Thursday, October 31, 2019

Sold! Logan Square condo sales (median price takes a jump)

We closed another Logan Square condo sale this week at 2409 N Sawyer. Our seller client took our advice and fully painted the one bedroom unit prior to listing. It showed great and sold in the first week despite a city-wide slowing market. Congrats to our client who has moved back home to Michigan.

Logan Square is a very active and diverse real estate market. 546 units have sold this year in (January 1st to October 30th). The median price of a sold condo is $411,000. The highest priced sold condo is 2040 N Damen Unit 2 Chicago, IL 60647 for $1,185,000.  The full floor penthouse unit with "2000 sq/ft custom deck" was built in 2014. The lowest priced sold condo is 1857 W Armitage 1R Chicago IL 60622 for $150,000. The one bedroom loft in a vintage building was a rare foreclosure sale in the the neighborhood.
Large new construction condo and rental developments have dominated the sometime controversial real estate market around Logan Square the last five years.

509 Logan Square condos closed over the same period of 2018 with a median price of $369,900
547 condos closed in 2017 with a median price of $375,000
544 condos sold in 2016 with a median price of  $360,000

Back in 2012 only 288 Logan Square condo units sold from Jan 1st to October 30th with a median price of $245,000.

Call us to buy and sell condos and houses in the Logan Square neighborhood!

Wednesday, October 30, 2019

New for Sale! Oak Park house $349,900 (and home sale numbers this year)

1164 Clarence Avenue, Oak Park, IL 60304 is now for sale at $349,900. This is an incredible price and value.

Open House this weekend! 
1164 Clarence Ave. Oak Park, IL 60304
Saturday November 2nd 12p to 2p

More photos and info HERE

About 334 single family home have sold in Oak Park this year from January 1st to October 29th, 2019. The median price of a single family home is $445,000. The highest priced sale is 417 North Kenilworth for $1,750,000. The property sits on five city lots! Seven homes have closed for over $1,000,000 this year. 

The lowest priced sale is 1180 S Scoville for $147,375. The foreclosure home sold in auction. The property will most likely be a gut renovation with a full second story added. Seven homes have sold for under $200,000 this year.

At $349,900 1164 Clarence Avenue is the best value in Oak Park! You will love this attractive move-in ready home! Enjoy vintage detail with many important improvements. Three nice sized bedrooms upstairs with a fully remodeled bathroom. Be sure to check out the 2nd bedroom bump out. 

Main floor has spacious living room, formal dining room and sliding glass door to walk-out deck. Smart and handy mud-room sits off the well equipped kitchen and leads to a huge 20'x8' deck. 

The yard is gorgeous. Two years NEW garage! The finished basement adds comfortable family room/ guest space with full bath and large laundry room. Central AC and heat (new furnace), newer windows throughout. Walk to everything including Rehm Park, Oak Park Conservatory, Euclid Park, Blue Line and Irving School. Terrific value for this well cared for and stylish home!

 Exclusively Listed by Eric Rojas, Broker, Kale Realty
2447 N Ashland, Chicago IL 60614
773-510-1597 -

Thursday, October 24, 2019

Looking at the Loop! Condo sales and median price dip year to year

Loop living is all about convenience and access to the city's best in culture, dining and business. Having a Pete's Coffee in your building is cool too. All photos Eric Rojas, Broker Kale Realty
I was in the Loop last week to evaluate a potential listing.  The downtown condo was a "distressed" purchase (foreclosure/ short sale) as an investment six years ago. Now the investor owners are looking to sell high. Located in an amenity building in the southern portion of the Loop the condo is an attractive unit for those wanting to "walk to work".

Views looking north down South Wabash from in front of 41 East 8th Street.
This investment condo was easy to rent out due to the myriad of universities, professional offices, transportation options, garage parking space included... you name it! It's the big city! You are steps from Grant Park and all its festivals. It would be a convenient place to live in and have flexibility to rent out if needed down the road.

41 East 8th Street in the Loop

Vibrant Columbia College is directly across the street from the building.

The CTA Red Line tracks are just west of the building.
This particular unit is on the 2nd floor. It's a cool feeling to be so close to the action. It's easy to get in and out of the building with less elevator waits. The views from the corner unit are still good despite the low floor.
Downtown (Loop) Condo Sales

611 downtown condos have sold this year (January 1st to October 23rd) with a median price of about $330,000. 646 condo units sold over the same period in 2018 with a median price of $345,000.

The lowest priced condo to sell downtown this year is at 40 East 9th Street Unit 612 for $112,500.
The studio apartment is a convenient in town for someone with business downtown. 

The highest priced sold condo downtown is 60 East Monroe, Unit 7201 for $3,478,787. The luxury unit features highly custom finish level and jaw dropping views.

Loop condo unit sales are trending down the last two years and median price took a dip this year. The unit sales are lowest year to year since 2012.

2019 (January 1st to October 23rd) 611 units closed, $330,000 median price
2018 same period 646 units closed, $345,000 median price
2017 same period 711 units closed, $346,000 median price
2016 same period 723 units closed, $345,000 median price
2015 same period 678 units closed, $348,000 median price
2014 same period 652 units closed, $341,900 median price

Sunshine Playscape open in Lincoln Park, North Pond conservation efforts

Sunshine Playscape has been open for over a month now. I had a chance to take my youngest kids a couple times. It's a great looking playground located among the paths winding around the North Pond Nature Sanctuary.  I did not great photos of the playscape features. However I can say it is tilted to younger children. My four year old loves it. My 7-10 year old kids had some fun but got a little bored after awhile.

One of my favorite views in the city.
The continual effort to improve and conserve the area around the North Pond helps the real estate values along the lakefront in Lincoln Park. I do hope and imagine the owners of luxury units at 2550 N Lakeview take a particular interest in their front yard. The median price of a condo sale at 2550 N Lakeview over the past couple years is $1.9M. 

Thursday, October 10, 2019

Under contract! Logan Square and West Town condos deliver on location

Two of our recent listings are under contract shortly after going to market.

1131 N Ashland #3 is just a WOW place! All photos Eric Rojas, Broker, Kale Realty

1113 N Ashland #3 listed at $749,900 in the Noble Square neighborhood of West Town received multiple offers after the first weekend of open houses.  Despite the relatively challenging fall market we hosted over 25 buyer groups for showings in two days. The contract is currently past attorney review and inspection period and awaiting closing. Check out all the PHOTOS HERE

The open plan living and dining opens directly to the 1,200 sq/ft deck at 1113 N Ashland #3. All photos Eric Rojas, Kale Realty and
About 456 three bedrooms condos in West Town have sold in 2019 up to this date (recorded on the MLS) with a median price of $575,000.

Despite a challenging fall market we secured a contract on a one bedroom condo at 2409 N Sawyer #2 in Logan Square.

After two weeks on the market we secured a contract on 2409 N Sawyer #2 in Logan Square.  The asking price is $211,900 and the contract is now through attorney review and inspection. We are just waiting for closing. This one bedroom condo lives large. Spacious rooms, eat in kitchen, true dining room and great location near all the bars and restaurants of this hot neighborhood.

Video walk-through and more information HERE

About 519 total condo units have sold to this date in Logan Square with a median price of $410,000.  43 one bedroom units sold over this period of time with a median price of $230,000. 

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

Contact us to buy or sell condos in Chicago 
and the surrounding suburbs!