What Are the Current Real Estate Market Conditions in Portage Park? (Source: Wikimedia Commons)

Looking for a home with easy access to parks, a quick commute to plenty of local businesses, and winning views of some iconic Chicago sites? Then it's time to start looking at Portage Park, which boasts all of these features and more. 

Located on the northwest side of the city, Portage Park is bounded by Jefferson Park and Forest Glen to the north, Irving Park to the east, and Belmont-Cragin to the South. In addition to its beautiful homes, Portage Park also offers a ton to see and do, including its namesake park, a 36-acre area that once played host to the Pan-American Games, as well as Chopin Park, named for the famous Polish pianist

If shopping is more your style, the area also contains the iconic Six Corners shopping district, located at the intersection of Irving Park Road, Cicero Avenue, and Milwaukee Avenue. Portage Park also plays home to some amazing glimpses into the past and future of Chicago, including two iconic old movie palaces in the Portage Theater and The Patio. 

For more neighborhood information, we'll leave that to the neighborhood association and local guides:

Ready to give this charming and historic slice of Chicagoland a look for yourself? Here are the current market statistics for Portage Park:

What Are the Current Real Estate Conditions in the West Loop? (Source: wikimedia.commons - used as royalty free image)

Why the West Loop?

Running along the western bank of the Chicago River, the West Loop is a vibrant neighborhood on the rise, full of great restaurants and nightlife.

Though not an official MLS neighborhood (we used the zip code 60608 to gather our data), the West Loop is typically bounded by Grand Avenue on the north, Ashland Avenue on the west, the Eisenhower Expressway on the south, and the Chicago River on the east. It is a part of the Near West Side, which puts it close to Little Italy, Greektown, and the United Center, home of the Bulls and the Blackhawks.

Formerly an industrial manufacturing and warehouse area, the modern West Loop has all of the sophisticated amenities - including art galleries, clubs, theaters, and world class eateries - that make Chicago a destination for buyers. Are you one of them?

Want to know more about the amazing dining, culture, and community available in the West Loop? Here are a few places to start:

Ready to buy or sell? Here are the current stats for West Loop's condo and housing markets: 

For many homebuyers and sellers in Chicago, one of the hardest parts of closing a great deal is getting the timing right. It can be hard to coordinate schedules, line up movers, and establish deadlines, particularly if one or both parties is attempting to buy and sell a home at the same time.

In our experience, there’s one little real estate trick that can really help sellers caught up in a double transaction. It’s known as a rent-back agreement, and it offers flexibility and leverage to both buyers and sellers – if it’s done right.

What Is a Rent-Back Agreement?

Put simply, a rent-back agreement is a legally-binding agreement between buyer and seller that allows the seller to remain on the property, as a renter, for a set amount of time after closing.

There are a number of things for buyers and sellers – and their real estate attorneys – to consider when it comes to a rent-back agreement. Namely, all parties will have to negotiate and agree on terms including:

What are the Current Market Conditions for Ukrainian Village, Wicker Park, and All of West Town?

West Town refers to the neighborhood northwest of the Loop, and is more commonly referenced by its sub-neighborhoods, which include Wicker Park, Ukrainian Village, River West, East Village, part of Bucktown, and Noble Square. Lively communities entrenched in diverse histories and languages, the homes in West Town reflect the hippest and most old-fashioned sides of Chicago, all at once.

Wicker Park, named for the beautiful park at its heart, welcomes artists, families, and foodies alike, and is home to trendy bars, galleries, theater spaces, and countless other quirky gems. You can get a cup of coffee from a number of different shops, most of which are independently owned and burst with eclectic charm.

Ukrainian Village is a more mellow choice. Lined with old trees and filled with classic brick architecture, “Uke Village,” as it's sometimes called, is home to lots of small family businesses, many of which have historically employed Ukrainian or Russian as a first language. Ukrainian Village was also named 2016's "Hottest Neighborhood in the Country" by our colleagues over at Redfin.

For more information on the rest of the neighborhoods that comprise West Town, we encourage you to check out some of these handy resources:

Ready to buy or sell a house or condo in one of these charming neighborhoods? Here are the current market statistics for all of West Town:

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