7700 W Summerdale Affordable Oriole Park Single-Family Home

Welcome to affordable living in Oriole ParkThis very affordable well kept and updated single-familyhome will make anyone a new great home. All the majorupdates are done (see back). Large yard in great location near shopping,expressway and Oriole Park. Lots of space and well designed and functional layout. Large front living room. Formal dining room. Large kitchen with spacious family room in rear which leads to large outdoor deck and back and side yards.

Very clean and move-in condition. New roof in 2006.Large fenced in side and rear yards. 2 1/2 car detached garage. Low taxes $2,359.87 (2006). Shopping and expressway all nearby. Oriole Park a few blocks away. Top performing Oriole Park Elementary School district.

Visit REMEMBERJIM.com or 7700Summerdale.info forphotos, slideshow, downloads, and more information

Stunning Edgewater Condo For Sale

Absolutely stunning 1800 square foot chic-vintage 3BR condo in Edgewater at 1432 W Elmdale. Large front living room and sitting area with extra wide entry foyer. Custom built cabinetry and hardware throughout. Large bedrooms and ample closet storage. Separate dining area and family room off of this custom gourmet chef’s kitchen with Viking oven.

Clean and move-in condition. A true must see. Parking available for only $15,000 additional . Low taxes and assessments are only $213 per month. Visit www.edgewatercondo.info or call today for a private showing.

Lincoln Park Landmark Battle

Have you heard there may be a top-down authorization (law passed) in Lincoln Park which may force all properties in certain areas to be labeled "landmarked" whose purpose is to preserve the original older properties 'with character' while also attempting to decrease the amount of demolition going on to make way for the mega mansions which have been going up over the past decade.

This would have a huge impact on development and construction in the area not to mention a 'regular' homeowner who is interested in a renovation or addition. Both would see costs soar and the impact on property value would be significant.

Lincoln Park is one of the few areas that has benefited from the construction of these larger single family homes so much that an average tear down in the area is as high as $1.1 million since what is driving the land value are the ceilings of the new developments averaging around $3.3 million.

I am all for preserving the fabric for those who choose to keep and maintain the vintage structures within our community, but when large areas are forced to be considered landmarked to prevent a few buildings from moving aside to keep the developments and new single-family homes coming, I wonder to what end this purpose serves.

Where we really need regulation is on the design pallet of some of these new houses (here and throughout the city). I have no idea how some of thise ugly monstrosities are being built but let's police the general facade improvements and not limit the development opportunities which are significantly improving the land values in our neighborhood

FHA and Condo Loan Options

FHA was once considered a four letter word. Builders could care less about qualifying and lenders were hard pressed to justify the amount of time and work required to close on an FHA loan.

Are you wondering what is happening with the local, regional and national real estate market. Well me too. I am working twice as hard these days to hep assist my clients with securing their mortgages since that seems to be the biggest obstacle to the bulletproof transaction I like to create around each of my client purchase contracts.

So, lately many of my first time buyer's are inquiring about whether this property is FHA qualified or what the requirements are for an FHA loan. Usually the two main barriers to securing an FHA loan on a property are that the builder is still in control (not an established association yet) OR the bylaws of an existing association have a right of first refusal which is an immediate NO to qualifying.

So, now many of my clients are asking me "is this one qualified"...

So now I am referring them (or checking myself) at this Federal Housing Authority (FHA) site:

https://entp.hud.gov/idapp/html/condlook.cfm

I hope this helps and remember, there are options available to buyers with less than 5% down to make a purchase. Of course, usually the more money you put down the better your rates and loan terms (for the most part) will be.

Good luck!

1900 South State Condo For Sale

Make your next home in Chicago's dynamic & bustling South Loop. Visit www.1900SouthState.com for more information.

This bright, sunny west facing condominium will make anyone an affordable great home. This newer construction phase 2 improved layout one bedroom, one bathroom condo being offered for sale was finished in 2006 and it features include an open and sunny living/dining room with hardwood floors and private balcony. This home also includes upgraded Cherry kitchen cabinets with granite counters and stainless appliances and floor to ceiling wall time in the bathroom as well as in-unit washer and dryer. In addition to the indoor parking space and ‘cage' storage this home comes with an additional private secure storage room unique.

Relax each morning looking right out your private balcony with tree-top views towards the skyline to right (not direct) and watch the sunsets over Chinatown to the west. East access to transportation including one block to the Red Line "L" Cermak Chinatown stop, Metra Train or catch one of the CTA buses right out front on Archer. Expressways such as Lake Shore Drive and I-55 are very easy access from the building.

Hop on the lakefront trail and take a bike ride or jog to the Field Museum or Shedd Aquarium and Lake Michigan in just a few minutes. Clean and move-in condition. Solid association. Low taxes and monthly assessments at $279 include Electric/AC, Heat/Gas, Cable & Fitness Room.


Accessible from within the building are retail shops and stores such as the local cleaners, restaurants, coffee shops, Athletico gym, Chase Bank and other businesses right in building (walk indoors during cold winter months). Other restaurants in the area include Room 21, Cuatro. Bongo Room, Cafe Bionda and Chicago Firehouse.

Right around the corner from The Pointe 1900 are Chess Records studios where "the blues gave birth to rock and roll" in the 1950's and its one block from the site of Al Capone's headquarters at the Lexington Hotel whose vault was filmed live on television in 1986 by Geraldo Rivera only to find them empty. Lots of history made and being made in this great vibrant South Loop community.

Call with questions or to schedule your appointment today

location, location, location