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).