Monday, September 17, 2018

Rogers Park condo sales: Median price up 100% over five years ago

Murals at the Morse CTA Red Line station. All photos Eric Rojas, Broker, Kale Realty
There is a lot to see in Rogers Park.  Murals, public art, eclectic homes, local business, parks, Loyola campus and the lake for example. You can experience various pockets of this large Chicago community area each with their own feel. However, the Rogers Park condo market was one of the worst hit on the north side after the financial crash of 2008.  With several clients looking to dip their toes in the area it's a good time to look at recent condo sales.

A new residential 50 unit apartment development nears completion at 1323 West Morse.
339 condo units (attached units including town homes) sold in 2018 so far.  The median price for a sold condo is a wallet pleasing $185,000.  The highest sold condo this year is 7631 West Eastlake Terrace, Unit 2EF for $435,000. The unit is probably the closest unit to the lake in the city!  The lowest priced sold unit is 2032 West Jarvis Unit 1B for $60,000.  The one bedroom "English Garden" unit is in move-in condition. 

A private residence features a Little Free Library and art pieces. 
The Morse CTA stop anchors northern Rogers Park. Primarily local businesses line Morse and Ravenswood. 
In 2017, 352 condos sold over the same period with a median price of  $175,000.  Go back five years to 2013 and 322 units sold with a median price of only $90,000.  Wow.  Probably some good investments to be had no?

Rogers Park Social has upped the bar game near the Morse CTA REd Line stop.

Lots of murals and charming brick roads.
The Heartland Cafe property and Lunt and Greenwood is up for sale.
Lots of vintage buildings in the RP.

Bikes and books, bikes and books...

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