Eric Rojas, Chicago Real Estate Broker

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Monday, May 12, 2014

Gold Coast single family home sales 2014: Many available, bring at least $2 million

Walking along North Dearborn in Gold Coast last weekend (Photo Eric Rojas, Broker, Kale Realty)
The Gold Coast is a unique treasure of a neighborhood not only in Chicago but nation wide (in my opinion). Views, architecture, upscale retail, dining, iconic bars, beaches and people watching all tucked into a bustling lakefront location is worth the purchase price.  Or... at least worth a visit from current Chicagoans and tourists.

Gold Coast Single Family Home Sales 2014 (including row houses)

7 Gold Coast single family homes have closed in 2014.  This is a pretty good number of transactions for the relatively small number of available homes in the neighborhood.

The highest sale just closed in May for $5,875,000 at coveted 1207 N Astor Street (asking price).  The classic estate on a 27 wide lot was bought in 2010 for $3,750,00 and has been fully renovated.

The lowest single family dwelling sale this year in Gold Coast is 1234 N State Street for $1,750,000.  The surprisingly spacious "1886" row house was advertised as needing updates and modernization.
YOU ARE HERE Mariano Park (photo Eric Rojas, Broker, Kale Realty)
For sale and under contract
A surprisingly large number of Gold Coast single family home dwellings are offered for sale.  27 homes are currently marketed for sale from $1,699,000 to $15,000,000.  Yes, 15 million.  Only four offerings are priced under $2 million.

The hot Chicago single family home market on the North Side and retiring Baby Boomer generation may have a lot to do with the good number of Gold Coast listings.

Yet, only two homes are currently under contract.  59 West Schiller is under contract listed at $2,800,000 and 43 E Division is under contract listed at $4,500,000.

All stats gathered from and interpreted by Eric Rojas, Broker, Kale Realty

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