Sales update: New marketing team but same old prices at Bucktown Station

Bucktown Station, 1850 N Winebago Ave, Chicago

During my walk home from the Western Blue Line station last Thursday, I noticed a new @properties sign inside one of the retail-level windows at Bucktown Station, 1870 N Winnebago Ave, advertising several three-bedroom homes for sale. This caught my eye for two reasons: One, Coldwell Banker had been the property’s exclusive brokerage the last I checked, and two, the property was barely being marketed anymore as most of the homes were rented out and occupied.

Lately, a shift in sales teams means a shift in pricing, but that’s not the case here. The nine three-bedrooms currently for sale have 2.5 or three bathrooms and 1,660 to 2,330 square feet, and are priced from the $550s to $590s, which is pretty much what we’ve reported in ’08 and ’09. Judging from other listings in the area, those prices are about $100,000 higher (or roughly $40 more per square foot) than the average for a three-bedroom condo in Bucktown.

@properties’ Jim Gramata has listed one home in the building, #4D, which he describes as having hardwood floors, espresso cabinets, in-unit laundry, and a 36-foot deck. Parking at one point had been offered at no additional charge but is now $20,000 per space, which fits in more with Paramount Homes‘ focus on “transit-oriented” development. (Bucktown Station is located just a few yards south of the Western Blue Line stop and features both a Zipcar depot and infrastructure necessary to charge electric cars.)

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