Tuesday, May 04, 2010

East Lakeview single family home sales rare

This gorgeous corner lot single family home sits at West Wellington and North Pine Grove adjacent to eclectic row houses. But you can't have it.

The Lakeview East neighborhood in Chicago (or possibly better known as East Lakeview)
is "bordered roughly by Diversey Avenue on the south to Grace Street on the north, Halsted Street on the west to Lake Michigan to the east" according to the Lakeview East Chamber of Commerce. "Lakeview East is a culturally diverse Chicago neighborhood with a great many treasures to explore." Indeed. It is also high density and high energy... but somehow squeezes pretty and peaceful tree-lined streets full of strolling residents between the lake and it's commercial corridors.

Single family homes in this neighborhood are also a treasure to hunt themselves. The single family homes (including row houses) are mostly 19th and early 20th century creations with little new construction houses to be found. Neighborhoods just west Halsted are more than "dotted" by tear down new construction over the past 15 years. It's another reason this East Lakeview neighborhood remains so unique.
Single family home sales and purchasing opportunities are fairly rare in East Lakeview.

Only five single family homes have closed in the past 12 months. The lowest priced was 624 W Briar Place for $835,000 and the highest priced was 638 W Oakdale at $1,275,000. There are only two homes under contract at 461 West Melrose asking $1,500,000 and 519 W Wellington asking $1,400,000 respectively.

Only five single family homes are currently listed for sale on our MREDLLC (our member MLS). The highest being a custom build opportunity at 543 W Cornelia asking $4,500,000 base. The least expensive is 735 W Brompton at $,199,000. Out of the 12 homes active closed or under contract, four are new construction houses from the ground up. The rest are original structures maintaining much of their classic exterior and interior features. None of the homes would be considered "modern" architecture (to my dismay).

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