![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEip1W2xkJhV-uWk7OqrcisOEpJ-6n8acUlGuqbD_5Z1viCDwTOllarrwM8Fv_y0Bo1NGjYhjGEJYdZ_csTZaOYlgebzFYWiRhO3WwYJ4S5HmoBTfxDa8WNqUKgB0D_B2FX-roR3/s400/20160113_093339.jpg) |
(All photos taken today by Eric Rojas, Broker, Kale Realty) 2155 W Farragut changed hands in December "off-market" for $350,000 according to public records. | |
A new construction permit has been issued for 2155 W Farragut, Chicago IL 60625 signaling the end for this early 1900s frame home in Bowmanville. The property was recently acquired "off market" for $350,000 and a mortgage of over $800,000 was taken out for the construction.
Bowmanville is a well established community that has seen accelerated new construction house demand due to popular
Andersonville and
Lincoln Square businesses and parks nearby.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgynSOOFTe6Rq4zhg6n7I-qU8Y9UCCdKI6ZaiapSuTM7XPZKCjpEbtJ6jGGA5_WgeckrJhwqharcX_LuUqUOD8RAsX8YKN6NdDDUTpmDo4NQOwSOpCxoySsXTSTiOEqhah4OfLj/s400/20160113_093504.jpg) |
2155 W Farragut on the left will soon look like it's new neighbor on the right. |
A similar frame house next door at 2159 W Farragut was recently bought in 2014 foreclosure sale for $290,000 and developed for a personal home (rather than speculation sale). The same owner/ builder will complete the 2155 W Farragut house construction. My spin around the neighborhood this morning revealed several new construction and major rehab projects already in progress.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmisb-CdS90D8ePoNmgj9Kxc1AIdmiN7R7VpgZ5YHVpyWz0S_CqoUdksKCZcptPJctzQ6fkNe4buWJITm4xHurri-h0RywaOg1kW9gU5QRUqwEMhwgS8yOR8EgJpYxXzGb5s0r/s320/20160113_093126.jpg) |
2141 W Berwyn was acquired for $340,000 late last year according to public records and issued a new construction permit in December. |
|
|
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjM30jMFFBGkpLYCfUlwFzRIQBKV3lTi_RL7EZ4qFCl3-RUjY0FGSyZ0U-Ra4AsDaX85IvImWdbfIstV7ihW0LBB8lENYq-CuXLrp7-UlGDMMMsrqFg2R7oOrl7fbJWfPUnsEMf/s320/20160113_092953.jpg) |
2148 W Berwyn was bought in 2014 for $351,000. Work on the gut renovation and expansion continues while a for sale sign adorns the lawn. There is no public or MLS listing I can find as of yet. |
Bowmanville neighborhood single family home sales 2015
24 single family homes sold in 2015 with a median price of about $715,000. Five of those homes sold for over one million.
Three Bowmanville re-sale single family homes are currently under contract. As of today, nine homes are offered for sale. Of those nine, three are new gut renovations up to $850,000 and one is new construction for $1,200,000.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgFIbu8d_8tOObhKyjHWMnw2KHdEk9tBiyWbzxfpRvtMMIMHtHTbsnjnKdEcftXiaSguRmQh63SWdSaf6QrVEyoIc31CdyqyHmjwwPy5_Dm6AllwNt01kktOI5Y3Ef6j_MFWd7D/s320/20160113_093553.jpg) |
Another rehab in the works on Farragut |
Several other projects are ongoing and one can expect similar new construction and re-sale activity to ramp up in 2016.
Check out Bowmanville sales stats we wrote about earlier last year.