Wednesday, September 25, 2019

Sold! Logan Square new construction house $1,225,000

All Photos and listing by Phyllis Bisceglie, Sergio and Banks Real Estate. We were happy to work with Phyllis on the purchase of this home.  
We're excited to announce our long time client just closed on this beautiful new construction house in Logan Square! Situated just west of Bucktown 2604 West Cortland is a thoroughly upgraded custom build. This was not a speculation house! Details like all brick and limestone construction, radiant heated basement floors, fully decked roof top with built in grill and high-end lighting were commissioned by a private owner who never moved in.

After looking at many new construction speculation homes nearby and exploring the cost to build new our client felt this purchase was a value. The home was listed at $1,275,000 and we negotiated a $1,225,000 purchase with some concessions. Credits were secured to finish out some of the upgrades and correct some construction issues.   The location, building materials, smart home features, luxury kitchen, upgraded basement and fully finished rooftop deck exceeded many $1M plus homes in the area.

Gorgeous high-end kitchen with butler's pantry. Custom mill-work and lighting throughout. 
Great room with fireplace leads to deck and paver patio. 
Master bath with three shower heads, steam shower and heated floors.

We loved the windows throughout the home... especially in the 2nd bedroom.

Entire roof deck with Trex and built-in grill.
Custom wall cladding and wet bar... radiant heated floors!
Call us to find your next home! We source off-market, private and pre-MLS listings every day. 

Tuesday, September 24, 2019

Rats! Logan Square six story development underway near CTA Blue Line

I took a few photos last week of the new six story development site at 2755 N Milwaukee. The former Pierre's Bakery structure has been cleared.  Some residents are not totally sold on the market rate mixed use development that will bring 60 residential units and some ground retail. Some union workers are not happy either (hence the giant rat).

The large site is located immediately across the street from the North Spaulding Avenue entrance to the CTA Logan Blue Line. This strip of Milwaukee is full of shops, restaurants, services and bars.
The old bakery building.

Dill Pickle Co-OP grocery store and CTA Blue Line entrance at North Spaulding Avenue are across the street.

Logan Theater along with many restaurants, bard and shops line Milwaukee Avenue near the new development.
It is not clear if the development with be a condo building or rental apartments. 497 condo units have closed thus far in Logan Square with a median sales price of $410,000. This is a great location and would condos would probably do well. Rents for a two bedroom, two bath condo would probably start at $2,500 a month for a 1200 sq/ft unit.

Friday, September 20, 2019

Open House! Wicker Park, Noble Square duplex-up with 2 car attached garage, 1200 sq/ft deck! For sale $749,900

Maybe the largest private walk-out deck we've seen with a condo! Almost 1200 sq/ft right off the main living area... no stairs to entertain. Just open the door!
New for sale! Visit me and Bob this weekend at 1113 N Ashland #3, Chicago IL 60622.

Open House 
1113 N Ashland #3
Saturday September 21st at 1pm to 3pm
Sunday September 22nd at 12pm to 3pm
$749,900 (includes 2 car garage)

Our client bought and upgraded this fantastic newer construction duplex-up condo just five years ago. Boutique four residential units with one commercial owned condo office. Modern, full of light and the best of indoor/ outdoor city living. Walk to everything location in Wicker Park/ Bucktown. Just two-blocks to the CTA Blue Line at Division for an easy commute downtown. Coddle your whip with attached and heated two garage spaces! We can't get enough of the fully loaded deck. Unit is quiet and does not face Ashland.

Wicker Park/ Noble Square modern duplex-up with spectacular 41' x 27' private deck directly off the main living space. The best of indoor/ outdoor living! Hot location steps to CTA Blue Line and Division Street restaurants/ bars. Two car parking in heated attached garage included.

3 beds up, 2.5 baths with 2 car garage parking. Outstanding east light floods this recent new construction home. Dream kitchen with Wolf range, built-in Wolf Coffee System, Sub-Zero refrigerator and pantry cabinets. Wired sound speakers throughout the 10.5' ceilings! Spacious master suite with walk-in closet. Master bath with heated floors, separate soaking tub and walk-in shower. Organized closets in 2nd and 3rd bedrooms. Attractive 8ft solid core doors and custom mill work.

The walk-out deck doubles your living space! Pergola, built-in bar/ storage, griddle, gas fire-pit and gas line to the deck for grilling on the enormous outdoor space. Two car parking and extra storage in heated attached garage. Pet friendly boutique building!

More photos and property information HERE!


Exclusively listed by Eric Rojas, Broker, Kale Realty
2447 N Ashland, Chicago IL 60614

Newest high-end Lincoln Park condo development under construction, prices starting at $1M

Lincoln Common (at the former Children's Memorial site) rental apartments towers opened to residents early this year. The third building is a six-story condo building with unit prices starting over $1M.

The Orchard
is the final residential building to be completed at Lincoln Common. You'll need to be in the Bentley price range to afford the condos! According to the web site the two bedrooms units start over $1,000,000 and three to four bedrooms units start in the $3,000,000s.

The Orchard will enter the crowded high-end Lincoln Park condo market. 83 Lincoln Park condo units are currently listed for sale at one million dollars or more. This does not include the pre-construction units at The Orchard or a handful of other condo buildings not yet listed.

49 condo units are currently listed for one million or more.

88 Lincoln Park condos have sold over one million dollars so far in 2019 (Jan 1st to Sept 20th).

The median price of a closed condo thus far in 2019 is $494,400.

Tuesday, September 10, 2019

City Grange Garden Center brightens up car-centric Western Avenue

The corner of Western and Catalpa in Lincoln Square/ West Ridge was teeming with people and nature on a recent summer night. Residential and business development is slowly spouting up in this challenging location.
City Grange opened earlier this spring to much local fanfare in Lincoln Square, Albany Park, Sauganansh and many surrounding neighborhoods. The venture led by a veteran community garden activist has spruced up an otherwise busy four lane highway connecting the Lincoln Square and West Ridge neighborhoods (also a sub-neighborhood known as Arcadia Terrace).

A welcome site for the condo owners just to the south.

An oasis in an otherwise challenging location.

Not much to see around North Western Avenue and West Catalpa.  Rosehill Cemetery is to the east, multi-unit apartment buildings to the west. A spattering of business line the west side of Western Ave. going north towards Peterson Ave. but it is not very aesthetically pleasing to pedestrians.  

Driving this strip is an experience of it's own! Drivers weave from lane to lane avoiding left turning and parallel parking cars. The new alderman's office is located on this strip and there is no better time to make this strip safer to walk, ride and drive!

The impact of the garden center the the services / community space it provides can not be understated. What a boost! The center is really attractive and offers education programs to all gardening levels. Check them out just north of Lincoln Square!

Monday, September 09, 2019

Logan Square single family homes, median price and unit sales slip year to year

Logan Square single family home housing stock ranges from modern to vintage with converted churches and warehouses to boot. The CTA Blue Line, hot restaurants, bars and shops have fueled the rising prices. (All photos Eric Rojas, Broker, Kale Realty).
We recently went under contract on a high-end Logan Square single family home that will be closing next week. Our Wicker Park transplant found more value in houses in Logan Square than her current location. Here's a quick look at sales in popular Logan Square.

Logan Square single family home sales January 1st to September 6th, 2019
169 Logan Square single family homes sold from January 1st to September 6th this year.  The median price is about $745,000.

199 single family homes sold over the same period of 2018 with a median price of about $825,000.  We have seen a slip of unit sales over several North Side neighborhoods, however, median prices have held steady or gone up. We see a small slip in both unit sales and median price in Logan Square year to year.  Compare that with a median price of $515,000 is 2013!

Logan Square prices may have plateaued a little due to the quickly rising land prices and push back on development from neighborhood groups and political trends.

Check out our other Logan Square posts HERE

Friday, September 06, 2019

Lincoln Park single family home sales, unit sales up

Despite the great amount of tear down and new construction activity my mind goes to homes like 632 W Deming Place when thinking of Lincoln Park. 632 West Deming happens to be on sale for $5,500,000. (All photos Eric Rojas, Broker, Kale Realty)

The median price of a single family home sale in Lincoln Park is about $1.6M.  
Many North Side neighborhoods have seen median price increases for single family homes while unit sales have gone down in 2019. Here's a quick look at Lincoln Park single family home sales.

Lincoln Park single family home sales 
141 single family homes have closed so far in 2019. The median price is about $1,630,000. Fifteen homes sold for over $3,000,000. The highest price sold home is 2217 N Burling Street, Chicago IL 60614 for $4,837,500.  Only twelve homes were sold for under $1,000,000.

Over the same period of 2018, 126 single family homes sold with a median price of about $1,650,000. Nineteen homes sold over $3,000,000.

Lincoln Park was fairly consistent over the last two years. However more units sold thus far in 2019 for a slightly less median price than over the same period of 2018.

Thursday, September 05, 2019

"Welcome Back Lounge" getting closer to opening on hot Milwaukee Avenue, Logan Square

Welcome Back Lounge looking groovy in Logan Square
This is a great name and I'm sure a lot of long time bar owners are kicking themselves for not taking it.  Hope the business does justice to the name!

Wednesday, September 04, 2019

Sold for $410,000 and torn down, now new single family construction in Lincoln Square

We wrote about the sale of 4955 N Claremont, Chicago IL 60625 when it was sold last year.  I thought the $410,000 sales price for a 33'x125' was a bargain... and suspected a new construction house was on the way. Its a good location close to many of the bars, restaurants and shops of Lincoln Square.  The block has lots of activity during school and mass days as Saint Matthias School and Parish are located on the street.
A familiar site around the North Side over the last 20 years... older, smaller homes torn down for new construction. Tear downs around Lincoln Square have slowed with the rising price of existing re-sales and land. 

The original house (in the middle). The home to the far right sold for $460,000.  The buyer of that house did not tear down or make major structural additions. They moved in after some renovations.  

The new construction looks to be a private owner build rather than a developer "speculation" build for sale. The builder is Brightleaf  that touts it's energy efficient homes. 4955 N Claremont has a permit for solar panels (yay).