ChicagoSouth Side

New construction in McKinley Park for $439K

by Joe Zekas on 1/31/14

Yesterday’s new listings alert included a 3-bedroom, 3 ½ bath home, one of several new homes on a bleak stretch of 32nd St in McKinley Park.

The home was listed for sale at $439,000 and listed as under contract within a day.

I don’t have any specific information about this property, but I have seen quite a few new homes in the area resell at prices far below their original purchase price in recent years. I’ve seen other deals in the area where the buyers were of the straw variety.

There’s been some buzz about McKinley Park and Brighton Park on some of the local websites recently. I’d suggest extreme caution before paying $400K or more for a home in these neighborhoods.

Join me in the above video for what I referred to at the time as a “marginal misery tour” of Brighton Park condos.

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Related posts:

  1. From $370K to $54K to $115K in Brighton Park
  2. Phase I of Cornelia on the Park sells pre-construction

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