Wednesday, May 24, 2017

Marina City condo sales: 300 N State in downtown Chicago

The unmistakable Marina City, 300 N State Street. The condos are often referred to as Marina Towers. All photos Eric Rojas and Bob DePalma, Brokers, Kale Realty

We have clients looking at two and three bedrooms Loop condos up to one million ($1,000,000) for their next home. It's a fun, bustling area where they walk to work and take in any number of cultural events any day of the week! We checked out Marina City for a renovation project. Although smaller and low in the price-point the great balconies are a big draw for our buyers.

MLS listings at iconic Marina City condo towers suggest their are 896 total condo units in the towers.  The past 12 months show 37 closed deals and over the past 24 months we see 88 closed deals on our MLS (MREDLLC).

Photo Eric Rojas, Bob DePalma - Kale Realty

However, only 5  two bedroom, two baths units have closed in the past 24 months ranging from $360,000 to most recently $565,000 for a completely remodeled unit on a high floor. The $565,000 was by far the biggest sale number by far for the building for some time.

In the last 12 months (5/24/16 to 5/24/17) 37 units have closed on our MLS.
  • Five studio apartments sold with a median price of about $162,500.
  • Thirty one bedroom units sold with a median price of about $248,000
  • Only one two bedroom unit sold in the past 12 moths for $565,000.  The home was purchased, renovated and resold (flipped, if you will...) to a happy new buyer.
One bedroom condos have a monthly assessment of about $450.00 and cover in part: Water, Common Insurance, Security, Doorman, TV/Cable, Exercise Facilities, Exterior Maintenance, Scavenger, Snow Removal. Coin laundry is on site as are several restaurants, cleaners and other amenities.
.Photo Eric Rojas, Bob DePalma - Kale Realty
Currently nine units are for sale with a median price of about $240,000.  There is a 57th floor two bedrooms unit on sale for $465,000.  57th floor! No way I get out on that balcony!

Learn more about Marina City HERE.  For a great downtown local news source check out Loop North News.

Wednesday, May 17, 2017

Belmont Cragin Chicago home sales see value and mulitple offers

Rows of smart bungalows and well kept lawns on the 4900 block of West George. My favorite part? Spotless street and neighbors out talking, smiling and waving.
You need house? Belmont Cragin got nice house under $300K. And it go fast! We are in our second multiple offer situation this month on "move in" quality brick homes. Let's take a look at neighborhood house sales and prices so far in 2017.

The Belmont Cragin neighborhood is basically North Cicero on the east, North Narragansett on the west, West Belmont Ave to the Metra's Milwaukee District/West tracks to the south. First time buyers from Wicker Park, Logan Square/ Hermosa neighborhoods are looking just west for an affordable, well conditioned house. Developers/ flippers are selling fully renovated one story bungalows in the $300s. Market prices are heating up as older neighbors sell dated but well kept homes.

Belmont Cragin home sales January 1st to May 12th.
107 houses have closed in 2017 so far. The median price of a sold single family house is $219,000. Median price is up $60,000 since 2014!  Many houses around the median price (and for a bit more) are brick homes in really good shape. Additionally homes listed around the median price usually sell in multiple offers.

130 houses sold over the same period last year with a median price of $212,000.
In 2015, 99 homes sold with a median price of only $185,000.
In 2014, 96 homes sold over the same period with a median price of $159,900.

The highest homes sale thus far in 2017 is 5337 W Barry Ave, Chicago, Illinois 60641 for $445,000.  The gut renovated two story home featured four bedrooms, four bathrooms and contemporary finish level.

Mint Mini is open on North Damen Ave, Lincoln Square

The Damen retail strip gets a really nice addition (All photos Eric Rojas, Broker, Kale Realty)
Mint Mini at 4949 N Damen in Lincoln Square is a new, smart furniture outpost of Mint's larger store at 2117 West Irving Park Road in North Center.  I really like their selection.

Check out the great mix of retail and restaurants that have filled in North Damen Avenue North of Lawrence Ave in Lincoln Square.

Get your coffee and eats on at Groundswell and Bang Bang Pie, peruse furniture or buy a condo all on North Damen in Lincoln Square.

Thursday, May 04, 2017

North Center homes growing like weeds in an alley!

This North Center new construction home is being built on an irregular lot off West Pensacola... in an alley! (all photos Eric Rojas, Broker, Kale Realty0
You know your neighborhood is hot when houses spring up in peculiar places. Every so often there is a unique house built among the many nice - dare I say vanilla - new construction homes around the North Side. This little ditty near Pensacola and Lincoln Ave above is a good reminder to check in on North Center single family homes this year. 

North Center single family home sales January 1st to April 30th, 2017
62 North Center homes closed in the first four months of 2017.  The median sales price for a closed house is a measly $1,100,000 (that gets you a house in an alley... j/k).  Over the same period in 2016, 53 homes had closed with a median price about the same at $1,150,000. 

Looking back at 2012 only 25 single family homes sold with a median price of about $680,000. Like half the houses and sales price only five years ago.  As the saying goes "hindsight is... making me depressed!" or something like that.
Dreamy North Center, Chicago

But hey! There is plenty of inventory at the moment.  About 111 homes are listed for sale in North Center at the time of this writing so let's get shopping.  Median asking price for a house is about $1.2M and I know there is a deal in there somewhere.

Tuesday, May 02, 2017

Sad! Lincoln Park vintage stunner on Wrightwood gone forever

We always stopped for a second look while passing 1117-1119 West Wrightwood in Lincoln Park. The vintage building was recently torn down. (All photos Eric Rojas, Broker, Kale Realty)

Oversized lot 48 x 124.5. Sale is not on MLS but the recorded deed has an amount of $2,435,000.

@_GXM  tipped us off on the demo delay list and demo permit.

Guide to who lived in your house

Who lived in your bungalow? ran a cool story with tips to looking up the history of your property.  Check it out in the link.  It may help you pay tribute to the ghosts!

Lake View condo sales 2017, median condo price up 20% since 2012

Corner of North Seminary and West Barry, Chicago (All photos Eric Rojas, Broker, Kale Realty)
Lake View community area of Chicago is typically one of the most dynamic market in condo unit sales and pricing. As city real estate values go, Lake View goes.  Let's take a look at condo sales this year.

Lake View condo sales January 1st - April 30th, 2017
139 One Bedroom condos sold this year with a median price of about $208,000.
253 Two Bedrooms condos sold this year with a median price of  about $368,000.
149 Three Bedrooms condos sold this year with a median price of $590,000.
29 Four Bedrooms (or more) condos have sold with a median price of about $790,000.

In the first quarter of 2017 (1/1/17 to 3/31/17) 385 over-all condo units with a median price of about $362,000.   348 units sold over all same period last year with a median price of about $357,000.  Back in 2012 (when things really began to pick up) only 238 units closed in first quarter for a median price of $300,000.   

Median sales price of a Lake View condo is up over 20% since 2012.


Saturday, April 29, 2017

Sunday Open House! Great Lake View condo location for $289,900

1051 W Barry #1W, Chicago IL 60657
Open House 
1051 West Barry #1W, Chicago IL 60657
For sale $289,900
Sunday April 30th - 1PM to 3PM

Take the video tour! 

New this week! An affordable unit in the center of Chicago's Lake View neighborhood. Gorgeous block of vintage buildings! A couple blocks to CTA Red Line or Brown Line. Tons of great restaurants and bars around the corner DMK, Fish Bar ,Vaughn's Pub.  In the middle of new mega Whole Foods and new Target stores. Shopping at DSW, Marshall's, boutiques more!

Two beds, One bath, Washer/ Dryer, Deck, Basement storage, Central Heat/AC

Thursday, April 27, 2017

The West Diversey Parkway construction zone in Lincoln Park / Lake View

South side of 600 block of West Diversey, Lincoln Park. All photos Eric Rojas, Broker, Kale Realty unless otherwise stated
A popular retail and residential mixed corridor on Lincoln Park / Lake View border is in the midst of upheaval. This commercial strip (pictured above) that once housed a Starbucks on the 600 block of West Diversey Parkway is now demolished and cleared out.  It is part of a larger redevelopment of retail space at the corner of Clark and Diversey.  See plans here from the 43rd Ward web site.

The former Market Place lot on the 500 block of West Diversey is still vacant. Developers walked from the project a couple years ago.  No update has been posted to the 43rd Ward site at this time.

508 West Diversey construction

508 West Diversey on the same block is currently under construction. 56 residential units will mean more $$$$ for the throng of local business and will help keep this a vibrant location near the lake.

Wednesday, April 26, 2017

Sneak peek! My musical debut at 1051 W Barry Unit 1W in Lake View for sale this week

1051 West Barry Unit 1W, Chicago IL 60657
 We just dropped the video on our newest Lake View listing! Take the tour:

Be the first to view our newest listing at 1051 W Barry Unit 1W, Chicago IL 60657 for sale at $289,900.   More preview photos HERE

 Exclusively listed by:
Eric Rojas, Vice President/ Broker
Kale Realty
2447 N Ashland
Chicago, IL 60614

La Grange home sales 2017

So many cool, customs builds throughout La Grange. All photos Eric Rojas, Broker, Kale Realty
La Grange, IL is a popular western suburb for our city clients to move to.  Many clients we meet in Chicago grew up in the west and southwest suburbs.  Some clients are just looking for their long term family home with an acceptable commute to downtown Chicago. I was back in La Grange with our buyers over the weekend. Let's take a look at recent home sales.

 La Grange single family homes sales January 1st - April 21st, 2017
40 single family homes are recorded as closed in our MLS thus far in 2017.  The median price of a closed home is $500,000.  However at $500,000 it is a struggle to find a move-in ready three bedrooms, two baths home with a finished basement reasonably walk-able to transportation.

41 single family homes closed in La Grange over the same period in 2016 for a medium price of $380,000. 
37 homes closed in 2015 with a median price about $510,000. 
38 homes closed in 2014 with a median price of $525,000
41 homes closed in 2013 with a median price of about $390,000

Wow, that's some crazy consistency for unit sales. The median price fluctuates considerably from high $300,000 to $500,000. The relatively small sample size each year reflects the house offerings people purchased.  In 2013, $390,000 could get you a little more house. In 2016 my guess is a lot of the lower-end homes were offered and bought up for future gut renovation or tear-down in the strong market.

La Grange offers a huge spectrum of home styles and price ranges on every block. You'll see custom Mediterranean, new build cottage and Tudors and classic "Chicago Bungalows" on the same block.

Saturday, April 22, 2017

Edgewater town house sales

We'll have a listing coming on in this town house development at 5320 N Kenmore in Edgewater (all photos Eric Rojas, Broker, Kale Realty).
We're town house crazy this week with two new listings hitting the market.  Next week we will photograph and film an Edgewater town house on North Kenmore near the lake (pictured above).  Let's take a look at Edgewater town house sales this year.

Edgewater town home sales January 1st to April 21st, 2017
Only four town homes have sold thus far in 2017.  They are a rare breed near the lake. The median price for this small sample size is about $355,000.  The higher priced town homes only have two bedrooms (plus family room). The development on North Kenmore we'll be representing is very close to the lakefront and Foster Beach.

Epworth United Methodist Church among the many large apartment buildings, condos, town homes and high-rises of eastern Edgewater.
Six town homes sold over the same period of time in 2016 with a median price of $388,000.  A couple larger, higher-end town houses sold bringing up the median.  In 2015 only three town homes sold with a median price over $500,000.  Indeed, town homes down in Edgewater are a rare find in spring months!

Thursday, April 20, 2017

New for Sale! Bowmanville, Lincoln Square town home, open house this Saturday!

All brick town house with fenced in front patio.
 5350 N Damen Unit E, Chicago IL 60625 for sale $349,900 
Open House Saturday April 22nd 10am to 12pm

New today! Check out this great town house value in the Bowmanville neighborhood of Lincoln Square. Bowmanville popularity has exploded over the past five years with high-end residential development, charming existing homes and growing local businesses.

Take the video tour!

Fenced in patio one of three outdoor spaces.  Great for garden planters!

Open floor plan with Juliet balcony overlooking West Balmoral Street. Attractive wood burning fireplace for cozy winter nights.

Open concept allows for large dining table and entertaining.

Well laid out kitchen with sink overlooking main living area.

Pantry cabinets!
This deck off the kitchen has room for a grill and chairs.
Main floor family room has huge coat/ storage closet, washer/dryer closet and access to the two car garage.

Spacious, bright master bedroom suite.
En suite bathroom, rare at this price-point!
Fenced in front patio.

More photos and property information HERE

Wow! This Bowmanville, Lincoln Square town house offers terrific value. Two beds, two full+one-half baths, family room, top floor loft, attached two-car garage, large fenced in patio, kitchen deck and potential roof deck.

First floor family room with huge closet, in-unit washer/dryer and access to garage. Main floor is light, airy open plan w/ recessed lighting, attractive wood burning fireplace, Juliet balcony, large dining area.

Well appointed kitchen overlooks living space and features pantry cabinet plus sliding doors to deck. Spacious master bedroom suite and private bath.  Large second bedroom with huge organized closet. Bonus loft space makes great office, reading area. There is walk-out access to roof and deck build-out is allowed according to association.

Home of the great gardens!
Urban Pooch, Half-Acre, Hardware Crossfit and many more businesses, bars and restaurants of Bowmanville, Andersonville and Lincoln Square outside your door.  PET friendly and close to Ravenswood Metra, CTA Brown Line.

Bowmanville neighborhood

Public green space steps from the town home.
 Exclusively listed by:
Eric Rojas, Vice President/ Broker
Kale Realty
2447 N Ashland
Chicago, IL 60614

Saturday, April 15, 2017

Downers Grove via Chicago (and home sale stats)

One a couple large water towers in Downers Grove, IL.  All photos Eric Rojas, Kale Realty.
Our fantastic clients have prepped their Lake View, Chicago condo for sale and it's ready for prime time! Yes, it is time sell and move back the motherland. One of the target areas near family with Metra to the city is Downers GroveLet's take a look at Downers Grove home sales this year.

Chasing the American Dream! Looking for a great house - in budget - in Downers Grove "close enough" to a Metra stop for the downtown Chicago commute. We can do it!
Downers Grove single family home sales January 1st to April 14th, 2017 (and other fun stats)

  • 138 single family homes sold thus far in 2017.  The median price for a house is about $375,000. 
  • Over the same period last year 118 single family homes sold with a median price of about $310,000. 
  • Go back to 2015 and 113 single family homes sold with a median price of $330,000.
Our clients would like at least four bedrooms house with en suite master bath.  66 homes have sold listed with at least four bedrooms and a master bathroom suite. The  median price is  $515,000.  Four bedrooms house sales with NO master bath had a median price of $370,000.  That master suite is costly!

In most Chicagoland markets we saw the unit sale and median price upturn start in 2012. In 2012, only 79 Downers Grove single family homes sold over the same period for a median price of about $267,000.

Don't forget! We help our clients sell in the city and buy in the burbs!

Thursday, April 13, 2017

Home inspection time Elmhurst!

420 South Hawthorne, Elmhurst, IL 60126 is a four bedrooms home listed at $489,900.  Our clients are in the attorney review period after securing a purchase contract.
We recently helped buyers secure a purchase contract on 420 S Hawthorne in Elmhurst, IL. I attended the home inspection last week on a rainy early spring day.  We attend all our client property inspections to understand the full condition of the house and it's value in the local market.  Bob and I often help solve inspection issues that arise and assist buyers in home improvement planning after the inspection.

118 single family homes have sold in Elmhurst from January 1st to April 7th, 2017 with a median price of $395,000. 420 S Hawthorne is a true four bedrooms home with a master suite.  12 homes with this criteria have closed this year for a median price of about $475,000.

Lincoln Square multi-unti sales (two, three and four-flat builidngs). Median price up 30% over 2015

Our recent two-flat listing at 2443 W Winona is under contract asking $529,900.
Two-flats and small multi-unit buildings are hot again (were they ever not?) in Lincoln Square community area of Chicago. We've been buying and selling in this market and it appears a more active market than 2016. Let's take a look!

2017 Multi-unit Sales  January 1st to April 7th

About 16 multi-unit buildings (two-four flats) have sold from January 1st to April 7th, 2017.  The median price is a eye-opening $618,000.  Over the same period in 2016,  20 multi-units sold with a median price about $535,000.  Units sales are slightly down but we see a significant bump in median price. Building considered values go quick.

12 units sold over the same period in 2015 with a median price of $470,000. Lincoln Square multi-units (two-four units) median sales price is up 30% over the same period since 2015.

Check out a video walk-through we filmed last year of our recent two-flat sale.

There are 14 multi-units currently under contract with a median asking price of $550,000. About 11 multi-units are actively listed for sale with a median price of about $700,000. Pretty big gap between buildings under contract and those sitting on the market.

Contact us to buy and sell in and around Lincoln Square. We show "off-market" and pre-MLS properties too!

Saturday, April 08, 2017

Sold over list price! Wrigleyville three bedrooms condo with awesome rooftop $425,000

This condo for Cub's fans went fast! 
Listed at $419,900 sold for $425,000 in multiple offer bid.

Wow! A three bedrooms, two baths condo with parking and awesome common roof top deck.  Just steps from Wrigley Field and the CTA Red Line at Addison. This large, renovated condo has great space for entertaining.  Enjoy the video walk through and call us to buy or sell more condo units in Wrigleyville, great Lake View and the North Side of Chicago.

Huge, open plan with fantastic kitchen for entertaining.

Amazing 360 degree roof deck views!
3743 N Wilton #3, Chicago IL 60613 sold for $425,000
Three bedrooms
Two bathrooms
Master suite
Parking included
Private deck off master suite
Huge common roof deck
Awesome bay window area, tall ceilings, great light!
 Exclusively listed by Eric Rojas
Broker, Kale Realty 
2447 N Ashland, Chicago IL 60614

Chicago Reptile Fest 2017 this weekend in Norh Park!

Chicago Reptile Fest 2017 is being hosted by Northeastern Illinois University 5500 N St Louis Ave Chicago IL 60625 this weekend (NOW) April 8th and 9th.  Click the link for more info and hours!  This is a really unique event in the North Park neighborhood near Lincoln Square.