Closing Cost Description: When purchasing or refinancing a property in the City of Chicago, there are fees associated with the closing of the transaction. The buyer pays for some of these fees, some are paid by the seller and all of these fees vary. Additionally, a Continue Reading
What can the Tesla Powerwall 2 do to your home’s value?
If you were ever considering solar power or concerned with short term power loss from black-outs, you should consider buying a battery and the Telsa Powerwall 2. While Chicago's energy prices are around the national average of 12.5¢ per kWh, it might not make sense for the Continue Reading
Conventional Loan Limits Increase in 2017
Announced: Wednesday, November 23, 2016 Starting in 2017 for the first time since 2006, the Federal Housing Finance Agency is increasing the maximum loan limits for "conventional" mortgages across the country. One-unit properties will increase their loan limits from Continue Reading
What Does the Chicago Cubs Victory Mean for your Neighborhood?
Are you done celebrating the Chicago Cubs victory in the World Series around Chicago? The Cubs "W" is still flying high around Pearson Realty Group and if you are a Wrigleyville homeowner, here is a reason to keep celebrating... In the past year, the rolling 12 Continue Reading
Do you qualify for the Property Tax Rebate?
Beginning October 1st, all property tax rebate applications will be accepted at 25 neighborhood citywide locations. The rebates range between $25 - $200, however all applicants must apply in person. The deadline for applications is November 30th and rebates Continue Reading
Chicago’s Hottest Neighborhood Changing the City Landscape Forever
With 33 new projects currently planned or under construction it is clear that the West Loop is now the hottest area in Chicago. The West Loop (60607) neighborhood has just dipped below Wicker Park/Bucktown (60622 zip code) in lowest number of days on market for all listing Continue Reading
“The Starbucks Real Estate Effect”
“To inspire and nurture the human spirit - one person, one cup and one neighborhood at a time.” While it remains to be confirmed that none of the three founders of Starbucks possess the power of foresight, it remains extremely uncanny the truth to which the Starbucks Continue Reading
Navy Pier’s Futuristic Redesign and what it means for the City of Chicago
As the summer comes to a close, it is important to relish the time that we have left with this warm and sunny weather before the 9 month drought. And while most Chicagoans try to stay away from the tourist infested traffic jam that is Navy Pier, it still Continue Reading
Top 6 Projects Under Construction Poised to make an Impact in Chicago
(1) Vista Tower (scheduled completion in April 2020) Rivaling the Willis and Trump towers, the Vista seeks to make an immediate impact as the third tallest building in Chicago. Designed by Chicago architect Jeanne Gang, this elegant building boasts not only Continue Reading
The Obama Library Set to Spur Change in the South Side Chicago Landscape!
The Obama Library set to spur change in the South Side Chicago landscape... True to their word, the Obamas have not forgotten where they came from. With the decision to build the Obama presidential library in Chicago's Jackson Park, this marks the first time that a Continue Reading
