Real Estate

High-End North Shore Rentals in Hot Demand

The recovery of the housing market means fewer rentals in the area, which has led to multiple bids on some single-family homes.

High-end North Shore rental properties are being snatched up at a whirlwind pace, Crain’s Chicago Business reports, with examples like a Kenilworth colonial that had two offers its first day on the market for $9,000 a month.

As the housing market recovers and people are able to sell, there are fewer rentals available, the article states. Yet the demand is still there, whether it’s from people stuck between a sale and a closing on a new house, an executive in town for a short-term job, or a family that needs a rental home because of divorce or during the transition from the city to the North Shore while they get their bearings.

You can read the full Crain’s article here.

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