Eric Rojas, Chicago Real Estate Broker

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Tuesday, April 21, 2015

Buyers covet Alcott School, "Field of Dreams" slated for this fall among $2 million homes

The view last Tuesday of the current Alcott School fields from a town house development on the 600 Block of West Drummond. All photos Eric Rojas, Broker, Kale Realty
I took this photo last week from the roof deck of 623 W Drummond, Chicago IL 60614 in Lincoln Park...a fee simple townhouse listed for sale directly across an alley from the Alcott Elementary East Campus school yard. The two bedroom, two bath unit is listed by Conlon Real Estate for $425,000

Alcott School and their advocates have secured funding for a new "Field of Dreams".  The school is well rated and it's at the top of many of our buyer's lists that are concerned about good school districts.  The new Alcott outdoor facility adds to the desirability of the immediate area for both those looking for a good school and/ or great recreational space.

Living upon a terrific park or outdoor space in the city is a huge draw.  Some folks don't want the commotion of the kids, but for many active city types it's like having a giant backyard.
A new Alcott field will have a positive impact on the row of fee simple town houses on the 600 block of West Drummond directly across the alley.  A nicely updated two bedrooms town house with family room at 623 W Drummond Place Unit 14 is under contract asking $550,000 (furthest unit to the right in the photo).

Alcott school district sales:
Buying in top Chicago public school districts is often competitive and a reality check.  It challenges families on how much they desire the city life over some of the amenities associated with suburban living (or going further out from downtown while staying in Chicago).

91 attached condo units designated as Alcott school district in the MLS (including town houses) with two bedrooms or more have sold over the last 12 months (another small percentage of units sold but were not marked in MLS as Alcott).  The median price for a two bedrooms or more unit is $515,000 over this time period.

15 detached single family homes designated as Alcott school in the MLS sold over the last 12 months for a median price of just over $2 million.

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