Thursday, August 25, 2016

Webster Square development changing the Lincoln Park landscape, pushing prices up

The orange-y Webster Square condo building makes a splash on the Lincoln Park scene.
I've been in the Oz Park area of Lincoln Park quite a lot lately for business and the kids' Bulls basketball camp.  The new Webster Square 95 unit condo strikes quite a pose at the corner of Lincoln and Webster.  You get a great sight line standing across the corner. One bedrooms are listed from $450K and 3 bedrooms units are listed up to $1.6 million on the MLS.  Several units are listed under contract from $550,000 to $1.7 million.

The median price of  two beds, two baths condo within a couple blocks of the development is about $370,000.   Three beds, two baths condo median price is about $530,000.  The median price of a single family home within a couple blocks of Webster Square is over $2 million with one house selling for over $8 million in the last 12 months.

The original hospital building to the left  is now converted to rental apartments as part of Webster Square.  

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