Chicago Bungalows – Real Estate Update

Chicago Bungalows are a great value!

For the price of a near north condo, you can enjoy your own home, garage, garden, and front stoop.

These Chicago historic homes come in all shapes and sizes – and they’re a fantastic opportunity for home ownership.

2637 coyle - chicago bungalow for sale2637 W Coyle

$310,000

6220 maplewood interior

6220 N Maplewood

Take a tour of Chicago historic bungalows for sale by selecting this link*

Select this link to search Chicago Bungalows for sale TODAY on Chicago’s north side.

To make an appointment to see these or other historic Chicago properties,

contact Anne Rossley of Baird & Warner.

Taking Care of Your Chicago Bungalow

The Historic Chicago Bungalow Initiative is offering great workshops in the next 6 weeks!

Reserve your spot (at no cost!) for the following workshops:

March 26
Heating Systems 101
Jefferson Park Library
 
April 1
Basement Flooding
Avalon Library
 
April 6
Working with an Architect and Ask an Architect
Chicago Center for Green Technology
 
April 8
Navigating Property Tax Appeals
West Lawn Library

 

* This tour is available online until June 2013 – for an updated tour, please email Anne Rossley of Baird & Warner.

Seniors – April 16 National Healthcare Decision Day

Anne Rossley, SRES

Seniors  (those of you over 50) —

Please take a moment to consider National Healthcare Decisions Day on April 16. As your Senior Real Estate Specialist (SRES), I try to offer information and programs that are of interest to those of us who are in our 50’s, and those who are advising their elderly parents. This Health Directive Initiative is one of those programs worth considering.

What we Say is NOT What we DO

I was very surprised about the disconnect that exists between what people want and what they do about managing their own health care.

US News Money reports the following polling data about aging and health:

1. Although 60 % of people say making sure their family is not burdened by tough decisions is “extremely important,” 56 % have not communicated their end-of-life wishes

2. About 70 % of people say they prefer to die at home, but 70 % actually die in a hospital, nursing home, or long-term-care facility.

3. Roughly 80 % of people say that if seriously ill, they would want to talk to their doctor about end-of-life care, yet only 7 %  report having had an end-of-life conversation with their doctor.

4. Finally, 82 % of people say it’s important to put their wishes in writing, but only 23 % have actually done it.

Here are some forms and articles that seniors might like to review to make sure their loved ones know their wishes:

Conversation Starter Kit

Download a copy of the Conversation Starter Kit Here

It’s not easy to talk about the end of your life.  However, it’s one of the most important conversations you can have with your loved ones. Whether you’re a senior or young adult – it’s never to young to begin talking about this.

This Starter Kit will help you get your thoughts together and then have the conversation.

This isn’t about filling out Advance Directives or other medical forms. It’s about talking to your loved ones about what you or they want for end-of-life care.

Whether you’re getting ready to tell someone what you want, or you want to help someone else get ready to talk, we hope the Starter Kit will be a useful guide.

We want you to be the expert on your wishes and those of your loved ones. Not the doctors or nurses. Not the end-of-life experts. You.

Aging with Dignity’s Five Wishes

The Five Wishes Program makes putting your directives in writing a very simple matter. The following video explains how Five Wishes allows your loved ones to know how to make decisions on your behalf, should you become unable to speak for yourself.

As a Senior Real Estate Specialist, it’s my pleasure to make sure my clients are aware of this program.

Wishing you a Healthy and Happy 2013 and Beyond!

401 E Ontario – Chicago Condo Building of the Week

401 E Ontario is a terrific East Streeterville building, and I saw a terrific loft-like condo there last week that sold (twice) almost immediately.

The building was built in 1989, and 394 studios, 1,2, and 3 bedroom units are found on the 50 floors. It’s a full amenity building – get information on the amenities by selecting the links toward the bottom of this post.

It’s a gorgeous building in a fabulous location – views from units can be wonderful, however that wasn’t the point of this condo – it was the flexibility of space and high ceilings/windows that aren’t found in most Streeterville condos, combined with the beautiful finishes that make it a very special property.

This unit (note – it’s not my listing – I was representing the buyer) isn’t like most of the units in the building, but it enjoys the same amenities! My buyer passed on it, reluctantly, for personal reasons. We both loved it, though, and we aren’t surprised it was snapped up immediately.

Check out some of the photos here:

401 Ontario Streeterville condos

401 Ontario Streeterville condo for sale401 Ontario - Streeterville condos for sale

Lessons:

  • In this market, make sure you work with an agent who’s constantly on the prowl to find units that meet your needs.
  • Sign up for search alerts on agent websites so you have instant access to new listings the moment they become available.
  • Often, it’s not how much off the listing price that matters- it’s the value compared to other similar properties that have SOLD and how the property compares to your individual needs.
  • The appraisal must be high enough in price qualify for your loan, but that number isn’t derived from the listing price, either.

401 E Ontario Amenities:

Bike Storage
Club Room
Fitness Center, Sauna and Showers
June’s Dry Cleaning, Laundry and Package Service
Laundry Center
Other Retail Establishments In 401 East Ontario
Parking Garage
Storage Lockers
Sun Decks
Swimming Pool and Jacuzzi

Special Streeterville Condo Searches

Streeterville One Bedrooms for Sale – Select this link to find Streeterville 1 Bedrooms for sale TODAY!

Streeterville Two Bedrooms for Sale – Select this link to find Streeterville 2 Bedrooms for sale TODAY!

To have a special search created just for you, select this link and include your search parameters.

401 E Ontario Sales Analysis

Note:  some units include parking while others do not — check with your real estate agent or call Anne Rossley to get more information on sales at 401 E Ontario.
 
 UnitListedSoldSF$/SFDateMTBRBAEXP
ACTV2307$255,000800$318.7510/28/1213511N
ACTV2503$275,000800$343.752/10/133011N E
ACTV3206$277,900800$347.3811/10/1241611S
NEW303$375,0001200$312.503/4/13211N S
NEW1309$434,9001200$362.423/2/13722N E
PCHG3203$254,90002/28/134811
Pend4302$649,9001800$361.062/25/1314732S W
Pend3501$275,000900$305.562/17/131911N W
Pend4303$299,000775$385.812/24/132011N
CLSD2604$229,000$247,50002/13/124011S
CLSD2403$219,000$208,00004/23/12711N W
CLSD1108$245,000$259,000800$323.755/31/1217411S
CLSD2401$269,000$289,000875$330.296/1/1227611N W
CLSD2804$229,000$245,000800$306.256/14/125211S
CLSD601$235,000$241,250900$268.066/19/1231811N W
CLSD201$299,000$297,50007/9/124512N
CLSD4202$649,000$615,0001800$341.678/17/1216232N W
CLSD2603$239,000$255,000800$318.759/12/121611N E
CLSD606$230,000$230,000010/8/1215111S E W
CLSD710$205,000$220,000900$244.4410/19/125711E
CLSD1410$219,000$242,500010/30/127011E
CLSD506$200,000$199,000700$284.2911/19/1219311S E W
CLSD3201$274,500$267,000900$296.6712/20/12711N W
CLSD2505$245,000$245,000700$350.001/14/13311N
CLSD3404$279,000$267,000800$333.753/4/1317611S

 

Great Chicago 2-flats are hard to find!

Chicago 2 flats are harder to find than ever!

Right now, on Chicago’s near north side*, there are 25 2-flats for sale under $1 Million.

With the current low prices and low interest rates, buyers are coming out of the woodwork to invest in Chicago multi-units.

In the last 6 months, 121 of these properties have sold or gone under contract!

*** FLASH *** 

Lakeview Brick 2-flat will be listed next week at $550,000  —  contact Anne Rossley today for details!

The lowest priced building is 2428 W Winnemac, listed for sale today (3/18) at $375,000. It’s for sale “as is”, and if you select the picture or address below, you can see photos of the inside of the property.

2428 Winnemac 2 flat for sale

2428 W Winnemac

$375,000

4158 Claremont Chicago 2-flat

4158 N Claremont

$674,900

Claremont offers a 3 bedroom duplex owners unit plus a 2-bedroom rental in the Coonley District.

2130 W Cuyler Chicago

2130 W Cuyler

#899,000

2130 Cuyler includes a large duplex unit (4 bedrooms) and is located in the Coonley School District.

* 2 flats included in this list are found in  Lincoln Park, Lakeview, Lincoln Square and North Center Neighborhoods.

Search Properties

Select this link to view 2-4 flats in more Chicago neighborhoods

Anne has a brick 2-flat in Lakeview that will be listed soon at $550,000.

If you want to be among the first to see this property, email Anne today!

StatusAddress List PriceTRI $NOIBRs - 1BRs - 2
Active2841Ashland$459,00023
Active3122Western$460,00013
Active2542Pensacola$500,00032
Active1762Winnemac$550,00033
Active1940Cuyler$580,00023
Active2143Barry$595,00021
Active4037Kenmore$609,00023
Active3054Southport$625,000$41,04014
Active4158Claremont$674,900$42,600$39,04023
Pending2219Wellington$390,00024
Pending2436Belle Plaine$399,000$27,00022
Pending2418Cuyler$400,000$1,20022
Pending4317Wolcott$425,00022
Pending1752Barry$425,00022
Pending1912George$449,00032
Pending1742Roscoe$459,90024
Pending3834Racine$499,90033
Pending1454Wellington$529,90022
Pending1414Carmen$530,000$30,240$30,07033
Pending4621Hermitage$549,000$3,300$31,64333
Pending2821Burling$549,900$40,680$40,68022
Pending3806Oakley$559,90022
Pending3704Marshfield$599,00024
Pending3638Claremont$599,90022
Pending4039Kenmore$649,00032
Pending3820Hamilton$650,00033
Pending3723Marshfield$675,00033
Pending3803Oakley$699,90033
Pending3649Paulina$700,000$1,40033

Chicago Condos – Choosing the Right Building

Chicago Condos – when you buy one you’re buying the building as much as the unit.

Yes, you live IN the home, but you use the common areas, and you’re one of several owners who agree to abide by the condominium rules and regulations. The assessment you pay is controlled by the condo board (with a management company’s advice), so you are therefore not the only king of your castle.

chicago condos with indoor poolsCondominiums offer opportunities to

  • Share in building maintenance costs (roof, windows…),
  • Share in building amenities (pool, fitness, doorman…)
  • Obtain support in maintaining systems (plumbing, heat/air, hot water…)
  • Enjoy more free time, since you don’t have to do the maintenance, snow shoveling, etc…
  • Gain security and privacy (with doorman, valet parking…)
  • Enjoy easy access to services (often dry cleaners, mini-marts, package

Chicago Condo Lifestyle…

For those who work long hours, condominiums are a terrific choice.

After 12 hours at the office, you pull in to the building garage, thereby avoiding the sleet that’s raining down on the pedestrians outside. You’re greeted by a friendly doorman who makes sure you safely enter the building and elevator. You see the note which was tucked under your door, describing the leak that the building engineer fixed in your absence. You set down the package that the receiving room that came while you were away, then you open fresh hot soup, purchased in the building’s mini-mart. Click on the TV, whose cable was discounted in a building group-buy, and you gaze out at the restful twinkling city lights. Serenity in your sky-high crib!

Yes, it’s a nice picture.

HOWEVER… A Different Scenario Could Await You…

(Hear the Psycho theme song in the background?)… Eek Eek Eek Eek….

Potential pitfalls to look out for…

  • surprise special assessments ($10,000… $20,000 +) because the condo building didn’t have enough money in reserves to fix (roof, windows, facade, heat…)
  • too many investor-owners – making it difficult to a) get condo financing, b) spend for needed building improvements, c) keep elevators for passengers-the throng of tenants moving in/out can seem never-ending!
  • litigation against the building (condo owners)
  • too many condo owners in arrears for paying their assessments
  • rules and regulations that affect your sale – can you rent your unit out in case you lose your job? Can Fido move in?
  • Extra costs – do the pool/fitness area cost extra? How much to move in?

These are just some of the possible problems. Having an experienced real estate agent is an important part of making sure you enjoy the positive lifestyle described above.

When shopping for condos, keep this list of

10 Questions to Ask the Condo Board 

Download the list here

I always recommend that buyers learn the answers to the

Illinois 22.1 Questionnaire

BEFORE writing an offer.

Download a copy of the 22.1 Letter here:

Section 22.1 Letter for Chicago condos

Make sure you get the best help in finding the Chicago Condo that’s right for you —

both the BUILDING and the unit itself.

Call Anne Rossley of Baird & Warner today!

chicago real estate Anne Rossley Baird & Warner

 

 

Kitchen Renovation – Chicago Historic Homes

Kitchen renovation – it’s time for me to begin thinking of how I’m going to redo my kitchen.

Granted, it’s more of “making” a kitchen, since we currently live with one lower cabinet and assorted Metro shelving. There won’t be much to demolish!

I ran across this great guide by Houzz today — I’m going to start collecting ideas and visiting showrooms soon. This article has inspired me!

 

Our Foursquare is traditional 1908 – not exactly Craftsman – not MacIntosh –it’s considered “Transitional”, according to Thom Green of Greene & Proppe. Our highest priority is to make the kitchen as “historic” as the rest of the house, so it should include  traditional style – inset cabinets. We have to work within a 14 x 13′ space, so we’re limited in our options.

Cabinet Options

Wood-Mode

kitchens in chicago historic houses

 

The Southampton Kitchen with antique white stain looks more like a butler’s pantry – I’m a big fan of this one (forget the island – that’s NOT part of the look I’m going for!)

 

 

 

chicago historic home kitchen ideas

 

The Oak Park Cabinet is too stylized for us.

 

 

 

 

chicago historic properties kitchen renovations

 

I think the Craftsman kitchen is too stylized, too.

 

 

 

 

chicago historic homes-kitchen renovations

 

The traditional cabinet doesn’t look right, either.

 

 

 

Kennebec

Tom and I have been fans of this cabinet for a long time! We started our journey by touting the quartersawn cabinet, but I think it’s not “soft” enough for us.

chicago historic homes- kitchen renovations

These kitchens are just gorgeous!

 

 

 

 

chicago historic home-kennebec kitchen

 

 

 

The cherry cabinet just might be the way to go…

 

 

chicago historic homes - kitchen renovation ideas

 

 

I just love this Kennebec White Cabinet!

 

 

 

 

 

What’s your favorite historic kitchen renovation?

What cabinets are in your kitchen?

 

Best Places to Retire

retirement real estate- anne rossleyWhere are the best states for retirement?

As a Senior Real Estate Specialist (and over age 50), I’m always looking for recommendations on the best places to retire.

Find the best real estate agent in your future retirement localefind real estate agents in retirement locales

 

MoneyRates.com has published the following 10 states as the BEST for retirees:

Their criteria for choosing the best states for retirement?

  • Senior population growth – fastest growth in the 65+ age group, as measured by the federal census.
  • Economic conditions – cost of living, property taxes, and part-time work availability
  • Crime rate – violent and property crime rates
  • Climate – least variations from 68 degrees
  • Life expectancy – this includes quality of health care, environmental conditions, and other factors

10 Best States to Retire (2012)

1. Hawaii

More seniors over 65 than any other state, 2nd for consistently moderate temps, however, highest cost of living in the US.

2. Idaho

Low crime rate, good economy, 3rd in senior population growth.

3. Utah

Fast-growing senior population and good economy

4. Arizona

Life expectancy for 65-year-olds is third-highest in the nation and great weather, but higher crime rates.

5. Virginia

Low crime rate and high on every other criteria EXCEPT life expectancy.

6. Colorado

Fourth in senior population growth

7. (tie) Florida

First for climate and 2nd for life expectancy among seniors. The overall crime rate is among the highest in the nation.

7. (tie) New Mexico

Great climate but choose your location wisely-New Mexico’s overall crime rate is one of the 10 worst in the nation.

9. South Dakota

One of the highest average life expectancies in the nation, and the crime rate is also one of the lowest in the U.S.

10. (tie) California

Despite the state’s economic woes, the climate is spectacular and life expectancies are among the best in the nation.

10. (tie) Texas

 

Moneyrates.com also chose the WORST places to retire, and I’m chagrined to report that Illinois is among them.

I suppose it’s not a surprise – with the state of our economy, weather, and Chicago crime rates, I wouldn’t have expected us to be at the top.

I know, however, many friends and clients who have retirement homes here.

Maybe the answer is to find a way to enjoy a home in Chicago and a home in one of the top 10 states!

If you need a real estate agent in one of those states – call me! I have colleagues and resources all over the United States who can help you find your next great home!

Anne Rossley
Baird & Warner
773-620-5333

Walk Score – choosing a home that’s close to what you love

Walk Score is the new scale by which home buyers calculate the closeness of amenities to their potential new property.

The scale, ranging from 0 – 100, ranks how easily you can conduct your life on foot:

90 – 100  Walker’s Paradise – daily errands do not require a car

70 – 89    Very Walkable – most errands can be accomplished on foot

50 – 69    Somewhat Walkable – some amenities within walking distance

25 – 49    Car-dependent – a few amenities within walking distance

0 – 24      Car-dependent – almost all errands require a car

The site (select this link) can be accessed on its own, or within listings you find while searching online. Walk Score gives Chicago a 74 – “VERY WALKABLE” — making it the 4th best city nationwide for walking.

My home scores an 86 — most errands can be accomplished on foot. It’s not the highest score, obviously, but it made me ask the question –

Is it possible to have too high a Walk Score?

After a quick search, I decided that for some, the answer could definitely be YES.

161 E Chicago webMy office is located at 737 N Michigan Avenue. If you’re not familiar with Chicago, let me paint a picture…

  • The Nieman Marcus Building/Olympia Centre condominiums…
  • Entrance on Chicago Ave – across the street from the famous historic Water Tower of Chicago.
  • Walgreens is on the corner, chic dining and shopping are steps away, and Northwestern Hospital is on the next block.
  • The Museum of Contemporary Art is one block east.
  • Believe it or not, a track, softball field, and tennis courts are a block and a half!
  • And yes — Lake Michigan is a mere 3 blocks east of us.

Thanks to Zol87 on Flickr for the great photo!

 

Here’s the Google map – click on this link to see the Walk Score map:

 
View Larger Map

Yes- I could live in Olympia Centre or 777 N Michigan Avenue. I could brag about my 98 Walk Score, finding food, clothing, prescriptions, and anything I can imagine within a few yards of my doorman’s station.

When my kids are out of the house, and my arthritis makes cleaning this 3-story balloon-frame dustbowl more than I can bear, then trust me — I’m cashing in for the 98 walk score.

Dewey MBUntil then, though, I’ll keep my 86 Walk Score.  I’ll enjoy the Clark Street retail – Andersonville shops,  and Dewey and I’ll walk the Bryn Mawr/lakefront loop.

I enjoy the thrill of driving south on Lake Shore Drive with the city skyline beckoning me to my office.

winter park colorado skiing

Your walk score is a number – something to be considered but not coveted. My brother in Colorado wouldn’t trade his 42 Walk Score in Winter Park for anything!

We all have our own definition of “Living Well in …..  “

Don’t you agree?!

 

Chicago Investment Property

Chicago multi-units – 2-4 flats … 6-flats … so many options for investing in real estate these days!

I helped out a colleague yesterday – while she’s recovering from back surgery, I showed 2 listings to her client.

I was tickled by the first one – I had actually showed this 6-flat near the United Center several years ago to a buyer. He didn’t buy it then, but someone else did. Now it’s on the market again!

chicago investment property near united center

When I saw it in 2007, it as listed for $850,000. My buyer passed on it, but some lucky soul picked it up for $ 450,000.

It was listed again in 2009, starting at $ 920K. It was then reduced to $770,000 before someone bought it for $ 730,000.

Today’s it’s listed for $799,000, and it’s been for sale for 60 days so far.

There are 6 units in the building, generating $71,546 per year in revenue. A boiler provides heat to the units —  after expenses the net income per year is approximately $44K. Currently. no income is derived from parking – the garages are boarded up and provide additional income opportunities.

The building is near I-290 and the Blue Line, and it’s in the shadow of the United Center.

I’m going to be keeping my eye on this one!

 

 

It’s School Fundraiser Season!

Chicago Parents are now busy with “spring fundraiser fever” – that time of year where we’re racing around the city begging businesses to donate goods and services that we can place in our auctions. Whether online or at a live event, we’ll all elbow our way around, looking to bid “just enough” to win certificates, services, tickets. and baskets to enjoy, while the proceeds benefit our kids’ schools.

Chicago Elementary and High Schools – Public and Private alike…

This year, I’m working on the Jones College Prep fundraiser- Friends of Jones is what we call our Parent Organization – and we’re raising money our CPS selective enrollment high school. I have commiserated with friends who are working forsilent auction

I don’t know you, but will you donate?!

In my enthusiasm, I’ve embarrassed myself by calling in favors from people I have no right to approach. God Bless Charlie Wheelan (Naked Economics, Naked Statistics…), who’s a first class gentleman and responded with positive enthusiasm, though he’s never met me!

He’s one of several friends, acquaintances, businesses and strangers who have generously supported Jones by contributing items to our auction. Others throughout the city are doing the same for their schools, and harried mothers and fathers are working overtime to organize these gala events.

I’ve been involved in these activities since my kids were at Hawthorne, where we first raised $ 250,000 10 or so years ago. Back then, class projects pitted parent against parent – I’ll never forget Uncle Fun coming into the basement to outbid us for a kindergarten project (he spent $1500!)

I’m proud to tell you that I still have my winning:

chess table

  • Hawthorne Third Grade Mosaic Chess Table and Clay chess pieces (Thomas, now 18) – Thanks, Haleh!
  • Third grade reading class quilt (Lizzie, now 15) –  Alisa, your talent astounds me!
  • Gary Gantert – produced class poster – gorgeous!  (Michael, now 16)
  • various class books, videos, and posters that are either displayed or safely stored for the kids

I’ve purchased and enjoyed:

  • Wine Tastings
  • Bastille Day Party
  • Sox tickets (SOX???? Yes, this Cub fan sacrifices for her Sox-fanatic son!)
  • Personal Training Sessions
  • Parking in the loop for a year – yes – that was my best bargain purchase!
  • Dinners at restaurants I wouldn’t have visited otherwise
  • Silver earrings
  • Signed baseballs (yes — Sox, too!)

hawthorne quilt

These school fundraisers are a great way to support the education of our most precious resource/our children ( yes, Charlie Wheelan – we MUST invest in HUMAN CAPITAL!–I’m with you!). This is probably the best way that we parents get to know one another.

If you’re interested in bidding online for some of Jones’ great items,

bookmark our site – it goes “LIVE” 2/22 –

Bidding for Good – Friends of Jones online auction

Thanks to the wonderful people who’ve responded to my call and donated items. You have no idea I grateful I am!!!

Wheelan Book

 

These are just a few of the amazing items you can buy online.

And yes,

you’ll have to fight to outbid me for the loop parking space this year!

 

 

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