Eric Rojas, Chicago Real Estate Broker

Promote Your Page Too

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.