Logan Square single family home median price up 100% over ten years ago

Large traditional homes in Logan Square, Chicago

I recently met with clients at their Logan Square home. I worked with them as their buyer's agent during the the supercharged 2021 season. They asked me to come by and consult on home improvements and it's affect on re-sale value. I'm always eager to provide prospective to my clients before big decisions! 

Logan Square Home Sales

200 Logan Square single family homes were sold on the MLS from January 1st to November 22nd this year.  The median sales price is about $1,080,000. The median is slightly up from the same period last year ($1,012,000). It does mark two straight years Logan Square single family homes have hit the $1M median price mark.

In 2021 - when my clients bought their home - about 300 single family homes sold with a median price of $880,000. 

Over the same period in 2014 the median price of a single family home in Logan square was $529,000! In ten years the median price is up over 100%.

Eric Rojas, Chicago Real Estate Broker with Kale Realty

Over $100M sold! Have a question... ask Eric!

Kale Realty 2447 N Ashland, Chicago IL 60614 in Lincoln Park

Illinois Licensed Real Estate Broker No. 475.126105

Fair Housing Opportunity

erojas@kalerealty.com

PH: 773-510-1597

Two-flat to four-flat sales in Logan Square (small multi-unit)

 

Two, three and four flat buildings line West Wrightwood Avenue in Logan Square (all photos Eric Rojas, Broker, Kale Realty)

A client of ours recently inquired about Logan Square two-flat. He's looking at it purely as an investment. A good number of multi-units still sold in 2023 despite the increase in mortgage interest rates.  One could argue in this time of inflation, higher mortgage interests rates and low inventory there will be more demand for apartments. A live-in owner can get a better location and expect high demand for their extra apartments.

In 2023, 86 two-flat units closed for a median price of $585,000. 28 three-flats sold with a median price of $667,000 and 16 four-flats sold with a median price of $1,040,000.

A total of 166 small multi-unit buildings (two-four units) sold in 2019
A total of 158 small multi-unit buildings (two-four units) sold in 2020
A total of 249 small multi-unit buildings (two-four units) sold in 2021
A total of 191 small multi-unit buildings (two-four units) sold in 2022
A total of 130 small multi-unit buildings (two-four units) sold in 2023

The stock of  small muti-unit buildings in Logan Square (two, three and four flats) continues to provide ownership options for Chicago home buyers and investors. Multi-unit properties can provide a lower entry purchase price and more flexibility than single family homes. Live in one unit and rent the other units. Live in and possibly run a vacation rental in another unit. Eventually move out after several years and rent the whole building. Add another unit if zoning or the recent ADU ordinance allow. 

There have been recent legislative initiatives to preserve small multi-unit buildings in parts of Logan Square. These ordinances act to stabilize multi-unit stock and ultimately put a small check on rising list prices. If looking for a bustling neighborhood with public transportation options a Logan Square multi-unit may fit the bill. 

Eric Rojas, Broker, Kale Realty

ericrojasbog.com - erojas@kalerealty.com

Possible record year for Logan Square house sales (median price $875,000)

 

Waiting in line early this month to view a Logan Square open house (all photos Eric Rojas, Broker, Kale Realty).

Our clients recently secured a single family home purchase is Logan Square. They previously lost three competitive bids to buy a house.  The last Logan Square house they bid on had 15 offers over the weekend!  This is a familiar story this season. We stuck with it and worked hard every day! Our clients are closing on a house just steps from popular Logan Square restaurants, shops, bars and the CTA Blue Line.

Let's take a look at Logan Square single family home sales this year and compare that to the last few years.

A community garden on North Whipple near Palmer Square Park

The Logan Square Community Area is diverse in neighborhoods and housing options. The area includes the historic boulevard , parts of tony Bucktown and the Palmer Square neighborhood. Home values can vary throughout community area but the whole of Logan Square has been hot! Unit sales and median price may be all time highs.

The year to year median price of a closed single family house from January 1st to may 28th is the highest in Logan Square's history ($875,000) that I can tell. The median price over the same period in the last "peak market" of 2007/2008 was $680,000.

Logan Square Single Family Home Sales Jan 1st to May 28th, 2021

116 single family homes have closed so far this year.  The median price of a closed house is about $875,000. Only 83 "pandemic" affected homes had sold Jan 1st to May 28th in 2020 with a median price of $780,000. 2021 median price is up over $100K over same period in 2017!

2021: 116 homes sold with a median price of $875,000

2020: 83 homes sold with a median price of $780,000

2019: 89 single family homes sold with a median price of  $738,000

2018: 101 single family homes sold with a median price of  $820,000

2017: 98 single family homes sold with a median price of  $725,000

Please reach out to us to purchase or sell a property in this exciting market. The prevailing mortgage interest rates have made owning your home or investment property more affordable than most realize. 

Just sold! Avondale / Logan Square condo with rooftop deck $460,000

 

The private rooftop deck at 3104 N Kimball Unit 3N Chicago IL 60618. Unit photos courtesy of listing agent Nancy Gaspadarek, At Properties and VHT.com.com unless otherwise noted. We represented our overseas buyer in the purchase sight unseen!

3104 N Kimball, Unit 3N Chicago IL 60618 sold for $460,000. We represented the buyer. 

Get everything you want in Avondale! Our overseas client bought this top floor newer construction condo sight unseen. We sent personal video perspectives of the traffic, street life and rooftop views to give them the best feel of the home possible.  Amazing outdoor space was crucial to our buyer and this home delivers. Check out more photos and information here.

Beautiful finish level and bright east and south exposure.

The two beds, two baths condo with garage parking features a private rooftop deck with interior access. The home is just a half-block from the CTA Blue Line at Belmont. You are a short walk to the heart of Logan Square businesses, bars, restaurants and the Logan Theatre. 

Main bedroom with contemporary en suite bathroom.

Contact us to purchase or sell condos in Avondale, Logan Square and other desirable Chicago neighborhoods. 

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!

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 VHT.com

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

ericrojasblog.com

erojas@kalerealty.com

773-510-1597

Contact us to buy or sell condos in Chicago 

and the surrounding suburbs!

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. 

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.

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

"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!

Sneak Peek! Logan Square large one bedroom condo for sale $211,900

The boutique corner condo building features four residential units and two offices.

Check out the walk-through of 2409 N Sawyer #2, Chicago IL 60647 asking $211,900. We'll list the condo on the MLS after Labor Day.

Take a quick video walk-through!


This is a large unit with great room sizes. The hottest of locations you can walk to all the Logan Square action from your quiet street. CTA Blue Line? Check! Bars? Check! Restaurants? Checkaroo! 

2409 N Sawyer #2 asking $211,900
One bedroom
One bathroom
Separate dining room
Great light
Central AC and heat
Laundry in basement
Shared deck off kitchen

Spacious living room and dining room. Dining area can be converted into second bedroom.

Living / dining rooms.

Large kitchen with room for a table.

Kitchen with pantry closet. Small deck off the kitchen.

Bedroom with organized closet.

Bedroom. Great light throughout the apartment.

Good sized bathroom in great shape.

Shared deck space off the kitchen.

Community garden on the block!

Exclusively listed by Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

ericrojasblog.com

erojas@kalerealty.com

773-510-1597

Massive "Logan Apartments" development taking shape

Paulie Gee's may have some new regulars soon!

I'm in Logan Square a lot these days. On Tuesday I passed by the biggest of many surrounding developments to check on the construction progress. Logan Apartments development is taking full shape. The massive 220 unit mixed-use development has taken on it's form and we can now see the aesthetic impact to the surrounding area. The 2500 block of North Milwaukee has a bit more cavernous feel.

The same viewpoint when construction began (below) and this week (above)

New listing coming up in Logan Square

2409 N Sawyer is a rare, intimate four unit condo building. Unit 2 is a large one bedroom unit with great windows and west light in the late afternoons.

Sneak peak at BEFORE photos! The home will be freshly painted and in tip top shape for listing after the Labor Day holiday.

The home has a spacious living room and dining room. The flexible space allows for many uses including dining room/home office or easily create a second bedroom if needed!

I met our contractors last week at a new listing. We're helping our out-of-state client get their Logan Square condo ready for sale. We've advised on improvements prior to listing and have managed the contractors doing the work here in the city. 

The large kitchen has room for a high-top table.

The large one bedroom, one bath condo will be on the market for the first time in nearly 15 years! This is a great location near the historic Logan Boulevard and all the bars, shops and entertainment of Chicago's hottest neighborhood.

Popular bars and restaurants steps away.

Keep posted for the fresh look and sale details this week!