Real estate news & trends
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Townhomes
Townhome developments are a major presence in Lincoln Park, more so than in any other Chicago neighborhood. The popularity of the neighborhood, together with its relatively low-density zoning, spurred strong demand for more alternatives to pricey single-family homes. The townhome boom that began in the 60s came to a virtual halt in the mid-90s as ...
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Posted by sponsored post on May 14, 2013
I recently shot video with Nicholas Apostal of Coldwell Banker’s Apostal Group at two Lincoln Park townhomes, both of which held open houses this past Sunday. Both of the homes are within the Lincoln Elementary School attendance boundaries. More than 60 buyers turned out to tour a completely updated 3-4 bedroom, 3-bath townhome at 1623 ...
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Posted by Joe Zekas on May 7, 2013
Jeff Herbert of Urban Living has just published a report on Lincoln Park sales during the first quarter of 2013. The highlights: Condominium and townhome sales increased by 33% in Q1 2013 to $83 million compared to $63 million in Q1 2012. Average sales price increased 4.7% in Q1 2013 to $462,328 compared to $441,764 ...
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Posted by Joe Zekas on April 29, 2013
Last August we looked in on a 44-foot wide lot at 1859 N Orchard, pictured above, where a developer had paid $2,550,000 to acquire four condominium townhomes and proposed to build a home on the site for $6,950,000. The to-be-built home is still listed at that price. Earlier this year the property was also listed ...
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Posted by Joe Zekas on April 23, 2013
Chase Park is one of Chicago’s great neighborhood parks. It has a full complement of physical facilities — an outdoor pool, running track, tennis courts, playground, ball fields and a field house with fitness center and theater. The park is typically flooded with people participating in a wide variety of activities, programs and special events. ...
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Posted by sponsored post on April 1, 2013
The Andersonville neighborhood will see its first major new construction condos since 2008 in the form of townhouses at 4832 N Clark. The attached townhouse development is an exciting addition and expansion of housing units in this popular North Side area. Let’s take a look at how Andersonville area condo sales are doing (attached homes ...
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Posted by Eric Rojas on March 19, 2013
We last wrote about Eastgate Village, a troubled townhome / condo development on the Near South Side, back in October of 2011. At the time, 26 units were slated for auction. Those units had previously been the subject of a bulk purchase at a third of their original prices. A 3-bedroom, 3-bath, 4-level townhome in ...
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Posted by Joe Zekas on March 6, 2013
Far North
The past half-dozen years have seen almost no new construction of rowhomes in the Andersonville area, despite the neighborhood’s increasing popularity. CMK Realty has just begun marketing 23 new rowhomes, priced from the $420s, on the large stretch of vacant land just west of 4846 N Clark St. The homes will have two-car attached garages ...
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Posted by sponsored post on February 14, 2013
Belgravia Realty Group has just begun marketing Cornelia on the Park, the first phase of a new luxury townhome development surrounding a private, landscaped park. Phase I homes are at 3020-24 W Newport Ave and 3441-45 N Whipple St in Avondale. The approximately 2,400 square foot homes feature 3 bedrooms, a family room, 3 full ...
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Posted by Joe Zekas on February 5, 2013
The mixed-income Park Boulevard development in Bronzeville, on the former site of Stateway Gardens, is part of the CHA’s ambitious and largely-stalled Plan for Transformation. A 3-bedroom, 2 ½ bath Park Boulevard townhome at 3558 S Federal St just came on the market, priced at $279,900. You can see a similar townhome in the above ...
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Posted by Joe Zekas on February 4, 2013
Forty years ago Lincoln Park was home to five hospitals, all of which are now shuttered. You can see all five sites in the above view, shot from the roof of Eugenie Terrace. Roosevelt Hospital, at the corner of Sedgwick and Wisconsin, gave way to the 30 townhomes of Belgravia Terrace in the early 80s. ...
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Posted by Joe Zekas on January 28, 2013
Nicholas Apostal, Edie Apostal and The Apostal Group have sold and resold more than half of the 150 homes at The Pointe in Lincoln Park and know the strengths of the various floor plans in the development. The Pointe complex is easy walking distance of public transportation, the Lincoln Park Zoo, North Avenue Beach, Lincoln ...
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Posted by sponsored post on November 30, 2012
In the mid-1980s MCL Companies’ Dan McLean began the transformation of Lincoln Park‘s West DePaul neighborhood with the Lakewood Commons townhomes in the 2300 blocks of Lakewood and Wayne. Prices at the time ranged from the $140s to the $160s – roughly a third to a quarter of what they currently fetch. Lakewood Commons was ...
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Posted by Joe Zekas on November 27, 2012
You know a developer is doing something right when 5 of the 8 homes in a project are sold before completion in a challenging market. That’s the status of Flex House, new 3-bedroom, 2-bath rowhomes in Logan Square, priced in the low $400s. The homes, in the 2800 block of W Shakespeare, offer an unusually ...
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Posted by Joe Zekas on November 13, 2012
Early last year we posted on the shocking decline in the value of townhomes at The Residences at The Grove in Forest Park. The Focus Development is, as you can see in the above aerial overview, steps from the CTA Blue Line in Forest Park. Prices at The Grove haven’t recovered. A one-bedroom condo, for ...
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Posted by Joe Zekas on November 8, 2012
Crain’s Chicago Real Estate Daily reported late last week on late-September federal court judgments against developer David Dubin. Dubin has been ordered to pay more than $15 million to PNC Bank in connection with failed developments in Bridgeport and Brighton Park. We’ve reported on the Lofts at Bridgeport Place (pictured above) for more than six ...
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Posted by Joe Zekas on October 29, 2012
LincolnParkCondos.com, the sponsor of our Lincoln Park High-rise Guide, has just published its Q3 Real Estate Market Update for Lincoln Park. Some of the highlights: Condominium and townhome sales increased by 68% in Q3 2012 compared to Q3 2011. The average sales price increased 20% in Q3 2012 compared to Q3 2011. Some of the ...
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Posted by Joe Zekas on October 11, 2012
In the days when stocks were used to subject offenders to public humiliation and mockery, “passers-by were encouraged to throw mud, rotten eggs, moldy fruit and vegetables, smelly fish, offal, and excrement (both animal and human) at those being punished.” There are some among you, I have no doubt, who believe that anyone who bought ...
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Posted by Joe Zekas on October 10, 2012
The Glen in Glenview has been one of the most successful mixed-use master-planned communities in the nation. It has been developed over more than a decade on the 1,100-acre site of the former Naval Air Station, which closed in 1995. The Glen includes a wide variety of housing types and styles, including loft apartments, condos, ...
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Posted by Joe Zekas on October 3, 2012
The 34 rowhomes in the Via Como Due development occupy part of the site of the Como Inn, a quirky, rambling Chicago icon for more than 70 years until it closed in 2001. Via Como Due was completed in 2002 and units sold fairly rapidly at the time, with most of the sales in the ...
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Posted by Joe Zekas on August 22, 2012
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