What’s Really Happening at Lincoln Yards? A New Chapter for Chicago’s Riverfront

What’s happening to the Lincoln Yards development in Chicago, and what does it mean for the future of the city’s riverfront?

After years of delays and shifting plans, the ambitious Lincoln Yards project is being reimagined. The site is now evolving into multiple developments, including a fresh vision called Foundry Park, reshaping how residents and investors view this prime stretch of the Chicago River.

Early rendering of Lincoln Yards showcasing its original mixed-use riverfront vision.

A Megadevelopment That Never Quite Materialized

Originally launched by developer Sterling Bay, Lincoln Yards was set to be a $6 billion, mixed-use transformation of industrial land between Lincoln Park and Bucktown. With plans for tech hubs, parks, housing, and entertainment venues, it promised to redefine the city’s North Side.

But over time, financing challenges, infrastructure delays, and shifting market conditions stalled progress. As portions of the site were repossessed by lenders, the grand vision began to unravel.

Site map of Foundry Park (red) – Lincoln Yards (orange) via Google Maps

Enter Foundry Park: A New Direction for the North Side

Now, a new player has stepped in. JDL Development is moving forward with a project called Foundry Park on the northern half of the former Lincoln Yards site. This development brings a more grounded and community-forward approach to the area.

Highlights of the Foundry Park plan include:

• Up to 3,000 new residences

• Ground-level retail space

• Expanded green space and potential riverwalk access

• Thoughtful integration with existing neighborhoods

This pivot aligns more closely with what many local residents hoped to see: a vibrant, livable, and scalable neighborhood along the Chicago riverfront.

Overall site plan of Foundry Park by HPA

What About the Rest of Lincoln Yards?

The remainder of the site is still in flux. Other developers are reportedly in talks to acquire different parcels, meaning that Lincoln Yards which was once a single megaproject is now likely to become a collection of distinct but complementary developments.

For anyone watching Chicago’s urban evolution, this is a pivotal moment. It’s a reminder that large-scale city planning is never static and that vision must adapt to economic and community realities.

A Sign of Positive Momentum

Whether you were skeptical of Lincoln Yards or excited by its potential, the emergence of Foundry Park and the piecemeal redevelopment of the site marks real progress. The Chicago riverfront is evolving and opportunities are emerging for residents, investors, and businesses alike.

A Tale of Two Markets: How Holiday Inventory Is Shaping City and Suburban Real Estate

What does today’s inventory really look like—and is the private listing network still the secret goldmine it used to be?

This time of year, there’s more going on than meets the MLS. Or at least, that used to be the case. As the holidays approach, many buyers and sellers assume the market slows to a crawl. But this year, even the private market isn’t overflowing with opportunity.

Let’s take a look at two distinct yet surprisingly similar markets: Lincoln Park in the city, and Winnetka in the suburbs.

Lincoln Park: Urban, Active—and Lean

In Lincoln Park, the condo market is still active—but not deep. With 52 active condo listings and just 18 in the private listing network, the so-called "hidden market" is thinner than you’d expect. That means the private market accounts for only about 26% of what’s available.

It’s a similar story for single-family homes:

• 16 active listings are publicly marketed.

• Only 7 private listings exist off-market.

That’s just a 30% shadow inventory. In years past, you might have seen double or even triple the amount of private inventory compared to what's active. Not this year.

Buyers used to turning to private listings for more variety are finding those options just as scarce.

Winnetka: Suburban Calm, Same Scarcity

Winnetka's single-family market offers a suburban counterpoint—but the inventory story is nearly identical:

• 11 active listings

• 11 private listings

A 50/50 split might seem more balanced, but make no mistake: this is low inventory on both sides. The private market here isn’t booming; it’s simply mirroring a very lean public market.

Similar Markets, Different Motives

While both markets are experiencing low inventory, the drivers aren’t always the same:

• In the city, some sellers are holding back, unsure about timing or whether to go live now or wait until spring.

• In the suburbs, private listings often reflect sellers testing pricing or staying flexible without the pressure of a public launch.

Still, the result is the same: fewer properties overall, no matter where you look.

Why Holiday Inventory Looks Like This

Let’s be honest: the end of the year isn’t when most people think of making a move. But that’s exactly why there’s opportunity.

• Less buyer competition means better negotiation power.

• Motivated sellers want deals done before year-end.

• Private listings offer an edge—but not a surplus.

In short: holiday inventory is thin. Across both the MLS and the private listing network, this is a tight market.

Final Takeaway

The tale of these two markets—urban and suburban—reveals a shared truth: low inventory is defining the season. The private listing network, once a rich source of hidden opportunities, is just as lean as the public side.

Whether you’re in the city or the suburbs, strategy matters more than ever. You need timing. You need access. And you need to know where the few real opportunities are.

Learn how timing the market can help you maximize your home purchase or home sale. Let’s talk strategy before the year wraps up.

Chicago Holiday Lights

Where to See the Most Magical Outdoor Holiday Decor in Chicago and the North Shore

Where can you find the best Christmas lights and outdoor holiday displays around Chicago?

Whether you’re hunting for the ultimate photo-op, planning a cozy evening drive, or just want to soak in the holiday magic, Chicago and the North Shore know how to bring the sparkle. From glittering city blocks to elaborately lit homes in the suburbs, there’s something magical about seeing this area dressed up for the season.

Big Lights, Big City Vibes

Let’s start downtown. Chicago shines this time of year — literally. The Magnificent Mile glows with twinkling lights wrapped around every tree, and storefronts pull out all the stops with window displays that rival Broadway sets. The city’s skyline becomes a backdrop for holiday lights, and you can feel the energy shift as soon as the decorations go up.

If you’re downtown, bundle up and take a stroll along Michigan Avenue, then make your way to the ZooLights at Lincoln Park Zoo. It’s a festive mix of lights, music, and animals , it’s lways a crowd favorite. Even if you’ve been before, it somehow never gets old.

Neighborhoods like Roscoe Village also go all in. Entire blocks seem to compete for who can be the most festive, and you can feel the pride and creativity in every glowing reindeer and synchronized light show.

North Shore = Holiday Magic in Every Driveway

Now let’s head north. Chicago’s North Shore turns into a winter wonderland, with homes that look like they jumped out of a holiday movie. Think twinkling rooflines, oversized ornaments in snowy yards, and front porches wrapped in garlands and greenery.

One of the best parts of the North Shore is how beautifully the holiday lights blend with the landscaping. You’ll see giant evergreens lit up in soft white, entryways framed with pine garlands and ribbon, and entire blocks glowing with that classic warm holiday feel. Some homes go for show-stopping displays, while others keep it simple and elegant — and both styles shine.

Willow Hill Lights in Northbrook is a must-see. It’s a 2.5-mile drive-through experience that’s perfect for families or anyone who wants to stay cozy while taking in over a million lights. Pro tip: grab a hot cocoa before you go.

And don’t miss Lightscape at the Chicago Botanic Garden. It’s a walking path of illuminated trails and glowing archways through the gardens — romantic, peaceful, and seriously photo-worthy.

Tips for Your Own Holiday Lights Tour

• Go early in the season — The best displays go up right after Thanksgiving and stay up through early January.

• Weeknights = fewer crowds — Especially at ticketed events like Lightscape.

• Dress for the weather — It’s Chicago. Enough said.

• Map your stops — Mix in a few city blocks, a couple neighborhoods, and one big event like a drive-through or garden walk.

• Take photos, but stay present — The lights are amazing, but the memories are even better when you’re not glued to your screen.

Final Takeaway

There’s no wrong way to enjoy the holidays in Chicago. Whether you’re exploring decked-out city streets or cruising through glowing suburban neighborhoods, the lights bring people together — and that’s really what the season is all about. So get out there, take it all in, and let yourself feel a little wonder.

Looking to make a move during the holidays or planning for the new year? The Kernahan Group is here to help with all things Chicago real estate, especially in Chicago and the North Shore. Reach out anytime, we’d love to light the way.

November Market Snapshot: Is Chicago Still a Seller’s Market?

What does the latest data tell us about the Chicago real estate market in neighborhoods like Lakeview, Lincoln Park, Logan Square, and the Near North Side?

In short: It’s still a seller’s market in many of Chicago’s most sought-after neighborhoods—but buyers aren’t out of the game. Here's what you need to know based on fresh data for November 2025.

Inventory Is Tight, and That Favors Sellers

Let’s start with the months supply of inventory. A balanced market usually has about 6 months of housing supply. Anything less, and sellers tend to hold the advantage.

Here’s where we stand:

• Lakeview: 1.3 months

• Lincoln Park: 1.1 months

• Near North Side: 3.5 months

• Logan Square (including Bucktown): 1.1 months【11†nUTc-8Z8.pdf†L1-L10】

With the exception of the Near North Side, all these areas are deep in seller’s market territory. Even the Near North Side, at 3.5 months, leans seller-friendly compared to the national average.

Prices Hold Strong (and Even Climb)

If you're wondering what homes are actually selling for:

• Lincoln Park leads with a median sales price of $742,000

• Logan Square follows at $675,000

• Lakeview is close behind at $525,000

• Near North Side rounds out the list at $443,300【12†nUTn-1sj.pdf†L1-L10】

That tells a story of sustained demand. Prices are holding up—and in some areas, climbing—even with rising borrowing costs.

Buyers Are Still Paying Close to List Price

Here’s the stat that separates serious markets from soft ones: percent of original list price received.

The data shows:

• Lakeview: 100.6%

• Lincoln Park: 100.7%

• Near North Side: 97.3%

• Logan Square: 100.8%【10†nUbd-9D7.pdf†L1-L10】

Yes, you read that right. In Lakeview, Lincoln Park, and Logan Square, homes are selling at or slightly above list price. If you’re a seller, that’s music to your ears. If you’re a buyer, it means preparation and strategy are everything.

What This Means for You

If you're planning to sell in the next few months, you’re entering a strong pricing environment—especially if you're in Logan Square, Lincoln Park, or Lakeview. As top Chicago Realtors, we’re seeing well-prepared homes move fast and often spark multiple offers.

On the flip side, buyers have more room to negotiate in the Near North Side, where inventory is higher. That said, serious buyers still need to move quickly and work with agents who know how to position a strong offer.

Let’s Talk Strategy

Whether you're thinking about listing your property or trying to get ahead of other buyers, now's the time to make your move. The Chicago real estate market is competitive, nuanced, and constantly evolving.

At The Kernahan Group, we specialize in helping clients navigate this landscape with confidence. With boots-on-the-ground experience in Lincoln Park, Lakeview, Logan Square, and beyond, we bring the insight you need to act decisively.

Reach out today to discuss your next steps. We’re Will and Maria Kernahan—and we’re here to help you win in this market.

Dibs Parking in Chicago: A Snowy Rite of Passage

What’s the story behind "dibs" — and why is it such a time-honored tradition in Chicago?
In short: you shovel it, you own it. For decades, Chicagoans have claimed their freshly cleared parking spots with folding chairs, bar stools, milk crates, and anything else that says: "Respect the effort." It's a little quirky, a little rebellious, and entirely Chicago.

Where Dibs Began — and Why It Stuck

Dibs has been around since at least the 1967 snowstorm, when a blizzard dropped nearly two feet of snow on the city. People were digging their cars out with whatever they had — shovels, ice scrapers, sheer determination. And once that back-breaking work was done, well, they wanted to keep their spot.

Over the years, what started as a practical move turned into a neighborhood custom. Chicagoans knew: when the snow piles high, so do the folding chairs. From Bridgeport to Rogers Park, you’d find parking spots lovingly marked with patio furniture, buckets, or even Christmas trees.

It wasn’t just about convenience. It was about community respect. Everyone knew the rule — and even if you didn’t like dibs, you understood it.

A Symbol of Chicago Toughness (and Charm)

Dibs isn’t officially sanctioned. In fact, the city technically bans saving spots with personal items. But in practice? It's part of the fabric of winter in Chicago. Think of it as one of those "unwritten rules" that makes this city what it is.

More than that, it’s a symbol of Chicago grit. It says: "I fought the snow. I won. And this chair is my trophy." There's something beautifully democratic about it. Doesn't matter who you are — if you dig out your car, you get your seat at the curb.

Creative Dibs: When Street Parking Becomes Art

While the classic folding chair is the go-to, Chicagoans have taken dibs to a whole new level of creativity. Some of the most memorable dibs markers include:

These displays are more than placeholders. They're winter street art — bold, practical, and weirdly endearing.

Why Dibs Matters When You’re House Hunting

If you're buying or selling in Chicago, traditions like dibs are more than just fun facts — they're part of how neighborhoods work. They tell you about pride of place, community norms, and the kind of hustle that defines city living.

At Kernahan Group, we love helping buyers and sellers understand the heartbeat of a neighborhood — and that includes knowing why there’s a random chair in the street come February.

Want more local insights like this? Follow Kernahan Group for stories, strategies, and real talk about living in Chicago and the North Shore.

Why Listing Your Home Over the Holidays in Chicago Could Be a Genius Move

Ever wondered if listing during the holiday bustle actually makes sense in the Chicago market?

Short answer: yes. It can work brilliantly when executed with the right strategy.

Fewer Buyers, But Less Noise

Most sellers hit pause during the holidays. They assume no one’s shopping. That means fewer listings and less competition. If your home hits the market now, it can be one of the few fresh options buyers see. That’s how you stand out.

And the buyers who are out there? They’re serious. These are motivated buyers with deadlines, relocations, or big plans for the new year. They’re not just browsing — they’re ready to act.

Competitive Market, Committed Buyers

The Chicago and North Shore markets stay active all year long. From Lakeview to Lake Forest, there’s always a buyer watching and waiting for the right home. Fewer new listings just make yours more noticeable.

If your home is priced correctly and shows well, you don’t need a flood of traffic. You need one ready buyer. And this season tends to attract just that.

A Smoother Closing Timeline

Here’s one of the best perks of listing now: you can time the closing for after the holidays.

Most buyers love the idea of locking in a home before January, but they also appreciate a little breathing room. This gives you time to prepare your move, and gives them a fresh start in the new year. Everyone wins.

How to Make It Work

Here’s how to lean into the season and the market:

1. Stage with warmth, not tinsel overload
   Keep your holiday décor simple and elegant. Think soft lights, seasonal greenery, and cozy textures. Let buyers picture themselves celebrating here.

2. Price to meet the market
   Inventory is lower, but buyers still expect value. A well-priced home can quickly capture attention and spark serious interest.

3. Highlight seasonal charm
   Mention what makes your neighborhood special this time of year. Local shops, winter lights, walkable streets — show off the lifestyle your home offers.

4. Promote flexible timing
   Let buyers know they can secure the home now and move after the holidays. That kind of flexibility is appealing in this season of planning and transitions.

The Bottom Line

Selling your home during the holidays isn’t about taking a chance. It’s about stepping into a less crowded market with focused, motivated buyers. With smart pricing, seasonal presentation, and a clear timeline, you can take advantage of the moment.

If you’re thinking about selling in Chicago or the North Shore, now may be the perfect time.

Reach out today if you want a personalized holiday listing strategy and a custom game plan that fits your timeline and your goals.

Can Buyers Still Find Leverage in Lincoln Park's Real Estate Market?

Is it still possible to find buying power in a market where prices are rising and inventory is shrinking?

If you've been watching the Lincoln Park market lately, you know it looks a little intense out there. Prices are climbing, homes are moving fast, and options feel limited. So where does that leave you if you're hoping to buy?

At The Kernahan Group, consistently ranked among Chicago’s best real estate teams, we're not just watching the market — we're in it every day. And we can tell you this: buying power isn't gone, it's just gone a little stealth. You need sharp timing, solid strategy, and a guide who knows how to navigate the nuance.

Yes, Prices Are Up—But That Doesn't Mean Every Home Is Overpriced

Right now, the median sales price in Lincoln Park is around $655,000 — that’s up 8.3% compared to last year. It's a healthy jump. But we’re also seeing plenty of listings that are sitting too long because they launched too high.

That’s your opportunity.

We help our buyers spot those overpriced listings and negotiate below asking — without getting caught in the hype. The key is knowing which homes have leverage built in, even when the market headlines say otherwise.

Some Homes Sell Fast—But Not All of Them

Sure, the average market time is down to 35 days. But averages can be misleading. Some homes are gone in a weekend. Others? They linger because they’re oddly priced, oddly staged, or oddly timed.

We help our buyers read between the lines. When a home sits for a bit, it doesn’t always mean something’s wrong. Sometimes, it’s just waiting for the right buyer to come along with a smart offer. That could be you.

Inventory Is Tight, So You Have to Think Smart—and Fast

With just 91 homes for sale in October (a 27.8% drop year over year), you can’t wait around. But you also shouldn’t settle. We keep a close eye on pre-market whispers, upcoming price drops, and off-market deals. That way, our buyers are often first in line when the right home shows up.

Over-Ask Offers Still Happen—But You Don’t Always Need One

Right now, homes are closing at about 101.1% of asking price. That tells you competition is still real — but it’s not out of control.

When you work with us, we help you gauge how aggressive to be. Is this a "come in hot" situation or a "wait and watch" moment? Our clients win not by outbidding everyone, but by outsmarting the process.

Thinking About Buying? Here’s How to Get Ahead

If Lincoln Park is on your wishlist, here’s how to stay competitive:

• Get fully pre-approved before you even start looking

• Work with a local team who knows the backstory on every block

• Move quickly, but not reactively

• Ask smart questions and make data-driven decisions

• Leverage quieter months (like now) when fewer buyers are active

Buying in a fast-moving market doesn’t have to feel overwhelming. You just need the right approach — and the right team in your corner.

Final Takeaway

Lincoln Park isn’t the easiest market, but it’s still full of opportunity. With a bit of patience, a clear strategy, and some local intel, you can absolutely find the right home without overpaying or over-stressing.

Reach out today to The Kernahan Group at kernahangroup@atproperties.com and let’s make your next move a smart one.