Archive for July, 2011

Chicago Homes For Sale: 4140 W Oakdale Ave

July 29, 2011

Chicago Homes For Sale:

4140 W Oakdale Ave, Chicago, Illinois 60641
MLS#  07867388



Welcome to this beautifully kept, charming brick bungalow on a secluded, leafy street in Avondale. Enter into the foyer through French doors to the airy living room with cove moldings and a lovely decorative fireplace. There’s hardwood beneath the carpet in both the living room and formal dining room with arched doorway. The eat-in kitchen has a welcome walk in pantry and maple floor and leads to the enclosed 3 season sunroom with built in storage. Two bedrooms with hardwood floors, and a full ceramic tile bath complete the main level. Second floor features the master bedroom with half bath plus additional insulated attic space for future expansion. The ultra-clean full basement is ready for your finishes and comes complete with a wood burning stove, piano, workshop, wine cellar. There are glass vented glass block windows for light, ventilation and security. This home has all newer replacement windows, a recent tear off roof, and gutters, new garage door for the two car garage. Don’t miss this one!

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Interest Rates And Your Purchasing Power

July 25, 2011

If you are in the market for Chicago real estate and you need to buy a house, you will get the best deal if you purchase it when the interest rates are low – and those mortgage interest rates are low now! The chart below shows mortgage interest rates on a 30-year fixed mortgage for the past 20 years. And rates have come down, down, down!

interest rates

The selling price of your Chicago real estate really doesn’t matter. When it comes to how much house you can afford, the interest rate on your loan is more significant than the price itself.  

According to specialists, for every 1 percent of mortgage rate growth, your home buying potential decreases 10.75 percent. That means if you could afford a $600,000 house when interest rates are 4.5 percent, you can only acquire a $535,000 house when the rates go up a percentage point to 5.5 percent. This is assuming your monthly mortgage payment remains the same. For each 0.125 percent increase to mortgage rates, your maximum affordable purchase price drops 1.35 percent.

Over the past 20 years the interest rates on 30-year fixed rate mortgage not been lower than 5 percent since 1991, which is extraordinary.

The point is that you can purchase more Chicago real estate for the same monthly payment if you buy when the rates are low. That means now! Interested? Give me a call or send me an email and I will show you how to get the most house for your money!

Chicago Condo For Sale: 1657 W Huron St #2

July 14, 2011

Chicago Congo For Sale:

1657 W Huron St #2, Chicago IL 60622
MLS# 07855791

Dreams do come true!  Gorgeous Greystone in East Village/West Town is everything you imagined!  Generous 1560 square feet of airy, functional luxury.  Enter this stunning building and up the lovely staircase into the open floor plan.  Expansive living room with lovely architectural gas fire place and second seating area flows into the huge dining area.  A stunning tray ceiling frames the gourmet island kitchen with glass tile backsplash, granite countertops, stainless steel appliances, double under mount sink, maple cabinetry and stone flooring.  The master bedroom suite features a double tray ceiling, huge cedar lined closet, and the new master bath with a double headed rain shower, double whirlpool tub and marble tile floor.  Art lovers will appreciate the 30’ gallery wall and there is a separate laundry room as well.  The second bedroom and bath are nicely finished. Hardwood floors throughout.  The rear deck is perfect for summer entertaining, and a secured parking space and storage locker completes the package.  This intimate three unit building has low assessments.  Walk to blue, green and pink el lines, grocery, restaurants and entertainment. 

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Chicago Condo for Sale: Stunning Lincolnwood Rehab!

July 10, 2011

7201 N Lincoln Ave #311, Lincolnwood, IL 60712
MLS# 07851771

Stunning rehab in Lincolnwood! Hampton Place 2 bedroom, 2 bath. Freshly renovated in 2010 with new cherry cabinetry, granite counter and vanity tops, stainless steel appliances and new open floor plan. Grand living-dining room combo opens to the kitchen with new breakfast bar and table space. 2 huge bedrooms with 3 walk-in closets. New bath. Outdoor pool. Library. Exercise room and party room makes this a grand home. Short sale.


Chicago Condo For Sale: 512 West Barry Ave

July 7, 2011

Chicago Condo For Sale:

512 West Barry Ave #504, Chicago IL 60657
MLS# 07848786


Adorable and Affordable! Luxe junior one bedroom in best East Lakeview location. Luxury finishes throughout: oak hardwood floors, cherry cabinetry, thick granite counter and vanity tops, stainless steel appliances, crown moldings. Private balcony for summer enjoyment, elevator, storage and in unit laundry. Walk to lake, park, express bus, el, shopping & entertainment. Lovely, leafy street. Perfect for first home, in-town or investment.

Learn more about 512 West Barry Ave and buying a Chicago condo.