When city planners laid out the Jackson Park Highlands District in 1905, they included some rare features for the time period, like large front yards and 50-foot-wide lots, according to the city’s landmarks Web site.
Some grand houses fill up those lots – “mini-mansions” mostly in the Cape Cod and Tudor styles, according to Joann Reed, an agent with Keller Williams Realty. Condos are scarce in the neighborhood, she adds.
Reed says Jackson Park Highlands is a “stable” area where homes aren’t on the market too often. “For one thing, people don’t move that often…they might pass [their homes] on to their heirs,” she says.
Last year, the most expensive home on the market —a six-bedroom house with three full baths, two half baths and a coach house – sold for $675,000 and stayed on the market for 40 days, according to Multiple Listing Service stats compiled by Reed.
She estimated that the median price of homes in the area over the past year was $350,000.