I have recently been shopping homes with a client along the Blue Line stops from Belmont to Montrose. This is a great area for those who can't bear "moving up" to another condo, but can't afford Lakeview, Lincoln Square and Bucktown/Wicker Park prices.
Need to commute downtown and can spend $400K-$500K? Want a yard, 2 car garage, three floors of living?
There is a hefty stock of homes hitting the market along the train line. Several Avondale blocks near the Belmont Blue Line have really caught our attention for their tree lined streets, family atmosphere and easy access to highways, trains, and Belmont Avenue entertainment districts. Abbey Pub and Small Bar are nearby for local hangouts.
Mayfair and Old Irving will definately be a terrific investment. There is a small window of time left before this area is no longer a bargain. There is a ton of new home developments that have settled in comfortably with the 75 to 100 year old American Four Squares that dominate the area.
A little know area is just west of Kedzie and just north of Addison. Quiet blocks, big homes for $400K and under... they even have called this area "West Addison Mall".
The competition is hot in this market and the timing is right to buy a single family vs a condo.