84 Unit Multifamily Property For Sale. Condo Quality Construction. All 2-Bed / 1-Bath Units with Dining Room. 90 Percent Updated Units. Tenant Paid Electric Baseboard Heating & HW. Very Well-Maintained / Long-Term Ownership.
by Randolph TaylorThe spread between owning and renting will weigh on single-family sales as the monthly mortgage payment for a median-priced home is now $339 more than the average monthly rent for an apartment, the highest spread since 2008
by Randolph TaylorBuying a home is getting more and more expensive, thanks to sharp increases in both prices and mortgage rates. That is juicing demand for apartment rentals and, in turn, pushing rents higher.
by Randolph TaylorThe average monthly net rent at top-tier apartment buildings in downtown Chicago rose 5.7 percent in the second quarter from a year earlier, but another construction wave will test the market in 2019 and 2020.
by Randolph TaylorApartment rents across the nation have soared over the past several years amid the expanding job market, the primary driver of demand for apartments, and a continued preference for renting over owning among some people.
by Randolph Taylor
The Downtown Chicago apartment market has had a banner start to 2018, with a record 2,300 net units leased in the first five months of the year.
by Randolph Taylor