Eric Rojas, Chicago Real Estate Broker

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Monday, August 04, 2014

Old Town condo sales 2014

I met with a client on the 1500 block of North Cleveland Saturday morning to help prepare the condo for sale.  Let's see how over-all condos sales look like this year in the very desirable Old Town neighborhood in Near North Chicago.

The 1500 block of North Cleveland in Old Town is comprised of mostly newer construction buildings with a few vintage single family homes and multi-units remaining.  The terrific location is steps from North Wells Street entertainment and easy to downtown offices.
Old Town condo sales January 1st to August 1st, 2014

127 condo units (attached homes, town houses) are recorded closed in The MLS from January 1st to August 1st of 2014.  I used August 1st as it falls on a Friday when many closings occur.  The median price is about $450,000.

66 homes sold in buildings with less than 30 units for a median price of $490,000.  66 units sold in buildings with 30 or more units with a median price of about $315,000.

57 two beds, two baths condos sold over the period with a median price of $415,000 while
eleven (11) three beds, two baths condos sold over the period with a median price of $570,000

Old Town sales area (map drawn on by Eric Rojas, Broker, Kale Realty for information purposes only.  Attached units include North Ave and LaSalle. 

 Fun fact!
The 18 least expensive condos all sold from $114,000 to $216,000 on North LaSalle in three high-rise buildings: 1212 N LaSalle, 1250 N LaSalle and 1540 N LaSalle.

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