|I spotted the new Cafe Tola space in Avondale this month (Cafe Tola Loncheria y Tacos at 3324 N. California Ave). The popular Lake View purveyor of empanadas takes over the former Hot Doug's space.|
|Cafe Tola at 3621 N Southport in Southport Cooridor|
Avondale home sales
|A modern conversion home I spotted back in 2011 on the 2800 block of North Rockwell.|
60 single family homes sold in the same sales area over 2015 with a median price of $431,500.
Just 4 years ago in 2012, 50 single family home properties closed with a median price of just $300,000.
|The Avondale sales area surrounding the new Cafe Tola concept has been very active with renovations and new construction.|
|There has been a hot market for buying and converting two-flats to single family homes in Avondale over the past 4 years.|
32 small multi-unit buildings (2-4 unit buildings) have closed over the last 12 months in the same sales area with a median price of $342,000. My guess is at least 30% of those purchases will be for single family conversions and/ or new single family construction houses. 36 small multi-unit properties sold in 2015 with a median price of about $312,500. In 2012 (the start of the North Side price recovery) 38 small multi-units sold with a median price of only $161,000.
78 attached units have sold (condo and town house units) over the past 12 months with a median price of $285,000. 38 of those units were listed at 3 bedrooms or more with a median closing price of $379,000.