Whether it’s your first time getting ready to file your taxes or your fiftieth, it never seems to get any easier, does it?

After all, your life can drastically change over the course of the year (to say nothing of just how much state and federal tax codes can change over time)! Come filing time, with deadlines looming and pressures mounting, it can be daunting to take the full scope of your finances into account – particularly when you’re a homeowner.

For many people, preparing to file their taxes means asking one big, pressing question: “What home and mortgage documents do I need in order to do my tax return?”

Like what you see? This beautiful Silk Factory Lofts condo in Logan Square features 14' ceilings and picturesque, full-height industrial windows.

The well-maintained unit shares no common walls with the neighbors, and is off the street, ensuring a quiet, private feeling throughout the home. The open loft plan features beautiful hardwood floors throughout, as well as stainless steel appliances, an in-unit washer and dryer, and a gorgeous custom reclaimed wood paneled wall by Wonderwall Studios. To cap off the space, a generously sized private balcony sits just off the living room.

This is a fabulous pet-friendly building, featuring intercom systems and camera security, a locked bike room, and a heated garage. Garage parking and access to a common rooftop deck all come included. The historic building is also mere blocks to the 606 Trail, and is conveniently located near two Blue Line "L" stops (Western, California) and in the heart of Chicago’s best shopping, restaurants, and bars.

Want to take a look at this impressive unit in one of the area's best buildings? Let us know! The Real Group team would be happy to set something up!

Image Source: Flickr User James~Quinn (https://www.flickr.com/photos/jayqueue/117977633/)

Why Lincoln Square?

Lincoln Square is a really wonderful blend of old and new. Heavily influenced by its German past, this neighborhood is home to the DANK Haus German American Cultural Center and Chicago's Berlin Wall Monument, along with stellar restaurants and bars like Huettenbar where it always seems to feel like Oktoberfest. 

Simultaneously, the Old Town School of Folk Music, which moved to the neighborhood in 1998, brought a musical renaissance to Lincoln Square. Check out Laurie's Planet of Sound and the Grafton for an expansive selection of recorded and live music. And, if you're in the mood for something spooky, visit the Rosehill Cemetery, where the Oscar Mayer is buried. 

Looking for more things to eat, drink, and do in Lincoln Square? Check out some of our favorite online resources for the neighborhood:

Are you interested in calling this historic, lively neighborhood home? Here are the current housing market statistics you should know:

Lincoln Square's Current Condo Market

1. The Median Sales Price of a Lincoln Square Condo Is Holding Steady

The median condo sale price for Lincoln Square escalated steadily into 2015, before dropping to a low below $250,000 heading into 2016. Prices climbed once again over the course of 2016, and have since leveled off, currently hovering between $270,000 and $280,000. We can expect to see these prices remain high, and possibly climb, in the months ahead.

According to a report from Apartment List, rents rose year-to-year at a rate of 2.8 percent between 2016 and 2017. Rent growth is outpacing the overall rate of inflation and average hourly earnings, and has increased in 89 out of 100 major metropolitan areas around the US.

A report from RentCafe confirms that Chicago belongs to this group, with average rent increasing by 2 percent from 2016 to 2017. While that may not seem too significant, these increases really do add up – particularly when you consider how dramatically rents may rise over the span of 10, 20, or 30 years.

What’s more, a report from the Urban Institute, brought to our attention by Keeping Current Matters, suggests that more than 25 percent of renters – or 11.1 million households – are “severely cost-burdened” and spend “at least half their income on rental housing.”

This creates a condition that real estate experts call “the rent trap” – a situation where so much of a household’s income goes to rent that they have to struggle to save enough to buy a home (let alone save for a rainy day, or take on other major bills, like healthcare costs).

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2762 N Lincoln Ave C2
Chicago, IL 60614

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