Category: Blog

Neighborhood Match-Up: Streeterville vs. Gold Coast

Posted on by LLCR Staff

Deciding between Streeterville vs. Gold Coast isn’t a simple choice. Both Chicago neighborhoods provide phenomenal living experiences.

Streeterville vs. Gold Coast

We’ll look at distinctions between the two for more insight into life within each neighborhood.

Overview of Neighborhoods

Bounded by the Chicago River, the Magnificent Mile, and Lake Michigan, Streeterville finds itself smack dab in the middle of Chicago’s hottest landmarks. The neighborhood houses many well-respected establishments, including Northwestern University Downtown Campus, Northwestern Hospital, and Lurie Children’s Hospital.

With such a competitive location, it’s no surprise that Streeterville is a happening place. The neighborhood is full of working professionals, students, and visitors working, studying, and residing.

Located directly North of Streeterville along the lake, the Gold Coast neighborhood is treasured for its residential charm, stately homes, and connection to the past.

Strolling through the charming and affluent neighborhood, you’ll find a great mix of historic mansions, modern high-rise apartments, upscale shopping, and exquisite dining.

History

Both Streeterville and Gold Coast have intriguing pasts.

Along with its competitive waterfront location, breathtaking views, and unbeatable shopping, Streeterville also boasts a unique and quirky past.

Streeterville’s name comes from the infamous Captain George Streeter, a man whose crazy life directly shaped the outcome of the Streeterville neighborhood we know today. Over a decade after the Great Fire in 1871, the area that is now known as Streeterville was still recovering, and Lake Michigan became a dumping ground for contractors trying to clean up.

Around this time, Streeter used some of the “waste” to set up a sand bar Shanty in Lake Michigan. For 40-years a dramatic battle unfolded among Streeter, the City of Chicago, and the real owner of the land, millionaire Kellogg Fairbank, for the rights of the land.

In the end, Captain Streeter’s efforts to keep the land were unsuccessful, but his legacy remains in the neighborhood’s name.

In the late 1800s, The Gold Coast neighborhood was initially called the Astor Street District, after John Jacob Astor. While Astor never actually resided in Chicago, his achievement as one of the wealthiest men in the United States at the time earned him recognition and an entire neighborhood named after him. 

This name helped attract wealthy families and individuals to the area, including Potter Palmer, who also played an instrumental role in developing the Gold Coast. 

After the Chicago Fire in the late 1800s, Potter purchased a large amount of land and eventually converted the swampy land into a strip of desirable property along the Lake, now known as Lake Shore Drive.

Shopping & Activities

You never have to worry about looking for ways to spend weekend itineraries in Streeterville. Some of Chicago’s most prominent attractions are located in the neighborhood, including the iconic Navy Pier. Here you can soak up a unique city view from the Centennial Wheel, enjoy a scenic river cruise, or wind down to live entertainment. 

Popular spots beyond the pier include Ohio Street Beach, the Chicago Museum of Contemporary Art, and the 360 Chicago observation deck on the top of the John Hancock Tower, as well as many prime dining and nightlife hotspots.

If you’re interested in some retail therapy, Streeterville has the fix. Given that Streeterville is home to part of the “Magnificent Mile,” shopping is a popular activity in this area. Along this mile, you’ll find world-renowned brands, from Tiffiany Co. to Gucci. You’ll also find more budget-friendly shops along Michigan Ave, like Columbia and H&M.  As you shop, be sure to grab a drink from the multi-story Starbucks Reserve.

While Gold Coast also delivers fun activities, the scene feels a bit more low-key.

Common Gold Coast activities include sunbathing on Oak Street Beach, touring the original Playboy Mansion, shopping the day away, and checking out some local bars.

This area may not have the “Mag Mile,” but it certainly does not lack designer stores and luxury boutiques. Stroll along Oak Street and you’ll find some of the city’s most upscale shopping, including Hermes, Barney, Jimmy Choo, and Tory Burch.

Properties Available

If you’re drawn to the energy and convenience that Streeterville provides, consider living in one of these luxury condos:

  • 512 N McClurg Court #509– This impressive studio boasts a phenomenal location, skyline views, and a quiet space for those looking for a less noisy option.
  • 55 E Erie Street #4403– For more space, check out this three-bedroom, three-and-a-half-bath unit with floor-to-ceiling windows within the heart of the Cathedral District.

There are also fantastic condos recently available in the charming Gold Coast Area:

  • 505 N McClurg Court #606–  This one-bedroom offers over 1,000 square feet, floor-to-ceiling windows, and unprecedented water and city views.
  • 40 W Schiller Street #1B– This tastefully renovated two-bedroom, two-bathroom duplex is situated at one of the neighborhood’s most picturesque intersections.

To see these condos for yourself or to continue deciding between Streeterville vs. Gold Coast, connect with a Luxury Living Chicago Realty expert who can match your goals to the right neighborhood.

Still searching for your perfect neighborhood fit? Follow the link below to compare some of the other top Chicago neighborhoods!

Compare Chicago's Best Neighborhoods

New Condos in Wicker Park — Alcove Wicker Park

Posted on by Lindsay Smith

Looking for a condo in the heart of Wicker Park? Be sure to check out Alcove Wicker Park. These brand new homes offer impressive condominiums and townhomes, just steps from the neighborhood’s best dining, nightlife, and shopping scenes.

Alcove Wicker Park Condos

Situated at 1648 W Division Street in the popular Wicker Park neighborhood, these luxury condos offer the perfect blend of urban city living with a little more peace and quiet.

Alcove Wicker Park offers 55 luxury homes with unrivaled design. Prospective buyers can choose from spacious 2-4 bedroom condos and duplexes or 3-4 bedroom townhomes.

Alcove’s condos feature high ceilings and designer finishes with up to 2,400 square feet on a single floor. The luxurious kitchens include Viking stainless steel integrated appliances, Italian cabinetry, single basin sinks, Whirlpool garbage disposal, and quartz countertops. Bathrooms feature Italian vanity cabinets, quartz countertops, white soaking tub, large walk-in shower, designer porcelain tile flooring, and a full-height floating wall-mounted mirror at the vanity. Throughout the rest of the living spaces, you will find 9’ ceilings, plank wood flooring in the main living spaces, carpeting in the bedrooms, recessed lighting, spacious laundry rooms, programmable smart thermostat, and large private balconies with endless views.

The townhomes at Alcove Wicker Park live like single-family homes with large floor plans complete with condo-grade finishes. Additional features include an expansive private rooftop terrace, private landscaped entryway, and a two car attached garage.

Neighboring Chicago’s Logan Square and Bucktown neighborhoods, Alcove Wicker Park is just steps away from some of the best in the city.

This trendy and creative neighborhood is home to many Michelin-rated restaurants, trendy bars, and endless boutique shopping. Within walking distance, Wicker Park residents can enjoy Philz Coffee, Neon Wilderness, Reckless Records, The Violet Hour, Foxtrot Market, Bar Method Fitness, and so much more.

The Blue Line runs directly through the Wicker Park area, giving easy access to the rest of the city, suburbs, and airport.

If you’re interested in exploring more, contact one of our team members today. Our experienced team of real estate brokers would be happy to show you more around Alcove Wicker Park or other condos in one of the many surrounding Chicago neighborhoods. Connect with us today!

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Neighborhood Match-Up: West Loop vs. River North

Posted on by LLCR Staff

West Loop and River North are both popular Chicago neighborhoods, but how do the two compare? The Luxury Living Chicago Realty team is taking a closer look at West Loop vs. River North.

West Loop vs. River North

Let’s start with a general overview of each neighborhood.

Neighborhood Overviews

River North is located in downtown Chicago and bounded by Chicago Ave to the north, Michigan Ave to the east, and the Chicago River to the south and west. This vibrant area is packed with towering high rises, active nightlife, and unique art galleries.

As its name implies, West Loop sits directly west of the downtown Loop. The boundaries of West Loop are Grand Avenue on the north side, I-290 on the south side, Ashland and Ogden on the west side and the Chicago River on the east side. 

While this hot area once had the reputation of an abandoned meatpacking district, West Loop has grown rapidly over the past decade. The neighborhood is now home to one of the highest concentration of millennials, which has attracted plenty of new bars, restaurants, and retail shops. The area provides a unique industrial feel and is full of a nice mix of brand-new high rises and historic refurbished lofts.

West Loop and River North are similar because they are fast-growing areas that attract plenty of young professionals, foodies and art lovers. However, they both have unique distinctions.

History

West Loop has been on the up and up since right after the 2008 recession. Between 2008 and 2016, over 4,100 residential units were built in the neighborhood. Before 2008, the area was mostly abandoned meatpacking warehouses. Since then, thousands more have been built and planned, and the area has become one of the hottest developments in Chicago.

River North also has a unique past that has been evolving over the past 180 years. Following the Chicago Fire of 1871, River North was rebuilt but became pretty abandoned from the 1920s to 1960s. By the seventies, real estate picked up again as artists and creatives began reclaiming the area, and growth hasn’t ceased since.

Work & Industries

Recently, the work scene in River North and West Loop has become pretty comparable. Both neighborhoods are now home to a large pool of tech companies and also provide plenty of restaurant and retail opportunities for job seekers.

Many young working professionals reside or work in both of these areas.

Dining & Nightlife

Those who prioritize eating good food and enjoying the evening will appreciate both West Loop and River North. 

West Loop’s ‘Restaurant Row’ along Randolph Street features an array of impressive eateries and cocktail bars. The food scene in River North also offers plenty of tasty food and drink options scattered throughout the neighborhood.

Arts & Culture

River North is the place to be for art fanatics. In fact, the River North gallery district actually boasts the largest concentration of art galleries in the United States after Manhattan. All around the intersection of Franklin and Superior Streets, you can find numerous unique and imaginative galleries.

While West Loop doesn’t have quite the same artistic reputation, it offers its fair share of art galleries sprinkled throughout the area.

Shopping & Activities

Near and along Randolph and Madison Street, you can find some of the best shopping in West Loop. The area is known for its unique boutiques and high-end retailers.

While River North isn’t primarily known for its shops, it is nearby some of Chicago’s best retail therapy. The neighborhood finds itself nearby the Magnificent Mile, home to some of the country’s best shopping. The area is also home to the infamous Merchandise Mart right along the Chicago River.

Available Properties

Both River North and West Loop provide incredible experiences and living options.

If River North sounds fitting for your lifestyle, consider checking out the Tribune Tower Residences. The Tribune Tower project recently converted this elegant and iconic 1925 high-rise to 162 luxury condos and five-star amenities in the heart of this neighborhood.

For those drawn to the West Loop area, 1400 Monroe may be worth touring. This new construction building boasts beautiful 42 two and three-bedroom condos in a prime location.

Beyond these new condo buildings, there are plenty of other phenomenal living options throughout both neighborhoods. Let one of our experts match your goals to the right community and help you decide between West Loop vs. River North.

Still deciding which Chicago neighborhood is best for you? Follow the link below for our comparison of Chicago’s best neighborhoods.

Compare Chicago's Best Neighborhoods

Comparing the Best Chicago Neighborhoods: Which is Right for You?

Posted on by LLCR Staff

Whether you already live in the Windy City or are thinking of relocating, it’s crucial to choose the right community for your profession and lifestyle.

Comparing The Best Chicago Neighborhoods

Every neighborhood in Chicago has something for everyone. So if you need help deciding the best spot for you, let the Luxury Living Chicago Realty team show you the way home. We’ll start by taking a look at how some of the most popular communities compare.

Old Town vs. Lakeshore East

The location of these two hot areas significantly influences how the Old Town and Lakeshore East neighborhoods compare. While both offer killer spots in the city, Lakeshore East provides more direct access to the water and downtown ‘Loop,’ while Old Town sits a few miles north of the heart of downtown a few blocks in from the water.

Lakeshore East may be more suitable for an urban lifestyle, but it still offers a unique city experience. This popular neighborhood is tucked away into an enclave adjacent to Michigan Avenue and west of Lakeshore Drive, where the river meets the lake.

The Lakeshore East community provides a unique opportunity to live in the heart of a city surrounded by greenery. Forty percent of the neighborhood is green, providing more open space than other downtown communities.  

This area is excellent for someone looking for scenic outdoor space but doesn’t want to forfeit the convenience of city living. This neighborhood is minutes from some of the most popular Chicago attractions, including Navy Pier and Millennium Park.

Old Town provides a more residential feel and may be a better option for someone who isn’t looking to live so close to the downtown area yet still wants a great social scene. 

The Old Town community is between Chicago’s Gold Coast and Lincoln Park neighborhoods and offers a great blend of historic and modern, with a nice combination of Victorian-style buildings and modern high-rise apartments. Old Town provides a charming youthful atmosphere and plenty of fantastic restaurants, bars, and retail options.

Streeterville vs. Gold Coast

Many people looking to live close to downtown Chicago may go back and forth between Streeterville and Gold Coast.

Bounded by the Chicago River, the Magnificent Mile, and Lake Michigan, Streeterville finds itself smack dab in the middle of Chicago’s hottest landmarks. The area provides exceptional walkability to fantastic shopping, dining, nightlife, and popular attractions.

Living in Streeterville means you have Navy Pier, Centennial Wheel and the Shakespeare Theatre in your backyard. With the Magnificent Mile located right along the West edge of the neighborhood, the area offers some of the most high-end retail in the city, from Saks Fifth Avenue to Gucci.

The affluent Gold Coast also provides a phenomenal location with tranquility and history. This upscale neighborhood also nestles up against Lake Michigan and is directly north of Streeterville. Gold Coast is commonly known for its overgrown trees and beautiful Victorian mansions. Some of the city’s best shopping, dining, nightlife, and pet-friendly parks are also situated in this posh area.

Both areas offer rich history and luxury living, so deciding between the two may be a difficult choice.

Streeterville vs. River North

While Streeterville and River North are side-by-side, each neighborhood offers slightly different lifestyles.

As mentioned, Streeterville offers impressive walkability to popular attractions and the lakefront. While River North does not have as many iconic tourist destinations, this neighborhood is still known for great walkability, nightlife and more public transit options. Those who plan to travel regularly by train or bus may find River North more convenient.

While some like the idea of living near the hottest Chicago entertainment options, others may feel like Streeterville feels more of a tourist spot compared to River North.

Both areas provide an excellent selection of modern, luxury high rises and urban living.

River North vs. West Loop

Deciding between River North and West Loop is a tough choice. Both remain hot spots to live, boasting fantastic living options and convenient lifestyles.

River North is great for those wanting to live a bit closer to the Loop and the lake. This area also provides easy access to other surrounding neighborhoods. 

West Loop is a popular place to call home for many young professionals and families. In fact, the neighborhood is known for having the highest percentage of millennials in the nation. This influx of young people has attracted many new bars, dog-friendly restaurants, and boutique shops to the area. 

As this neighborhood progressively transformed from a meatpacking district to a hip neighborhood over the past decade, West Loop still maintains an urban and industrial feel. Prospective residents can find a nice mix of brand new high rises and historic refurbished lofts.

River North has less of the historic charm and more of the big city vibe. However, both offer excellent transit and convenience. Both are also considered highly walkable according to Walk Score.

South Loop vs. the Loop

The Loop is considered the heart of downtown Chicago. It is more business-centric when compared to South Loop, which feels a bit more residential. 

As its name implies, South Loop is located directly south of the Loop. Because the Chicago neighborhood is considered more residential, there is a larger selection of apartments and condos in the South Loop neighborhood.

Both communities sit right next to the lake front and house different popular Chicago attractions. In the Loop you can find Millennium Park, Maggie Daley Park, the Art Institute, and more. Soldier Field, Shedd Aquarium, and the Field Aquarium are also nearby but technically located in South Loop.

Folks interested in living in South Loop can choose between two distinct areas: Museum Park and Printer’s Row.  While Museum Park is a sprawling lakefront community of brand-new high-rise buildings with popular venues and museums, Printer’s Row offers a bit more character featuring former printing plants and publishing houses converted into contemporary lofts and condos.

South Loop vs. Wicker Park

It’s easier to notice the contrast between South Loop and Wicker Park.

South Loop undoubtedly feels more like a downtown Chicago neighborhood, with plenty of high rises and popular attractions.

Wicker Park, on the other hand, provides a slower lifestyle with more of a hipster vibe. Although Wicker Park is further from the Loop, it boasts excellent public transit to get to the city and surrounding neighborhoods. 

The Wicker Park community is home to fantastic local coffee shops, retail shops, dining, and nightlife. Many popular venues run along Milwaukee Avenue, which cuts transversely through the heart of the neighborhood.

While Wicker Park doesn’t have direct access to the water, it does offer an impressive amount of green space, including the infamous Wicker Park and few smaller parks. This family-friendly neighborhood is ideal for all types of people looking for a vibrant lifestyle but at a slower pace than what South Loop may offer.

Narrowing down the best Chicago neighborhood may feel overwhelming with so many wonderful options. If you need more guidance in this selection or want help touring properties, be sure to connect with one of our experienced brokers today.

Our team would love to help you find your dream home in the perfect neighborhood!

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6 Tips for Moving Into a Condo

Posted on by Lindsay Smith

Any moving process can be difficult, but the Luxury Living team is here to make yours as smooth as possible. Keep reading for a few key tips to improve your process of moving into a new condo.

6 Tips for Moving Into a Condo

Congratulations! You’ve gone through the entire home buying process. Now what?

Here are a few things to take into consideration when moving into your new condo:

  1. Take measurements of your new place. This is often an overlooked step, but it is a rather important one. Taking measurements ahead of move-in day will help you get a better understanding of which furniture will fit into your new place and what won’t be moving with you.
  2. Create a floor plan. Once you have a good sense of what furniture will fit into your new home, start working on creating a floor plan. Having an idea of which pieces will go where in your new place will make move-in day a breeze. 
  3. Gather moving quotes. Another top to-do on your moving checklist is to gather moving quotes. Don’t just call one company, but try to gather many quotes to get the best deal. More often than not, the best deal won’t be your first call.
  4. Change your address. When you move into your new home, you’ll want to be sure your mail gets delivered to the right place. Notify your bank, credit cards, employer, health institutions, schools, and subscriptions of your move.
  5. Set up your utilities. Before moving into your condo, look into transferring or setting up utilities in your new place. If your current utilities are already in your name, you can skip a few steps and just transfer them over to your new condo.
  6. Read through your condo HOA’s rules and regulations. As new members of your condo’s HOA, it is essential that you have a clear understanding of your HOA’s rules and regulations. Otherwise, you may face unwanted penalties.

On the hunt for a new Chicago condo to call home? The Luxury Living team is here to help make your transition as seamless as possible. We have plenty of experienced professionals that can help you find your perfect home. Contact us today to start the process!

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New Condos in Lincoln Park, Chicago — Norweta

Posted on by LLCR Staff

If you’re on the hunt for new condos in Lincoln Park, Chicago, look no further than Norweta Condominium Residences. These beautiful condos make the ideal home for anyone looking for the convenience of a big city but a bit more tranquility than the urban lifestyle often offers.

New Condos in Lincoln Park, Chicago — Norweta

Located at 2611 North Hermitage, this highly luxurious development is tucked away in the west end of the charming Lincoln Park neighborhood. The surrounding tree-lined streets and parks add to the intimate feel of these condos.

Norweta’s 40 unique homes offer a true at-home oasis for families or individuals. Prospective residents can choose from 3- and 4-bedroom luxury condos with finishes meticulously hand-selected by Gary Lee Partners. 

These residences also feature a penthouse collection, ranging from 4 to 5 bedrooms and boasting 3,100 to 5,200 square feet and an additional 1,530 square feet of private outdoor space. The penthouses offer a stunning multi-floor living space ideal for everyday resort-style living and entertaining, along with expansive private outdoor spaces offering amazing city views.

All units provide residents access to impressive features. If you are someone who likes spending time in the kitchen, then you’re bound to appreciate the waterfall quartz countertops, built-in wine fridge, Wolf Sub-Zero appliances, and custom cabinetry. For those who find their tranquility in the bathroom, rest assured that these units boast five-piece baths, marble tile, quartz countertops and a soaking tub. Throughout the rest of the unit you can find hardwood oak flooring, 9-foot ceilings, electric solar shades, custom walk-in closets, and LEED platinum certification.

Stepping directly outside of the home, Norweta condo owners also have access to equally spectacular amenities. These include a resort-style pool, gardens, guest suite, bicycle storage, 24/7 fitness center, business center, private storage units and more. Top-notch services consist of concierge-level onsite management and drop off dry cleaning. Pup owners will be pleased to know that Norweta also provides an indoor dog run and dog wash station. Plus, there are plenty of great parks around the area to walk your furry friend.

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Beyond nearby green space, Norweta is also located near phenomenal retail and restaurants. While many of these hot spots are within walking distance, Norweta also offers convenient access to public transit.

If you are interested in one of these condos or are searching for other new condos in Lincoln Park, contact Luxury Living Chicago Realty today. Our team would love to help you secure your dream home here in the Windy City!

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How to Move Out of an Apartment — Our Expert Tips

Posted on by Lindsay Smith

If you’re wondering how to move out of an apartment, you came to the right place. Moving out of an apartment and into a larger space is an exciting but often stressful process. Rest assured, the Luxury Living Chicago team has plenty of tips that can help you make moving out as stress-free as possible.

How to Move Out of an Apartment

If the time has come to make the transition out of your apartment and into a new condo, here are a few tips on things to consider when moving out of an apartment:

Give appropriate notice – It’s customary to give your landlord or property manager a 30-90 day notice before moving out. This gives them enough time to find a new tenant by the time you’re on your way out.

Create your moving plan – After informing necessary parties of your move, it’s time to get started on a moving plan. Start searching for moving companies to help with your move, or create your own plan and enlist the help of a few friends to help with your transition.

Declutter – Decluttering your belongings will make the move out of your apartment much smoother and less stressful. Go through your clothes, products, and other household items to purge what you can and only keep the essentials. Plus, minimizing stuff makes for more room to switch things up in your new place.

Pack efficiently – After you declutter your belongings, it’s time to get to packing. When you move out of an apartment, make sure to take everything with you. Even if you see your old couch as a gift to the next renters, the landlord doesn’t, and you could end up having to pay an extra fee for any items left behind.

Clean, clean, clean – From scrubbing the floors to patching walls and wiping down every square inch of your apartment, it’s important to do a thorough cleaning of your space before moving out to avoid paying any additional cleaning fees.

Start prepping for your new place – As you gear up for your new home, it’s time to start prepping for the transition. Be sure to cancel your renters insurance and switch utilities over to your new home. 

Now that you’re well equipped with tips and tricks for how to move out of your apartment, it’s time to find your next spot to call home. Our team of trusted experts can help make your life transitions seamless. Get in touch with us today to get started!

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New Lakeshore East Condos at St. Regis Tower

Posted on by Lindsay Smith

Imagine waking up every day soaking up breathtaking city and lake views, enjoying upscale finishes, taking advantage of top-notch amenities, and residing in one of Chicago’s premier neighborhoods? Well, you don’t have to imagine this luxury living experience if you make St. Regis Tower your new home.

Lakeshore East Condos at St. Regis Tower

Formerly Vista Tower, these new Lakeshore East condos truly offer elevated living at 363 E Wacker Drive. Lakeshore East is considered one of Chicago’s best-kept secrets, tucked away into an enclave adjacent to Michigan Avenue and west of Lake, right where the river meets the lake. It sits atop an award-winning six-acre public park in the heart of downtown. 

St. Regis Tower provides easy access to the lakefront trails, beaches, and expansive parks. Well-known cultural museums and galleries such as the Art Institute of Chicago, the Museum of Contemporary Art, and The Children’s Museum are all within walking distance.

As Chicago’s third-tallest building, this tower boasts 101-stories and unbeatable views. St. Regis Tower residences are now home to a 5-star luxury hotel and 393 upscale condos. Prospective owners can choose from spacious 1, 2, 3, and 4 bedroom layouts. There is also the option to live in the penthouse sweet for 360-degree views of Lake Michigan and downtown Chicago.

The Residences at St. Regis Chicago are crafted with the finest hardwoods, natural stone, and wall coverings. There are four distinct color palettes inspired by gemstones such as topaz, amethyst, fluorite, and sapphire. Kitchen features include contemporary Snaidero cabinetry, quartz and stone countertops with backsplash, a five-burner gas cooktop, and a Kohler double-bowl sink. Residences also include floor-to-ceiling windows, laundry rooms, walk-in closets, and keyless entry.

Beyond incredible unit perks, owners have access to unbeatable facilities and services. In fact, the entire 47th floor is dedicated to world-class amenities, which includes a state-of-the-art fitness center, outdoor oasis with a pool and spa, sky lounge, golf lounge, city lounge, and more.

Residents at St. Regis even have access to hotel services, including butler service and two restaurants operated by the prestigious Alinea Group. These restaurants include a fine dining option on the 18th floor and an all-day restaurant on the second floor. All of this means that condo owners don’t even have to leave their building or room to enjoy delicious, high-quality dishes.

All of these perks can be available to you if you decide to make St. Regis Tower your own residence. If you’re interested in one of these condos or searching for other new Lakeshore East condos, contact the Luxury Living Chicago Realty team today!

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What is the Difference Between Condo and Apartment Living?

Posted on by LLCR Staff

Are you deciding whether or not a Chicago condo or an apartment is the right move for you? If so, keep in mind that your lifestyle may differ depending on where you’re living. It’s essential to understand how these properties vary to determine which option is most suitable. Here are the top differences between condo and apartment living:

Differences Between Condo and Apartment Living

Ownership

To understand the difference between condo and apartment living, you must first understand the definitions of each property.

A condo, or condominium, is a collection of units that are each owned individually. This is similar to homeownership; however, the unit owners live in a shared building instead of on their own plot of land.

On the other hand, apartment units are found in a single building owned by one person or company. Those living in apartments rent from that person and company, meaning they temporarily lease the space but do not have legal ownership rights.

Costs

Because a condo involves ownership, this property involves much higher up-front costs than apartments. Buying a condo not only involves a down payment but also closing costs, monthly mortgage (if the property isn’t paid in total), property taxes & insurance, and homeowner association fees. 

While condos initially require more money than apartments, they may be a wise financial move if you have the credit or money up-front. Unlike apartment rental payments, condo expenses are going towards a personal investment. So, in the long run, condo owners will have accumulated equity to show for the added costs.

When renting an apartment, the only typical costs to expect include monthly rent, utilities, and occasionally a security deposit that is often refundable.

Maintenance

The beauty of apartments is the low-maintenance living. Because residents do not own the property, significant repairs or unit attention falls on the responsibility of the property owner or manager.

While ownership comes with many perks, condo owners also have to own the maintenance of their unit. If you’re considering purchasing a condo, you should be prepared to keep up with your home. 

HOA

Unlike renters, as a condo owner, you automatically belong to your building’s homeowner’s association (HOA), given you pay your dues. This membership also comes with benefits, including an added level of voice and connection within your community, increased property value, and access to amenities and services. 

Condo HOAs can fund shared spaces, such as pools or fitness centers and support the building’s exterior maintenance.

Thinking about moving into a condo from an apartment? LLCR can help you with the transition. We have a handful of eager and experienced brokers ready to help you find the home of your dreams. Connect with us today!

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The Tribune Tower Addition — Live in One of Chicago’s Most Iconic Buildings

Posted on by LLCR Staff

If you are looking for the ultimate luxury living, look no further than the Tribune Tower Addition. The iconic Tribune Tower, a Chicago Architecture masterpiece, is now home to 162 condo residences.

The Tribune Tower Addition

From the renowned Hall of Inscriptions to walls filled with historic relics of worldwide significance, Tribune Tower’s original design elements have been carefully and respectfully restored to preserve its dramatic impact.

The Tribune Tower sits in the heart of downtown Chicago, right along the ‘Mag Mile,’ at 435 Michigan Avenue. This location puts residents in the River North neighborhood, one of the city’s most happening areas. 

Residents will find ultimate convenience being only steps from the Chicago River and some of the best shopping, dining, nightlife, art galleries and attractions. The area is nearby the popular Millennium Park, Navy Pier, John Hancock building, the Museum of Contemporary art, and more.

Not only is this community extremely walkable, but it also provides easy access to public transportation, including various bus routes and “L” lines. This makes getting to other neighborhoods and out of the city extremely practical.

While these are all benefits of residing in the Tribune Tower, the most crucial selling point may be the building itself. Along with offering a historic reputation, Tribune Tower also provides premier amenities and finishes.

The interior units are as impressive as the building’s exterior. Each residence in this collection showcases exceptional architecture, including soaring ceiling heights, views of intricate tracery and lavish terraces.

Prospective owners can choose from 56 different floor plans, which include one to four bedrooms. Every unit boasts exquisite details and extreme elegance. You can expect custom-designed cabinetry and quartzite counters, SubZero and Miele appliances, a marble master bath, and wide plank oak wood floors.

Residents have access to over 55,000 square feet of resort-style amenity space over four floors of the building. Desirable amenities include a state-of-the-art health and wellness center, golf simulator, resort-caliber spa, and event venue complete with a bar and catering kitchen. The health and wellness center alone consists of 7,000 square feet.  Additionally, residents can enjoy a third of an acre park, a 75-foot indoor pool, a sun deck, and an expansive terrace with outdoor and grilling.

If you are interested in calling the Tribune Tower addition home or searching for other condos, contact Luxury Living Chicago Realty. Our experienced team can help you secure the home of your dreams today!

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New Developments in Chicago in 2021

Posted on by LLCR Staff

Are you looking to buy a luxury Chicago condo with all the bells and whistles? If so, consider a new build. A new construction condo comes with unique advantages, including fresh finishes and top-notch technology.

Throughout the Windy City, you can find developments to suit your specific lifestyle and living needs.

The Luxury Living Chicago Realty team has highlighted brand new buildings in Chicago that will have you eager to move. Check out some of the best options to consider.

New Developments in Chicago

Norweta 

2611 N Hermitage

These new condos make the perfect home for anyone looking for the convenience of a big city, but more tranquility than metropolitans tend to offer. Norweta is a highly luxurious development tucked away in the west end of the Lincoln Park neighborhood, away from the rest of the city. The surrounding tree-lined streets and parks provide a very intimate area for residents.

The property features a courtyard and gardens, cozy fire pits, grilling areas, conference room, resort-style pool, 24-hour fitness center with on-demand virtual training, guest suite, sports court, climbing wall, solarium, hammock park, courtesy bikes, and underground parking.

Norweta’s units feature European-style kitchens with top-of-the-line appliances and solid surface quartz countertops with individualized tile backsplashes. They also promise spacious floor plans and layouts.

The development is within walking distance of great Lincoln Park restaurants, shops, nightlife, entertainment, and plenty of outdoor space. It makes a fantastic family-friendly, luxury living option.

1400 Monroe

33 N Morgan Street

Located in the heart of the happening West Loop neighborhood, this new construction building boasts 42 two and three-bedroom condos. Each unit is complete with modern layouts, custom-designed kitchens, high ceilings, and loft-style windows that allow natural light. These residences provide ample storage space and Lutron Caseta smart home technology, making the home practical and safe.

Condo owners also have access to a private parking garage, dry cleaning drop-off and pick-up, a dog washing station, and a package reception system.

1400 Monroe offers residents easy access to transportation, schools, restaurants, parks, shopping, and more. This building is steps away from Skinner Park, West Loop’s seven-acre green space, which features a field house, basketball courts, baseball fields, and a children’s playground. It’s also nearby “Restaurant Row,” the West Loop destination for world-class dining and nightlife experiences.

Triangle Square

1701 W Webster Avenue

This new collection of 72 exceptionally designed condos in East Bucktown sit at the intersection of Webster and Elston Avenue overlooking the North Branch of the Chicago River. Prospective residents can choose from two-to three-bedroom floor plans with options for dens or office space. 

Condo features include wide-open living areas filled with natural light, contemporary kitchen cabinetry, integrated appliances, expansive islands with quartz countertops, and private balconies or terraces. Amenities consist of a rooftop terrace, fitness center, bike station, dog wash station, secure package room, and individual storage lockers.

This luxury development is right next to Mariano’s, making grocery shopping extra convenient. It’s also within easy walking distance to the Clybourn Metra, Holstein Park, Midtown AthleticClub, Webster Place Movie Theater, Damen Avenue shopping, and top restaurants. 

Tribune Tower Residences

435 Michigan Avenue

The Tribune Tower project recently converted this elegant and iconic 1925 high-rise to 162 luxury condos and five-star amenities. Locals or transplants now have the chance to call this architectural masterpiece home.

The Tribune Tower sits in the heart of the city in the River North neighborhood, right along the Magnificent Mile. This location guarantees prime shopping, dining, nightlife, and attractions. You can always find something to do, steps away from this development. Residents are within easy walking distance of the Chicago River and Lake Michigan and also have some of the best views of both bodies of water.

Condos at the Tribune Residences are spacious, with soaring ceilings and extremely open floor plans. The building offers 52 different floor plans, many boasting private outdoor space. Amenities include an expansive fitness center, a private park, an indoor pool with lounging and dining areas, and a high-end resident-only area on the 25th floor.

St. Regis Chicago Residences

363 E Wacker Dr

Formerly known as the Vista Tower, these residences have been transformed with a new name, hotel, and restaurant deal with Alinea Group. This skyscraper is located in Lakeshore East, one of the Windy City’s best-kept secrets, nestled against Lake Michigan, where the lake meets the Chicago River. The neighborhood is host to top dining, entertainment, and nightlife. St. Regis offers one- through four-bedroom layouts with incredible views of the water and the city.

These premier residences are crafted with the finest hardwoods, natural stone, and wall coverings. Each unit includes floor-to-ceiling windows, laundry rooms, walk-in closets, and keyless entry. Condo owners have access to carefully curated amenities perched on the 47th floor, including a state-of-the-art fitness center, conference center, screening room, children’s activity room, outdoor oasis, golf lounge, and more.

The development also features 191 hotel rooms and several restaurants and bar-lounge spaces operated by Chicago’s prestigious Alinea Group. This includes a fine dining restaurant with private rooms and an outdoor terrace. 

Alcove Wicker Park

1648 W Division Street

This community of condos and townhomes sits between Milwaukee, Paulina and Division Street in the trendy Wicker Park neighborhood. Floor plans feature two- through four-bedroom units, each with open layouts, high ceilings, and designer finishes. A single floor plan could provide up to 2,400 square feet of space. 

Residents can enjoy the outdoors on the expansive private rooftop deck with city views or the beautifully landscaped courtyard. From inside their unit, owners can take advantage of custom kitchen plans featuring Copatlife Italian cabinetry quartz countertops.

Living in this area grants residents easy access to the blue line, making traveling to the rest of the city, suburbs, and airport simple. It also opens the doors to some of the unique restaurants, quirky boutiques, and happening nightlife, cultural attractions.

Parkline

60 E Randolph Street

This 26-story residential tower is housed right downtown in the Loop, making this property perfect for anyone looking for ultimate convenience and vibrant city living. Parkline sits steps away from Millennium Park, Mag Mile shopping, and other popular Chicago attractions. 

Among the 214 units offered, 24 are private condo residences. The residential units feature 3-4 bedroom | 3.5 bath luxury homes, ranging from 2,150 to 2,650 square feet. Every unit is beautifully designed with top-of-the-line finishes and features. 

You can expect gourmet kitchens with modern cabinetry by Snaidero, under-cabinet lighting, Sub-Zero appliances, Wolf 5-burner gas cooktop, Grohe fixtures, quartz countertops, and wet bar with wine cooler. Additional finishes include 10’ ceilings, wide plank flooring throughout, spacious closets, expansive balconies, recessed lighting, spa-like bathrooms, laundry room, and floor-to-ceiling windows with jaw-dropping city views.

The 296,000-square-foot building, just east of CTA el tracks on Wabash Avenue, boasts ground-floor retail space and luxury amenity spaces on multiple floors. Residents can take advantage of premier walkability to some of the Loop’s best dining, shopping, nightlife, and attractions.

If you are looking for a move-in ready luxury home, don’t pass up the chance to call one of these new developments in Chicago home.

Luxury Living Chicago Realty would love to help you narrow down the neighborhood, building, and unit that is right for you. Connect with one of our eager and experienced team members today!

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How to Downsize from a House to a Condo — What to Look For in Your Condo Search

Posted on by LLCR Staff

Are you considering or already in the process of downsizing from a house to a condo? While this process can be complicated, we want to make this transition as smooth as possible.

How To Downsize From a House to a Condo

When deciding how to downsize from a house to a condo, take the following suggestions into consideration:

  • HOA– Moving into a condo also means joining a homeowner’s association. As a member of a condo HOA, residents pay regular dues, which allow the association to maintain portions of the property. Before committing to a condo, it is essential to research the property’s HOA. Be sure to understand its covenants, conditions, and restrictions (CC&Rs), so that you know how the association operates and what your duties are as a member. These rules lay out what you can and cannot do with your exterior space, as well as pet restrictions. Your experienced broker can help you with this step so that you find the right home and right HOA.
  • Community– Condos also minimize the space between you and your neighbors. When selecting the right condo, you want to make sure you feel good about the community you are joining. Get a sense of who lives in the condo building you’re browsing and what the environment feels like. You may be looking for a home that promotes a tight-sense community, or maybe you’re okay with neighbors that keep to themselves and keep the noise level to a minimum. The neighborhood the condo is in and the price point of the units are just a few factors that can also influence the community.
  • Amenities– While downsizing to a condo typically means forfeiting space, it also means gaining excellent amenities. Condo buildings offer various perks and shared spaces, including fitness centers, pools, outdoor space, dog runs and grooming stations, conference centers and more. As you search for the perfect condo, consider which amenities you would like in your new move.
  • Parking– Trading a single-family home for a condo also means adapting to a new parking situation. As you house hunt for your condo, look into the parking options at each building. If you have a car and know that parking is non-negotiable, it may be important to find units that come with a designated parking space or at least offer parking lots or garages. While some buildings do have easily accessible and covered lots, others do not.
  • Resale Value- Just like with any home purchase, it’s wise to look into the resale value of any condo you choose to invest in. Check out the factors that impact this value and your return on investment, including the neighborhood, the condition of the condo and neighboring units, the square footage and number of bedrooms within the home, any outdoor space the home may offer, and potential renovations to further increase the value.

With greater insight into how to downsize from house to condo, it may be time for you to put these considerations into action. Partner up with Luxury Living Chicago Realty to find your dream condo. Our team of trusted experts can help make your life transition seamless.

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Summer Decorations for Your Office

Posted on by Lindsay Smith

We previously discussed how to create a home office that works for you — whether that be maximizing your home office space for two or creating a work-from-home space in your bedroom. Now, let’s dive into keeping your home office fresh with summer decorating.

Summer Decorations for Your Home Office

If you’re looking for ways to bring summer into your home office this year, keep reading for a few summer decorating ideas for your home workspace:

  • Bring in the florals: One of the easiest ways to make your home office feel refreshed for summer is to bring in some of your favorite seasonal floral arrangements. These look great sitting on your desk, a shelf, or a side table in your home office.
  • Showcase your desk calendar: Even though your summer calendar may be filled with lots of OOO, a bright, summery print on your desk calendar will add a little something extra to your home office this summer.
  • Add some greenery: Another way to breathe life into your home office is by adding some office-friendly plants to your space. Decorate your desk, shelves, or even hang a few plants by the window. Some of our favorite plants this summer are the snake plant, philodendron, and zz plant.
  • Find new planters: Now that you’ve added a few new plants to your collection, it’s time to swap out their nursery pots to ones with a bit more color for the summer. Consider crafting your own creation or finding one you like on Etsy.
  • Opt for a vibrant-colored lamp: One easy way to add another pop of color to your home office this summer is by swapping out your table or floor lamps with one that has a little more color.
  • Light a citrus candle: Adding a crisp scent to your office space when you start the work day makes you feel ultra refreshed to crank out your tasks for the day.
  • Hang breezy sheer curtains: Nothing says summer more than an open window with curtains swaying in the wind. Consider swapping out your current curtains with ones a little lighter in weight, texture, and color, like the Sheer Crosshatch Curtain from West Elm.
  • Add a mirror or two: An easy way to play up the light in your home office is by adding a few more mirrors. Since mirrors tend to extend the natural light within your room, adding a few to your home office can help you work those longer hours as needed.

If you’re in need of more space for a home office, you came to the right place. The Luxury Living team can help you find a luxury Chicago condo that suits your needs. Connect with us to start your search today!

Looking for more ways you can decorate your home this summer? Follow the link below!

Summer Decor Ideas

Summer Living Room Decor for Your Chicago Condo

Posted on by LLCR Staff

If your shared spaces are starting to feel tired and dreary, brighten them up with summer living room decor.

Summer Living Room Decor Ideas

We’ve compiled some suggestions to spruce up your shared space this season:

  1. Bright pillows– Decorative pillows are a simple way to brighten up your space for the summer. If you have more neutral furniture, incorporate colorful pillows to brighten up the entire living room.
  2. Fun blankets – Finding complimentary throws is another way to add dimension to a neutral space. Look for a lighter blanket with bold colors or playful patterns.
  3. A new rug- If you’re without a rug or need to upgrade your current one, consider investing in one with fun designs or colors to liven up the living area.
  4. Colorful prints- If your wall space is feeling pretty empty or dull, visit a local art shop and find some bright prints to add to your walls. You can also find some fun frames to go with the artwork at many local thrift shops.
  5. More plants- Incorporating greenery into your shared space can bring it to life. Visit your local plant shop or farmers market and find fun plants and pots to plant them in. Alternatively, hanging plants also adds a fun touch. You can also get in the habit of rotating out different flowers in a dazzling vase as well.
  6. String lights- Throw up some fairy string lights to brighten up your space in the evening. You’ll find this simple decor completely changes the feel of the room, especially during a summer movie night. Consider hanging up LED vine curtains string lights as a one-step solution for adding light and greenery.
  7. Invest in a diffuser- Not only are there a variety of fun diffusers out there to choose from, but this is also a way to actually freshen your place up for summer. Find the diffuser that fits your style, and then choose scented essential oils that remind you of summertime.
  8. Add Candles– Bright, scented candles throughout the living room are another easy way to enhance the smell of your space and provide you those summertime feels.

Dedicating time to switch up or add new summer living room decor can drastically refresh your space. 

If you’re ready to move on to a new living situation this summer or beyond, let Luxury Living Chicago Realty help you find the perfect luxury Chicago condo for you. Our team of experienced brokers can narrow down the space that best suits your needs. Connect with us today!

Looking for a few more decor ideas for the rest of your space this summer? Click the link below for 20+ tips on how to freshen up your home during the warmer months.

Summer Decor Ideas

Upgrade Your Balcony Decor This Summer

Posted on by LLCR Staff

Whether you’re just moving in or your outdoor areas need a refresh, the right balcony decor can positively impact your at-home experiences this summer.

Balcony Decor Ideas for Summer

Check out some of the best ways to make the most of your outdoor space this summer:

  1. Set the tone with the right furniture– Not only is outdoor furniture often the focal point of a balcony, but it is also where you’ll most likely be spending the bulk of your time if you’re outside. Be sure to find furniture that fits your aesthetic while also remaining practical. You can find multi-purpose furniture pieces, like ottoman benches that provide storage and seating all in one.
  2. Outdoor throws are a must- Not only do blankets add a nice decorative touch to a space, but they also come in handy when the temperature starts to cool down. Store the throws in an outdoor ottoman, and bring them out when you spend an evening on your balcony.
  3. Consider a fireplace- Along with blankets, outdoor fireplaces are ideal on cooler nights and they also add a cozy element to the space. Even if your balcony is smaller in size, there are plenty of smaller firepits intentionally built for patios with limited square footage.
  4. Spruce it up with greenery- Outdoor plants bring a space to life. Spend a day at a local plant shop or farmer’s market and find plants that fit your preference. You can then pot your plant in unique pot stands, hang them from the ceilings, or take advantage of window boxes. 
  5. Distinguish zones- If your space allows, treat your balcony like an indoor living room. Consider separating it into different spots to maximize the functionality. Maybe one section is for dining, while the other is for games or grilling, and another is for lounging.
  6. Incorporate mirrors- Instead of traditional all art, try hanging mirrors on your exterior walls. This move can accentuate a good view and ensure people can capture it, regardless of where they’re seated.
  7. Go with a grill- Whether you consider yourself a grill master or you simply like to entertain, investing in a quality grill can improve the use of your outdoor space (and your cooking options). You can go with a smaller grill if you’re working with less square footage, but if space isn’t an issue, find a larger grill that fits your cooking needs.

The outdoor space is just as important as the inside of a home! Be sure to take advantage of these balcony decor ideas to elevate your exterior this summer.

Looking for more outdoor space in your luxury Chicago condo? Ask an experienced Luxury Living Chicago Realty broker about the condo options that might be right for you. Our team members can find you your dream home with your ideal features inside and outside.

Follow the link below for a few more summer decor ideas you can implement throughout the rest of your home!

Summer Decor Ideas

DIY Summer Decor — Get Crafty This Summer

Posted on by Lindsay Smith

Decorating on a budget? Check out these DIY summer decor ideas.

DIY Summer Decor Ideas

In need of a few summer decor ideas on a budget or just feeling crafty? Keep reading for a few DIY decor ideas you can use for your condo this summer.

  • DIY summer wreath: If your entryway door needs some sprucing up, consider crafting your own summer wreath. Head to Michaels or Hobby Lobby and find a few handfuls of some summery flowers, ribbon, or other summery items.
  • Floral centerpiece: Whether real or artificial, some bright yellow or crisp white flowers swapped in for your kitchen or coffee table centerpiece is another easy way to bring summer inside.
  • Swap out your prints: Head over to Etsy and explore their collection of summer prints to add some tropical beach vibes to your home.
  • Painted planters: Another great DIY summer decor idea is giving your plants’ homes an upgrade. One way to do this is by painting your terra cotta (or other pre-existing) planters.
  • Summer throw pillows: This DIY is a rather simple one, but if your living room or bedroom pillows have a zipper, consider swapping out the pillowcase for a fun, summery print from Society6.
  • Stenciled welcome mats: If you’re an avid lake or beach goer, this DIY summer decor idea is perfect for you. From citrus prints to fun summer quotes, you can let your imagination run wild here.
  • Citrus stamped kitchen towels: Use lemons, limes, or even some unique leaves to bring some of the outdoors into your kitchen this summer.
  • Handmade coasters: Paint anything from fresh fruits to fun stenciled patterns. You could even paste some of your most treasured beach vacation photos, coated with some modge podge for an added layer of protection.

Now that you have a few summer decor DIYs to begin working on, it’s time to find the perfect new home to display them in. If you’re on the hunt for a new downtown Chicago condo, the experts at LLCR can help. Our team of experienced professionals are well-versed in the Chicago market and are equipped with answers to any questions you have about the home buying process. Connect with us today to start your search.

Looking for more summer decor ideas for your living room, office, balcony, and more? Follow the link below for 20+ summer decor ideas for your condo.

Summer Decor Ideas

8 Home Renovation Tips to Add Value to Your Home

Posted on by Lindsay Smith

If you find yourself asking what kinds of renovations add the most value to your home, you’re in the right place. The best home upgrades vary from person to person, but in general there are a few key areas in your home that you should focus on when going about home renovations to increase your home value.

8 Home Renovations to Increase Your Home Value

Below are some of the most worthwhile home renovations that increase your home’s value while optimizing your return on investment.

  1. Minor kitchen remodel: Upgrading the kitchen lighting, installing a new backsplash, swapping out appliances, or adding a fresh coat of paint to your walls will do wonders when it comes time to put your home on the market.
  2. Upgrade the bathroom: Replacing old lighting, fixtures, vanities, or dated wall coverings is the best bang for your buck when looking to add value to your home. Since the bathroom typically is the smallest room in the house, it’s rather cost effective to install some nicer flooring in this area to boost your resale value even more.
  3. Add some curb appeal: Nothing is worse than a beautiful home with terrible landscaping. This rather cost-effective solution to upgrading your home can be simple through the addition of a few plants or flowers and some mulching.
  4. Replace the windows: Consistently ranked as one of the top home upgrades to boost resale value, upgrading your windows will typically give you about a 75% return on your investment.
  5. Swap out your flooring: If your carpet or hardwood is rather worn down, replacing your flooring will ultimately improve your home value in the long run. 
  6. Install smart home technology: From smart locks and doorbells to high-tech lighting and energy efficient thermostats, the possibilities are endless for upgrading your home with some of these advanced technologies.
  7. Add a fresh coat of paint: One of the easiest and most cost-efficient renovation ideas for your home is to give your walls a fresh coat of paint. Swapping out your dated wallpaper or a funky colored paint for a fresher, more versatile option is a great way to make your home more appealing and desirable.
  8. Finish your basement: Finished basements tend to give homeowners a return of anywhere between 50-75% of their investment, making it another great option for your home renovations.

Now that you have an idea of some of the top renovations you can make to your home to receive the highest ROI, it’s time to get started on the selling process. Connect with one of our experienced team members today to help walk you through the selling process and assist you in the purchase of your new home as well.

Looking for more renovation ideas for every room in your home? Follow the link below!

Condo Renovation Ideas For Every Room

Summer Decor Ideas for Your Chicago Condo

Posted on by Lindsay Smith

When you’re not out enjoying the beach at your favorite tropical destination, you may be wondering how else you can experience the greatness of summer all season long even when at home. Thankfully, we have plenty of summer decor ideas that you can use to freshen up your condo for the summer season.

Summer Living Room Decor

When summer rolls around, it’s time to get thinking of how you can turn your most-used space into a warm-weather retreat. Keep reading for a few summer decor ideas for your living room:

  • Play up the bold colors: Summertime is for all the bright, cheery colors. Adding a few more pops of color to your space throughout the sunnier months is a great way to embrace all aspects of summer. Consider bringing in a few bright colors and patterns to your statement pieces, decor, or artwork.
  • Organize your beach gear: If you’re an avid beach go-er, this is a must. Having a visually-appealing place to store your beach and outdoorsy essentials for the summer is a great way to play up the summer theme whilst finding a better place to store your most-used summer items. Consider swapping your blanket basket for one that holds your beach towels, sunscreen, and other summertime essentials.
  • Bring on the breezy: From flowy curtains to light throws, adding some shades of white through varying textures and fabrics is a perfect way to feel refreshed and cool during those extra-hot months.
  • Swap out your pillows: If you’re a fan of the darker patterns and colors on your throw pillows, consider exchanging those with fun and bright florals or other patterns for the summer months.
  • Introduce new artwork: An easy way to add some summer accents to your walls without repainting them is switching up your artwork. Consider adding some fun-colored prints or destination maps to your pre-existing  frames.

For more condo decorating ideas for your living room, click here.

Summer Decorations for Your Home Office

With many of us in this new hybrid or fully remote world, your home office is another staple area to bring in some summer decor. Here are just a few summer decor office ideas:

  • Embrace your inner green thumb: Even if you’re not the best at keeping plants alive, there are plenty of plants that are perfect for the summer months and are pretty tough to kill (keep reading for some of our favorite picks!)
  • Light a few summer-scented candles: Adding some linen or lemon-scented candles really elevates the summertime mood, especially when you’re longing to be outside after working for hours in your home office.
  • Play up the mirrors: Since home offices are typically smaller spaces, it’s important to enhance all the natural light within your space by utilizing mirrors. Mirrors are a great way to extend the natural light within a room, which is exceptionally important when we get so much of it during the summer months.

Looking for a few more home office design ideas all year around? Check out our blog on maximizing space in your home office.

Balcony Decor for Summer

It goes without saying that your balcony or other outdoor space is one of the most important spaces in your home to focus on for creating that summer retreat feel. Below are a few balcony decor ideas for summer:

  • Bring the bar cart outside: Since many of your get-togethers will be hosted outside all summer long, it only makes sense that your bar cart moves with you. Here you can host all of the fun cocktail mixers and glassware for those perfect summery drinks.
  • Fire up the fire pit: If your condo allows it, consider adding a fire pit to your backyard. If that’s not in the cards for you, there are also plenty of fire pit tables that use propane or natural gas so you can still achieve those cozy campfire vibes.
  • String some lights: When the sun goes down, some twinkling string lights are a great way to keep the vibes up even after the sun sets.
  • Add an umbrella: If you have some outdoor seating, whether that be a dining table or lounge seating, an umbrella is another great add to your space. Aside from the aesthetic booster, adding an umbrella also protects from the ultra-sunny rays when you want to stay cool.

Decorate with Small Indoor Plants

One of the most cost efficient ways to breathe new life into your space during the summer is with some smaller indoor plants. Here are some of our favorite hard-to-kill plants:

  • Pothos: These low-light loving plants are known for their long leggy vines that look fantastic on shelves. Pothos also tend to grow pretty fast, so they’re a fun one to experiment with.
  • Philodendron: Also an easy-going plant, philodendrons are often touted for their air-cleaning abilities indoors; just another plus of having this in your home!
  • Snake Plant: One of the toughest houseplants, these plants can tolerate almost all types of indoor conditions making it a great pick for an indoor plant.
  • Succulents: One of the easiest plants out there is the succulent. This plant is perfect for starters, as it hardly needs watered or cared for.
  • Aloe Vera: Perfect for summer, you can actually use the gel inside of this desert plant as a traditional sunburn soother. 

DIY Summer Decor

Part of the summer decorating fun is DIYing some of the decor yourselves. Check out a few DIY summer decor ideas:

  • Dipped planters: Speaking of plants, one of the easiest DIY summer decor pieces are painted or “dipped” planters. Tape off an area you want to paint on your ceramic planter and get to painting! When choosing which color to use, consider going with a fun and bright color to play up the summertime theme.
  • Stenciled welcome mats: Perfect for knocking all the sand off your shoes, a stenciled welcome mat is a summer decor DIY must. From watermelons to fun sayings, you can let your imagination run wild here.
  • DIY tote bags: DIYing your own tote bags is great for all the farmers market go-ers. Grab some blank canvas tote bags from your local craft store, cut out a template you’d like to use, and get to painting. When all said and done with your new tote bags, display them proudly on your entryway hooks so everyone can see your crafty endeavours. 
  • Serving trays: The possibilities are endless with this fun DIY summer decor craft. Grab a blank wooden serving tray from your craft store and paint it, add a fun print, or try something unique like mosaic glass or pressed flowers. After hosting your get-together, you can use these trays as a centerpiece for a coffee table or display it on your kitchen island.
  • Handmade coasters: This easy DIY is perfect for your summer parties or any warm-weather entertaining in general. If you’re always in need of a spot to sit your punch, soda, or any fun cocktail, you absolutely need to try this DIY. Paint anything from lemons and limes, to fun stenciled patterns and prints, to photos of your beach vacations, and more. Bonus tip: these coasters are not only great for parties, but they also look great sitting out on your coffee table all summer long, too.

Summer Party Decor Ideas

Want to make your backyard the place to be this summer? Consider adding a few of these summer party decor ideas to your next party to-do list:

  • Style your bar cart: A must for summer parties, make sure your bar cart is stocked with colorful pieces like bowls of citrus, floral and fruity mixers, and fun-colored cocktail glasses.
  • String a garland or lights: Nothing says a summer party like a festive and fun garland or twinkling lights.
  • Play up the bold colors: Hang some fun-colored paper lanterns or play up the summer colors through your table linens.
  • Florals are your friend: For a summertime party, floral arrangements are key. Whether that means bringing out some of your favorite indoor plants or picking up a few bouquets of your summer favorites, florals are a great way to add a little something extra to your summer get-togethers.
  • Get beachy: If you’re hosting a beach-themed party, search for some nautical elements. These accents can be found anywhere from plates and napkins to decor and party food.

Summer is the perfect time to start adding bits of cheery colors, florals, and breezy textures to your home. Now that you have a few ideas for making your home the ultimate summer retreat, it’s time to start decorating.

If you’re looking for a new place with more outdoor space, a balcony, added natural light, or just something different, connect with us today! The experienced Luxury Living team is here to help find you your perfect home, during the summer months or any time after that. Get in touch with us today!

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Tips to Shrink your Property’s Footprint

Posted on by LLCR Staff

As a homeowner, you can reduce your property’s footprint and help protect the environment. We’re here to help share some practical ways to do this.

According to the Energy Information Administration, the U.S. residential sector accounts for 21 percent of all energy consumption and is responsible for 20 percent of our country’s carbon emissions. This means that improving your home’s energy efficiency doesn’t just help reduce your bill, but it also helps reduce your property’s footprint.

Check out these simple steps to living a more energy-efficient lifestyle within your home.

Tips to Shrink Your Property’s Footprint

  • Invest in a smart thermostat– Many smart thermostats learn your temperature preferences and establish a schedule that automatically adjusts to energy-saving temperatures when you are asleep or away.
  • Keep your home tightly sealed- Air sealing your property is a great way to avoid leaks and drafts in your home, saving you on heating and cooling bills while improving energy efficiency.
  • Wash your clothes in cold water- Nearly all of the energy the washing machine uses goes towards heating the water. According to the Sierra Club, every household that switches to cold water washing could eliminate about 1,600 pounds of carbon dioxide a year.

Recycling and Waste Reduction

Recycling can minimize the rate of global climate change by reducing the extraction of raw materials from the earth and the amount of fossil fuel burnt in the manufacturing process.

Consider the following to reduce your waste and carbon footprint:

  • Visit Recycle by City to find out what you can do and what can be recycled.
  • Bring your reusable food containers with you to restaurants for leftovers.
  • Find a service that stops sending junk mail.
  • Donate old clothes that are not in great condition to H&M so that the materials can be repurposed.
  • Find a company that will recycle old phones or electronics.

Reducing Toxins

There are multiple ways you can reduce the toxins your property emits to shrink the footprint it leaves:

  • Install a water filtration system to remove lead, pharmaceuticals, and other toxic substances.
  • Switch from non-stick cookware to stainless steel or glass cookware and bakeware. Research shows that the chemicals used to manufacture non-stick coatings can harm human health and the environment.
  • Buy mattresses and couches free of flame retardants, which have been found to be toxic to humans.
  • Use non-toxic paints to avoid inhaling toxic fumes.
  • Invest in an indoor air purifier to help with air quality.

Solar and Clean Energy

These types of energy can significantly reduce the CO2 emissions per unit of electricity. Consider the following:

  • Federal and state incentives can help cover up to half the cost of switching to solar in your home.
  • Power your home with solar energy without installing panels through the program Community Solar.
  • Find out if your roof is a good candidate for solar with Rooftop Resources.
  • Visit Illinois Shines to find out what the state is up to regarding solar power.

Water Conservation

Learn how to reduce your water usage to make your home more environmentally friendly:

  • Run your dishwasher only when it’s fully loaded.
  • Flush your toilets less.
  • Upgrade old showers and faucets with newer efficient models.

Protecting our environment can begin in your home. Start implementing these tips so that you can reduce your bill and the footprint you leave.

Looking for a new construction home with the latest energy efficient appliances and features? Connect with our experienced team of professionals today. We are here to help you find the home of your dreams that checks off all the boxes.

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Condo Vs. House Investment Property — Get the Best Possible Return

Posted on by Lindsay Smith

An investment property can be a lucrative opportunity in Chicago — but should you buy a house or a condo to get a great return on your investment? There are a few aspects to compare with condo vs. house investment properties, keep reading to learn more.

Condo vs. House Investment Property

When deciding whether to buy a condo vs. a house, there are many things to consider and your return on investment is one of them.

Unfortunately, there is no clear cut answer for which property gets the best return on investment. There are many factors that affect this, including your particular property, the location it’s in, and the current market.

Both condos and single family homes are great investments, but one may be better for your current situation. 

Condos are a great investment for those:

Single family homes are a great investment for those:

  • Who live in more rural areas or the suburbs
  • Who want endless possibilities for renovations/demolitions
  • Who do not want to follow the rules/regulations of an HOA
  • Who are okay with maintaining the exterior and interior upkeep, as well as the landscaping
  • Who plan to house hack, or rent out portions of their residence to generate income

Overall, when deciding between investing in a condo vs. a house, both are great options. No matter which option is the best fit for you, buying is always a great choice for those looking to build equity and achieve a good return on their investment.

If you’re considering buying as an investment property, LLCR can help you find the best opportunity for your budget. Check out the latest Chicago condos for sale or get in touch with us to start your home search.

Still weighing the pros and cons of buying a condo? Follow the link below!

Condo Vs. House Pros & Cons

Rightsizing Your Home — How to Upsize or Downsize to a Condo

Posted on by Lindsay Smith

Is it time to upsize from your apartment? Should you downsize from your family home? Check out our tips on rightsizing your home.

What Does Rightsizing Your Home Mean?

Rightsizing your home means re-evaluating your current home situation and making an adjustment, whether that be for more space or less. 

Downsizing may be a great move if you consider yourself a minimalist and have lots of extra room but not many material possessions. If you’re finding yourself with too much to keep up with and not enough time to do so, downsizing also might be a good option for you. Retirees and empty nesters are typically more inclined to downsize as well, with the children gone and no need for a home office.

Upsizing is a great move for those who find themselves a little cramped in their current home and in need of some extra storage or living space. Upsizing to a nicer neighborhood may also be the move for you. If your family is expanding, upsizing your home might be a non-negotiable as well.

Cost Differences Between Apartments and Condos

When rightsizing your home, it’s important to take into consideration the cost difference between apartments and condos. 

If you are considering purchasing your own condo, expect to pay much higher up-front costs than if you choose to rent an apartment. However, don’t let these expenses scare you away, as condos are a great investment for those looking to stay in one location for a handful of years or more.

When you choose to rent an apartment, you will generally be required to cover the first month’s rent along with a security deposit and an application fee. The additional costs you can expect while living in an apartment can also include utility fees, parking fees, storage fees, and pet fees.

Purchasing a condo, on the other hand, generally requires a sizable down payment and closing costs. Additionally, condo owners will typically have to pay a monthly HOA fee, which covers any routine exterior maintenance on your building, the upkeep of amenities, and some utilities. This fee tends to be around $200 for a smaller building, to up to several hundred for larger complexes. Additional expenses that come with living in a condo include utilities and any maintenance or upkeep within the interior walls of your space.

Condo vs. Apartment Living

Both condos and apartments are great options for those looking to rightsize their family home. Let’s take a look at some of the pros and cons of condo vs. apartment living.

  • When you live in a condo, your space will be more customizable than that of an apartment. For example, if you want to paint the walls or add all new kitchen appliances, you’re free to do that. As for apartments, you’re still able to make some updates, but you should expect to revert any of your crafty endeavors back to its original upon move-out.
  • Maintenance-wise, apartment living takes the cake. As you are typically not responsible if your refrigerator randomly breaks down in your apartment, you are the responsible one to get that replaced if you’re a condo-owner. Having some added peace-of-mind that you’re pretty much hands-off when it comes to routine or random maintenance is a plus for renters.
  • The types of amenities offered at both condos and apartments is also something worth noting. For the most part, washer and dryers, green space, and some sort of common room are offered as amenities in both condos and apartments. Since condos attract owners rather than temporary tenants, there tends to be more of an incentive to feature more attractive amenities in the condo community. Some luxury condo amenities can include valet-service, coffee shops, concierge, spas, impressive rooftops, and more.
  • If you’re not sure where you’ll be in the next year or so, apartment living may be a good fit for you. With the flexibility of relocation for renters, this is a great option for anyone who is planning to move to a new location for just a year or two before packing up and moving again.
  • Neighbors are also another factor to consider when it comes to apartment vs. condo living. When you’re a condo owner, your fellow neighbors are generally there for 5-15 years. When you’re renting, your neighbors typically don’t stay for more than a few years at a time. If building relationships with your neighbors is important to you, condo living may be your best bet.

How to Downsize From a House to a Condo

After rightsizing your home and discovering that downsizing from a house to a condo is the right move for you, it’s time to spring into action.

There are many adjustments when it comes time to make the transition from home to high rise. While this may seem like a huge shift for you, it can prove to be such an exciting move for many. Below are a few tips for how to downsize from a house to a condo:

  1. Get in touch with your trusted Luxury Living professional. Having an experienced agent by your side throughout this process will make for less headaches for you and assure you that things are moving in the right direction.
  2. What is the goal of your move? After you find your trusted agent, it’s time to sit down and have a conversation with them about the goal of your move and what you’re looking for in a new condo. Since you plan to downsize from a house to a condo, this may be a two-part transaction. Let your agent know your situation and they will be able to help you list your current home all whilst finding you a new condo.
  3. Create your condo checklist. When you dive into your new condo checklist with your broker, be sure to include everything from the style of the building to any features or finishes and location. From there, your agent will get you set up on the MLS to start receiving new condo listings daily.
  4. Get pre-approved. Note, as you begin shopping for your new condo, it’s important to get pre-approved first. This will allow you to have a leg up on other buyers when it comes time to put an offer in. 
  5. Begin touring homes. If you find a home that you’d like to explore more of, connect with your broker and set up a time to explore more in person.
  6. Land the deal. After you find a home you like and are ready to make the offer, your real estate agent will help you get the deal with their many negotiating tactics and strategies.
  7. Time to close. If you hear the good news that your offer was accepted, there are just a few additional steps you will need to take when closing on your home. To uncover the final steps of your condo buying journey, click here.

Downsizing Home Checklist for a Better Condo Moving Process

If you’re in the closing process for your new condo, it’s time to start running through the checklist and begin your downsizing process:

  1. Get your moving plan in place. When is your move-in date? And do you need to hire movers? Begin working on finding movers within your budget and time frame, as this will allow for a more seamless moving process when your moving day rolls around.
  2. Consider creating a floor plan for your new condo and decide which of your larger furniture pieces will fit and which won’t be making it to the new place. Getting the larger items sorted out first makes the little stuff much easier.
  3. Create a vision for your space. After you’ve decided which big furniture items you are keeping, it’s important to consider if you will be redesigning your new space. Creating a vision for your space will help when it comes time to begin paring down your smaller furniture and decor pieces throughout your current home. Click here for more tips and tricks when starting the design process.
  4. Start paring down your belongings. Once you have a plan in place with where your furniture will go and the new look and feel of your space, it’s time to start paring down your belongings in your current home. Start by taking inventory of everything within your home and begin making a checklist of what items to move into your new condo and which items to part with. Remember, every little thing you can get rid of when it comes time to move makes the moving process much easier.
  5. It’s packing time! After you’ve finished decluttering your space, it’s time to get packing. One thing to note when packing: be sure to leave out a few day-of and next-day items like your toothbrush and a change of clothes, as you probably won’t be able to tackle all of your boxes on move-in day.
  6. The waiting game. So you’re all packed up, you have your moving plan in place, and a vision for your brand new condo. What next? If you’re all geared up and ready to go, it’s just a waiting game until move-in day.

Rightsizing your home is a big change and there are many factors to be considered before doing so. If you find yourself asking questions about if rightsizing is the best move for you, connect with the experienced team of Luxury Living professionals today. Whether you choose to move to a Chicago condo or apartment, we are here to help you every step of the way.

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Looking for More Living Space? Check Out These Chicago Condos for Sale

Posted on by LLCR Staff

If you’re looking to buy rather than rent or looking for more space, consider a Chicago condo. The Windy City offers plenty of spacious places to call home. 

Check out a few of our favorite Chicago condos for sale:

Chicago Condos For Sale

Norweta – 2633 + 2643 N Hermitage Ave – These unique 2- and 4-bedroom condominiums provide residents with a charming living experience in the heart of Lincoln Park. They offer ample natural light, wide-open layouts, perfect room dimensions and spacious private terraces. The Penthouse Collection at Norweta provides a stunning multi-floor living space ideal for everyday resort-style living and entertaining, along with large private outdoor spaces offering amazing city views.

Alcove Wicker Park – 1648 W Division Street – These Wicker Park condominiums and duplexes feature 2-4 bedrooms with open floor plans, high ceilings, and designer finishes. A single floor could be up to 2,400 square feet. Residents can enjoy expansive private outdoor space plus a rooftop deck with city views and a landscaped courtyard outside the building’s front door. Townhomes feature 3-4 bedrooms with a spacious penthouse room located on the top floor. 

Triangle Square Condo – 1701 W Webster Avenue – This new collection of 72 exceptionally designed homes in East Bucktown features expansive living areas filled with natural light, perfect for entertaining or relaxing at home. Prospective owners can choose from two- to three-bedroom units with options for dens or office space.

One Bennett Park – 451 E Grand Avenue – These ultra-luxury condominiums are located in the lively Streeterville neighborhood, nestled on Chicago’s north lakefront. Residents have the choice among two to four-bedroom residences with custom interiors. They can take advantage of 5,000 square feet of private amenities and soak up views of Lake Michigan and the Windy City skyline.

Tribune Tower Residences – 435 Michigan Avenue – A Chicago Architecture masterpiece now plays host to ultra-luxury condo residences. Located in the historic Tribune Tower in River North, these homes boast spacious layouts range from one to four bedrooms. The Tribune Tower hosts 162 residences with 56 different floor plans. It also features over 55,000 square feet of amenities over four floors of the building as an extension of your home. Don’t miss a once-in-a-lifetime opportunity to own a home in one of Chicago’s most iconic buildings.

Cirrus – 211 N Harbor Drive – The beautiful building features an array of luxury condos in the Lakeshore East neighborhood. Choose from one, two, three, and four-bedroom penthouses, townhomes and deluxe penthouses with contemporary finishes. Each unit boasts floor-to-ceiling windows framing unique views of the city and Lake Michigan.

Upgrade your space and consider these roomy condos or our other new construction Chicago condos available. An LLCR  team member can help you make the transition from renting to buying seamless. Connect with us today!

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The Property Tax of a Condo Vs. House and Other Costs to Consider

Posted on by LLCR Staff

As one searches for the right home, there are many elements to consider, including the different costs involved in the purchase. If you’re deciding which type of home is best for you, make sure to compare the property tax of a condo vs. house.

The Property Tax of a Condo Vs. House

Some people assume that the property tax is lower for condos since this property type tends to be smaller than single-family homes. However, this is not always the case.

Property tax is determined by both a home’s assessed value and the mill levy or local tax rate for your area.

Multiple factors impact a home’s assessed value, including square footage, number of bedrooms, updates and other internal characteristics. However, indirect characteristics, such as neighborhood and current state of the market also affect that number. An assessor is the one responsible for evaluating the home’s value based on all of these factors.

If you are looking for an updated luxury condo in a popular Chicago neighborhood, the assessed value could be higher than that of a larger single-family home outside of the city.

The State of Illinois is known for its steep property tax rates. Cook County is no different, with an average effective rate of 2.1%, nearly double the national average.

So when comparing property tax of a condo vs. house, the answer isn’t black and white. A buyer must investigate the value of their property and the tax rate in the area to understand the expected property tax rates of potential properties.

Other Costs to Consider

Beyond property taxes and sale price, there are other costs that a buyer should keep in mind when comparing condos vs. single-family homes.

Insurance and homeowner association fees are two significant expenses that one needs to determine before closing on a property.

Homeowner insurance is typically lower for a condo since the HOA shoulders some of the coverage. The HOA is often responsible for covering the roof and exterior features of the home.

However, to be members of homeowners associations, condo owners are expected to pay monthly or annual dues to their HOA.

Some single-family homeowners also belong to HOAs, which means the owner will also be responsible for member dues. However, luxury condos tend to offer more amenities than single-family home communities, which can bump up those costs.

Although belonging to an HOA comes with membership fees, this type of membership can save a homeowner money. If you are considering a property that has an HOA, determine what expenses they cover. It is common for condo associations to pay for maintaining the exterior part of the property, including landscaping and snow removal. 

As you begin weighing the property tax of a condo vs. house and wrapping your mind around other costs, it may seem overwhelming. Let the Luxury Living Chicago Realty team help simplify this process and find you the perfect home. Connect with one of our experienced team members so we can help you with this journey!

For more pros and cons of buying a condo vs. a house in Chicago, follow the link below.

Condo Vs. House

Buying New Construction 

Posted on by LLCR Staff

Deciding to purchase a home comes with many other choices, including the decision to buy completely new construction.

While there are plenty of reasons brand new builds are so appealing to homeowners, some factors may incline buyers to go with a more established property.

So what’s the right choice for you?

New Construction Versus Established Properties

There is something attractive about a brand new, sparkling clean home that has never been lived in by anyone else. This factor alone draws many people to new builds.  

With new construction, there is no need for updating or renovating. New builds are complete with modern designs and finishes, and often the latest technology and coolest amenities.

New builds can also make great investments. They enable owners or landlords to avoid the regular maintenance and repairs that often come with older homes.

Some new builds enable the buyer to personalize the home, ensuring the details within are unique and custom. Additionally, many new homes are in up-and-coming areas with high rental demand and excellent returns, making them a great investment.

Sometimes a homebuyer may-opt out of buying a brand new home. This is often the case for buyers who are interested in more of a fixer-upper. Older homes can also make excellent investment properties, especially if the buyer can purchase it at a fair price and renovate to increase the home’s resale value.

As you compare new construction to established properties, it’s important to keep in mind that material costs are expensive. Building a new home with quality materials is not cheap, but neither is renovating an older place with new materials.

Both choices come at a cost, but it is ultimately up to the homeowner to decide which route makes the most sense for them.

LLCR’s New Construction

Luxury Living Chicago Realty is excited to announce our website’s “New Construction” page. Here you can find all of the available new developments here in the Windy City.

At the moment, there are multiple new properties worth considering. Check out these brand new buildings throughout Chicago:

  • 1400 W Monroe – Located in the booming West Loop neighborhood, this new construction building designed by MoJo Summer features modern layouts, custom-designed kitchens and loft-style windows that allow for natural light, and spacious suites.
  • Cirrus – The beautiful building features luxury condos in the popular Lakeshore East neighborhood. Each residence includes sleek and modern finishes, 9-foot ceiling heights, quartz countertops, energy-efficient Bosch and Gaggenau appliances, floor-to-ceiling windows framing unique views of the city and Lake Michigan, and more.
  • Norweta – These unique 2- and 4-bedroom condominiums provide residents a charming living experience in the heart of Lincoln Park. Each meticulously crafted unit boasts perfect room dimensions, tons of natural light, and wide-open layouts that work for every stage of your life. 

To learn more about our new construction or tour one of the latest luxury condos in the Chicago market, connect with one of our agents today.

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A Guide to Homeownership Grants and Programs

Posted on by LLCR Staff

At Luxury Living Chicago Realty, we want any potential homeowner to walk through the buying process as informed and confident as possible. That is why we have put together a guide to homeownership grants and programs.

Here are different Illinois and Chicago homeownership grants to consider or be aware of:

  • 1st Home of Illinois- The Illinois Housing Development Authority introduced this financial assistance program to help first-time home buyers purchase the home of their dreams. It helps with down payment or closing cost assistance for first-time homeowners and veterans purchasing existing homes.
  • Federal Home Loan Bank of Chicago Downpayment Plus & Plus Advantage- The Downpayment Plus Programs offer its members easy-to-access down payment and closing costs assistance programs for very low-, low- and moderate-income home buyers to help them afford upfront costs associated with purchasing a home. These expenses are either paid in a forgivable grant or offered by a nonprofit organization.
  • IHDAccess Forgiven- This mortgage program provides 4% of the purchase price up to $6,000 in assistance for the down payment and closing costs. This money is considered a gift and is forgiven monthly over ten years. First-time and repeat homebuyers across Illinois are eligible for this program.
  • IHDAcess Deferred– This financial assistance program provides 5% of the purchase price up to $7,5000 for the down payment and closing costs. The funds are offered as an interest-free loan and deferred through the life of the mortgage.  First-time homebuyers and repeat buyers are eligible for this mortgage. The borrower must have a minimum credit score of 640.
  • IHDAccess Repayable– Those who qualify for this mortgage receive 10% of the purchase price up to $10,000 in financial assistance for the down payment and closing costs. The funds provided are considered an interest-free loan and repaid monthly over ten years. 

Illinois and the city of Chicago also offers a variety of programs and initiatives for homebuyers:

The homeownership grants and programs offered in Illinois and Chicago have helped ensure that more people can make securing their dream home a reality. If you are looking to find your very own place to call home, connect with one of our real estate experts today!

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National Homeownership Month

Posted on by Lindsay Smith

June is National Homeownership Month!

Homeownership is a big step and is one that requires a lot of preparation and work. If you’re ready to start your home buying journey, we have a few homeownership tips and tricks to share with you.

Benefits of Owning a Home

Owning a home comes with many benefits, from building your credit to just having a space to call your own. Here are just a few additional benefits to homeownership:

  • Building equity: Equity is the difference between what you owe on your mortgage and what your home is currently worth, according to Quicken Loans. The more equity you build, the more borrowing and purchasing power you have, which is helpful if you’re looking to buy a second home or take out a home equity line of credit.
  • Price appreciation: Homes tend to go up in value over time. The national average for home appreciation is 3.5-3.8% per year. This may not seem like a lot, but if you multiply that by 30 years, you’ve earned a substantial amount just through appreciation.
  • Tax benefits: Buying a home is a great way to reduce your final taxes because the IRS automatically qualifies homeowners for various tax breaks. This is one of the ways that the government has promoted Americans to purchase homes.

These are just a few of the many benefits of homeownership. If you’re interested in learning more about some additional benefits of owning a home, connect with one of our experienced team members today.

Preparing to Purchase Your First Home

If you’re a first time homebuyer and are not sure where to start, you came to the right place.

When preparing to purchase a home, there are a few steps you should take before starting your house hunt:

  1. Connect with your real estate agent and conduct a buyer’s consultation
  2. Get pre-approved by a lender
  3. Start gathering for a down payment
  4. Find the right partners
  5. Consider your timeline

For more in-depth information on these 5 steps to prepare to purchase your first home, click here.

The 10 Steps to Buying a Home

When you’re ready to embark on your home buying journey, it’s important to get an idea of what the actual home buying process entails.

Buying a home is a big step that involves a lot of financial and market research, as there’s a whole new vocabulary of words and acronyms to learn. 

If you are just beginning the process, here is an overview of 10 steps to buying your first home:

  1. Ask yourself: are you ready to buy?
  2. Check your credit report and score
  3. Start gathering for a down payment
  4. Find the right partners
  5. Get pre-approved by a lender
  6. Start shopping for a home
  7. Make the offer
  8. Get a home inspection and appraisal
  9. Close on your new home
  10. Move-in & consider various post-closing tasks

Ready to dive deeper into these 10 steps to buying a home? Click here.

From your first buyer consultation to many years down the road of homeownership, the Luxury Living team is here to help you at every step of the way.

If you’re ready to start the home buying conversation, connect with us today!

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Consider These Pros and Cons of Buying a Condo

Posted on by Lindsay Smith

If you find yourself asking “Why buy a condo?”, we’re here to help answer your question. There are many pros and cons to consider if you’re planning on buying a condo; and it’s important to do your homework before deciding on which style of home to go with.

Pros and Cons of Buying a Condo

Condos are a great option for those looking to buy their first home or even for those that are just looking to simplify things a little bit. Whether you’re a first-time homebuyer or an experienced homeowner, many agree that living in a condo has tons of positives:

  • Location: One of the biggest upsides to buying a condo, especially in the city, is the proximity to all the things the city has to offer. Since there aren’t many single-family homes for sale in downtown Chicago, a condo is a great way to achieve homeownership while still being within walking or short driving distance to many of the city’s top restaurants, nightlife, and attractions.
  • More Options: Living in the city means there are many more condo options available than there are single-family homes. This means you can be choosier in your home search with things like location, amenities offered, square footage, and more.
  • Amenities: Another great plus to living in a condo is that the building comes with added amenities. These amenities can include a fitness center, pool, and outdoor lounge areas.
  • Less Maintenance: While you are still in charge of any maintenance within the inside walls of your condo, you are generally not responsible for the exterior upkeep and landscaping at your condo building. Whether you’re a first-time homebuyer or just looking for a little less upkeep, this is a great plus to condo living.
  • More Affordable: In larger cities, condos tend to be more cost-efficient than single family homes or even townhomes. Not only are the price points a lot less, but condo-owners tend to get cheaper insurance as well, making your monthly payment significantly lower than single-family home owners.

It’s important to not only look at the positive side of things with condo-ownership, but also some of the negatives:

  • Rules and Regulations: One of the most important factors you have to consider before moving into a condo are that there are a few condo rules and regulations set by your condo’s HOA that you have to follow. These rules can limit what you’re able to do inside and/or outside your unit, like tearing down any walls in your condo or keeping in mind a few rules when using the common areas.
  • More Fees: With condo-ownership comes additional condo HOA fees. This amount ranges depending on the building you choose to live in, but the HOA fee typically covers routine building maintenance, amenity upkeep, landscaping, garbage removal, and more.
  • Less Privacy: Living in a condo means you share walls with other condo-owners, which also means a bit less privacy for you. For those moving from renting an apartment to owning a condo, this won’t be too noticeable for you. But for those looking to move from a single-family home to a condo, this is an important factor to keep in mind.
  • Less Space: Typically, owning a condo comes with a little less space. When living in the city, the location and amenities within your building come at a cost, and that cost typically is the lack of space. With those just starting out on their home buying journey or those that live with minimal stuff, this isn’t a huge problem for many city dwellers.

If condo living sounds like the perfect fit for you, it’s time to start exploring your condo options in the Chicago area! Get in touch with the Luxury Living team today to assist you in your search and answer any other additional questions you may have about buying a condo or home buying in general.

Still weighing the pros and cons of buying a condo vs. a single-family home? Follow the link below for everything you need to know before deciding whether a condo or a single-family home is best for you.

Condo Vs. House

Is a Condo a Good First Home? Why to Consider a Condo Before Buying a House

Posted on by Lindsay Smith

There are so many questions when it comes time to buy your first home, and deciding whether to buy a condo vs. a house is one of them. Keep reading to uncover a few reasons as to why a condo is a good first home.

Is a Condo a Good First Home?

The short answer is… yes.

If you’re on the hunt for a new home in Chicago, here are a few tips as to why condos can serve as good first homes:

  • First and foremost, condos tend to come at a cheaper price point than most single family homes do. You can typically save anywhere between 10-15% when opting for a condo over a house.
  • With the cheaper price point comes a lower amount of money needed to put down on a condo. Since you can now put anywhere between 3-5% down with a good credit score, owning a condo is much more attainable than you may think.
  • Another great advantage of owning a condo as a first-time homebuyer in Chicago is that there are many more condos on the market than single family homes. Choosing a condo vs. a house means you get to be choosier with your new home, including the location, amenities, interior finishes, etc.
  • One of the other key points to purchasing a condo as your first home is the minimal amount of effort needed to maintain it. In most condo buildings, there will be an HOA that covers things like exterior repairs, landscaping, some utilities, and amenities. There will be additional monthly HOA fees involved in this upkeep for everyone in the building, but it’s a lot less stress on you. This is a huge advantage, especially when navigating your first homeownership experience.
  • Another plus of owning a condo in Chicago is a shorter commute. Since reasonably priced single family homes are few and far between in the heart of the city, condos are a fantastic option for those looking to stay in the hustle and bustle.
  • Amenities are also a great addition to owning condos over single family homes. In some condos, you can enjoy shared pools, outdoor patios, fitness centers, parking garages, and more.

Overall, condos check off many of the boxes for those looking for a first-time homebuyer experience. Condos typically tend to be just the right size, they have great resale value especially in the city, it allows you to build some equity, and there are less headaches to run into thanks to the additional help from your HOA.

First-time homebuying can be stressful, but we are here to help make the process as seamless and stress-free as possible. If you’re looking to buy your first home, the compassionate experts at LLCR can help answer any questions you have, as well as lead you through the process in finding your new home. Contact us today to start your search.

Looking to dive deeper into the pros and cons of buying a condo vs. a house? Follow the button below!

Condo Vs. House Pros and Cons

Condo Vs. House — The Pros and Cons

Posted on by LLCR Staff

Are you ready to purchase a home but not sure what property type will best suit your needs? We are here to help you make the decision that is best for you!

Check out the pros and cons of buying a condo vs. a house in Chicago.

Pros and Cons of Buying a Home

Purchasing a single-family home is a big financial move. It is one that many people plan and save up for, but is buying a home the right move for you? It is an investment that requires weighing both the pros and cons. 

So what are the benefits of owning a detached home?

  • Space: A home usually provides more space than a condo or apartment. You can expect more square footage inside, possibly more floors and a backyard or garden outdoors. 
  • Privacy: Along with more space, not sharing a wall and having your own yard guarantees some added privacy, further from neighbors. This can bring an added level of peace and quiet.
  • More Freedom: When you don’t co-own a space, you have a lot more control over what you do with your property and how you take care of it. There are more possibilities for renovation and expansion.

While many people enjoy homeownership, it is important also to be aware of the disadvantages to purchasing this property type:

  • A Higher Purchase Price: While detached homes provide more space and freedom, homeowners pay for these perks. The asking price for single-family homes is typically higher than that of condos.
  • More maintenance: Unless you decide to hire someone to maintain the appearance of your home, that is a cost and job that’s on the homeowner shoulders.
  • Housing taxes: Single-family home taxes tend to run higher than condos because the value of these properties is also higher. So be sure your bank account is prepared for these additional expenses if you are considering buying a home.

Condo as a First Home

There are plenty of reasons why a condo makes an ideal first home. First and foremost, you will find that most condos are more affordable than single-family homes. In fact, condos tend to be priced 10 to 15 percent lower than single-family homes.

Because condominiums tend to cost less, the amount of money needed to put down on a condo is also lower than what is required to purchase a single-family home. With a good credit score, you can typically put just three to five percent down. This can make buying your first home much more attainable.

If you have never owned a home before, a condo makes a fantastic first purchase because it requires less home maintenance than a stand-alone home, which can alleviate extra work and stress. HOAs manage condos and typically take care of a lot of the outside work and maintain amenities or community spaces.

Pros and Cons of Buying a Condo

Along with being more cost-effective and less maintenance, condo ownership comes with additional perks:

  • Convenience: Many condos, especially in downtown Chicago, offer a central location with proximity to city living. Condo residents often find themselves within walking distance of parks, grocery stores, retail shops, and public transit.
  • Amenities: Shared amenities attract many potential condo buyers. Why wouldn’t you want a pool, gym, and community clubhouse all just a few steps away from your home? While amenities vary depending on the condo, you can choose which amenities are non-negotiable during the browsing process.
  • Community: Condo living can help create a tight-knit community. With residents living close to one another, it’s easy for neighbors to connect simply by crossing paths or when using shared amenities. 
  • Security: It is not rare for Chicago condo buildings to provide security measures. Some buildings offer surveillance cameras or 24/7 security guards to keep an eye on the people coming and going. Living in close proximity to others also means that if there were an emergency, you would have plenty of people to turn to.

While condo living comes with many benefits, there are also some downsides to keep in mind:

  • Shared walls: Living in a condo means you are bound to share at least a few walls or floors with neighbors. That is why corner units or units with soundproof walls are favorable.
  • Lack of privacy: While condos open up opportunities for a great sense of community, if you prefer distance between your neighbors, then condo living may not be for you. 
  • More rules: Condo owners have to abide by the rules and regulations set by the HOA. This may limit what they can do inside and outside their unit, including painting or adding exterior features.
  • More fees: HOA membership also comes with monthly dues that owners are obligated to pay. While these expenses fund extra maintenance provided by HOA, not everyone is a fan of the increased costs.

Condo vs. Home Resale Value

Among the many benefits of purchasing a condo includes the condo’s investment potential and resale value.

The resale value is what a buyer in the market will pay for your property. Generally, condos tend to sell more quickly than single-family homes even in a down-market because of lower costs. 

While it’s often said that detached homes typically appreciate more than condos, meaning that their value increases more over time, this is not always the case. In fact, over the last decade, condos have routinely outpaced single-family homes in appreciation.

Additionally, Chicago appreciation has proven that the Windy City is an excellent market for condo investments.

If you are leaning more toward a single-family home, rest assured that the Chicago real estate market remains competitive and favorable for these property types as well. Strong economic and job growth make Chicago an ideal place to invest, whether you decide on a condo or home.

Tax Benefits of Buying a Home or Condo

Whether you purchase a condo or single-family home, you will find that this significant purchase comes with unique tax benefits.

Owning residential property is a great way to reduce your final taxes because the IRS automatically qualifies homeowners for various tax breaks. This is one of the ways that the government has promoted Americans to purchase homes.

Additionally, if you decide to use your condo or home as a rental property, you do not owe taxes on the earned rental income. 

Whether you are still weighing condo vs. house, or you are ready to find your dream home, one of our experienced real estate experts would love to help you. Connect with a team member today!

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Smart Home Gadgets to Upgrade Your High-Tech Condo

Posted on by LLCR Staff

With increasing technology, you may be surprised by all of the smart home gadgets out there on the market. Many of the smart home technologies are designed to make your living experience more convenient and cost-effective.

Check out just a few smart home technology ideas to implement in your condo:

  • Smart locks: This smart home gadget is great for convenience and safety. Rather than worry about where you left your keys or if you forgot to lock the door, smart locks can track your location and automatically lock your door if you’ve left the premises. You can even use a voice assistant to set specific times to lock and unlock your door. The August Smart Lock is one smart lock option that has fantastic features and reviews.
  • Smart doorbell: Whether or not you already have a home security system, installing a wireless smart doorbell camera can also provide an extra level of security and surveillance. Not only are the cameras an excellent visual deterrent, but they can also offer valuable video footage and give you more peace of mind when answering the door. You can check who’s at your condo whether you’re home or not. The Eufy Doorbell 2K and the Ring Video Doorbell wired with Echo Dot are great options on Amazon.
  • Smart speaker: Speakers have come a long way over the years. Along with improved sound quality, many have impressive additional features. Powered by a virtual assistant, smart speakers can play music without you touching a button, answer questions, set reminders and more. The Amazon Echo speakers offer a wide range of selections.
  • Smart lighting: This next-level lighting promotes convenience and energy-saving. Smart bulbs can help cut costs, create customized light settings and allow you to turn off lights when you’re not even home. Check out the highly-rated Phillips Hue bulbs to find the exact bulbs you need.
  • Smart thermostat: Nearly half of the energy used in most homes goes to heating and cooling. Smart thermostats can help you cut back on energy and money spent by learning when you’re home. Some can pick up your habits without you having to program them; or you can also create an automated schedule through an app on your phone. Consider installing the Nest Learning Thermostat for your condo.

While this list covers some of our favorite smart home gadgets, there are even more ways to step up your condo’s convenience and smart-home game. 

If you’re ever looking to move, partner with an LLCR agent that has the expertise to help you make the best out of condo living. We would love to help you find a place with smart home features already installed or provide you with ways to improve the condo you find.

Need more renovation ideas for different areas of your home? Follow the link below to view our blog post about renovations for every room.

Condo Renovation Ideas For Every Room

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