Tuesday, January 04, 2011

East vs West: Lincoln Park townhouse sales

"I only want east of Halsted." Well, how about this beauty on North Mohawk?!

The market in Chicago can vary greatly block by block. Our clients can be very particular about where they want to live; even when it comes to just east or west of the active mixed use North Halsted Street in Lincoln Park. Let's see how the prices broke down for townhouses on either side of the DMZ in 2010:

We posted yesterday the 2010 median price of a Lincoln Park community area townhouse was about $540,000.

*Median price of a townhouse east of North Halsted was slightly higher at $545,000 for about 75 townhouses closed. There were seven homes closed above $900,000 and three that closed well above $1,000,000.

*Median price west of North Halsted Street was right at $540,000 out of about 94 closed townhouses. The more striking difference was at the higher end: there were no townhouse closings over $900,000 west of Halsted Street in Lincoln Park. There were four closings over $800,000.

East of Halsted is often considered more desirable as it's closer to the lake and resides in a top ranked public school district (Abraham Lincoln Elementary). It may also appeal to those looking for more historic architecture with some large sections of city blocks boasting preserved turn of the century buildings. However, the numbers show it is more affordable for buyers to get East Lincoln Park and in a top school district than most might think.

View a video tour below of a more affordable East Lincoln Park townhouse in the Abraham Lincoln Elementary school boundaries. These homes vary in level of finish and pricing, so call us to find one for you.

For more on Lincoln Park, Chicago click here!

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