Thursday, September 22, 2011

Gut renovation in Hamlin Park area of Northcenter, Roscoe Village

Like many micro-neighborhoods this year, gut rehabs are a common site around the "Hamlin Park" neighborhood of Northcenter.  I spotted renovation work on this home along the 2200 block of West Barry.

It appears the current owner is "gut" renovating to a single family home, possibly for retail sale. At first glance, I have not located a sale on the building in the last several years. It's possible it was recently bought to renovate, or, it's a long time owner taking advantage of demand for affordable newly renovated homes.

I also spotted another gut rehab home that came on the market in August at 2907 N Hoyne, now listed for $509,000.  The home was purchased in the beginning of the year for $289,000.

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