Monday, October 28, 2013

Edgewater multi-unit sales up 35%

I've been looking at two and three flats for a couple of clients in the Edgewater Community Area.   Let's take a look at the multi-unit sales numbers (two to four flats) this year and in years past.

Photo Eric Rojas, Real Estate Broker

Edgewater Multi-Unit Sales (Two-Four Flats) Jan 1st to October 25th, 2013

46 multi-units (two to four flats) sold in the Edgewater Community Area this year.  That's up 35% over 34 sold over the same period in 2012.  The median price is a hefty $510,000, up over the $447,000 median of last year.

The highest multi-unit sale is 5511 N Wayne for $850,000 in the Lakewood-Balmoral community. The gorgeous 1928 custom build two-flat is on a 37.5' wide lot.

The lowest sale is 1501 W Highland for $204,750.  The frame building was listed as a 3 flat (with a top floor one bedroom unit) and sold as a foreclosure.

Edgewater Community Area multi-unit sales 2008-2013 January-October
46 units sold in 2013
34 units sold in 2012
24 units sold in 2011
28 units sold in 2010
11 units sold in 2009 (after the financial crash)
16 units sold in 2008


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