“The high end real estate market in Lincoln Park is in constant motion,” says Realtor Eric Rojas in a recent blog post about new infill construction in Lincoln Park. This morning I searched for Lincoln Park listings with completion dates in 2010 or later, then narrowed that list down to just single-family homes. The results? Three completed homes, priced from $3.25 to $4.49 million, and five proposed homes that can be built anywhere from $1.5 million to over $4 million.
Built:
- 2662 N Geneva Ter (above): Seven bedrooms, 5.5 baths, $3.25 million.
- 2038 N Mohawk St: Six bedrooms, 5.5 baths, 6,700 square feet, $4.25 million.
- 2015 N Dayton St: Six bedrooms, seven baths, 7,000 square feet, $4.49 million.
- 2738 N Greenview Ave (at right): Five bedrooms, 4.5 baths, 5,000 square feet, $1.5 million.
- 2342 N Wayne Ave: Five bedrooms, four baths, 3,500 square feet, $2.1 million.
- 1907 N Lincoln Park West: Six bedrooms, 5.5 baths, $2.75 million.
- 2040 N Kenmore Ave: Six bedrooms, 5.5 baths, 5,200 square feet, $2.99 million.
- 2237 N Dayton Ave: Seven bedrooms, 7.5 baths, 7,000 square feet, $4.2 million.
Joe, thanks for the mention and this round up of new construction homes. One of the Dayton homes I took a photo of is the 2015 N Dayton house. The other photo is a new construction house across the street that may not be listed on MLS.
I will post your findings on my site and take a look to see if there is anything I can add.
Let us know what you find, Eric.
I did a similar search just now, but instead of limiting it “year built” dates of 2010 or later, I just checked Redfin’s “new construction” box. That brought up an additional two homes that were built in ’09 but that haven’t sold, and one home that lacks a date. As always, the list is only as good as the listing data upon which it’s based.
Eric, Joe,
Unless the situation has changed recently, agents do a horrible job of categorizing new construction in a way that makes it searchable. And, of course, many new construction listings are not in the MLS at all.
It’s been a while since I’ve done a search, but I always found the most reliable indicator was “New” in the real estate tax field. I’d be interested in Eric’s experience in this regard.
Joe, I agree the “new” construction listings are not entirely accurate in the MLS and many private custom and developer speculation homes are not listed. That’s why I mentioned the other North Dayton home across the street from 2015 N Dayton not included in Joe’s list.
I guess my general point from the photos and post that it becomes evident just by walking the blocks that luxury homes are getting built and there is tear down opportunities for custom builds. There is also land under contract. Lincoln Park buyers continue to invest in really high end product. This area continues to distinguish itself as very desirable place for exceptional investment by high net worth home owners. The thrill, as it were, is not gone.
Here’s a link to 5 new construction homes under contract. The lowest priced two homes need anywhere from $100,000 to $300,000 to finish out in my estimate.
http://www.box.net/shared/imtritn1v8
Correction, one of the homes I took a photo of was 1940 N Dayton (not 2015 N Dayton listed above). and is under contrcat for $2,200,000 pre-completion, so that price can go up or down by closing. There is another new build across the street that is not coming up under contract or listed.