Techny
Techny, IL · Real Estate
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.
hoodline.com
Roseland Grandmother Becomes CHA's 1,000th Homebuyer After Reuniting With Grandkids
3543 W. Chicago Ave. — Approximate Chicago Housing Program Context. Derenda Bradley just became the 1,000th person to successfully complete the Chicago Housing Authority's Choose to Own program, closing on a first home in Roseland where she now lives with her daughter and four grandchildren. Bradley was approved to purchase the home on the one-year anniversary of formally adopting her grandchildren, a coincidence she says makes the achievement feel even more significant.
connectcre.com
Millennium Bank Debuts Revitalized Bridgeport Banking Center
Millennium Bank has officially opened its newly renovated Bridgeport banking center. Following its January 2025 acquisition of Pulaski Savings Bank, Millennium Bank invested in the historic property at 3156 S. Morgan Street, rebuilt branch operations and expanded its presence in Chicago. A centerpiece of the reopening is a new 120-foot exterior mural by Chicago artist Jeff Zimmerman, commissioned by Millennium Bank to celebrate Bridgeport’s history, character and community.
northriverside-il.org
Proviso Township is open for Property Tax appeals!
Please click for more information on how to file an appeal online. Valuation reports for detailed information on residential and commercial reassessments are also available for review. To help homeowners better understand the reassessment and appeal process, two virtual appeal workshops will be held:. English Workshop: Wednesday, October 7th from...