Monday, February 06, 2017

Buyers nab Roscoe Village condo asking $575,000 after multiple offers

Our clients viewed a couple of top floor condos on Roscoe street and nabbed one in a multiple offer situation. All photos Eric Rojas, Broker, Kale Realty
West Roscoe Street in Roscoe Village is a highly desirable location on Chicago's North Side.  Two similar top floor condo units our clients viewed in January have been sold in multiple offer situations. Our buyers were not ready to act on the first unit as other buyers put in bids. We spent some more time researching different neighborhoods and units (even single family homes) with our clients. With added market knowledge they acted quickly on the second and almost identical unit that hit the market later in the month.

The three bedrooms condo with large rooftop deck, parking and private elevator at 2151 West Roscoe #2, Chicago IL 60618 is listed at $575,000. After speaking with the listing agent we helped our buyers put together an offer with an escalation clause.  They won the unit without paying too much unnecessarily.

Smart looking newer construction condos, shops, bars and restaurants line the blocks from North Ashland Ave to North Western Ave along Roscoe Street in Roscoe Village neighborhood of North Center, Chicago.
Long live independent shops along West Roscoe Street!
Condos command strong prices on the 1600-2400 blocks of West Roscoe.  56 condo units have sold on these blocks over the last 12 months.  The median price of an attached unit on the eight blocks is $402,000.  The most expensive sale over the past 12 months was a new construction four bedrooms unit at 2250 West Roscoe Unit 2 sold for $1,100,000.   The lowest sales were one bedroom units in the low $200,000 range. Three condo units on the same strip are currently under contract after the first days of showing on the market.

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