Wednesday, February 20, 2019

Logan Square small multi-unit sales (two-flats and more)


3300 block of West Wrightwood (all photos Eric Rojas, Broker, Kale Realty)
Logan Square has swaths of vintage two to four flats still remaining. There is nary a better looking block than one with contiguous grey-stone multi-units!  The popular neighborhood with ever-present controversial development churns through the staple Chicago building types like many North Side areas... where many are torn down or converted to single family homes. Redeveloped or not, small multi-units are an active market in Logan Square.

Check out this great Logan Square block loaded with gorgeous vintage multi-units!



147 small multi-unit buildings (two-four flats) sold over 2018 in Logan Square.  The over-all median price was $565,000 for 2018.  

Two-flats:
92 of the Logan Square buildings sold were two-flats at a median closed price of $510,000. The highest priced two-flat sold was 2247 West Armitage Chicago IL 60647 for $1,532,000. This was a 2017 build with two (2) duplex units (usually would be organized as a condo building and not rental apartments).  The lowest priced Logan Square two-flat sold on 2018 was 3729 West Palmer closed for $175,000 as a foreclosure. Although bought for only $130,000 in 1999 the property had several refinances in the higher $200s and the property was eventually foreclosed. Looks like a small investor bought the building.

31 two-flats are currently for sale with a median asking price of $559,000.
One the properties I visited was a short walk from the shops and restaurants at Logan Boulevard and North Kedzie (the round-a-bout). 
Three-flats:
30 of the Logan Square buildings sold were three-flats with a median closing price of  $565,000. The highest sold three-flat was 2014 West Wolcott closed for $1,325,000. The vintage red brick building has had substantial  improvements. The lowest sold three-flat is 3617 West Diversey closed as a short sale for $250,000. The traditional brick building has two above grade units and a garden unit.

18 three-flat buildings are currently for sale with a median asking price of about $725,000.

Four-flats:
25 of the Logan Square buildings were four-flats with a median price of about $730,000. Quite a big price jump from three unit buildings. The highest priced sold four-flat was 1940 North Kedzie  closed for $1,245,000. The gorgeous grey-stone is fully renovated with $99,000 of annual revenue according to the listing. The lowest sold four-flat was 2028-30 North Stave for $535,000

Six four-flats are currently for sale with a median asking price of about $1,000,000.



The round-a-bout at Logan Boulevard and Kedzie is a distinct and uniquely planned area on the North Side and has a special feel.

Saturday, February 16, 2019

"Private" Crilly Court and vintage Lincoln Park row house sales

The concrete post at the end of Crilly Court reads "Crilly Court: Private". The row houses along the west side of 1700 N block of Crilly Court rarely change hands. All photos Eric Rojas, Broker, Kale Realty
I found myself in Old Town Triangle of Lincoln Park on the Friday of Polar Vortex 2019 looking at a couple properties with a client. The sun really lifted my spirits! Despite the cold, Chicago vintage row houses look great in the white snow and sun.  I passed down the small "private" one-way block of Crilly Court that is home to impressive vintage row houses. While walking by I checked when the last time any row homes had sold on the block.

The last two MLS sales I could find on the block are as follows: 1718 North Crilly Court sold in 2012 for $1,200,000 and 1700 North Crilly Court (a corner unit) sold for $1,420,000 in 2010. 

A vintage one-way block of Crilly Court between West St. Paul and and West Eugenie in Old Town Triangle.

Lincoln Park Row House sales 2018
About 22 vintage Lincoln Park row houses sold over 2018.  The median price was approximately $1,200,000.  The highest sold row house by a long shot was a stunning renovation at 2704 N Lakeview for $4,750,000. The 10,000 sq/ft home was previously bought in 2016 for $1.8 million.

2704 N Lakeview (door shown far left) was bought in 2016 for $1.8M and sold late 2018 for $4.7M after an impressive and extensive renovation.
The lowest priced vintage row house to sell over 2018 was 1818 N Lincoln Avenue for $830,000. The Parisian style decor harks back to another area.  1818 N Lincoln is part of a row house group where we sold 1826 North Lincoln several years ago.

Contact us to sell and buy homes in Lincoln Park and greater North Side Chicago and suburbs. We offer the most competitive full service broker commission rates when selling, pre-market opportunities when buying and 25 plus years of experience in real estate transactions. Don't get ripped off!

Friday, February 15, 2019

Portage Park single family home sales, median price up 87% since 2012

Earlier this month I walked a "punch list" for a new construction home buyer in Portage Park. Several items needed to be completed before appraisal and closing. Nine contiguous new construction homes have been built adjacent to a traditional Tudor common in the neighborhood. All photos Eric Rojas, Broker, Kale Realty
Many of our home buyers are finding themselves in Portage Park these days. And why not? Extremely low inventory and budget busting prices in the likes of Lakeview, Lincoln Square, Lincoln Park and Logan Square have buyers turning to Portage Park for relatively affordable new construction homes. The northwest Chicago neighborhood offers plenty of commercial retail conveniences, a several CTA Blue Line and Metra stations (to the east of the neighborhood) and quite tree-lined streets.

A former bank parking lot that took up the majority of the 4900 block of West Dakin has been transformed into nine new construction single family homes.
Portage Park single family home sales 2018

A robust 453 single family homes were recorded closed on MREDLLC.com over 2018 (does not include off market closings which probably puts this over 500 closings). The median price for 2018 was about $320,000.

Median price is up 37% from 2012 and 87% since 2012.  

The highest priced closed home was 4743 North London, Chicago IL 60630 at $679,000. The four bedrooms new construction home sits on a 25'x126' near the large Jefferson Memorial Park and the Jeff Park Metra.  The lowest priced house sold for $140,000 cash.  The traditional Chicago bungalow at 4544 North Laporte was thoroughly damaged by fire. Around 65 of the closed homes sold were new construction or gut rehabbed homes. 

Past Sales
In 2015,  411 single family homes closed for a median price of $240,000.
In 2102, 355 single family homes closed with a median price of only $175,000!

More posts on Portage Park HERE

Contact us to sell and buy homes in Portage Park and greater North Side Chicago and suburbs. We offer the most competitive full service broker commission rates for selling, pre-market opportunities for buying and 20 plus years of experience in real estate transactions. Don't get ripped off!

Tuesday, February 12, 2019

City Coffee opens steps from Winnemac Park and Amundsen High School, Lincoln Square

AJ Lutz and City Coffee staff on a Tuesday morning. Located at 5139 N Damen Ave
Chicago, Illinois 60625 All photos Eric Rojas, Broker, Kale Realty
City Coffee is open at the corner of Foster and Damen in Lincoln Square / Ravenswood. I had the chance to stop by for coffee and pastry and work for a couple hours this morning.  Owner AJ Lutz has created a comfy sophisticated neighborhood spot at the busy corner. Great music, pastry and Caffe Umbria coffee.  I mentioned he has chosen a terrific, simple name too... how has City Coffee not been taken? LOL

We use to go to the old cafe circa 2007-2009ish. The storefront shop had been vacant for years.  The new space is really nice!
Unique to the local shop is the tech! Download the City Coffee app to order ahead and benefit from a rewards program! The Wi-Fi game is strong too.

Simple modern decor and large meeting table.
Little library... "take a book, leave a book"!
Large picture windows let the light in even on this cloudy, slushy morning.
We love our new businesses near Winnemac Park in Chicago! Grab your coffee and head to the park.  City Coffee is a great place for bus and CTA Damen Brown Line commuters from Bowmanville to make a daily stop. Amundsen High School students, parents and employees finally another great spot to meet! Check out the hours and goings on at City Coffee web site, Facebook and Instagram. Support this growing strip also featuring Sweet Virginia's Kitchen, Bang Bang Pie and veteran Over Easy.

Friday, February 08, 2019

New West Loop rental! Furnished two bedroom loft, utilities included, Skinner School district



1224 West Van Buren, Unit 624, Chicago IL 60607 for rent $2,200 per month furnished and  available now.
Upgraded kitchen with Bosch appliance package and utensils. All photos Eric Rojas, Broker, Kale Realty and VHT.com
We're excited to offer a new two bedroom rental listing at 1224 West Van Buren in West Loop. Monthly rent includes: Electric, gas, 5G Internet, basic cable, IN-UNIT washer and dryer.  Freshly painted condo rental in amenity building featuring fitness room, yoga studio, media room, roof deck and 24/7 doorman. Permit parking district. Garage parking may be available in the building. Sorry no pets, no smoking. Tenant responsible for daily supplies (i.e. light-bulbs, detergents etc...).

*Applicants must have 650 credit score and 2.5x yearly rental in gross household income (roughly $66,000)* Voucher applicants welcome.



Entry lobby with 24/7 doorman staff.
Furnished living room with plenty of space for a dining table.
Kitchen equipped with plates and silverware.
Master bedroom easily fits the king bed and furniture. Organized closets.
Double vanity master bathroom.
Huge second bedroom. Currently set up with two beds.
Balcony off the living room.
Great West Loop location just steps from Target, UIC campus, Rush University Medical Center, Skinner Elementary, Skinner Park, Racine CTA Blue Line and a billion restaurants and services.
The condo building resides in top rated Skinner School district just steps away.
Escape the bustle in Skinner Park



Exclusively listed by
Eric Rojas, Broker
Kale Realty
2447 N Ashland, Chicago IL 60614
773-510-1597
erojas@kalerealty.com

Wednesday, February 06, 2019

Infamous Wrigleyville liquor store bites the dust for new development

The Wrigleyville Gold Crown Liquors at 3425 North Clark Street and two storefront bars have been recently torn down to make way for new development. A demo permit was issued for the three story vintage building to the far right of the photo as well. All Photos Eric Rojas, Broker, Kale Realty
Drinks, drinking establishments and liquor stores are synonymous with Wrigelyville. Well, you can pour one out today. I noticed the much loved and hated Gold Crown Liquors at Clark and Sheffield has been torn down. Drawings for the new building coming to the corner are linked HERE.

I snapped this photo this morning of the former Gold Crown Liquors store in Wrigleyville.  Much has changed in the neighborhood due to the Rickett's Chicago Cubs ownership and the CTA Red Line/ Purple Line "Belmont Bypass" project. See the renderings of a new building HERE
My twenty-one year old self will have to find a new place to rent kegs. Few Chicago neighborhoods have transformed faster over the past five years than Lakeview's Wrigleyville!

Tuesday, February 05, 2019

What's next for the Old Town Treasure Island property?

The closed Treasure Island store at  1639 N Wells St, Chicago, IL 60614 (all photos Eric Rojas, Broker, Kale Realty)
We have clients looking at a condo on North Wells Street in Old Town. A selling point of this desirable and bustling strip has been the proximity to a neighborhood grocery store. However the Treasure Island grocery store company has closed under much controversy.  The company owns four of it's closed buildings including the Old Town location at 1639 N Wells Street pictured above. I'd love to see a mixed use development with another grocer and high-rise like the newest Gold Coast Jewel Store at Clark and Division (The Sinclair).

Looking southeast.
Eight condos have sold over the past twelve months on the 1500-1700 blocks of North Wells in Old Town. All but one sale was at 1636 North Wells high rise.  Those closings ranged from $152,000 for a studio apartment with $348/mth assessment to $602,000 for a three bedrooms, two baths unit with a $1,055/mth assessment.  There are many more residences on the side streets perpendicular to North Wells just to the immediate west of the Treasure Island building.