CONDOChicago.com April 2005
Newsletter
Specializing in Chicago condo &
loft living
Visit http://www.condochicago.com/ to see
the best in Chicago properties
online. View our featured listings or
search from our database of over
60,000 Chicagoland homes, condos, lofts,
and more. Here is the latest
news and featured listings.
Outstanding Printers Row Loft
Located in the fabulous Printer's Row in the sought after
Peterson building, this 2 bedroom, 2 bath loft demands your attention! This is
1240 sq ft of hardwood floors, exposed brick with a custom kitchen and a cast
iron fireplace. The master bedroom features halls with organized closets for
great storage and the master bath has double bowl sinks. Don't forget the 11ft
ceilings and the rooftop deck for warm weather fun!
Offered at
$315,000 plus $30,000 for garage
parking
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Outstanding River West Penthouse
Duplex
Live and relax in style with this outstanding River West penthouse duplex! This 2300 sq ft penthouse duplex comes complete with 3 large bedrooms, 2.1 bath and outstanding skyline views that you can soak up will on the rooftop deck. Cherry hardwood floors embrace the entire unit and is wired for sound. You'll eat up the Gourmet Kitchen with 42" cherry cabinets, granite tops, and stainless appliances including a double oven. The marble master bath features a double bowl sink and separate show and tub. Price has been drastically reduced. Owner is relocating and says SELL!
Offered at $639,900
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Playing the Gains Game
What is the number one way to make money tax
free? Yes, tax free. It may just be moving. Buying and selling your primary
residence. So long as you live in your home two out of the last five years you
should qualify for a substantial opportunity to profit prior to paying any
taxes. The current limits are 250k for an individual or 500k for a married
couple. This is a substantial opportunity to earn money tax free. If an
individual lived in a home two years and profited 250k that would calculate to
125k per year. How much would you need to make annually in your career in
order to walk away with 125k after taxes? Probably close to 200k. This is like
having an extra job of 200k per year. That is a serious income!
You may want to take advantage of tax free
profit as often as you can. Make sure you consult your accountant for the most
accurate information. You can also defer tax gain on investment property with
a 1031 tax exchange. Using proper strategies with a qualified team of
professionals can greatly enhance your quest for financial security and
independence. Call us today for a consultation.
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Remember, you can search the MLS on CONDOChicago.com and feel free to to
pass
this email on to someone who may be in the
market.
Stacy Karel (312)278-8574, Neringa Northcutt (312)278-8565,
Stacy Karel (312)278-8574, Neringa Northcutt (312)278-8565,
& Cherie Turner
(312)278-8592