January 28, 2024 - Chicago Homes for Sale MG Group Luxury Real Estate

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How Mayor Johnson’s Proposed Tenant Ordinance Could Affect Chicago Landlords

Mayor Brandon Johnson’s proposed 2027 tenant ordinance pairs mandatory relocation payments with rent caps. For Chicago landlords, the combination compresses net operating income while adding new exit costs. Here’s how to model what it means for your property before the vote.

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Chicago New Construction Property Taxes Catch Most Buyers Off Guard

Cook County assessments lag new construction by roughly 18 months, creating an annual tax gap that can exceed $24,000 for unprepared buyers. Here is what Chicago new construction buyers and sellers need to know, and how to contest every cycle.

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How HOA Documentation Delays Kill Chicago Condo Deals

In Chicago’s shifting condo market, a slow or evasive property management company has become one of the most underestimated threats to closing. Here is what buyers and sellers must know before attorney review ends.

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Chicago Leads in Home Price Appreciation Despite the Summer Slowdown

Chicago ranks first in the nation for year-over-year home price appreciation, nearly double New York’s rate, while inventory sits at a 14-year low. Here is what the summer deceleration actually means for buyers and sellers who are active right now.

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How to Stay Ahead in Chicago’s Changing Summer Real Estate Market

Chicago still leads the nation in home price appreciation, but buyer behavior has shifted sharply since spring. Here is what the Chicago summer real estate market actually looks like on the ground and what it means for your next move.

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Why the Zillow-Compass War Doesn’t Affect Your Chicago Sale

Zillow’s own transaction data shows only 3% of U.S. home sales originate there without an agent. For Chicago sellers represented by an experienced broker, the Compass-Zillow standoff changed almost nothing that mattered in a closed deal.