Ted Mortellaro Chicago Real Estate latest information and Trends

01/12/2023

4417 North Magnolia Avenue, Unit #1
3 bed | 3 bath
Listed Price: $525,000

Extra-large duplex down is now listed on the private listing market. This incredibly spacious home boasts three living separate living spaces and with its updated kitchen this home is a must see! Interested in a tour? Please reach out today!
If you're thinking of selling your home, I’d love the opportunity to show you how SwakeGroup had an average sale price of over 100% of list price in 2022

03/14/2022

Questions about being a first time buyer? Feeling alone in the process? Interested in a $750 closing cost credit?
Join us for a first-time home buying seminar at Elixir in Andersonville (1509 W Balmoral Ave) at 6:30pm on Tuesday, March 22nd.
It's not that often that you get the chance to tap into ALL the people involved in the home buying (and selling) process at one time. We will enjoy food and drink during a Q&A with Samson Demello-Rice, a senior loan officer at Synergy One lending. Followed by anecdotes and stories from two top producing Realtors (Michael Peterson and Ted Mortellaro) that focus on the Northside condo/housing market, providing insight and stats on the current market. We will round up the end of the night with James Sethna of Ashen Law, who has always taken great care with our clients to make sure the legal pitfalls are avoided. There will be plenty of Q&A. It's a night of fun and the support you need to get through one of the biggest decision of your life. We'll cover up to $750 in closing costs and provide information about federal grants!

Tue, Mar 22, 6:30 PM CDT: Elixir in Andersonville is a great place to start our group. We have the whole space to ourselves, a bartender on hand and food to boot. It's not that often that you get th

10/28/2019

Is Chicago on a bubble with real estate prices? While we hear rumblings of a recession and over inflated housing prices this new UBS report supports what I have been thinking about Chicago housing prices which is there is no bubble here. Every year prices have gone up modestly in the area which is unlike most coastal cities in the US which have seen 7%, 9% even 13% in a year. The modest increases of 2%-5% has kept prices here moving up but not at a pace as to outpace incomes. In fact of the 24 cities around the world that UBS analysed Chicago is the only city where housing prices are actually Undervalued based on people's income. See the most recent report.

Find out the latest property prices and cost of living in global cities.