Sunday, November 09, 2008

The Border of Lakeview and Northcenter

Here I am driving south on North Ravesnwood in the West Lakeview/Northcenter neighborhood of Chicago. The area of my concern earlier today is bounded by West Addison to West Irving Park Road north to south and North Ashland to North Damen from east to west. This is a quiet four block radius surrounded by plenty of restaurants, transportation options, grocery shopping and retail.

Trader Joe's and CB2 are centrally located.

In the past year, a little research on our MLS reveals 28 single family homes that have closed. 12 of those homes have closed for over $1,000,000. The remaining sales of single family homes under $1,000,000 have averaged about $720,000. The higher priced homes fall in the Blaine Elementary School district… a plus for parents in the area.

There is an eclectic mix of homes and buildings in the area due to the Ravenswood industrial corridor. Many of the industrial buildings have been converted to single family homes and condos. Above is a working firehouse in a classic Chicago style residential setting. The homes are an even mix of original brick or frame houses that have been renovated while monster new construction dots the landscape. Six new construction homes are currently listed from $1,200,000 to $1,999,900.

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