Mixed-use developments sprouted across the country in the mid-2000s as developers sought ways to blend urban-style living with walkable communities. Since then, demand for mixed-use developments has attracted domestic and foreign investors as well as young home buyers. If you’re considering investing in mixed-use property, it’s safe to say that these developments are here to stay. Mixed-use developments provide multiple streams of income for investors by offering commercial and residential space, they’re often in close proximity to other community amenities which makes the building and location more desirable, and the variety of revenue lessens the overall risk for real estate investors. Investing in mixed-use development property is a great way to diversify your portfolio, but here are three things you should know before investing in mixed-use property.
Due to COVID-19, record-low interest rates and loan assistance programs make now a great time to consider investing in real estate. The thought of looking at multiple potential properties and weighing their pros and cons can be daunting, but knowing what to look for in these properties, and their potential tenants, will not only help you decide on the right property but also if real estate investment is right for you.
Making the most of the last long weekend of summer looks a little different this year. But that doesn’t mean it can’t still be a memorable one. Savor the last days of late sunsets, long daylight hours, shorter workweeks, and bearable temperatures in the Windy City with these fun, seasonal activities available to Chicago’s residents and local visitors. We know that many of these activities have been altered to ensure safety guidelines and measures are taken but note that keeping a safe distance from individuals and groups as well as wearing a mask at all times is an added measure that you can control! We’ve aimed to select activities that are conducive to these precautions.
Rogers Park is a vibrant and diverse community 9 miles north of downtown Chicago, known for beautiful parks, spectacular early 20th-century architecture, one-of-a-kind restaurants, and a bustling art community. These days when housing developments are built and new neighborhoods created, their names contain little to nothing that ties them to the land or the history of the area. (Canyon Estates or Highland Lakes…really? Wasn’t this place a cornfield two years ago?)
Having to spend more time at home, either working, cooking, schooling your children, fostering a new furry friend, or working out – your home has become the catch-all during Covid. It seems that amenities, like fire pits, rooftop access, pools, or fitness centers are becoming a more coveted slew of assets to ensure your time at home and your rental fee is well spent.
Chicago has a history of resiliency at the hands of small communities, pockets of neighbors, and small businesses lending a helping hand for a fellow in need. Part of our Midwestern mentality extends to hospitality, caring for those who need it, assisting those who ask for it, and providing a hot meal for anyone hungry. The modern-day adaption of this sensibility has dug deeper to address catalytic pain points for humans (or pets) in need. Offering ongoing support through commerce pledges, one to one donations, and hyper-focused support to topical groups or minorities in need. Chicago isn’t just the city with Midwestern charm, it’s a city that puts its money where its mouth is as one of the most influential food capitals of America. The marriage of support through businesses within the food and beverage industry just made sense. Luckily for all of us, the rewards continue to reep benefits well past the first bite, sip, or swallow. Below are a handful, but by no means a comprehensive list, of Chicago hot spots that give back.
Placing your home on the market can come with an onslaught of tasks, some more daunting than others. However, there are a handful of ways to get your home ready for listing that takes little time and effort. Doing research on both your local listing and buyers market will also help you to understand the landscape you are planning to enter. To make your life a little easier, Fulton Grace has compiled a small list of items to check on and potential precautions to take when considering listing your home.
Whether you’re planning on selling your home or simply attempting a few upgrades to improve your property, it’s important to know what the potential ROI is before you get started. It can be difficult to decipher if a helpful update on your home will end up being a money pit on your wallet, doing some research beforehand can help curb these curiosities and potential pitfalls. The following list has been curated to assist you with determining your (potentially) greatest ROI – especially if you’re ready to sell.
New construction homes come with a set of unique benefits. You’re moving into a new space that hasn’t been lived in by anyone else, everything is clean and unused. Also, you’ve probably got some new, modern features that your friends in older homes don’t have. Just these benefits alone might have you convinced that living in a new build is the way to go, which is great! If that’s what you’ve decided, there’s a lot that you want to be aware of when looking at new construction homes.
Over the past decade, the popularity of mixed-use developments in the United States, including Chicago, has surged. Mixed-use developments are considered tactics often used to rejuvenate communities by creating a space where residents can also work and shop. While mixed-use developments usually mean larger and taller buildings, an arguable dissent of some, the benefits of mixed-use properties are reason enough to welcome the idea in many neighborhoods.