Thursday, April 13, 2017

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!

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