7 Boutiques in Lakeview Chicago That You Have to Visit 

The vibrant Lakeview neighborhood makes the perfect spot to live, explore, and shop.

For a day full of shopping and soaking up the charming community, head over to the bustling commercial districts along Belmont Avenue, Lincoln Avenue, Clark Street, Halsted Street and Broadway Street.

Around this area you can find a few of our favorite boutiques in Lakeview, Chicago:

  1. The Coleette Collection (2858 N Clark St): If you’re in need of a brand new weekend outfit, this is the perfect one-stop spot. This trendy boutique offers an incredible assortment of women’s fashion. Whether you are on the hunt for handmade jewelry or looking for contemporary brands and styles, discover your dream wardrobe here.
  2. Krista K (3458 N Southport Ave): This female fashion boutique was designed for those trendsetters looking for an upscale shopping experience. While clothing is a bit more pricey here, this shop promises high quality, luxury, and a whole floor of premier denim!
  3. The Chicago Music Exchange (3316 N Lincoln Ave): This boutique is every musicians’ and collectors’ dream. Along with new, vintage, and used guitars, you can also find an impressive selection of music gear and fun swag.
  4. Art De Triumph (2938 N Clark St): Since 1987 this boutique frame shop and art gallery has remained a neighborhood favorite. Stop by and admire beautiful custom artwork and then chat with an expert framer to find something to take home -from ready-made frames to the highest quality Italian handcrafted moldings.
  5. Mignonette Bridal (53 W Jackson Blvd): If you’re a bride to be or your shopping for the perfect wedding gift, check out this full-service lifestyle boutique and browse beautifully made goods for wedding ceremonies. Here you’ll come across custom-designed gowns, vintage suits for grooms, and gift-worthy jewelry and accessories.
  6. Inkling (2917 1/2 N Broadway): For all things quirky, charming, and custom, head into Inkling. This artsy boutique features a wide range of the latest designs from talented artists, including handmade greeting cards, stunning jewelry, and beautifully-scented candles. 
  7. M2 Boutique (3525 S Southport Ave): Whether you’re looking to treat yourself or pick up a unique gift, step inside this cozy corner shop and see for yourself why it’s become a neighborhood favorite. Browse all of the unique handpicked items, from a huge selection of cute Cubs gear to adorable home decor.

Spend a day exploring the best boutiques in Lakeview, Chicago to take advantage of all of the fun finds that this exciting neighborhood has to offer!

Planning Your Investment: Condo vs Townhome Resale Value

If you are looking for a wise investment, it is crucial to investigate condo vs. townhome resale value before making a big purchase.

Here is everything you need to ensure long-term value of your potential townhome or condo.

Overview of Reselling a Condo

If you are leaning towards a condominium investment, the good news is that these properties typically sell much quickerthan single-family homes, even in a down-market, due to lower costs.

To ensure higher resale values, buyers need to select condo units carefully. It is essential to take into consideration factors such as the resale history of other units in the building, current property values, and the local real estate market.

When condo owners are ready to resell, it is also critical to get up to speed on the condo association’s rules and guidelines as to what can be done with the units. Associations may place limits on who the condo may be sold to, buyer pre-approval and where you place for-sale signs.

Setting your home apart from the other similar surrounding condo units and communities involves highlighting your condo’s assets and neighborhood amenities. Determining a competitive selling point is also crucial to the success of your resale.

Overview of Reselling a Townhome

The process of reselling a townhome closely mirrors that of a condo. However, sellers have found that townhomes tend to have lower resale values.

Not only can it be more challenging to fill a townhome community, but it is often harder to obtain financing for townhomes. This is due to the increased liability of owning both the land and the physical structure.

On the positive side, determining a fair selling price of a townhome is relatively easy because of the many similar properties in the community.

When listing a townhome, it is also critical to highlight the amenities of the community and the HOA dues that the buyer will encounter.

Where you Can Look to Find a Good Investment

Finding a worthwhile investment, whether that involves the purchase of a condo or townhome, involves finding a desirable location and community.

Here are a couple of questions you may want to ponder to determine if you have found an ideal area for the ideal investment:

  • Is the property in an area where properties are in demand, such as near a college or university?
  • Is the property in an area that is getting less popular or more popular?
  • Could a major employer in the area close down and cause rental/purchase demand to decline?
  • Could a new condo development be built nearby, requiring expensive improvements to compete?

Now that you are up to speed with condo vs. townhome resale value, it is time to start planning that perfect property investment!

Moving to Chicago? Take Our Advice

Luxury Living Chicago Realty has been working with people who want to rent, sell and buy Chicago real estate for over 10 years. We specialize in working with clients who are interested in moving to Chicago for the first time.

Part of our process is helping these types of clients determine if they should rent or buy when they have never lived in the city before.

Chicago has seen a huge new construction boom in brand new rental apartments for the last few years, but lately brand new Chicago condos have started to hit the market. If you’re moving to Chicago and looking for a brand-new home you must debate the perks of rent vs. buy.

When should you rent a Chicago apartment?

If you are relocating to Chicago, it might be helpful to rent for the first year. Take time to fully explore Chicago and learn which areas you really enjoy.

When should you buy a Chicago condo?

If you’re ready to take the sales plunge ask yourself these two questions:

  1. How familiar are you with Chicago neighborhoods and do you know which ones you would want to put down more permanent roots?
  2. Where do you see yourself in one year, three years and five years? Buying is a long-term commitment, where renting gives you flexibility.

We’d love to help if you’re moving to Chicago for the very first time. Click the button below to access our Chicago Relocation Guide to get started.

Learn More About Living in Chicago 

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