Tuesday, January 23, 2018

Logan Square single family home sales near "The 606", median price up 76% since 2012

A bike commuter enjoys a snow cleared ride east bound on The 606 last Friday morning (all photos Eric Rojas, Broker, Kale Realty)
We have an upcoming Logan Square single family home listing just one door over from "The 606",  AKA Bloomingdale Trail. The Logan Square portion of the trail is surrounded by old and new cool spots to eat and drink. The housing stock is diverse with original frame and brick workers cottages mixed in with new construction houses and condos. Relatively affordable apartments and condos offered to the market remain but are becoming more elusive.

Here's a quick video of the Bloomingdale Trail  near our listing I took last Friday morning.

Many blocks remain majority older structures while new construction is in high demand. Developers are knocking doors everyday to acquire land to build.  More condo units and apartments are in fact being built on the arterial streets of Armitage and Milwaukee Avenues bringing more likely trail users and diners to the neighborhood.

A modern new build nestled between original workers cottages along The 606 in Logan Square.
I looked at sales a couple blocks north or south along The 606 (and west of Western) to help our client price their single family home for the market.
Logan Square home sales near "The 606" Bloomingdale Trail
About 48 single family homes sold within two blocks north or south of the Bloomingdale Trail in the Logan Square Community area in all of 2017.  The median price of those sold homes over 2017 was $697,500.

The highest sale by far was 2436 W Bloomingdale, Chicago IL 60647 for $2,390,000. The custom double lot modern loft home near the Bucktown neighborhood lives like a modern high-end art gallery.  The lowest single family home sale over 2017 was 1838 N Spaulding for $335,000.  The small brick split-level was in nice shape. However, due to the great demand in the area the home has been renovated and back on the market for $524,500!

Times have changed! Just five years ago and prior to the The 606 the market and prices were much different. In 2012 we were about to start climbing out of the 2008 financial meltdown. 31 single family homes closed in the same sales area with a median price of about $395,000. You could buy just about anything in Logan Square during 2011-2012 years and have big equity today.

Please contact us to find off-market, pre-MLS and newly listed homes or to sell your property this year.

No comments: