Spring Grove
Spring Grove, IL · Real Estate
WBEZ
Historic Avalon Regal Theater in play for $250,000 in repair funds
The Avalon Regal Theater — the South Side’s Moorish Revival jewel box that fell into decay after closing 16 years ago — is in line to get a $249,500 city grant to help fix up the landmark venue, the Chicago Department of Planning and Development announced Friday.
hoodline.com
Austin Scrapyard On Cicero Avenue Set To Become 36-Unit Housing Near Metra Stop
A vacant car scrapyard on the northwest edge of Austin could soon give way to a five-story apartment building with 36 units, eight of them designated affordable, just south of where North Cicero Avenue meets West Grand Avenue. The site sits a short walk from the Grand/Cicero Metra station, putting new residents within reach of the Milwaukee District West Line.
moneytalksnews.com
Billionaire Ken Griffin Says Taxes Weren’t Why He Moved to Florida. I’m a CPA With a Florida Home — 5 Costs Retirees Miss
Money Talks News may earn commission or revenue through links in the content below. Our editorial team independently selects all products. Compensation does not influence our recommendations. Billionaire Ken Griffin just made the largest gift any individual has ever given to higher education: $3 billion to Carnegie Mellon University, including...
hoodline.com
Vacant Bucktown Lot Near The 606 Gets Green Light for Luxury Three-Flat
1844–1846 N. Damen Ave. — Approximate Site of Vacant Project Parcel. A long-vacant lot at 1846 N. Damen Ave. in Bucktown has finally been permitted for new construction, with the city signing off on a four-story, three-unit residential building just a block from one of The 606 trail's main access points. The parcel has sat empty since two structures on the combined 1844-1846 N. Damen site were torn down in 2021, and the new project will bring upper-floor apartments paired with ground-level office space to the corridor.
Building Design & Construction
Chicago is now America's hottest rental market
The latest RentCafe's Rental Competitiveness Report revealed that four California locations saw the biggest jumps in rental competitiveness of any large market this peak season. However, the most competitive market this quarter is now Chicago, Ill. What is the Rental Competitiveness Index?. Rental competitiveness, the metric in which RentCafe determines...
chicagoagentmagazine.com
Are we making room for the next generation?
What happens when the people who grew up in our communities can no longer afford to live in them?. It is a question worth asking — not five or 10 years from now, but today. Across the communities served by the Oak Park Area Association of REALTORS®, we are seeing a common challenge play out in diverse ways. Buyers are competing for too few homes. Prices continue to rise. And for many people, the path to homeownership is taking longer than it did for previous generations.
The Crusader Newspaper
Gary Veterans Village begins construction on first homes
Gary’s Veterans Village is moving from plans to construction, with work underway on the first of five single-family homes designed to create homeownership opportunities for U.S. military veterans. City officials, veterans, community partners and supporters gathered September 26 for the Phase 1 groundbreaking at 4661 W. 20th Court, near...
Collinsville Daily News
A ‘Backdoor Loophole' is Pushing Up Property Taxes With Little Accountability
An obscure financing tool is quietly raising property taxes to pay for a growing range of spending, an Illinois Answers Project and Mansueto Institute analysis found. The steep property tax hikes that slammed thousands of Chicago homeowners this year came with a math problem that didn’t appear to quite add up. The City Council in 2024 unanimously voted down Mayor Brandon Johnson’s only proposal to raise property taxes. Cook County hasn’t upped its base tax levy on existing properties in more than 30 years. And most other local governments, including Chicago Public Schools, are supposed to be barred under state law from raising real estate taxes much faster than inflation. So, to many taxpayers, something wasn’t making sense when Cook County property owners this year were charged nearly $20 billion in combined taxes, a more than 23% increase over just five years, with vulnerable homeowners getting slammed by some of the most dramatic sticker shock. Since 2010, property tax collections across the county have nearly doubled. The reason largely comes down to an obscure financing tool that was supposed to kick-start development in poor neighborhoods but in reality has since become a cash-generating machine, squeezing more than $2 billion from
ictnews.org
Chicago housing project aims to fulfill 70-year-old promise to Native people
MILWAUKEE, Wisc. – Indigenous people were promised access to housing, jobs and other resources in exchange for moving to large metropolitan areas as part of the Urban Indian Relocation Act of 1956. Seventy years later, one Native-led group in Chicago is working to finally fulfill some of those commitments.
yieldpro.com
Draper and Kramer Arranges Financing for the Acquisition of The Ash Edgewater Apartments
Draper and Kramer, Incorporated, a national full-service real estate firm, announces that a team led by Dan Freedman and Chris Beck, both senior vice presidents with the firm’s Commercial Finance Group (CFG), recently brokered Chicago-area loans totaling $27.5 million. The transactions include a $13.5 million loan financing the acquisition of a three-building industrial complex in Bridgeview, a southwest suburb of Chicago, and a $14 million bridge loan for The Ash Edgewater, a 56-unit multifamily property in Chicago’s Edgewater neighborhood.
hoodline.com
Albany Park Lot Waits 605 Days For Permit, Finally Lands Three Flats Over Retail
Chicago issued a construction permit on September 28 for a four-story mixed-use building at 4911 N. Pulaski Road in Albany Park, clearing the way for three residential units above a ground-floor retail space on a lot that became vacant after the fire-damaged previous structure was demolished in June 2020. The permit capped a review process that stretched 605 days from the developer's initial application in January 2025, a timeline that far outpaces how long the city says these approvals should typically take.
connectcre.com
Mojo Coffee Officially Opens in Chicago’s Loop
Mojo Coffee has officially opened at 70 W. Madison in Chicago’s Loop, taking over a ground-floor corner of the office tower owned and managed by partners, Namdar Realty Group and Mason Asset Management. The New Zealand-born specialty roaster joins over 244,000 square feet of leasing activity across the building...
hoodline.com
Boca Brava Brings Coastal Mexican Flavor, Cocktails to Downtown Evanston
A new Mexican restaurant is coming to downtown Evanston, and it's aiming to fill a vacant dining space with steak, seafood and craft cocktails. Boca Brava, a brand-new concept from Indianapolis-based restaurateur Carlos Arechiga, is set to take over 1557 Sherman Avenue, the longtime restaurant space left empty after Reza's Restaurant closed more than a year ago.
familydestinationsguide.com
The Ridiculously Affordable Small Town In Illinois That Retirees Are Flocking To Right Now
There’s a small city in western Illinois where retirees are showing up, looking around, doing the math, and then calling their real estate agents back home to start the conversation. That city is Macomb, and once you understand what it offers, the flock makes complete sense. Retirement is supposed...
hoodline.com
West Loop Landmark Bank Hotel Project Collapses, Developer Hands Keys to Lender
The century-old bank building at 801 West Madison Street in the West Loop was supposed to become a 76-key boutique hotel with ground-floor shops. Instead, its developer just handed the keys back to the lender, leaving one of the neighborhood's most recognizable landmark corners vacant once again. Jonathan Gordon, founder...
Realty Today
This Chicago Hotel Conversion Had a Permit, a Contractor and $1.3 Million in Landmark Grants. It Still Collapsed Mid-Construction
Developer Jonathan Gordon's Neighborhood Hotel group signed a deed-in-lieu of foreclosure for 801 West Madison Street in Chicago's West Loop, handing the landmarked former bank building back to El Segundo, California-based lender Calmwater Capital, according to The Real Deal, citing public records. Neighborhood Hotel's venture, operating as ECG Madison LLC, had bought the six-story, 82,000-square-foot building in 2022 for $14 million, financed with a $9 million loan from Calmwater. Gordon and representatives of Calmwater didn't respond to The Real Deal's requests for comment on the deed-in-lieu.
yieldpro.com
Essex Realty Group Closes 68-Unit Multifamily Portfolio in the Chicago Lawn Neighborhood
Essex Realty Group, LLC is pleased to announce the successful sale of the Chicago Lawn Portfolio, a 68-unit, three-building multifamily portfolio located at 6321–31 S. California Avenue, 6355–57 S. California Avenue, and 6400 S. Fairfield Avenue in Chicago’s Chicago Lawn neighborhood. The portfolio sold to Icarus Investment Group on September 28, 2026, for $5,236,000, or $77,000 per unit. Essex Realty Group Directors Jesus Garcia and Joe Kahlhammer represented the seller in the transaction.