Real estate news & trends
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West Town
Exactly five years ago today we wrote about a six-unit condo development at 2701 W Chicago Ave in West Town. The broker was touting it as “one of the most exciting developments in the area” and was “most excited about Unit 2N, which had access to a large deck off its living room. The 3-bedroom, ...
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Posted by Joe Zekas on May 31, 2013
The 3-bedroom plus den, 2 ½ bath home at 1404 W Ohio St in West Town is LEED Platinum certified. As you’d expect, the LEED certification implies a raft of green features. The 2,039 square foot home is on a 25 x 125 lot and is listed at $735,000. Following our standard practice, we encourage ...
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Posted by Joe Zekas on May 22, 2013
Caisson drilling has begun on the southwest corner of Ashland and Division in East Village. An 11-story tower housing 2 floors of commercial space and 99 apartments is being built on the site, which was formerly home to a Pizza Hut. You can find more details on the site’s history, and the controversy surrounding its ...
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Posted by Joe Zekas on November 9, 2012
Six months ago, several weeks after the ceremonial groundbreaking for a new Pete’s Fresh Market, there was no sign of activity at the site, at the southeastern corner of Madison and Western. According to 2nd Ward Alderman Robert Fioretti’s most recent email newsletter, construction will start next month: Pete’s Fresh Market, has been granted a ...
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Posted by Joe Zekas on August 27, 2012
Two Humboldt Park new listings slid into our email inbox over the weekend, a 2-bedroom, 2-bath condo asking $299,900 and a 4-bedroom 3 ½ bath single-family priced at $359,900. The condo, Unit 504 at 2800 W North Ave, is in a building that we first noted in May of 2009, just before it was branded ...
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Posted by Joe Zekas on July 23, 2012
Nicholas Apostal from the The Apostal Group of Coldwell Banker takes us on a sponsored video tour of a condo alternative with income! This well-maintained brick 3-flat includes a rehabbed 3 bedroom, 2 bath owner’s unit that lives like a single family home. The other 2 units and garage spaces generate approximately $2,000/month in revenue, ...
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Posted by sponsored post on June 25, 2012
Compiling market statistics in Chicago neighborhoods has usually meant looking at a lot of jagged (and mostly downward-pointing) lines over the last few years. But in two cases, the lines have been pretty straight. The neighborhoods of West Town and Lincoln Park have had very stable condominium prices. In Lincoln Park, the quarterly median selling ...
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Posted by Jeff Baird on February 8, 2012
Owners of condominiums and single family homes in one of Chicago’s priciest neighborhoods, Lincoln Park, have not, on average, settled for lower selling prices throughout the recent housing downturn. In contrast to some other neighborhoods that have seen rapid ups and (mostly) downs throughout the last few years, the median selling price of Lincoln Park ...
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Posted by Jeff Baird on November 8, 2011
Condo prices slowly fall as you head further west along Chicago Avenue in Chicago’s West Town community area. By the time you reach the corner of California and Chicago you can command a high-style, 1,500 square foot, 3-bedroom, 2-bath home with all the bells and whistles for $259,900. Less than a mile to the east ...
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Posted by sponsored post on November 7, 2011
One thing you should never do is accept at face value any report from a young journalist that analyzes data. Innumeracy and inapt comparisons seem to be pervasive features of any data-based reporting from a young journalist. Consider, for example, a recent Medill Reports article on the “gentrification” of Chicago’s West Bucktown neighborhood. You can’t ...
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Posted by Joe Zekas on October 12, 2011
We first wrote about the 12-unit development at 755 North Paulina back in December of 2008 and January of 2009, noting that construction was complete but little information was available. A 2-bedroom, 2-bath unit was listed at the time in the $470s. Three units at the project just had $40,000 price reductions. Unit 3E was ...
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Posted by Joe Zekas on July 12, 2011
Kudos to Curbed Chicago for finding this fascinating video of a modular home being assembled in a single day on a West Town site. Modular construction has a number of advantages, not the least of which is cost. The actual construction is typically done in non-union shops in neighboring states and the resulting modules are ...
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Posted by Joe Zekas on May 27, 2011
Today’s deal from Chicago Rentals Direct is a 900 square-foot, two-bedroom / 1.5-bath apartment at 2335 W Lake St on the Near West Side, priced at $1,100 a month. Unit 2R has a granite kitchen with stainless steel appliances, a dishwasher, and a microwave; hardwood floors; central heat and air; in-unit laundry; extra storage; and ...
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Posted by Joseph Askins on May 2, 2011
The median list price for a downtown rental listed on the MLS is holding firm at $2,000. In the past week 38 different properties in downtown’s 14 ZIP codes were listed within $250 of that median price. Here are four examples, representing one-, two-, three-, and four-bedroom options. One bedroom: Unit 3406 at Harbor Point, ...
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Posted by Joseph Askins on April 29, 2011
A few years ago, Mark Boyer started tracking two nearly identical four-story three-flats planned for the 700 block of North Ada Street, just south of Chicago Avenue in West Town. These homes, like the condos at 1919 W Crystal St in Wicker Park, were developed by Bill Williams’ Karma Group, and featured designs by Studio ...
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Posted by Joseph Askins on April 20, 2011
Last Friday Eric Rojas of Prudential Rubloff took me through 1250 N Wolcott Ave #1, a two-bedroom / two-bath duplex-down in Wicker Park that he recently listed for $439,000. The open, light-filled unit, located on the lower two levels of a two-unit building just north of Division Street, features a 19-foot-high ceiling in the main ...
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Posted by sponsored post on March 15, 2011
Buyers now have three more homes to consider when looking at new construction in West Town. Yesterday Samantha Porter of @properties listed the units in Halcyon Development‘s newest three-flat, located at 879 N Marshfield St in East Village, and next Thursday will hold a buyers-and-brokers open for the units at another of the devleoper’s buildings, ...
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Posted by Joseph Askins on January 21, 2011
Back in July 2009, Mark Boyer stumbled upon a 17-unit condo building under construction at 1162 W Hubbard St in West Town. He couldn’t get a lot of info out of the developer at the time, and we never followed up on the building in the following months; I’d honestly forgotten about the place until ...
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Posted by Joseph Askins on January 13, 2011
Remember, “short sale” doesn’t always equal “fire sale.” The single-family home at 2208 W Huron St in West Town (the one on the left in the picture above) came on the market yesterday at $1,299,000, just $1,000 less than for what it sold almost exactly three years earlier. At that price, it’s still above the ...
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Posted by Joseph Askins on December 30, 2010
The fourth matchup in the Curbed Cup quarterfinals is coming down to the wire. As I write this, Logan Square is leading West Town in voting 55% to 45% after 176 votes. The winner of this showdown will move into Curbed’s final four with Uptown, South Loop, and Lincoln Square. This morning I pulled up ...
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Posted by Joseph Askins on December 17, 2010
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