Wednesday, May 20, 2015

Shopping Jefferson Park houses near the proposed "Weber Spur" trail

Curbed Chicago did a nice update on the proposed bike/ recreation trail called "Weber Spur.  The trail would travel southwest from West Devon/ North Pulaski intersection to West Sunnyside/ North Cicero intersection in Jefferson Park. A City Water Management depot sits adjacent to a Union Pacific underpass at the location.

I believe this Union Pacific Railroad underpass would be the southwest end of the Weber Spur at West Sunnyside just west of North Cicero based on the map above.

Image of Webster Spur trail from Curbed Chicago

House sales near the proposed Jefferson Park trail entrance:

We showed nice Chicago bungalows last evening to first time buyers a couple blocks from the Jefferson Park entrance to the proposed trail (our clients have offered on one). The area is bounded by Milwaukee to the Edens, Montrose to Lawrence.  Move-in ready three bedrooms, two baths houses in this little section can be had from the low $300,000s near the trail. 
The shaded area shown above in Jefferson Park is located near CTA Blue Line trains, Metra and the proposed entrance to the Webster Spur recreation trail (lower right hand corner of shaded area. Nice bungalows are relatively affordable in this area with good shopping and transportation options nearby. 

16 single family homes sold over the last twelve months in the shaded area above.  The median price of a home in the area is about $290,000. Most of the houses are brick or stucco Chicago Bungalow style homes. Frame cottage-like bungalows are also common.  The homes vary in level of improvement... the most valuable and sought after improvement being a large second floor dormer with a full bath on the second floor.   The highest single family home sale in the shaded area was at 4627 N Leclaire Chicago IL 60630 for $432,000. 

I don't think there will be a huge impact on home prices directly related to the Weber Spur but it will definitely be a marketable amenity that attracts home buyers. The trail can help people identify and relate to the specific geographic location.

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