Eric Rojas, Chicago Real Estate Broker

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Thursday, May 30, 2013

Big new house in Southport Corridor


New construction on the 3542 North Greenview... directly behind our latest listing at 3543 N Bosworth Unit C.  The original property here was sold in 2011 for $775,000. Size matters!

New construction houses are in high demand in popular neighborhoods like Lakeview's Southport Corridor.  If an existing property is torn down then almost exclusively a large, luxury house will be built.  It's fascinating that we never see a smaller home built keeping more of the lot for a yard.  Economically, the numbers would not work for a builder/ developer as demand is for more square footage.

Gut rehabs and renovations remain the option for keeping more modest houses around.