Real estate news & trends
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East Garfield Park
Four years ago Yo was being told that sales had been “incredible” and prices were “fantastic” at Heritage Homes of West Village on the “new revitalized West Side.” New West Realty, auteur of the washout on Wabash and other failed developments, was acquiring additional land in anticipation of continued demand. We were hearing similar tales ...
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Posted by Joe Zekas on March 27, 2012
According to the sign in the 3100 block of West Lexington, the quoted price, $250,000,000, is sincere and non-negotiable, and only capable buyers should apply. Before rushing out to your mortgage lender for a pre-qualification letter, you might want to consider the seller’s disclosure statements, which follow. I recommend clicking on the images and reading ...
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Posted by Joe Zekas on March 26, 2012
Chicagoans love their two- to four-unit buildings, with the three-flat being one of the more popular configurations. According to the US Census Bureau’s American Housing Survey, nearly half a million metro Chicago housing units are in two- to four-unit properties, and one in five of those units is owner-occupied. The flexibility of 3-flats is a ...
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Posted by Joe Zekas on January 26, 2012
The Near West Side and East Garfield Park will move one step closer toward getting a much-needed grocery store next month, when Pete’s Fresh Market is expected to close on the vacant lot at the southeast corner of Madison Street and Western Avenue and file for building permits, says 2nd Ward Ald. Robert Fioretti. In ...
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Posted by Joseph Askins on February 21, 2011
“The building, which was built in 1926, is located directly in the path of progress,” says the website for Bold L&H Lofts. In the path? No wonder East Garfield Park is suffering! Get out of the way, and let that progress through! I kid. Sometime in the past couple of years, LK Growth and Bold ...
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Posted by Joseph Askins on December 9, 2010
…and the West Side might not, either. This week, the city’s longest-serving black alderman submitted his resignation, effective at the end of November. In February 2007, Smith told YoChicago’s Barry Pearce that the 28th Ward, which covers much of East Garfield Park, was “coming back,” and discussed his efforts to bring more banks, grocery stores, ...
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Posted by Joseph Askins on November 18, 2010
Last week Frank Lloyd Wright’s old studio at 25 E Cedar St in the Gold Coast went on the market for $1.7 million. Wright didn’t design the 6,000 square-foot single-family home, but he did live there following a deadly fire at Taliesin. As Blair Kamin reported last month, the home allegedly suffered some structural damage ...
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Posted by Joseph Askins on August 25, 2010
What our staff said about East Garfield Park in 2007: The streets are still tough here, but the tide has started to turn in recent years, with residential development pushing west from the West Loop along Madison Street. Small developments, such as the six-unit Flats on Fulton and a 10-unit conversion at 2809 W Washington ...
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Posted by Joseph Askins on July 20, 2010
The Sun-Times reports that renowned west side restaurateur Edna Stewart died shortly after celebrating her 72nd birthday. I was last at Edna’s several years ago to hear about plans for the revitalization of Madison Street in East Garfield Park. Ernestine King gave me an overview of Edna’s, and I shot video as I walked around.
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Posted by Joe Zekas on June 12, 2010
One of the many new construction developments in Fresh Horizon Realty‘s portfolio of new and newly rehabbed condos and single-families is the 12-unit building at 22 S Western Ave on the Near West Side. This morning, Fresh Horizon held a broker open house at 22 South Western to show off the eight 1,250 square-foot two-bedrooms ...
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Posted by sponsored post on April 22, 2010
Back in February of 2007 I characterized East Garfield Park as “flat on its back and barely twitching.” A month later Business Week singled out East Garfield Park as one of America’s hottest neighborhoods. Business Week’s take apparently prevailed: a newly-built 3 bedroom, 2-bath condo at 3522 W. Lexington St sold for $335,000 in October ...
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Posted by Joe Zekas on December 23, 2009
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