Sunday, March 08, 2009

Buying on Howe and Armitage in Lincoln Park?


Early this week, I met my partner Julie on Howe Street north of Armitage in Lincoln Park. We were evaluating a client's condo in preparation for listing this spring.

The 2000 block of North Howe is a fantastic one way street heading south and is located in the sought after Abraham Lincoln Elementary School district. At the north end of the block is huge Oz Park while Armitage (with its great shops, bars and beautiful people) borders the south end of the block. The street features luxury single family homes selling in the $1,800,000 to $2,600,000 range in the past year on a standard lot (25X125). There is currently a double lot single family home (50X125) for sale for $7,999,000.

Don't be stingy when home shopping on Howe in Lincoln Park... this
double lot newer construction home pictured below is listed at $7,999,000.

A three bedroom, three baths duplex-down condo with garage parking sold at 2004 N Howe in the spring of 2008 for $662,500 (building pictured below). What a terrific single family home alternative located in one of the best school boundaries and a block from Oz Park.

Julie and I were concerned with a two bed, two bath condo with an outdoor parking space. The median price for a two bed, two bath condo with parking east of North Halsted Street and four blocks north and south of Armitage is just over $400,000 according to closed listings in the last 12 months.

You can get that very livable condo in eastern Lincoln Park with much of your needs and wants for about $400,000.

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