Aug 02 2012

Updated 23 min ago

On staying put

420 W. Melrose

This article has 5 other Chicago locations (Show)

6025 S. Kilbourn

6145 W. 59th

6457 N. Bosworth

6330 N. Wayne

...great joys of not packing. We did shop at Evergreen Plaza in southern Illinois, at 95th and Western...

  • Paco 50thWardFollies.com

    If you report his posts as spam they are often removed. If you mute him you won't get any of these old posts, and I'm going to do that now.

  • Paco 50thWardFollies.com

    Oops! I mean, you won't get any of HIS annoying posts The old stuff he dredges up remains until EB removes it.

5 days ago

Updated 1 hour ago

Lincoln Park and Lakeview apartment deals and finds, 7/29/15

BJB Properties has newly renovated studios renting from $875 to $1,145 a month at 3838 North Broadway. Furnished models are available for viewing.

    Lincoln Park and Lakeview apartment deals and finds, 7/29/15
    3130 North Lake Shore has a small selection of two-bedrooms available for immediate and early August occupancy. The renovated apartments have hardwood floors and for $2,150 to $2,195 a month. Book an appointment online for any of Planned Property's dozens of River North, Gold Coast, Lincoln Park or Lakeview buildings and receive up to a $300 credit toward your first month's rent.
    http://yochicago.com

  • Phaedrus, you know rents and property prices are tightly connected? Rent goes to the landlord who then has to pay the property taxes. If the taxes go up for all landlords, all landlords will raise their rents to cover their costs. The cost of ownership constitutes a floor on rent...

    Read full comment…

    Phaedrus, you know rents and property prices are tightly connected? Rent goes to the landlord who then has to pay the property taxes. If the taxes go up for all landlords, all landlords will raise their rents to cover their costs. The cost of ownership constitutes a floor on rent -- if the landlord is going to lose money because the market rent is too low, they'll sell the property.

    If you think you're making money on a rental based on how much of the mortgage is paid off, you don't truly understand the cost of money or an ROI.

    And what 30-40% rise in property assessments, where did you get that number?

  • Mike rents are driven by supply and demand, not by a landlords costs. When we moved to our new home I had to decide to sell or rent. The profitability was determined by what I owed on the loan not what I paid originally. The original price was a sunk...

    Read full comment…

    Mike rents are driven by supply and demand, not by a landlords costs. When we moved to our new home I had to decide to sell or rent. The profitability was determined by what I owed on the loan not what I paid originally. The original price was a sunk cost. So I refinanced on the remainder of the loan and determined that the profits would out way current costs. Now if I thought I could of sold and took that money and earned more elsewhere, well then that would have been the smarter bet, but for me it was a diversification play. The 30-40% assessment increase was determined by my two properties and a sample of about 6 or 7 of my neighbors.

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Anyone have details on 3423 N Broadway, formerly a dentist's office, at corner of Hawthorne?

Just curious......
What happened to the Dentist there? I know a patient died and the office closed for a while. But did it ever open back up again? Did the Dentist relocate? Did the Dentist own the building? What else occupied the building?
The building has been torn down and there's a permit issued to build a mixed-use building with an office, roof deck and attached garage. What's going into the office? Are there condos or apartments being built above?
Thanks for any information!

2 days ago

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