Saturday, July 25, 2015

Lincoln Park two bedroom condo units sales up 13% first half 2015 (non high-rise), prices inch up

Taste of Lincoln Avenue today before opening.  Many condos line Lincoln Avenue in Lincoln Park.

We'll be listing another two bedroom condo near North Halsted Street and West Diversey Parkway in August.  This Lincoln Park intersection offers dozens of restaurants and bars near the lake.  The CTA Brown Line at Diversey is a couple blocks walk.  Let's take a look at over-all Lincoln Park two bedroom condo sales (no high-rise, under 50 units).

Lincoln Park two bedroom condo sales (no high-rise, under 50 units) January 1st-June 30th, 2015

212 two bedroom condo units closed on the MLS from Jan 1st to June 30th in Lincoln Park. Unit sales are up thirteen percent (13%) over the same period in 2014. The median price of a two bedroom condo (under 50 units total) is about $415,000.  186 units were sold over the same period last year with a median price of $409,500.

In 2013, 173 two bedroom condo units sold in the first half with a median price of $400,000. 

Vintage two bedroom condos on Clark Street.

Friday, July 24, 2015

Need a proper pub? Red Lion Lincoln Square

The best English pub experience on the North Side is arguably The Red Lion in Lincoln Square.

A few of us Alumni always stop by after meetings at Northeastern Illinois University.

Dark oak, leather chairs and perfect seating arrangements for conversations. And lest we forget the red telephone booth and movies on the tele.

posted from Bloggeroid

Thursday, July 23, 2015

Wednesday, July 22, 2015

Lawrence Avenue "Global Garden" an oasis in Albany Park, Ravenswood Manor

GLOBAL GARDEN (from Peterson Garden Project)
Lawrence/Sacramento Location
Albany Park – 33rd Ward
North River Commission, Global Gardens Urban Refugee Training Farm, Slow Food Chicago, Seed Savers Exchange
Produce will be given to Lincoln Square Friendship Center and First Slice
The Global Garden at West Lawrence Avenue and North Sacramento in Albany Park has been up and running for a few years now.  The site cleaned up the "blight" that was a busted condo development adjacent to Ronan Park and the river.  As the saying goes things happen for a reason and this garden trumps a condo development at this particular location for sure. Read about the development of this site at this everyblock thread. 
I stopped by the Global Garden at 2900 W Lawrence, Chicago IL 60625 in the Albany Park / Ravenswood Manor neighborhood earlier this month. Developed by the Peterson Garden Project the large urban garden offers a striking contrast to the Lawrence commercial corridor that's a jumble of independent business success and failure.  However, this strip of Lawrence from North Western Avenue to North Kedzie Avenue is becoming more lively. The garden, to me, acts as an organic anchor promoting the vibrancy of the surrounding community.

The garden was buzzing with activity this late morning in July. The site operates as a food and training resource for refugee families and offers garden plots to neighbors for a $65.00 (or so) fee.

Global Garden community plots. Several neighbors from the green minded Ravenswood Manor community to the south walk over to tend to their little farms. All photos Eric Rojas, Broker, Kale Realty
Living near the garden
Condos with West Lawrence Avenue addresses near the garden site vary form vintage condo conversions around $200K to newer construction condo units over $400,000.  Town houses sit adjacent to the west and look unobstructed over the garden.

Single family homes within a couple blocks of the Global Garden have sold prices ranging from $230,000 for a small foreclosure house at 4836 N Albany, Chicago IL 60625 to $899,000 for 4905 N California; an expanded luxury gut renovation east of the garden.

Birdhouse apartments at Montrose Beach

Even the birds know good real estate.  Montrose Beach harbor at dusk 4400 N Lake Shore Drive, Chicago, 60640 (photo Eric Rojas, Broker, Kale Realty).

Tuesday, July 21, 2015

Lincoln Square's very own premiers the film "Unexpected" this Friday!

One of Lincoln Square's very own (and my neighbor) hosts the theater debut of her latest film "Unexpected" this week at the Music Box Theater, 3733 N Southport Ave in Lakeview.  Kris Swanberg's Sundance festival acclaimed film will be shown this Friday July 24th, 2015 at 7:00PM.  VIP reception at 6:00pm and Q&A with directer Kris Swanberg after the film!

Great reviews and great buzz surrounding the film. Check out the interview on WGN!

Wowie wow wow! 10 terrific Lincoln Park homes near completion on West Deming Place

10 new single family homes complete the street-scape on the 400 block of West Deming in Lincoln Park.  The high end Lincoln Park 2550 development looms in the background.  The lots on West Deming Place and West St. James (part of the original Lincoln Park 2520 development meant for town homes) were sold off to home builders.
No MLS listings are posted. At least 3 have been sold already to my knowledge (2 completed and one being built). I'm sure others are spoken for as well. Two lucky winners have closed homes and moved in among the 8 still under construction.  The contemporary (to the right, complete with giant Apple monitor in the window) and a traditional brick and limestone rub shoulders.

More traditional stately architecture of surrounding east Lincoln Park
It's an amazing transformation in a very desirable Chicago location. It's so pleasing to see residential homes so close to the lake and parks rather than the hospital parking lot previously built on the block.  But I'll let Christopher Walken describe it.

For perspective on home prices for the block a gut renovated home with vintage facade across the street at 458 West Deming Place, Chicago IL 60614 is under contract with an asking price of $3,350,000.  The home sits on a 26'x151' lot...over-sized for the area.

Friday, July 17, 2015

Bob would never let this happen!

I took our buyer and his parents (in town) for a contractor visit this morning to his pending new home under contract. Everything was scheduled by my partner Bob. He runs all our transactions. And if you have met him, you know he means business.

Despite an email confirmation in bold writing from the listing agent the current tenants were not told about our visit. Confusion (on their part) ensued.

Then later today, our seller client's attorney confirmed the wrong closing title company downtown for our sale. The seller attorney chooses the closing location! Everyone showed up to the wrong place, buyers, sellers, attorneys and Bob.

When working with all our associate team members Bob would never let this happen!

posted from Bloggeroid

West Loop one bedroom condo sales (parking included) up 86%, median price up 28% in first half since 2011

One bedroom condos in West Loop are a popular way to enjoy city life and live near your downtown job (or West Loop job for that matter). First half unit sales of West Loop one bedroom condos in 2015 (with parking included) are up 86% since 2011. Let's take a look at first half sales in 2015.

Views down West Jackson in West Loop.  Photo Eric Rojas, Broker, Kale Realty.
West Loop one bedroom condo sales (including parking) January 1st to June 30th, 2015
157 one bedroom condo units listed with parking sold from January 1st to June 30th, 2015. Ten more units changed hands than in 2014.  The least expensive condo to sell is 2322 W Roosevelt Road #3N, Chicago IL 60608 for $65,000 cash.  The small unit was a foreclosure needed some renovation.

The highest sale for a one bedroom with parking is 333 N Canal Street #2905, Chicago IL 60606 for $445,000.  The luxury top floor unit at River Bend includes amenities like fitness room and 24hr doorman.  Heat and AC included in the $717 assessment for this unit.

Median price of a West Loop one bedroom condo unit with parking included is about $270,000. That's up 28% over the first half of 2011.
Just another day in West Loop (Photo Eric Rojas, Broker, Kale Realty)
Past first half one bedroom condo sales
In 2014, 147 one bedroom condo units with parking sold with a median price $256,000
2013, 155 units sold at median of $242,000
2012, 113 units sold at median of $200,000
2011, 84 units sold at median $210,000

All stats gathered and interpreted from

Thursday, July 16, 2015

I just signed up for the Chuck Kane Memorial Golf Outing supporting Northeastern Illinois University

For several years I've sponsored a foursome at the NEIU Chuck Kane Memorial Golf Outing.  There is still time to sign up for a great day of golf on Monday August 17th at Chevy Chase Golf Club in Wheeling.  This year's dinner speaker is Northeastern Illinois University Alum Tom Corfman of Crain's Chicago Business.  I'm excited to hear him talk especially in these times of school budget cuts.