May Pardo

1,166 Added | 3 Magazines | 72 Likes | 5 Following | 521 Followers | @pardo_may | Realtor in Chicago

Report: Four Chicago apartment towers are looking for buyers

The downtown properties feature a combined 1,150 high-end rental units<p>With 8,000 new apartments expected to be delivered in 2017 and 2018, downtown Chicago’s booming rental market is certainly looking strong. However, a part of the segment’s continued momentum relies on developers ability to flip …

American Homes 4 Rent: The Best Company In The Single-Family Home Rental Industry

AMH has a strong national footprint with an impressive operational infrastructure.<p>Recent properties in premium locations will support high occupancy …

4,000 vacant lots on sale for $1 to Chicago homeowners

Chicago's Large Lots Program, which sells vacant city-owned parcels to nearby homeowners for $1 each, is getting a lot larger.<p>More than 4,000 vacant lots will be put up for sale in 33 communities on the South and West sides, beginning Tuesday. Eligible buyers must own property on the same block as …

This Startup Is Changing The Way People Invest In Single Family Homes

Up until recent years, REITs were pretty much the only option for investors who wanted to invest in real estate, but lacked a strong professional background in the industry. The economic crisis, low interest rates and the rise of algo-trading led millions of investors to search for real estate …

Real Estate

What Happens if Young People Never Buy Homes?

We asked two experts to weigh in on what would happen if young Canadians simply stopped buying houses.<p><i>This post originally appeared on VICE Canada.</i><p>If you're collecting clues that civilization as we know it is about to collapse (be honest, we all are), the fact that millennials aren't buying homes …

Housing

How Much Is Your Home Really Worth?

For many Americans, your home's value is not just a financial matter; it's often a matter of self-esteem, too. Many of us--even if we're not planning …

Will an 80-story timber tower join Chicago’s Riverline mega-development?

The tower could become the world’s largest made from wood if built<p>Could Chicago claim another world’s tallest record? If a wild new conceptual design for an 80-story wooden tower from architects Perkins + Will moves forward, then Chicago could claim the record for having the world’s tallest timber …

Three South Loop lofts you can buy today for under $300K

You can still get a lot of bang for your buck in this downtown neighborhood<p>Are you ready to stop playing a monthly rent and start putting that money towards equity on your own place? Because of its relative low barrier of entry, the South Loop is a perfect neighborhood to buy your first place. It’s …

Condo in handsome 1920s Gold Coast building asks $1.29M

There’s nothing cookie-cutter about this renovated old-school home<p>As the brick and stone gothic exterior of 20 E. Cedar oozes with 1920s style, so does this two-bedroom condo unit located on the structure’s 10th floor. Featuring a living room with large windows and vaulted 24-foot ceilings, the …

Matthias Merges Comes To Wicker Park After Taking Over Buck’s & The Bedford

<b>Matthias Merges</b> has found his way to Wicker Park. The chef/restaurateur behind Billy Sunday and Yusho—and the menus at The Finch Kitchen and Old Irving Brewing—has added two more feathers to his cap. Over the summer, Merges and Folkart Restaurant Management, according to <i>Chicago</i><i>,</i> have taken over two …

Rate Hike Expectations Are Bubbling... Again

The prospect of a rate hike is resonating in the Treasury market. Is this another head-fake? Or is the Federal Reserve truly ready to embrace another …

Accessible Luxury as defined by the new Frederique Constant Classics Moonphase Automatic

"Accessible Luxury" is, as you might know now, since we explained it to you several times, Frederique Constant's motto. Well, besides the marketing …

Watches

This startup that wants to blow up the real-estate market is now worth more than $1 billion

The round, which was led by Wellington Management Company LLP, values the company at over $1 billion, according to a person familiar with the raise. A report last month from The Real Deal said Compass was seeking a valuation of between $1.2 billion and $1.3 billion.<p>While Compass functions like a …

Real Estate

9 hidden costs of buying a home

If you're considering buying a home, be mindful of these extra expenses when establishing your budget.<p>Buying a home isn't just a 20% down payment and …

Real Estate

The Real Cost of Owning a Home

Owning a home means you can blow out a wall to create a more spacious kitchen or paint your bedroom a flaming fuchsia — things that are certainly …

Real Estate

10 Inexpensive Ways to Increase the Value of Your Home

House for sale | iStock.com<p>If you’re planning to sell your home, you’re likely looking for ways to boost its value. The more money you can make from …

7 Features That Will Sell Your Home Faster

Homeowners are sometimes hesitant to upgrade when it's time to sell. After all, you won't be living there much longer, and home remodeling efforts …

Real Estate

Charming Alta Vista Terrace District 4-bedroom wants $899K

Once home to a Chicago socialite and model, this historic property was fully rehabbed in 2014<p>One of the 40 "magical" historic townhouses built by Samuel Eberly Gross in Lakeview between 1903-1904 evocative of classical London architecture, this four-bedroom home in the landmarked Alta Vista Terrace …

Developer receives official go ahead to dig in for new South Loop mall

A new five-story mall will replace a one-story industrial building at Jefferson and Taylor streets<p>A new retail development is ready to make its way into the quickly developing South Loop neighborhood. A permit has just been issued allowing developers to start construction on a new five-story retail …

Report: Typical Airbnb host in Chicago made $4,300 last year

The short stay giant says that typical Airbnb operators in Chicago rented their homes for 38 nights last year<p>The debate over Airbnb continues in the Chicago City Council chambers, and the latest discussion is over some new figures released by the internet-based short term apartment rental service. …

Here's the salary you need to afford rent in 10 of the largest US cities

City life can be glamorous — but it comes at a price.<p>In a 2016 report, personal-finance site SmartAsset determined how much you need to earn to …

RE/MAX Luxury Report on Metro Chicago Real Estate: High-End Home Sales Rebounded Sharply in Second Quarter of 2016

CHICAGO, Aug. 3, 2016 – The metro Chicago luxury home market shook off a lackluster start to 2016 and enjoyed a substantial second-quarter rebound in …

Real Estate

Make Your Home More Appealing to Young Buyers

Millennials are powering the housing market. For the third year in a row, Generation Y (age 18 to 35) comprised the largest group of homebuyers, …

Of Course People Are Using Pokémon Go to Help Sell Their Homes

It was bound to happen. Pokémon Go, the wildly popular augmented reality game launched less than a month ago, has already been used by bars and …

A step-by-step guide to the homebuying process

From house hunting to the closing, here’s what you can expect<p>You've weighed the pros and cons of renting versus buying, and buying, with its promise of equity appreciation, won. Assuming the title of homeowner is one of the most significant financial commitments you will ever make, and the process …

First-time home buyers: Brace yourself for extra costs

You've scrimped and saved to put together a down payment to buy your first home.<p>But experts say it's important to remember that your down payment is only part of the cost of buying a house.<p>Home inspections, title insurance and the costs of a lawyer to help with the purchase all add up. On top of …

Chicago among cities with largest share of underwater homeowners, studies show

Stuck in a home you can't sell for enough to get out from underneath the mortgage? You are not alone.<p>More homeowners in the Chicago area are trapped in underwater mortgages than in almost any other major metropolitan area in the country, according to two new studies released this week.<p>One report, …

Real Estate

The 10 worst cities in America to rent an apartment

Looking for a two-bedroom abode in San Francisco? That’ll run you about $5000 per month, according to SmartAsset<p>“The rent is too damn high.” Former New York City mayoral candidate Jimmy McMillan may have been thinking of the Big Apple when he named his fleeting but dearly departed political party, …

Resort to These: 5 Paradise Spas

Set amidst soaring mountains and azure waters, these spas are probably the closest you’ll get to experiencing paradise. They might be off the grid …

Indigenous Peoples

Zarafa Dhow SuitesLocated on the far eastern end of Selinda...

Zarafa Dhow SuitesLocated on the far eastern end of Selinda Reserve in northern Botswana, the Zarafa Dhow Suites combine lavish tented accommodation …