Thursday, October 29, 2015

Pending Lincoln Park home sales have asking price of $2.5 million

An iconic row house at Clark and Dickens sports a "Cow on Parade". This has been one of my favorite homes in a favorite location near the lakefront parks, zoo and dining. Photo Eric Rojas, Broker, Kale Realty
27 Lincoln Park single family homes are listed under contract with a median asking price for almost $2.5 million. The actually selling prices when closed should far exceed Lincoln Park's overall median price of about $1.5 million this year.

New construction homes have helped drive the higher pending contract prices.  The three most expensive homes under contract are currently under construction at 2033 N Seminary Ave, Chicago, Illinois 60614 for $5,995,000, 1829 N Orchard St for $6,200,000 and 1924 N Orchard Street at $8,500,000. All three homes exceed the highest closed price in Lincoln Park thus far in 2015 (that's about $5.7 million).

Vanille on Clark near Dickens
122 single family homes are currently for sale in Lincoln Park.  It's higher inventory than I would have guessed. The median asking price for active homes is almost $2.4 million.

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