What Is a Mechanic’s Lien?

After weeks of searching with a real estate agent and going through the closing process with your attorney by your side, you’ve finally settled into your new Chicagoland home. Now, it’s time to transform the property, and add improvements until it’s truly the home of your dreams.  So, what happens if you pay for home improvements, but then find yourself unable to pay the contractors and professionals who worked on your project? Or, worse, what if //READ MORE

2019-09-30T16:08:28-05:00 October 8th, 2019|Community|

3 Things to Consider About Investment Properties in Chicago

A recent edition of the Home Purchase Sentiment Index from Fannie Mae found that consumer confidence in housing is remarkably high, with more Americans agreeing that right now is a great time to buy or sell a home, compared to the same period last year. Studies like this one are not unique. Throughout the years, there has been plenty of research done on housing, and many of these reports have served to reinforce the long-held notion //READ MORE

2019-09-10T08:26:38-05:00 September 12th, 2019|Community|

Want to Become a Chicago Landlord? Keep These 5 Things In Mind

Have you ever found yourself wandering down a Chicago street when you notice a large red “For Rent” sign and think: “Hey, I could do that”? Chicago is one of the nation’s most bustling rental markets. And while large, multi-unit apartment complexes are common, much of the area’s rental stock also comes from smaller buildings. According to recent research from the Institute for Housing Studies at DePaul University, for instance, 2-4 unit buildings comprise about 27 //READ MORE

2019-07-19T15:43:56-05:00 August 1st, 2019|Community|

Co-Ops Vs. Condominiums in Chicago

Across Chicagoland, mid-rise and high-rise buildings make up a large part of the area’s housing stock. Chicago is the city that birthed the skyscraper, after all, and people here have always placed a significant value on homes that allow you to live in the clouds. Among Chicago’s multi-family buildings, you’ll find two different types of ownership available. Broadly speaking, buyers in Chicago can explore two different types of community-based living – condominiums and cooperatives.  Commonly shortened //READ MORE

2019-07-08T14:09:52-05:00 July 16th, 2019|Community|

Purchasing a Condo in Chicago? Keep These 3 Things in Mind

Did you know that condominium buildings, as we know them today, really began flourishing in Chicago in the 1960s? As the Encyclopedia of Chicago explains, the Illinois Condominium Property Act authorized the construction of condos starting in 1963. This housing style – in which owners have exclusive ownership of an individual unit in a building, as well as common ownership of shared areas and amenities – quickly gained a lot of popularity for buyers and developers //READ MORE

2019-05-28T15:01:21-05:00 June 6th, 2019|Community|