Chicago homeowners seeking to supplement their incomes, find a sustainable way to age in place, or simply contribute to the diversity of their neighborhoods will soon find themselves enjoying a new way to add value to their existing properties. As of May 1, new zoning regulations relating to Accessory Dwelling Units (ADUs), granny flats, coach houses, and carriage houses will go into effect in specific areas around Chicago.

These new regulations will provide a unique opportunity, both for property owners seeking to add value to their properties and for housing seekers looking to live in neighborhoods closer to work, family, or cultural opportunities. ADUs on existing properties can provide “gentle density,” allowing new residents to move to existing neighborhoods without changing the look and feel residents have come to love about these places.

How to Win In a Multiple Offer Scenario

We don’t really go for the whole “home bidding war” language here at Real Group; it’s just a little too intense and angry for our taste. Instead, we prefer the term “multiple offer situation,” a better phrase that more accurately captures what competition for a listing really looks like in the Chicago market.

Because make no mistake: It can get very competitive. Our team was reminded of that quite recently, when our own Jason Finn listed for sale a popular bungalow-style home in a neighborhood where these classic Chicago properties rarely become available.

We’ll let Jason describe what happened next:

When it comes to selling a home, there is one detail that everyone wants to get right – and which everyone else seems to want to weigh in on: List Price.

Finding the right price for your home is an important step on the road to a successful sale, and everyone is looking for that “magic number” – the one that will yield maximum profit, a quick turnaround time, and minimal stress.

Of course, finding that perfect price is easier said than done, and plenty of the so-called advice you’ll hear is actually just hot air… which could end up doing your sale more harm than good.

It’s time to get to the bottom of things! Want to successfully sell your home for the best possible price? Be wary of these all-too-common home pricing myths:

444 W Blackhawk is a luxurious 2 bed 2 bath corner condo in a prime Old Town location. The home features southern, eastern, and western exposures, allowing amazing natural light into the home. The open concept floor plan greets you with a Juliet balcony and a gas/wood-burning fireplace in the living room. The kitchen includes a breakfast bar, 42-inch cherry cabinets, and stainless steel appliances. Both bedrooms boast plenty of storage space including dual closets in the spacious primary bedroom. The primary bath features heated floors, whirlpool tub, double vanity, and separate glass shower. Brazilian cherry hardwood floors and elegant millwork are found throughout the unit. Relax on either of the 2 private outdoor spaces - the front balcony perfect for grilling and entertaining, or the large rear deck with fantastic afternoon light. One parking space and additional building storage included. A short commute to the Sedgwick brown/purple line stop, Wells Street shops and dining, Lincoln Park and beaches to the east, New City Center restaurants, groceries, and shops just to the west!

This home is not yet on the public MLS, and showings can be requested by email - This email address is being protected from spambots. You need JavaScript enabled to view it.

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Baird & Warner

2526 N Lincoln Ave
Chicago, IL 60614

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