Buying in Chicago

Oct. 27, 2026

What Is a Chicago Loft, and What Does One Cost Today?

Quick Summary

A Chicago loft is a former factory, warehouse or printing plant converted into homes, with high ceilings, large windows and exposed brick, beams or concrete. In the twelve months ending October 2026, the typical downtown loft was about 1,200 square feet with two bedrooms and sold at …

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Oct. 26, 2026

How Does the $1M+ Luxury Condo Market in Streeterville Behave Differently? Chicago, IL Real Estate 2026 | Anne Rossley, Realtor Since 1987

The $1 million-plus condo market in Streeterville runs on a different clock than the rest of downtown. In the 30 days ending September 28, 2026, Anne Rossley's Near North update found that 87% of $1 to $2 million condos sold below list, at a median of 94.5% of list price, …

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Oct. 26, 2026

Who Is Actually Buying Gold Coast Condos: Cash, Financed, Investor or Relocation Purchases? Chicago, IL Real Estate 2026 | Anne Rossley, Realtor Since 1987

Gold Coast condo sales are best understood by how a purchase is made, not by who is making it: cash, conventional financing, jumbo financing, investor-held or relocation-driven. Public MLS data does not identify buyers, so this guide reads the market through the transactions themselves. In the 30 days ending September …

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Oct. 13, 2026

How Are Interest Rates Affecting Buyers of Loop Condos in My Price Range? Chicago, IL Real Estate 2026 | Anne Rossley, Realtor Since 1987

Interest rates reach Loop condo buyers through the monthly payment, and in 2026 the building's finances matter almost as much as the rate itself. Anne Rossley's July 2026 condo update found Loop condos carried 2.0 months of supply, with a median of 22 days to contract and sales at 100.0% …

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Oct. 2, 2026

New Condo Financing Rules 2026: What Chicago Sellers & Buyers Must Know

As of August 3, 2026, Fannie Mae eliminated the simplified "Limited Review" that used to let most condo loans skip a deep look at a building's finances. Nearly every condo loan now requires a Full Review of the association's budget, reserves, insurance, and litigation history — and …

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Sept. 17, 2026

How to Read a Chicago Condo Building's Finances Before You Write the Offer

Two towers, same age, same view, nearly the same monthly assessment. In one, the owners are about to get a letter about a five-figure special assessment. In the other, they're not. The difference is visible before you ever make an offer — if you know where to look.

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Sept. 15, 2026

What $500K–$800K Buys in Chicago Walk-Up Condos: Lakeview, Uptown & Edgewater

Chicago walk-up condos priced between $500,000 and $800,000 are competitive, especially when they offer good space, outdoor living, parking, and a manageable monthly assessment. Recent closed sales show that buyers need to move quickly, understand the differences between Lakeview, Uptown, and Edgewater, and budget carefully for both the unit and …

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Sept. 10, 2026

Accessory Dwelling Units in Chicago: Benefits for Homeowners & Buyers

Maybe you're looking for a home that fits your budget, or perhaps you're already a homeowner who needs extra space, additional income, or a place for a loved one. An accessory dwelling unit (ADU) may be an option worth considering.

ADUs can provide flexible living arrangements for homeowners and …

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Sept. 3, 2026

Gen Z’s Guide to Affordable Homeownership in Chicago

The idea of owning a home has always been a big part of the American Dream. It represents stability, independence, and having a place to truly call your own.

But for Gen Z—the generation generally born between 1997 and 2012—making that dream a reality can feel challenging. Higher borrowing …

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Posted in Buying in Chicago
June 12, 2026

Chicago Condo Financing Rules 2026: What Owners Must Know

Picture a beautifully renovated two-bedroom on a high floor in River North. Lake views, valet, full amenity package, priced right at $1.4 million. The buyer is well qualified, the offer is clean — and then the deal collapses at underwriting. Not because of the unit. Because of the building.

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Posted in Buying in Chicago