Wednesday, September 29, 2021

Sold! Clients buy Lincoln Park townhouse near all the shopping (Market stats too)

We recently helped our clients buy 1810 N Fremont # 10, Chicago IL 60614 for $660,000. We viewed and secured the home prior to listing going on the open market! The townhouse development is located in the Ranch Triangle area of southeastern Lincoln Park known for is proximity to boutique shops and restaurants as well as big box retail and services along North Clybourn Avenue. All photos Eric Rojas, Broker, Kale Realty unless otherwise noted.

We've been busy in the Lincoln Park neighborhood this entire year. The neighborhood is desirable as ever and real estate demand seem to have no end.  We recently helped our clients purchase a Lincoln Park townhouse. Our clients were the first buyers to see the property "Pre-MLS" and offered immediately. In fact only half the buying couple saw it! They had lost out on at least two previous properties in multiple offer situations and were pumped to avoid competing with other buyers. 

The entrance to 1810 North Fremont townhomes in Lincoln Park.

Lincoln Park Townhouse sales

Townhomes are attached units but do not have a neighbor above or below. Townhomes are typically the closest thing to a single family home you can experience if a single family is out of the budget or the maintenance/ location of a house is not desirable to you. Some have condo associations with monthly assessments while others may be "fee-simple" and do not have the restrictions or shared maintenance of a condo association. I prefer a fee simple townhome that gives me the flexibility to rent out if desired.

-230 Lincoln Park townhomes sold so far this year (January 1st to September 24th, 2021). The median price is about $690,000. Only 157 townhomes sold over the same period of 2019 with a median price of  $709,900.

-36 townhomes are currently under contract with a median asking price of $689,900. 

-Want to live in Lincoln Park? You're in luck.  50 townhomes are currently for sale with a median asking price of about $779,000.

*Remember! We're full service buyer and listing Brokers. Please contact us direct at erojas@kalerealty.com to buy and sell property in Lincoln Park and the greater Chicago area*

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