery Jan '09
Developed and Marketed by The Brixton Group

4024-26 W. Division, 4024-26 W. Division
NA of 12 available, 2 BR, $85K-$220K, Delivery now
Developed by NA, Marketed by Prudential Preferred

1927 N. Milwaukee, Baer Lofts
4 of 16 available, 1-2 BR, $290K-$550K, Delivery now
Developed and Marketed by Mike Vesole Group

1322 N. Clybourn, Clybourn Point
6 of 6 available, 3 BR, $540K+, Delivery NA
Developed and Marketed by RADA Development

Previous New-Construction Updates

New-Construction Update: 11/10/08

Urban Sandbox

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

1611-1627 N. Wolcott, Urban Sandbox
4 of 8 available, 3-4 BR, $690K-$1.2M, Delivery Spring '09
Developed and Marketed by Ranquist Development

4015 N. Milwaukee, Klee Plaza
20 of NA available, 1-2 BR, $170K-$320K, Delivery NA
Developed and Marketed by Six Corners

1850 N. Winnebago, Bucktown Point
12 of 15 available, 3 BR, $530K-$590K, Delivery now
Developed and Marketed by Paramount Homes

3400 N. Greenview, Roscoeview
4 of 18 available, 1 BR, $230K-$250K, Delivery now
Developed and Marketed by JAB Real Estate

1635 W. Cortland, Cortland Tower
5 of 8 available, 2-3 BR, $410K-$670K, Delivery now
Developed by NA, Marketed by Century 21

Previous New-Construction Updates

New-Construction Update: 11/3/08

Silver Tower

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

303 W. Ohio, Silver Tower
56 of 225 available, 1-3 BR, $290K-$790K, Delivery Spring '09
Developed and Marketed by Stonegate Development

5430 N. Sheridan, 5430 Sheridan
6 of 48 available, 2-3 BR, $340K-$460K, Delivery now
Developed by Bluewater Companies, Marketed by Lippitz

2301-2315 S. Michigan, Motor Row Lofts
27 of 94 available, 1-3 BR, $230K-$650K, Delivery now
Developed by City Real Estate, Marketed by @properties

6 N. May, 6 N. May
3 of 16 available, 2 BR, $360K-$410K, Delivery now
Developed by NA, Marketed by @properties

3641 N. Elston, Elston Timber Lofts
7 of 25 available, 2 BR, $260K-$300K, Delivery now
Developed and Marketed by Blue State Properties

Previous New-Construction Updates

New-Construction Update: 10/27/08

2353 W. Belden

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

2353 W. Belden, 2353 W. Belden
5 of 5 available, 3 BR, $450K-$540K, Delivery Nov.
Developed by NA, Marketed by Jameson

310 S. Michigan, Metropolitan Tower
21 of 244 available, 1-3 BR, $390K-$1.04M, Delivery now
Developed by Metropolitan Properties, Marketed by Equity

1935 S. Wabash, Terrazio
NA of 180 available, 1-3 BR, $190K-$410K, Delivery Summer '09
Developed & Marketed by Sedgwick Properties

2105 W. Concord, 2105 W. Concord
2 of 7 available, 2 BR, $490K-$540K, Delivery now
Developed by Stillpoint, Marketed by Jameson

4814-4846 N. Clark, Kinetic Lofts at Rainbo Village
14 of 127 available, 1-2 BR, $220K-$420, Delivery NA
Developed by Metropolitan, Marketed by Jameson

Previous New-Construction Updates

New-Construction Update: 10/20/08

1250 Paulina

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

1250 Paulina, 1250 N. Paulina
3 of 6 available, 3 BR, $590K-$630K, Delivery now
Developed and Marketed by Lipe Property

456 W. Briar, Briar by the Park
4 of 4 available, 3-5 BR, $690K-$970K, Delivery NA
Developed by Chicago Graystone, Marketed by Jameson

946-950 W. Cullerton, Cullerton Corners
4 of 7 available, 2-3 BR, $310K-$410K, Delivery now
Developed by TRC Holdings and Kedzior Development
Marketed by Real Living Helios Realty

3844 N. Ashland, The Ashby
5 of 18 available, 2 BR, $410K-$460K, Delivery now
Developed & Marketed by JAB Real Estate

2065 N. Kedzie, Kedzie Square
17 of 28 available, 1-3 BR, $220K-$400K+, Delivery now
Developed by Brighton, Marketed by @properties

Previous New-Construction Updates

New-Construction Update: 10/13/08

Museum Park Place II

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

1901 S. Calumet, Museum Park Place II
135 of 276 available, 1-3 BR, $250K-$860K, Delivery Spring '09
Developed by Enterprise, Marketed by Coldwell Banker

1615 S. Miller, Miller Place
3 of 6 available, 2 BR, $340K-$350K, Delivery now
Developed by re Chicago Group, Marketed by @properties

60 E. Monroe, Legacy at Millennium Park
48 of 356 available, 1-3 BR, $460K-$2.6M, Delivery Fall '09
Developed & Marketed by Mesa Development

3133 N. Lakewood, 3133 N. Lakewood
18 of 25 available, 1-4 BR, $280K-$680K, Delivery NA
Developed & Marketed by The Macon Group

860 W. Blackhawk, SoNo
124 of 275 available, 1-3 BR, $290K-$590K, Delivery Nov '08
Developed & Marketed by Smithfield Properties

Previous New-Construction Updates

New-Construction Update: 10/6/08

Sheridan Tower

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

2930 N. Sheridan, Sheridan Tower
110 of 252 available, 1-2 BR, $238K-$320K, Delivery now
Developed by Kroupa Development, Marketed by @properties

437 W. Division, The Hudson
33 of 162 available, 1-2 BR, $340K-$590K, Delivery now
Developed & Marketed by Parkside Associates

5301 W. Washington, Washington Court
NA of 24 available, 2-3 BR, $130K-$180K, Delivery now
Developed & Marketed by @properties

2 W. Delaware, Walton on the Park
NA of 198 available, 1-3 BR, $550K-$1.5M, Delivery Summer '10
Developed by Enterprise; Marketed by Coldwell Banker

2300 S. Michigan, Motor Row Lofts
52 of 52 available, 1-3 BR, $270K-$650K, Delivery NA
Developed & Marketed by Motor Row Development

Previous New-Construction Updates

New-Construction Update: 10/1/08

CA23

Each week, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

23 N. Aberdeen, CA23
19 of 48 available, 2-4 BR, $650K-$1.6M, Delivery Dec '08
Developed & Marketed by The Brixton Group

1440 S. Wabash, Coliseum Park
9 of 19 available, 1-3 BR, $290K-$475K, Delivery Dec '08
Developed & Marketed by Deva Development

11 E. Walton, The Elysian
65 of 236 available, 1-2 BR, $600K-$5M, Delivery '09
Developed & Marketed by Elysian Development

1222-1224 W. Madison, Mod
NA of 56 available, 1-2 BR, $280K-$490K, Delivery early '09
Developed & Marketed by Stillpoint

3000-3010 W. Cornelia, Cornelia Court
NA of 63 available, 2-4 BR, $470K+, Delivery now
Developed by NA; Marketed by Coldwell Banker

Previous New-Construction Updates

Area Profile: Rogers Park, 10th in Sales

The tenth in our weekly series of profiles of the 77 census areas that make up Chicago.

The statistics come from various sources, including the U.S. Census Bureau and the database of ChicagoCondosOnline.com, where you will find a more-comprehensive profile of every area, with a map showing the neighborhoods within each area.

Rogers Park (No. 10 in units sold, No. 31 in median sales price, 2007)

Boundaries: South: Devon; North: Howard; East: Lake Michigan; West: Ridge

Neighborhoods: Rogers Park

Appreciation (2/1/08): 1 yr: 2% (37th of 77 areas); 5 yrs: 40% (26th)

Demographics: College Graduate: 32% (18th of 77 areas); Professional: 34% (23rd); Median Income: $32,000 (55th)

Largest Condo: 1205 W. Sherwin (107 units)

Complete Profile, with map and schools

All Profiles To Date (Near North, Lakeview, West Town, Lincoln Park, Near West Side, Loop, Uptown, Near South Side, Edgewater)

New-Construction Update: 9/22/08

Broadway 3030

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

3030 N. Broadway, Broadway 3030
53 of 53 available, 1-3 BR, $310K-$1.3M, Delivery Sum '10
Developed & Marketed by JFJ Development

2105 W. Concord, 2105 W. Concord
2 of 7 available, 2-3 BR, $499K-$1.2M, Delivery now
Developed by Still Point; Marketed by Jameson

2401-2409 N. Clybourn, Clybourn Green
16 of 16 available, 1-2 BR, $190K-$330K, Delivery now
Developed by CG Development; Marketed by Koenig & Strey

1358-1366 W. Greenleaf, Grove at Greenleaf
3 of 44 available, 2 BR, $178K-$210K, Delivery now
Developed by NA; Marketed by Jameson

2741 N. Sheffield, Rotunda
8 of 8 available, 2-4 BR, $490K-$750K, Delivery Winter '08
Developed by NA; Marketed by Rubloff

Previous New-Construction Updates

Area Profile: Edgewater, 9 in Sales, 23 in Price

The ninth in our weekly series of profiles of the 77 census areas that make up Chicago.

The statistics come from various sources, including the U.S. Census Bureau and the database of ChicagoCondosOnline.com, where you will find a more-comprehensive profile of every area, with a map showing the neighborhoods within each area.

Edgewater (No. 9 in units sold, No. 23 in median sales price, 2007)

Boundaries: South: Foster; North: Devon, Sheridan ; East: Lake Michigan; West: Ravenswood

Neighborhoods: Andersonville, Edgewater

Appreciation (2/1/08): 1 yr: 2% (38th of 77 areas); 5 yrs: 37% (29th)

Demographics: College Graduate: 42% (11th of 77 areas); Professional: 43% (12th); Median Income: $36,000 (45th)

Largest Condos: 5415 N. Sheridan (744 units), 5701 N. Sheridan (541), 6033 N. Sheridan (499), 5445 N. Sheridan (466), 5455 N. Sheridan (465)

Complete Profile, with map and schools

All Profiles To Date (Near North, Lakeview, West Town, Lincoln Park, Near West Side, Loop, Uptown, Near South Side)

16,024 Proposed Condos in Downtown Pipeline

According to the Chicago Tribune, Appraisal Research Counselors, the firm that monitors condo developments in the heart of downtown Chicago (Cermak to North Avenue), has identified 16,024 condo units in the downtown development pipeline, including proposed units on the drawing board. By neighborhood, they are:

South Loop: 8,479 units
West Loop: 2,944
Near North: 1,096
Loop/Lakeshore East: 1,080
Streeterville: 1,000
River North: 885
Gold Coast: 540

Condo/townhouse for-sale inventory in the entire city of Chicago is 15,000 units--about an eight-month supply. ARC's Gail Lissner said that condo units in the downtown area numbered fewer than 50,000 in 1990, and number 98,000 today. By 2010, she predicts there will be 110,000.

How soon will the downtown market recover? Lissner looks at 2010. “We’ll see a record number of units completing construction in 2008 and 2009, and very little that will be completed in 2010, so we’ll be using up this excess inventory," she predicted.

Average Sales Price Increases in 13 Areas

Using data from MRED, the region's multiple listing service, Chicago magazine reports that 23 of Chicago's 77 census areas had 100 or more sales of attached homes (condos and townhouses) during the 12-month period between July 1, 2007 and June 30, 2008.

Of those 23 areas, 13 showed increases in average sales price during the July '07-June '08 period. In descending order of percentage increase, they are:
Loop 67%
Avondale 13%
Near North Side 9%
Douglas 9%
Near South Side 9%
Lincoln Park 8%
Lincoln Square 6%
West Town 5%
Lake View 5%
Near West Side 3%
Logan Square 2%
Albany Park 0.72%
Irving Park 0.44%

The 10 areas with lower prices were: Edgewater (-1%), Grand Boulevard (-4%), Hyde Park (-3%), Kenwood (-1%), North Center (-1%), Rogers Park (-5%), South Shore (-2%), Uptown (-1%), West Ridge (-3%) and Woodlawn (-10%).

As the article notes, "Average prices rose as several high-end projects began delivering condos contracted for as much as three years ago." This was especially true in the Loop, which is benefitting from the opening of Millennium Park.

New-Construction Update: 9/15/08

235 Van Buren

Every Monday, with help from our friends at YoChicago.com, we present vital data on five condos under construction.

To view Building Profile on ChicagoCondosOnline.com, click address. To visit developer’s Web site, click name. To use Chicago's best condo search engine to review in-depth profiles of 900+ new-construction properties and find the unit types that meet any combination of 100 preferences, click here.

235 W. Van Buren, 235 Van Buren
NA of 714 available, 1-3 BR, $190K-$550K, Delivery 2009
Developed & Marketed by CMK

1927 N. Milwaukee, Baer Lofts
6 of 16 available, 1-3 BR, $260K-$550K, Delivery now
Developed by Vesole Group; Marketed by @properties

678 N. Kingsbury, Park Kingsbury Lofts
27 of 27 available, 2-4 BR, $470K-$1.6M, Delivery 2009
Developed & Marketed by Cataldo/Marovitz

2326 W. Giddings, Fountain View
13 of 18 available, 2-3 BR, $430K-$550K, Delivery now
Developed by Terra Firma; Marketed by Koenig & Strey

2028 W. Division, 2028 W. Division
5 of 6 available, 3 BR, $620K-$770K, Delivery 2009
Developed by Ranquist; Marketed by RCR Realty

Previous New-Construction Updates

Bargain: County To Auction 3 Condos Sept. 23

Three condos will be sold to the highest bidders by the county on September 23. They are:

Unit 2C, 3421 W. Hollywood, 1BR/1BA, appraised at $120,000
Unit 3C, 5901 N. Sheridan, 1 BR/1BA, appraised at $155,000
Unit 5905, 505 N. Lake Shore, 1BR/1BA, with deeded indoor parking, appraised at $460,000. [Update: This unit and parking space sold for $418,000, 9 percent below appraised value.]

Viewing dates are Sunday, 9 a.m. to 11 a.m. for the Hollywood condo, and Saturday, 9 a.m. to 11 a.m. for the other two.

The auction will take place at 10 a.m., Tuesday, September 23, in Room 569 of the County Building, 118 N. Clark.

For details, contact the Real Estate Department at the Office of the Public Administrator at (312) 603-0100 or visit cookcountygov.com.