Eric Rojas, Chicago Real Estate Broker

Promote Your Page Too

Friday, September 25, 2020

Healthy home sales in the Ranch Triangle neighborhood, Lincoln Park


Ranch Triangle has a collection of vintage and newer homes among several charming short angled blocks. All photos Eric Rojas, Broker, Kale Realty

I visited a client's home in Ranch Triangle on Friday. They may decide to sell their duplex condo. Ranch Triangle is a desirable Lincoln Park neighborhood located near the popular North and Clybourn retail stretch. Many of the homes are hidden away on angled and short blocks despite being in the middle of Lincoln Park hustle and bustle. It has a "tight knit" community feel where neighbors often know each other.  Let's take a look at recent sales. 

Ranch Triangle in Lincoln Park is roughly West North Avenue, North Halsted, West Armitage and the river to the west. Image from Google.com

Ranch Triangle Single Family Home Sales

16 single family homes sold from January 1st through September 24th with a median price of $1.4 million.  1919 N Dayton, Chicago, IL 60614 is the highest priced closing at $4.275 million. The lowest priced sold home is a rare foreclosure sale at 1840 N Bissell for $401,000.  16 home sales over the period was the most unit sales (by one) in the past five years.

-2019 over the same period 12 homes sold for a median price of about $1.6 million. 
-2018 over the same period 7 homes sold with a median price of $1.37 million.
-2017 over the same period 14 homes sold with a median price of about $1.35 million.
-2016 same period 15 homes sold with a median price of $1.52 million

Popular town homes along North Maud

Ranch Triangle Condo Sales (attached and town house units)

Ranch Triangle condo sales have been amazingly consistent over the past five years.
62 condo units (attached units and town homes) sold from January 1st to September 24th. The median price of an attached condo is a beefy $605,000.  1919 N Sheffield Unit 2, Chicago IL 60614 is the highest priced sold unit at $1.72 million.  The lowest sold condo is 1600 N Halsted Unit 2D for $248,000. 

-2019 over the same period 65 units sold with a median price of $550,000. 
-2018 same period 65 units sold with a median price of $543,000.
-2017 same period 71 units sold with a median price of about $554,000.
-2016 same period 67 units sold with a median price of  about $528,500

Despite this year's economic and social challenges Ranch Triangle and Lincoln Park markets have have remained resilient. The location offers some of the best in amenities and housing variety Chicago has to offer.

No comments: