Wednesday, March 08, 2017

Under contract! Uptown three beds condo gets multiple offers (unit sales up 21%)

4438 N Magnolia 2S is listed at $376,000 in Uptown. All photos Eric Rojas, Broker, Kale Realty
Our clients recently won a multiple offer on a large three bedrooms condo at 4438 N Magnolia #2S.  The single floor layout, size of bedrooms, closets and the huge back deck off the kitchen set the unit apart.  Close proximity to the CTA Red Line was also a must.  The contract is in attorney review period.

Uptown condo sales have caught fire again as retail and infrastructure development moves forward in the neighborhood. Quality restaurants, close proximity to the lake and good value (price per sq/foot) make the area attractive to condo buyers looking for space and convenience.

  • 102 Uptown condos have closed from January 1st to March 7th 2017.  
  • The median price of a condo sale is an attainable $247,000. 
  • 84 units sold over the the same period in 2016 with a median price of $248,000.  
  • The highest priced sale is $735,000 (cash) at 707 Junior Terrace Unit 8, Chicago IL 60613. The full floor vintage condo offers a vintage one-of-a-kind Chicago home only a great city can deliver.

Uptown is home to many condos in vintage walk-up buildings as well as near lakefront high-rise buildings at a very wide range of price-points.

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