Tuesday, October 19, 2010

Sales and Video! Henderson Street in Lake View is no dead end

The 1200-1250 block of West Henderson Street has a unique cul de sac (don't call it a "dead end" street) in the Southport Corridor of Lake View, Chicago. The homes on this half-block generally catch more green than homes on two way or even one way side streets in the area. There are a good number of old frame homes that have been torn down and replaced by large, ornate masonry new construction over the years. The block remains popular for those looking for a city lot to custom build or buy new construction from developers.

Watch the video: Here we take a quick walk on the block before heading into a home showing last week.

There are currently three homes for sale... an extravagant extra wide (79 ft) 2007 new construction home being re-sold at 1213 W Henderson. It has five bedrooms and five and one-half baths for $3,295,000. With great location at the end of the street, this home tops the list.

1218 W Henderson is a five bedrooms, four and one half baths new construction home (never lived-in) listed for $2,299,900 on a standard 25'x125' Chicago lot.

For the average folk, there is a re-sale home at 1241 W Henderson for $1,049,00. At four bedrooms, three and one-half baths it's now priced at the 2005 purchase price. I toured the home and feel the price is good for the area, however, it did not show as well as I'd like for the price and area. It does not look like many updates or refurbishing was done from the 2005 purchase. A buyer can bring it up to speed pretty easily.

There is one closed home in the past 24 months on this half block. 1231 W Henderson closed for $2,513,146 in 2009. The home was under contract near the end of 2007 and closed in 2009. It looks like they did many custom updates during the construction phase. This will also be a case where folks bought pre-construction prior to bank crash and closed just after it.

Click Here to view more Southport Corridor videos and posts!

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