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Thomas McCarey

Rainy Day Bike Rides and Voting Early in Chicago

Our efforts to enjoy the great outdoors Monday were stymied by an intermittent rainfall. At one point there seemed to be a window of opportunity, so we harnessed the bikes on the 4-Runner and made our way to the bike path at Caldwell Woods. Right when we got there the sprinkles galvanized into a full-fledged downpour, and chased us into the nearby SuperDawg Drive-in. For those of you who haven't been to SuperDawg you can't consider yourself a real Chicago hot dog aficionado until you have made eye contact with the dancing hotdog atop the drive in while sating your appetite. While some may prefer Portillo's, these two pooch purveyors balance in my mind to create a finely tuned fulcrum of the Chicago dog experience. It's rare that a return trip from O'Hare International Airport won't feature an exit at Nagle and a jaunt to SuperDawg near the intersection of Milwaukee/Nagle/Devon. So as Lucas eased into a carseat nap, Jackson was chomping at the bit to down some of the goods from this culinary wonderwerk. No worries for those reading today who are keeping a tally, Jackson's lunch wasn't a dog - his fare was a grilled cheese with fries and a portion of a chocolate shake. A few hours later we did wheel the bikes out of the garage with the boys in their seats. The weather decided to cooperate and we wanted to join the growing chorus of early voters so we greenly made our way to perform our civic duty at the Edgewater Public Library. With five minutes to spare before the 5pm closing we walked in, showed our state id's to cast early ballots. With Lucas balanced on my knee my eyes welled up with tears as I saw Barack Obama's name at the top of the ticket. So with Jackson at her side and Lucas on my knee we joined the growing ranks of early voters. Leaving the overly warm library auditorium and buoyant with the future we hope our small efforts will visit on our boys and our country we made our way back outside, straddled our bikes and rode to the lakefront to scratch a path somewhat south along Lake Michigan with no particular destination in mind. Perhaps the clear skies at the end of the day are an omen of good things to come. That's what we are feeling here at The Real Estate Lounge Chicago.

Sacred Chicago Real Estate - Wrigley Field Where the Cubs Keep Winning

Gorgeous Expanse of Green in Grass and IvyWrigley Field on a sunny Summer afternoon...

Few things in life provide such a rare pleasure. And with the Chicago Cubs tearing up the national league with a major league-leading 42 wins, the Friendly Confines have rarely been friendlier real estate to this life-long Cubs fan.

Early on Cubs ace Carlos Zambrano was tagged for a two-run shot to left. But given the offensive firepower surrounding him and with the wind whipping the left field flags like mad, this deficit seemed puny and easy to overcome.

Except it wasn't.

The Hand Operated Scoreboard at Wrigley FieldInning after inning the northside nine put up goose egg after miserable goose egg. In days of old (going back an entire century) Cubs fans would have anticipated the worst. An "L" for loss would be lifted atop the center field score board and that would be that, a simple single pockmark in a season rife with the rough terrain of far too many pockmarks.

But this team has proven to be different. And this day would be proof of this difference.

After several false starts, the Cubs finally gained a little traction in the 7th inning and halved the Atlanta Braves lead to 2-1. Given the fact that the Cubs have been scoring runs in droves, one run should be a gimme.

The Only Good W - Win at WrigleyTurns out the gimme waited until the bottom of the 9th to show up. That's when Jim Edmonds poked a line drive homer to the basket in left to tie the score. Ah, the universe felt as if it was coming back to a charitable disposition. Except that in this instance charity wasn't given - it was taken. And the final collection waited until the 11th inning to bear its lovely toothy smile.

To set the table of the 11th inning picture the bases loaded with Cubs and no outs. Great position for pinch hitter Reed Johnson to be in as he took his place at the plate. He waited for the delivery of the first pitch from the brand new reliever when instead of getting a hit to win the game he was simply hit to win the game.

Kind of anticlimactic, yes, but nonetheless Johnson was hit by the first pitch, forcing in the winning run and the Cubs improved their major's leading victory total to 43.

And we raised our voices as if in unison we 41,000+ faithful on hand to mark this latest entry in what we hope is a storybook season for this team we call our own.

Warm Living Room at 726 AddisonBy the way, located at Sheffield and Clark, Wrigley Field is two and a half blocks from a transcendent bit of Chicago real estate listed by Tom McCarey of The Real Estate Lounge Chicago - 726 Addison is a luxury condo on the top floor of a fully rehabbed all brick building. With a flowing extra wide layout, this condo is perfect for any number of Chicago real estate buyers, including first-time buyers or buyers looking for a bit more space in a wonderful Lakeview location, or out of towners looking for an in-town residence.

And another thing...

Commerial Kitchen at 1858 RaceAnother simply gorgeous residence that single home seekers in the Chicago real estate market need to know about is 1858 Race.

Occupying a bright corner in Chicago's very hot East Village, this contemporary four-level luxury single family is the rarely available under $1MM residence. Having represented the buyers when we purchased in 2004 I can speak to the top notch quality of this Chicago single family home from top to bottom - commercial grade kitchen, artistic floating staircase, solid 8-foot doors, hardwood floors throughout, 6-zoned multi-component sound, awesome penthouse suite with walkout deck with beyond-your-imagination Chicago skyline views. Plus there's a deck atop the two-car garage. This home will appeal to luxury home seeker who is either a current Chicago resident or is a corporate relocation to Chicago.

For more information on either of these must see homes, either call me at 773.848.9241 or email me tom@TheRealEstateLoungeChicago.com.

A Saturday Night Meal Leaves Something to be Desired

Jackson Towers Over TrumpWe cleared the 5.30 threshold Saturday night and somehow we figured we were ahead of the game.

The diaper bag was packed.

The boys were strapped into their seats.

Westward ho went the four of us, tracking down a barbecue joint new to us but universally acclaimed by those many who preceded us to its doorstep.

Saturday night wasn't such a great worry as we had pushed forward our timeline and scurried out the door sooner than the masses.

Or so we thought.

Hearkening back to some real old daysIn such haste had we left our Edgewater abode that we didn't even have the restaurant's exact address. Fortunately the Blackberry was able to sift through our misspelling and pointed us to Smoque near Grace and Pulaski in Chicago's Old Irving neighborhood.

Unfortunately our well-intended plans hit snag number one as the threshold of this well-received (and tiny) eatery was packed with would-be diners whose mere presence meant a hefty wait.

No can do with Jackson and Lucas and their need to eat timely and satisfying meals.

Lucas Riding along with guy named BobSo we punched the gas and cruised south to Diversey and Western to check out Fat Willy's in Logan Square. With more seats than Smoque we were hopeful that Fat Willy's would be able to accommodate us. Unfortunately when we rolled up there were even more people milling about the outside of this joint waiting for tables that were some 40-60 minutes away from being available.

Crestfallen with forehead to steering wheel forlornness was creeping into my emotional vocabulary.

Time now was definitely not our ally as any place to eat worth its salt would have a wait. And waiting we couldn't afford to do with two hungry lads whose primary means of communication is guttural utterances and heart-wrenching cries when they don't get their due.

We eased onto Western, southbound, with no destination in mind when Nicole suggested Calvin's near Western and Armitage in Palmer Square.

Twice before we had eaten here. Both times were satisfactory. At this point rave reviews would give way to simple satisfaction.

I suppose at the end of the day that is exactly what we encountered at Calvin's. Simple satisfaction.

It was satisfactory. No one got food poisoning. No one broke out in hives. And though the restaurant no longer buys ice (thus no iced tea which is nearly sacrilege at a rib joint), our beverages were cool enough to comfortably drink.

Nicole & Jackson on the RiverBut come to think about it a Saturday night meal is meant to be more than satisfactory. I don't expect a marching band to high step by with each chewed morsel or every sip of a milk shake to catapult me into remembrances of pony rides as a child.

But in the front and back of my mind I expect our Saturday night dining experience to surpass merely satisfactory. But the pulled pork lacked punch, the meat refused to fall gingerly from the ribs, the turkey tasted processed, and the sweet potato fries looked like something alien and tasted as bad as they looked.

But we didn't face a line out the door to sit down and dine. Looks like there's a reason for that.

But all was not lost as we detoured to Chicago's Southport Corridor on the way home and hit the Dairy Queen at Grace and Southport. And as raindrops fell we settled in to enjoy a dipped cone and a perfectly delectable Heath Bar blizzard.

As my aged and frail mom would say, the DQ experience was a "wow, wow, wow."

Triple wow and two sugar coated babies. The perfect way to end a Saturday night.

A Baby's First Sequence of Steps (and the Chicago Real Estate Market Continues Moving Forward)

See the orginal expression of this post at TheRealEstateLoungeChicago.com Cinco de Mayo Makes me smile It's it's the day when my baby Lucas Walked with style... And like a battle-weary boxer reeling at the end of the fight, he staggered and jostled toward multiples of steps in a row. Congratulations on another feather in your cap! By the way, I noticed earlier in the day at Trulia, where consumers have the opportunity to ask questions of real estate professionals this inquiry. Something somebody asked about something Here's the thing - despite proclamations regarding the demise of the market, the market has not met its demise. I repeat, the market has not met its demise. In the neighborhood alluded to by the questioner activity has not capriciously declined. In fact, depending on what you are looking, for it is among the steadiest of Chicago's residential neighborhoods. In fact, the neighborhoods where I transact with my buying and selling clients most often on Chicago's north and northwest sides the market is doing just fine. These areas include the Gold Coast, Old Town, Lincoln Park, Lakeview, Wrigleyville, Roscoe Village, Uptown, Andersonville, Edgewater, Lincoln Square, Bucktown, East Village, Wicker Park and North Center. To substantiate my belief are the facts of the market. See for yourself by clicking here to see a comprehensive neighborhood-by-neighborhood report done by my brokerage, Chicago's @properties. @properties market report I think I understand where the Trulia questioner is coming from - over and over the drum beat of the sour real estate market is sounded in media outlets. But whereas the Tribune or Time Magazine are reporting of specific locations, what is going on in Miami or Vegas IS NOT what is going on in Chicago. I wouldn't say the Chicago market is robust. But I also think it's entirely incorrect to paint our market with the same paintbrush that is coating the canvas of tanked markets like Miami, Vegas or elsewhere. If nothing else I hope the comprehensive report I have provided here serves to offset some of the misperceptions and misconceptions of the current market. By the end of the process we, like Lucas, will find our feet steadily below us as we continue moving forward.

Meeting Moses at an East Village Coffee Shop (When He Gets an Emailed Offer)

Sleek silver Vespa in front of East Village bistro.Moses tooled up to an East Village coffee shop earlier today on his new sleek silver Vespa.

It had been a while since I had seen the old guy, but I'm never surprised by what he does or how he does it. Today being a slight slice of Spring on what this year has been an ever-elongating wintry landscape he opted to go, as he referred to it, as "topless." So there he was in front of the Mercury coffee shop on Chicago Avenue just east of Ashland beaming like a goofy sophomore who was taking the prom queen to the dance.

We in Chicago tend to get a bit short of breath with each whisper of spring and mi amigoMoses, possibly as a testament to his youthful spirit, is no different as he showed off his new ultra-efficient two-wheeler before temperatures headed south again. You see though April is a slight stone's throw from where we stand there's still snow on the ground on the north side of my Edgewater home and we can see our breath when we exhale.

Moses sips his latte"Wow," I said and simultaneously wondered to myself whether Moses, a Chicago real estate pro like myself, would go to showings on the bike. No sooner had I mused this than he broke out his technological toolbox and I knew that this toga donning nutsicle didn't need the shell of a car or or the trappings of a truck to sell real estate.

From the newest Blackberry (with 10 email capacity and "tethering" ability to enable full wireless internet performance in addition to serving as a mobile phone), Bluetooth (for handsfree conversing), digital camera, an unabiding knowledge of the market and an undeniable "can do" attitude, Moses cut quite the 21st Century figure on the Chicago real estate landscape. Had I not known him so well or been so severely self-confident myself I might have been intimidated.

Instead I was impressed.

Moses fields a phone call with his blue toothSo we sat down to a mid-sized latte to talk the Chicago real estate market and what's going on with buyers, sellers, and fence sitters. Then the conversation took a turn.

That's when his phone nibbled the air with its gentle timbling.

Trying not to eavesdrop but straining to hear what I could I detected a muffled tone seeping past Moses' Bluetooth that an offer had been sent via pdf. Having been the recipient of several and various offers of late I simply hoped that the paper on which the offer had been written had not been used in vain.

Moses, ever the picture of cool conducted himself as if the caller was right there in front of him, nodding his head and squinting his eyes when needed. He purred his voice back to the caller that he would get back to him if the offer was sufficient.

Having hung up the call he winked at me over the hood of his 17 inch HP lap top. "Give me a second so I might discern if my friend and I sip from the same cup of tea."

Moments after firing up this generation's version of the teletype machine I witnessed a momentary flaring of temper as my good friend lifted his arms skyward as if to ask for divine intervention to offset what his eyes beheld.

Momentarily enraged in front of the pdf of lowball offerNo sooner than it appeared had the anger dissipated and he regained his game face. He nodded at me and chuckled, "It appears that the caller's tea cup is dangling in a different plane of reality."

Not being all-too-versed in Heidegger I allowed the silence between us to exist until he wished to puncture it.

And so each of us quietly returned to our delicious caffeinated beverages until he allowed that the offer orbited at 85% of asking price.

He went on to say that the roughly 85% offer was made on a listing price that he, his client, and the overall East Village market deemed to be a fair value price.

He didn't seemed insulted. Nor did he appear perturbed. Instead, if I was to characterize his demeanor, it would be that he was stoically fatigued.

Now I don't mean to say that Moses seemed ready to take a John McCain-type middle of the day nap - but as he spider-mirrored his finger tips together he chewed out the words that he couldn't wait for good sense and reason to reappear in the Chicago real estate market.

"What's next?," I asked him.

"It's up to my client - but in all likelihood we'll meet their salaciousness with silence. That or a take it or leave it number well beyond their starting point."

We sat again in silence, possibly the same silence that would serve as his client's response to this exquisitely low offer, and I wondered what was behind the buyer's starting point.

  • Did he think that he'd buy the place with such a scathingly low offer?
  • Did he think by starting so low that he'd be able to buy the middle?
  • Was he thinking at all?

I am proud to endorse Barack Obama!A few more minutes passed, the level of caffeine lowered while our degrees of personal caffeination increased when the phone rang again. This time it was my 10 email capable wireless internet tethering Blackberry that I had patched into my own laptop.

"Hi, Tom McCarey," I crooned into the phone. It was an agent I didn't know wanting to schedule a showing of one of my condo listings at the last minute. Knowing that my clients were out of town and that they kept the place ready to show at a moment's notice I told her I would meet her in front of the property.

I wanted to grill her - how long has your client been looking, how many places have you seen, how many places have you seen today, what's the timeline, the motivation, is your client thinking there's a "deal" or is your client reasonable.

Sure, it could be the same thing Moses and I had spent the last half hour mulling over. But then again, you never know who you might meet.

By the way, Sunday's opens include:

856 N Paulina from 11a-1p (East Village condo) and 2214 W Cullom from 2p-4p (Lincoln Square new construction single family home).