Wednesday, November 14, 2018

$3,000,000 construction permit issued for McFetridge ice rink addition


Google maps image in June of the McFetridge parking lot.  The rink addition is being built on the east end of the lot.
A construction permit with work estimated at $3,000,000 was issued for the McFetridge ice rink addition.  The additional ice rink is welcome relief for those participating in the widely popular hockey and skating programs. 

Our family has enjoyed ice skating and tennis programs at McFetridge Sports Center for years.  The surrounding area has a wealth of great parks, sports facilities, schools and family activities along North California Ave stretching from West Addison to West Montrose.

More condo units, density to surround popular Horner Park


2712 West Montrose has been torn down to build a new multi-unit building across from Horner Park in the Irving Park Neighborhood. The 33rd Ward has upped its development game over the past few years. This convenient area is looking to meet demand for new construction units for priced out Lincoln Square and North Center residents. 
2712 West Montrose, formerly the Three R's Cafe/ Grocery small mixed use commercial building, has been torn down. It appears according to public records the property was sold recently for $750,000 (within this year). In 2006 the property sold for $900,000 and was lost in foreclosure a few years later. The new building permit shows a new six dwelling unit building will be built directly across from Horner Park.  

Another typical two story mixed use property bites the dust.  I took this photo about a month ago just after the demolition permit was issued.
About 85 condos have closed in the last 12 months in the Horner Park neighborhood. The median price is about $245,000.  The highest priced closed condo is $433,000 at 4335 N Mozart #4, Chicago IL 60618. That median and highest closed condo will go up as the new construction along North California closes before year's end.
Horner Park is a large, popular public park with extensive running parks, ball fields, a new dog park, gyms, classes, remodeled play ground... something for everyone.   

Large remodeled play lot at Horner Park.

4330 N California is a newly finished nine unit condo building directly across from the Horner Park play-lot.  One three bedroom unit is listed under contract asking $650,000!

The next big Horner Park thing?
More than rumor has it the contiguous properties from about 4350 N California to 4400 N California (at Montrose) are in play for a large residential development. 

For the most comprehensive aggregate of property information subscribe to Chicagocityscape.com. My clients appreciate all the information I quickly provide and analyze from the site! Call or email is us if you'd like to sell or buy property in the Horner Park real estate market.

Thursday, November 08, 2018

Two NEW Lincoln Square / Ravenswood developments steps from the CTA Brown Line at Damen

Demo, including some nice trees, was completed a few weeks ago at 4713 N Damen in Lincoln Square/ Ravenswood.  A six flat building will replace the former frame building and small addition that occupied the property.
Two projects are in development steps from the CTA Brown Line station and a couple blocks from the Lincoln Square restaurant and retail center. 4713 N Damen pictured above was a property long for sale privately, not on MLS (well, privately despite a giant billboard on the property). The land had fallen into foreclosure proceedings in 2013 but did sell this year for just over $1.2 million according to recent public records. The new construction six-flat building will sit between the former "The Rail" bar and grill to the south and the Rambler Lofts to the north.

Ravenswood Station a single story commercial building (formally The Rail Bar and Grill) sits adjacent to the south of the new six flat development.
The construction permit on 4713 N Damen via Chicagocityscape.com is estimated at about $750,000 but there is a roughly $5.2 million mortgage taken out on the property.


4646 N Damen that sat next to the CTA "L" tracks was sold in 2015 (and closed in 2018 for $436,000) along with the adjacent property to the north. 4650 N Damen to the north held on and finally sold for $700K.
Just south and across the street 4646 N Damen- 4650 N Damen (both small frame homes) were sold to make way for a new 24 unit TOD development (transit oriented development explained). It took about three years for the developer to secure the second property at 4650 N Damen for $700K after entering into a contract with  the first at 4646 N Damen for $436,000. More info here.  

The development sits across from the CTA Damen Brown Line station entrance and adjacent to the exit stairs and tracks. Friends joked there should be a pedestrian sky-bridge from the building to the station so you don't have to cross the street with the common folk. 

The improved CTA Brown Line station with exterior and interior bike storage.

The building will sit adjacent to the CTA tracks on the south and a vintage mixed use building to the north.  Friendly Aroy Thai next door and popular long time business Perfect Cup coffee is on the Leland/ Damen corner a few steps away.

Interestingly, these new construction buildings represent the first substantial multi-unit residential construction along North Damen from West Montrose to West Lawrence (four city blocks). This despite the location so close to the CTA station and the very active and successful residential development on Damen north of Lawrence and up and down West Lawrence nearby going on for a good seven years now.

Under contract! 330 West Diversey #2304 - Mies with great lake views!


Watch the video! Our latest Lincoln Park listing at 330 West Diversey Unit 2304 Chicago IL 60657 under contract asking $309,900



330 West Diversey Chicago IL 60657 Unit #2304 listed at a great value price of $309,900
A recent San Francisco transplant told us he fell in love with this unit the moment he walked in! A spacious unit with water views is only a dream back west. The buyer acted quickly and the unit is now under contract. Mies Van Der Rohe's  330 West Diversey  Commonwealth Plaza borders the East Lakeview and Lincoln Park neighborhoods and is a fantastic place to live.  Steps from Diversey Harbor, golf, tennis, lakefront parks, trails and fantastic dining. The building itself has doorman service, dry cleaner, fitness room, pool and convenience store with good food, wine and beer options.


Open, renovated kitchen.
Really large living room and dining space with lake views.
Wake up to bright and spacious bedrooms with lake views.
Master bedroom with lakefront views and walk-in closet.
Master bath.

Second bedroom with large closet.

Second bathroom.
The unit is freshly painted with new modern baseboards for a terrific clean look. Assessment includes water, insurance, cable, Internet, heat and A/C! Parking garage on site with spots around $200 / month.  Building owners may rent out the units.  Storage space included, bike storage available for $75.00 / month.

The kitchen has been opened up to the living space for optimal entertaining.

Open, bright living space.


The large outdoor pool area is beautifully landscaped and looks out over Lincoln Park
Living at 330 West Diversey is all about lifestyle. Enjoy endless leisure and fitness activities steps from the famous Chicago lakefront. It is a really beautiful area filled with parks, restaurants, bars and every day services to make life easy.
330 West Diversey is only steps from Diversey Harbor

Endless opportunities for recreation in the park filled lakefront at your doorsteps!
Exclusively listed by
Eric Rojas, Broker
Kale Realty
2447 N Ashland, Chicago IL 60614
773-510-1597
erojas@kalerealty.com

Thursday, November 01, 2018

New 54 unit building coming to Andersonville's North Clark Street

Each day scan local construction permits sent to me by Chicago Cityscape.  If something looks interesting, is nearby or I have some sort of information to add I'll post about it.  Today I swung by a new Andersonville development site on the way to showings in Lakeview. All gloomy weather photos Eric Rojas, Broker, Kale Realty.
A fairly large residential apartment development is coming to North Clark Street Andersonville.  4906 to 4918 North Clark (view palns here) was issued their main construction permit yesterday at an estimated cost of $5.5M.  The four-story building will feature 54 residential units, ground floor retail and 29 parking spots will take the place of Africa Auto Repair business.  Another auto repair shop sits adjacent to the north. The location further consolidates the popular Andersonville neighborhood business and residential re-development south to West Lawrence.

A Macon Construction crew was already on site making preparations for demolition work. I chatted with a crew chief for a few moments.
The property occupies the northwest corner of West Ainslie Street and Clark Street and stretches a few lots north.
I did not find any sales numbers for the property through public data.  However the property had some utility liens and a lis pending foreclosure recorded in 2017 prior to the property changing hands.  An "Agreement" was recorded in May of this year but no amount given.  

A pair of small vintage multi-unit buildings sit across the street.  4913 North Clark (on the left) sitting on a 37' wide lot sold last in 2013 for $525,000.

More buildings across the street. Popular local hangout SoFo Tap is at the corner.
Over the last twelve months from 4800 North Clark Street to 5200 North Clark Street, 13 attached properties properties (condo, town house) have sold with a median price about $380,000.  This four block stretch is slowly adding residential units and replacing old commercial and vacant lots.  This is a great place to add density.  Most needs and wants are within walking distance and a quick bus ride gets you everything else. Easy to the lakefront too.

Do your yard right at Christy Webber Farm and Garden in West Town

Christy Webber Farm and Garden is located at 2833 West Chicago.  We often refer our West Town and Oak Park clients here for landscaping needs.

 I stopped by Christy Webber Farm and Garden a couple time this year for gift certificates and supplies.  The garden center is located between giant Humboldt Park and the Garfield Park Conservatory.


My planters never look like this 😐
This is a great resource especially if you live on the Near West and West Sides, Ukrainian Village, Bucktown, Wicker Park, Oak Park, and Humboldt Park neighborhoods.  

Monday, October 29, 2018

How scary are Gold Coast home sales this year?


Looks cute then you look up! All photos Eric Rojas, Broker, Kale Realty

This one creeped out the kids!

Some pretty with the scary.
We've spent a lot of time in Gold Coast with clients and family activities over the past month. Gold Coast residents enjoy scaring you around Halloween time.  But are they enjoying real estate sales in the neighborhood?  Let's find out!

Sales numbers from the above above shaded area in the Gold Coast neighborhood. (Excludes Chicago Avenue and La Salle Blvd not considered in the neighborhood boundaries)

Gold Coast Single family home sales (including row homes) January 1st to October 26th, 2018
My kids really liked the animatronic dinosaur!
Fifteen single family homes have sold this year in Gold Coast for a median price of about $2,250,000.  The highest priced sold home is 1440 N Dearborn Parkway, Chicago IL 60610 for $4,625,000. The lowest priced home to sell is 57 West Burton, Chicago IL 60610 for $1,083,000.

In 2017, fourteen single family homes sold with a median price around $2,000,000.  However, the highest home sold for $7,500,000.  Go back five years to 2013 and seventeen homes sold over the same period with a median price right around $2,000,000.  Despite the very unique high-end properties of this neighborhood the median price remained fairly consistent over the last five year real estate run up in Chicago Near North and North Sides.

Snap shot:
2018, fifteen homes sold with a median price of $2,250,000
2017, fourteen homes sold with a median price about $2,000,000
2016, sixteen homes sold with a median price about $2,030,000
2015, eight homes sold with a median price about $2,100,000
2014, nineteen homes sold with a median price about $2,600,000 (most homes sold and highest median in past five years)
2013, seventeen homes sold with a median price about $2,000,000

Gold Coast condo sales this year

"Backyard" view of the Gold Coast from a hallway window at Latin School.

894 condo units have sold so far this year with a median price of $390,000. Wow, seems like a lot of units sold!  It is!  Over 100 units more sold than in the same period 2017.  The highest sold unit so far in 2018 is the eye-popping $12,100,000 at 9 West Walton. Oh, and it is raw unfinished space.  The lowest sold condo is 201 East Delaware Place Unit 908 for $99,995. The hotel condo unit was bought cash.  $99K to $12 million in the same neighborhood this year.

In 2017 over the same period 784 units sold with a median price of $377,900.
2016, 803 units sold for a median price of $420,000.
2015, 777 units sold with a median price about $390,000
I'd give some more years but my Internet is acting up and I need to move on with other work today!

We don't see the wild price run up in Gold Coast from five years ago to the current year.  I think this is consistent with most areas (city or suburb) that feature really high-end, unique properties. 

Beautiful Gold Coast row house.

Friday, October 26, 2018

Need a piano moved? Coffey Bros Movers does that!

The family was excited to see the Coffey Bros moving truck pull up with our piano last month.
Coffey Bros Moving has worked with my family and our clients in the past. They've even become a sponsor on our site. When it came time to buy a piano for our kids we asked Coffey Bros to do the job.


The guys were on time at the pick up destination in Lakeview (second floor apartment) and quickly had the piano loaded and delivered to my house in Lincoln Square. It was wrapped up tight and moved carefully to our den.

No wall damage on the way in!  I expect some gashes with big pieces like this.
The guys took great care in placing the piano where we wanted it.
We always appreciate the good communication and easy booking process with Coffey Bros.  There are several big moving outfits and many "little guys" in Chicago. The #1 complaint I hear from clients and friends is the moving company and movers had awful customer service. Especially on the moving day!  Don't take a chance.  Make sure you work with professionally trained Coffey Bros Movers.

Horner Park single family home median price UP 69% from 2014 (condos up 37% too)

A new condo development across the street from Horner Park nears completion.  
Single family home sales January 1st to October 19th

Full renovations and new construction homes have fueled rising median price.
The Horner Park neighborhood in the Irving Park Community Area (Montrose to Irving, California to Kedzie) has seen a price boom from just four years ago. Price is driven mostly by old frame homes replaced by large new construction and full gut renovation homes. Bateman School district, amenity filled Horner Park, Irving and Montrose businesses, access to highways, various North Side high schools and quiet residential streets have made this an attractive destination for long term buyers.
Horner Park is a large popular park with lots of amenities resting just west of the North Branch of the Chicago River.
Sixteen single family homes have sold in the Horner Park neighborhood from January 1st this year to October 19th.  That is super consistent for this relatively small area over the past four years.  The median price for a Horner Park neighborhood house is about $650,000.  The highest priced sale is 4047 North Albany Avenue, Chicago IL 60618 for $1,035,000.  The new construction home is built on a 37' wide lot.  The lowest home sale price is 4335 North Albany for $245,000.  You know the fate of this original frame house!

In 2016, eighteen homes sold for a median price of $660,000 over the same period.
2014, fifteen single family homes sold with a median price of only $390,000!
Condos across from the park along Montrose Avenue.
Condo sales January 1st to October 19th

Seventy-six attached condo units have sold (including town homes) for a median price of $240,000.  The highest sold condo price is at 4335 North Mozart Unit 4 for $433,000. The three bedrooms, two baths top floor unit was built in 1999 and is listed at 2000 sq/ft.  The lowest priced condo sale is 4345 North Sacramento Unit A-1 for $110,000. The first floor 2006 renovated unit was sold as a short sale.

In 2016, eighty-five condos sold over the same period with a median price of $200,000. 
Back in 2014, only fifty-one condo units sold with a median price of about $175,000.