Prices take a tumble at Park Boulevard and West Village

Park Boulevard, 17 W 35th St, Chicago

This morning’s perusal of local listings revealed several hefty price cuts on condos and townhomes at two mixed-income developments, Park Boulevard in Bronzeville (above) and West Village in East Garfield Park.

In the past week, Equity Brokerage Services has slashed prices on eight Park Boulevard homes by $57,000 to $186,000, or 15 to 37 percent off their original list prices. The units are a mix of three-bedroom condos with 1,456 to 1,502 square feet, priced from the $190s to $290s, and two- to four-bedroom townhomes with 1,636 to 2,469 square feet, priced from the $310s to $390s. Most of the homes are located on Dearborn and Federal streets, just south of 35th Street.

Eight of New West Realty’s listings at the Heritage Homes of West Village have dropped in price by double-digit percentages, too. Three three-bedroom / two-bath condos in the 700 and 900 blocks of South Kedzie Avenue are now priced in the $160s, down 15 to 25 percent from their last listed prices. Four townhomes on the same stretch of Kedzie and another in the 3100 block of West Lexington Ave were all reduced by 30 to 34 percent, from a range of the $270s to $350s down to a range of the $180s to $240s.

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