Apartments for Low Income

Questions and Answers

Your Questions About Luxury Apartments Chicago

November 12, 2012

Robert asks…

Moving to Chicago..What luxury highrise apartments do you recommend?

Looking for a safe neighborhood…Pref in a trendy/young area with rent that is not sky high…Any recommendations? Looking for names of buildings, areas and any other recommendations..Thanks!
conflicting requirements? lol…you act like I gave a price point or told you i was looking for a 3 bedroom 2 bath under 2k or something…stop being obnoxious and don’t comment again if you don’t have anything nice to say or recommend..

Administrator answers:

Try The Chicagoan on Chicago Ave. It’s about a block from the watertower. My dorm last year was 2 blocks away from it and I’ve heard good things. I think it’s $1600/month for a one bedroom.

Linda asks…

What’s a good price for a studio apartment in Chicago? 1 Bedroom? 2 Bedroom? And a Luxury Studio?

Also: What’s the difference between a studio, luxury studio, and a one bedroom?

Administrator answers:

I never heard of a luxury studio. I guess it’s freshly rehabbed?
Studio – 900 to 1300
Junior 1BR – 1200 to 1500
1bedroom – 1200 to 1900
2bedroom – 1600 up

It depends a great deal on where the apartment is located. I live in Chicago, and work in the rental market, but since I have a condo I’m a bit out of touch with the prices. You could for search yourself, here: http://www.apartments.com/Results.aspx?page=results&state=il&helicon=0&rgn1=1&area1=y&area2=y&prvpg=5&Rent_Minimum=0&Rent_Maximum=2000

Sandra asks…

im trying to find a small studio apartment in chicago..?

for less than $500 rent per month. im not looking for a luxury apartment or anything, but something that is in a nice neighborhood, as i have a 2 year old daughter who will be moving with me. i would prefer to be somewhere near the southside, i have to be close to my mom who lives by midway airport, and i have to be able to easily access public transportation to get downtown for school early in the morning. has anybody found a place like this? let me know.

Administrator answers:

Hi, you should try www.chicagoreader.com They have all sorts of Chicago apartments, including Studios. And you don’t need a car if you can’t afford it. I just moved to the Chicago and I’m using the CTA and car sharing service called i-Go (www.igocars.org).

Good luck! :)

Mandy asks…

Recommendation of apartments in DOWNERS GROVE, IL?

I am moving to Chicago to start school at Midwestern University in DOWNERS GROVE. I want to know if anyone knows any good apartments in the area? If someone could recommend some good luxury apartments…with good security and stuff in the area that would be great…thanks

Administrator answers:

Try these links. Good luck!!

Mark asks…

Will Obama’s rockstar power be enough to save taxpayer bank cheat Giannoulias from losing his old senate seat?

Obama’s Thursday afternoon campaign event for Giannoulias, the beleaguered state treasurer of Illinois, reportedly raked in $1 million. Lagging behind his GOP opponent, liberal Republican Rep. Mark Kirk, Giannoulias has coveted one-on-one, grip-and-grin time with Obama for months. In addition to the cash, photo-ops and video of the Obama fundraising event that Giannoulias will milk from now until Election Day, the White House has dispatched Vice President Joe Biden, White House senior adviser David Axelrod and White House campaign management guru David Plouffe to boost Giannoulias’ bid. Plouffe proclaimed Democrats “all in” for Giannoulias, whom he described as “a great progressive champion.”

Obama gave his own personal seal of ethical approval, telling deep-pocketed donors this week: “I appreciate his strong sense of advocacy for ordinary Americans. You can trust him — you can count on him.” Uh-huh. And I’ve got a bridge to Hope and Change to sell you.

.

What would Giannoulias know about “ordinary Americans”? Giannoulias, 34, befriended Obama during pickup basketball games with an elite group that also included Michelle Obama’s brother, Craig; Chicago edu-crat Arne Duncan (now Education Secretary); and hedge fund manager John Rogers (the ex-husband of the Obamas’ ex-White House social secretary, Desiree Rogers). He spread his wealth and influence around early and often to support Obama’s fledgling political career. He pitched in $7,000 in 2003-2004 to Obama’s Illinois State Senate bids. He hosted fundraisers for Obama’s U.S. Senate campaign in 2004 and for his presidential campaign in 2007.

Where’d the cash come from? Giannoulias’ Greek immigrant family founded Chicago-based Broadway Bank, a now-defunct financial institution that loaned tens of millions of dollars to convicted mafia felons and faced bankruptcy after decades of engaging in risky, high-flying behavior. It’s the place where Obama parked his 2004 U.S. Senate campaign funds. And it’s the same place where a mutual friend of Obama and Giannoulias — convicted Obama fundraiser/slum lord Tony Rezko — used to bounce nearly $500,000 in bad checks written to Las Vegas casinos. This week, the Chicago Sun-Times revealed an additional $22.75 million Broadway Bank loan to a Rezko-owned business in 2006. Giannoulias held an ownership stake in the bank at the time.

Giannoulias served as Broadway Bank vice president and senior loan officer for four years. According to the Chicago Tribune, during Giannoulias’ tenure, some $27 million of Broadway Bank’s funny money went to mob crooks Michael “Jaws” Giorango and Demitri Stavropoulos. Giorango is a hustler who fronted a nationwide prostitution ring and was sentenced to six months in prison; Stavropoulos is behind bars for operating a multistate bookmaking ring. Giorango ran the $400-an-hour call girl operation out of high-rise luxury apartments in Chicago with the infamous “Gold Coast Madam,” Rose Laws. Giorango and Stavropoulos used their Broadway Bank loans to start their own risky lending business for nontraditional borrowers unable to secure traditional bank financing.

Despite Giorango’s criminal record exposed by the Tribune in 2004, Broadway Bank approved massive mortgages for him. Giannoulias’ brother, Demetris, explained that as a “relationship bank,” Broadway wouldn’t just throw someone under the bus because of a “bad article.” Instead, the bank went ahead and rubber-stamped a September 2005 loan for $3.4 million to buy a 32-unit Los Angeles apartment complex. The application falsely stated that the borrower, Giorango, had “not been convicted of a felony.” Giannoulias oversaw the servicing of such shady loans totaling $11 million. Remember: He was no low-level staffer. He was, as he reminded supporters when he needed to deflect attention away from his youth, top management at Broadway Bank.

In January 2010, the bank entered a consent decree with federal and Illinois state regulators. It required Broadway Bank “to raise tens of millions in capital, stop paying dividends to the family without regulatory approval, and hire an outside party to evaluate the bank’s senior management.” The city’s former inspector general blasted Giannoulias and his family for tapping $70 million worth of dividends in 2007 and 2008 as the real estate crash loomed. Broadway Bank was sitting on an estimated $250 million in bad loans. In late April, federal regulators shut it down. Cost to taxpayers: an estimated $390 million. Giannoulias refused to drop out of the race — and instead used the company failure to argue that it made him more qualified to serve in office: “I have a renewed vigor and a new perspective on just how horrible it is out there for so many people.”

http://giannoulias.nrsc.org/

Administrator answers:

No. Everyone is onto the crooked Chicago Machine now. Obama and the rest of those cronies are exposed now. People will be watching for the voter fraud. Watch for the smears though.

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