Real estate news & trends
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Englewood
The City’s Department of Housing and Economic Development has put the John Raber House, a Chicago landmark, up for bid. The home, at 5760 S Lafayette in the Washington Park neighborhood, is on a 75 x 100 foot lot, all that remains of its original six-acre plot. The Italianate home pre-dates the great Chicago fire ...
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Posted by Joe Zekas on April 16, 2013
Chicago’s blighted Englewood neighborhood has seen few positive developments in the past several decades. The new campus of Kennedy – King College at 63rd and Halsted, built at a cost of over $200 million, was expected to spur development in the immediate area, but there’s currently little evidence of it. One goal of the new ...
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Posted by Joe Zekas on March 27, 2013
According to Redfin statistics, the median list price for a home in Englewoodin January was $23,000 and the median price of the 8 Englewood homes sold in January was $12,000. In West Englewood the median list and sold prices in January were $29,000 and $15,000, respectively. Chicago Magazine has a Zillow chart showing Englewood list ...
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Posted by Joe Zekas on February 25, 2013
Five years ago we spotlighted a 3-bedroom, 2-bath condo for sale for $176,000 at 501 W 60Th Pl in Englewood as our deal-of-the-day. Unit 2E in the building, also a 3-bedroom, 2-bath, sold for $164,500 with 100% financing in November of 2004. It resold last September for $27,500 – 85% below our deal-of-the-day price. The ...
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Posted by Joe Zekas on May 16, 2012
Englewood has residents who are making an effort to bring positive change to the troubled community, and you’ll meet some of them and hear their hopes for Englewood in this video from Kate Oelrich. One of the residents featured in the video is Jean Carter-Hill, the founder of Imagine Englewood If. You can see more ...
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Posted by Joe Zekas on April 13, 2012
In a surprise move, Fannie Mae and the Federal Housing Administration, the largest sources of mortgage liquidity in the US housing market, announced Friday that they will no longer purchase or insure mortgage loans originated in Chicago’s Englewood and West Englewood neighborhoods. “Part of our core mission is to help struggling families and stabilize neighborhoods ...
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Posted by Joe Zekas on April 1, 2012
A local community development agency tells you that “Englewood, located seven miles south of Chicago’s Loop, is a community rich in history, strong in character and rising again.” That’s hard to believe. The Englewood / West Englewood neighborhood has few community assets and few locational advantages other than good public transit access. The more than ...
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Posted by Joe Zekas on January 13, 2012
The 2-flat at 6219 S Marshfield Ave in Chicago’s radically depressed West Englewood neighborhood sold just a few months ago for $17,500 after a foreclosure. It’s been “completely rehabbed” according to the listing and is on the market for $249,900. The rehab work described in the listing included a number of items that would have ...
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Posted by Joe Zekas on January 12, 2012
Back in early August the Feds announced (PDF) the indictment of fourteen individuals charged with engaging in mortgage fraud in the Englewood neighborhood. The charges were part of Operation Madhouse, an undercover investigation conducted by the FBI, Housing and Urban Development’s Office of Inspector General and the IRS Criminal Investigation Division. If you look at ...
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Posted by Joe Zekas on October 10, 2011
According to the latest Census figures reported by the Chicago Tribune, the population of Englewood declined by nearly 25% since 2000, to 30,587. In 1960, Englewood had 97,575 residents, more than three times its current population. According to Census and Postal Service data made available by Chicago Muckrakers, the residential vacancy rate exceeds 30% in ...
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Posted by Joe Zekas on February 19, 2011
Ten years ago, more than 43 percent of Englewood’s residents were living below the poverty level, according to the new quality-of-life tracking tools at MetroPulseChicago.org. We’ll have a better sense of where the neighborhood stands now once MetroPulse, MCIC, and other organizations get their hands on the latest census data, but you can get one ...
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Posted by Joseph Askins on November 17, 2010
Many of Chicago’s new construction single-family homes are found in neighborhoods on the South Side. Fifteen single-families are available in Englewood at the Englewood Crossing development, part of the New Homes for Chicago program. A couple years back, the managing broker of AMS Realty, which is marketing the project, said the single-family homes would be ...
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Posted by erik stonikas on September 22, 2009
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