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News

2/27/2026 Chicago sees mini wave of apartments converting to condos - Crain's

With the inventory of buyable homes running super low, a mini wave of condo deliveries is rolling in as small buildings turn from for-rent apartments to for-sale condos.
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2/25/2026 Condo development planned at 1282 W. Washington - Urbanize Chicago

A condo development is in the works at 1282 W. Washington in the West Loop. Planned by ZSD Corp and Corwin Partners, the development is being planned for a midblock site along W. Washington Blvd between N. Elizabeth St and N. Ada St that is currently occupied by a one-story structure that would be demolished.
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2/23/2026 CLK Properties locks in $115M refi on suburban Chicago condo deconversion - Real Deal

CLK Properties lined up permanent financing on one of Chicagoland’s largest condo deconversions.
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2/20/2026 Chicago homes fly off the market as 'wild' 2026 season gets underway - Crain's Chicago Business

Within 48 hours of going up for sale last weekend, a two-bedroom condo on Cleveland Avenue in Lincoln Park received a dozen offers and went under contract.
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2/18/2026 Empty lots on South and West Sides slated for market-rate residential units - Crain's

A scattered group of residential lots in West Garfield Park have sat empty for so long, "we've been seeing them vacant our entire lives," said Sharena Loggins, "and nobody has done anything with them. Now it's our time."
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2/11/2026 After three decades building Chicago's miniature skyline, this model-maker is closing up shop - Crain's

Cathy Tinker's modeling career was supposed to be a brief stop on her way out of lawyering, but it stretched on for over 30 years as she became the top modeler for real estate developers, running construction of miniature versions of their skyscrapers and townhouses for use in sales centers.
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2/6/2026 Ald. Villegas announces support for proposal at 2652 W. Chicago - Urbanize Chicago

Alderman Gilbert Villegas of the 36th Ward has announced his support for a proposed development at 2652 W. Chicago. Planned by Barrett Homes, the project site is located at the northeast corner of the intersection of W. Chicago Ave and N. Washtenaw Ave. An existing structure that was previously home to an Advance Auto Parts store was recently demolished to make way for the development.
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2/2/2026 Renderings emerge for Optima Lumina condo development - Urbanize Chicago

A fresh set of renderings have emerged for Optima Lumina, a condominium development planned for downtown Wilmette on Chicago’s North Shore. Planned by Optima, Inc, the 133-unit for-sale condominium community is designed, developed, built and managed by the integrated real estate firm. The development will replace the former Imperial Motors car dealership and is located immediately north of Optima Verdana, a 100-unit rental community that Optima opened in 2023.
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1/29/2026 Condo board at 200 North Dearborn rejects second buyout offer from SPNA - Real Deal

Nearly two years after the condo board at a Chicago high-rise terminated an agreement to sell their building to deconversion specialists Strategic Properties of North America, the firm came back with another offer — and was met with a resounding no.
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1/26/2026 As more homes have community associations, monthly fees can make or break an owner’s living situation - Chicago Tribune

After living in California for several years, Kevin Sherry decided he was ready for a change. In the summer of 2010, the Morton Grove native decided to move back to Chicago.
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1/22/2026 Ex-Blackhawk Marian Hossa's condo selling for millions below his 2018 asking price - Crain's

A Streeterville condo that Marian Hossa put up for sale in 2018 as he was retiring from play with the Blackhawks is under contract at less than half what we wanted for it at the time.
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1/20/2026 Five Lower-Level Condos for Sale - Chicago Magazine

All five listings this week are located near or just above the first level (no garden units). Living on a lower level in a condo building has certain drawbacks — increased noise and limited views — there are also advantages. Lower units tend to be less expensive and offer greater practicality and accessibility, especially in an older building without an elevator. Not having to deal with multiple flights is great for daily convenience! Let’s check out some properties currently on the market located in the South Loop, Gold Coast, North Center, Avondale, and Evanston.
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1/14/2026 Proposal would replace La Grange antique mall with condo building - NBC

An effort is underway to save a building in La Grange that's more than 100 years old is taking place against the backdrop of a proposal that would demolish it and replace it with condos.
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1/12/2026 Woman frustrated CPD will not remove alleged squatter from Chatham condo despite new Illinois law - ABC 7

There is confusion over Illinois' new squatter law, after it went into effect last week.
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1/7/2026 Five Condos for Sale in Landmarked Buildings - Chicago Magazine

Buildings from Keck & Keck and Mies van der Rohe currently have units on the market.
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1/5/2026 Zoning Approved For Chinatown Condo-Hotel - Chicago YIMBY

Zoning has been approved for a mixed-use development at 2000 South Clark Street in Chinatown. Announced earlier this year under the address 2020 South Archer, the project sits at the eastern edge of the neighborhood, across the street from Hilliard Homes. The development is being led by a collaboration between Century 21 Realty Associates and HMC Realty.
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12/24/2025 At this downtown condo building, second-home buyers are back - Crain's

A years-long reluctance to buy downtown Chicago condos as second homes may be easing up, if recent sales at a building in Lakeshore East are any indication.
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12/22/2025 Ken Griffin sells his last big Chicago condo, leaves city behind - Chicago Star Media

Ken Griffin has found a buyer for his last remaining property in Chicago, ending his connection to the city where he built his fortune. According to Crain’s Chicago Business, the 67th-floor condo at Park Tower on North Michigan Avenue went under contract recently, marking the final piece of his downtown real estate portfolio. Griffin purchased this unit back in 2000 for $6.9 million when the building was brand new. The property is listed at $12.5 million, which is less than what he originally paid when adjusted for inflation. Crain’s Chicago Business reports that Griffin's spokesperson confirmed this is his last property in the city, although the billionaire declined to make any further comments about the sale.
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12/18/2025 Colliers Arranges Sale of Two Retail Condos in Chicago’s Southport Corridor - Connect CRE

Colliers’ Chris Irwin recently represented MDN Development in the sale of two net-leased retail condos, 3541-43 Southport and 3539 Southport Unit 1S, in Chicago’s Southport Corridor.
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12/15/2025 Fire sale: Here are downtown Chicago condos with the biggest price cuts - Real Deal

For sellers of condos in downtown Chicago, success may be based on how much of a loss they can stomach.
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