Sold! Lincoln Square penthouse condo with full roof deck $950,000

 

Unobstructed Welles Park views from the front terrace at 2405 W Sunnyside, Unit 5S, Chicago IL 60625 in the Lincoln Square neighborhood. All photos Eric Rojas, Broker, Kale Realty

We recently helped our client purchase a top floor new construction condo in Lincoln Square. Our downsizing couple wanted a top floor unit in an elevator building; "the best". With little re-sale inventory available in the area we turned to buildings in development.  We were able to view and secure the three bedrooms, two baths home with full rooftop deck the day it hit the open market.  The eight residential units at 2405 West Sunnyside sold out quickly. 

Our clients appreciated the finish level and design.  They did not have to pick anything out... a plus for them. The developer and listing agents worked with us on several important modifications to accommodate the buyers.

The unit features a full side roof deck with interior staircase and dry bar on the landing. The park and surrounding views are unobstructed with a clear shot of the Chicago skyline. Although we conducted the final walk-through on a rainy morning I still spent a few moments up there!

View of the skyline from 2405 West Sunnyside Unit 5S in late February.

Three bedrooms or more condo sales in Lincoln Square

77 attached units with at least three bedrooms (condo, townhouse) sold in the last 12 months in Lincoln Square. The median price of a sale is about $665,000. 

The highest priced sale in the last 12 months was 2307 W Foster Avenue Unit 3, Chicago IL 60625 for $1,180,000. The lowest three bedroom condo sale was 5445 N California Unit 1B, Chicago IL  for $212,000.

Eight units sold for over $900,000 over the last 12 months.

Questions on new construction or re-sale purchases? Need real estate related vendors, lenders or attorneys? To sell or purchase condos, single family homes, multi-units and land in and around Lincoln Square and all neighborhoods of Chicago please reach out to Eric Rojas, Broker, Kale Realty at erojas@kalerealty.com.

SOLD! Lincoln Park two beds, two baths high-rise condo with open kitchen and views

 

Renovated kitchen open to the huge living room. All photos Eric Rojas, Broker, Kale Realty
View photos and details of 2626 N Lakeview, Unit 2012, Chicago IL 60614 sold for $400,000

We recently listed and sold a fantastic two beds, two baths condo at 2626 N Lakeview, Chicago IL 60614 in Lincoln Park. Our clients are on their way to the burbs! We helped plan and execute key renovations to the bathrooms in addition to minor repairs and fresh painting.  We received a couple quick offers and our client accepted an offer just over full price at $400,000. This well run building has an A+ location with amazing recreation, dining and services steps from the door!

Views of Diversey Harbor from the unit

2626 N Lakeview condo sales over the last twelve months

25 units have sold in the building with a median price of about $250,000.  The median price of two bedroom, two bath units specifically is about $385,000. The highest priced unit has three beds and two and one-half baths closing at $540,000. The lowest priced unit has one bed and one bath and closed for $126,000. Currently there are two units under contract with Unit 2103 asking $695,000.Two condos are for sale in the building including Unit 2703 asking $825,000.

- Median price for a two beds, two baths Lincoln Park high-rise condo is about $420,000.

- The median price for a two beds, two baths condo sold in all of Lincoln Park over the last 12 months is about $610,000!

Contact me for more information!

Eric Rojas, Broker

Kale Realty

2447 N Ashland, Chicago IL 60614

773-510-1597

erojas@kalerealty.com

Sneak peek! New, spacious Lincoln Park high-rise condo with lake and city views (not on MLS)

 

Spacious living room with Diversey Harbor and city views.  

Sneak peek! Wow factor! Take the 3D Tour!  2626 N Lakeview, Unit 2012, Chicago IL 60614 will be hitting the public market early this summer asking $399,900. The two beds, two baths high floor corner home features fresh paint, renovated open kitchen, refreshed baths and awesome closet space. It's all about lakefront living in this gorgeous Lincoln Park condo. 

Asking $399,900. Taxes $6,474.85. Monthly assessment $1,236.39 includes 24/hr doorman, heat, water, cable, Internet, common insurance, maintenance, sky deck. Large laundry facility. Fitness room, outdoor pool and valet garage parking all on premise for extra fee.  

Amazing lake and harbor views from the living room. 

The building features outdoor swimming pool, fitness room, 24hr doorman, valet garage parking and renovated lobby. Photo link here

Huge windows provide city views as far as the eye can see.

Large space for dining table in this light and bright unit.

The open kitchen and huge peninsula island look over the living space.

Modern open kitchen with large widow.

Great setting to work your kitchen magic.

The primary suite has wrap around windows with 180 degree views and walk-in closet.

Refreshed primary suite bathroom.

2nd bedroom with awesome views and walk-in closet.

Outdoor rooftop pool!

Primary bedroom suite views.

Northwest city views from the living room.

Exclusively listed by

Contact me for more information!

Eric Rojas, Broker

Kale Realty

2447 N Ashland, Chicago IL 60614

773-510-1597

erojas@kalerealty.com

Lincoln Park new construction condo sales, median price $1.3M

 

A new construction condo building rises on the 400 Block of West St. James Place this spring in Lincoln Park. There is no active listing for this project. We do the footwork to find out the sale details for our clients for listed and unlisted new construction. All photos Eric Rojas, Broker, Kale Realty

We have clients looking exclusively for a new construction condo in Lincoln Park. Buying new comes with a premium. Searching for new construction also requires a lot of networking with developers and agents as many units will go under contract before hitting the MLS. When using a general MLS search we can add new construction classification to the criteria.

• 17 condos (attached unit and townhomes) listed as new construction in our MLS (MREDLLC.com) have closed in the first quarter of this year (January 1st to March 31st). The median price of a sold new construction unit is about $1.3M.
• In the entire year of 2024, 25 attached new construction condo units closed over with a median price of about $1.5M. The least expensive unit to sell was a two beds, two baths at 2559 N Marshfield #2 for $759,000.
• 9 new construction condos are currently listed for sale with asking prices ranging from $899,000 to $3,500,000.  I've identified another five or six new construction projects listed on MLS Private Network. Additionally, there are unlisted projects going up and in development.
• 15 condo units are currently listed as under contract on the MLS from $739,000 to $3,350,000. 

Lincoln Park high-rise condo sales this year, 50+ unit buildings

We'll be listing a two beds, two baths condo in one of Lincoln park's popular high-rise buildings this spring. The unit overlooks Lake Michigan and Diversey Harbor. High-rise living by Chicago's lakefront is a distinct and fulfilling option for those looking to take advantage of city living while enjoying an active, outdoor lifestyle at your door front!

2626 N Lakeview in Lincoln Park.

Lincoln Park high-rise condo sales (50+ unit buildings) Jan 1st - March 26th, 2025

42 high-rise condo have sold in buildings with 50+ units from from January 1st to March 26th of this year.  The median price of a sold unit is about $310,000. Condo units with at lease two bedrooms sold with a median price of about $425,000. 

Over-all median price is up about $20,000 over same period of 2024.  Units sales are down about 10 condos from same period 2024. 

While the purchase price of Lincoln Park high-rise condos trend below those in smaller buildings the monthly assessments and amenities of each building vary greatly. It helps to use a good lender's spreadsheet to input all the variables included (or not) in the assessment.  Common factors are mortgage principal, interest, property taxes, utilities, fitness room, parking and insurance.

The North Pond early this month just steps from 2626 N Lakeview in Lincoln Park. There is no comparison to having our beautiful lakefront, trails, ponds and amenities outside your door! 

Contact me at erojas@kalerealty.com to buy or sell in Lincoln Park and surrounding neighborhoods.

Illinois residential real estate sales trend up late last year

I mostly post about our local city markets.  Looking at more macro trends in the state can help form our client strategy. Unit sales were trending up late last year. My guess is we'll have an active early spring despite stagnant mortgage interest rates.

We spend a lot of time in January doing research for our clients. Many are planning to buy, sell or rent a property early this year. I've been posting some local neighborhood stats and looking at over-all trends. Unit sales and median price were up in Illinois late last year.

December official numbers are not out yet (maybe tomorrow). However, November numbers in Illinois were up. Most interesting was unit sales have trended up year over year. Despite mortgage interest rates trending in the higher 6% range, inventory and sale loosed up a bit. We also saw an over 7% jump in median price of a sold residential property!

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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

Lincoln Park condo sales fourth quarter 2024

Photo of one interior at 1307 W Wrightwood, Lincoln park by Eric Rojas, Broker, Kale Realty 

New year, new condo buyers! Let's take a look at one of our favorite markets to work... Lincoln Park!

Lincoln Park Condo (Attached Unit, Townhouse) Sales Fourth Quarter 2024
220 condos sold in Lincoln Park from October 1st to December 31st last year. Median price for a condo sale was $590,000. That's a jump form 172 unit sales over the fourth quarter 2023. 

The highest priced condo sale in fourth quarter was 2035 N Orleans St Unit PH-W, Chicago, IL 60614 sold for $4,500,000.

The lowest priced condo sold was 2626 N Lakeview Ave, Unit 410, Chicago IL 60614 for $126,000 (cash).

Our local MLS and Illinois Realtors sales numbers showed an increase in residential unit sales over the fourth Quarter of 2024 across the state and Chicago Metro Area. Illinois residential unit sales were up 2.8% in November year over year. Chicago Metro are sales were up 2.9% in November with the median price of a sold residential property up 7.8%. That bucked the recent trend of decline in total unit sales due to low inventory and relatively high interest rates. 

Contact Eric Rojas, Broker to buy or sell

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

https://www.facebook.com/chicagorealestatelocal

First Lincoln Square condo sells for over $1M (but median price for attached units slips)

 

A top floor unit at 4854 N Damen in Chicago's Lincoln Square neighborhood has sold for $1,057,000. It appears to be a record price. Photo Realtor.com and VHT.com

Last week I looked at Lincoln Square condo sales specifically on North Western Avenue.  I buried the lead! An attached condo sold for $1M for the first time in Lincoln Square. There had been a couple new construction units closed at $940,000 in 2021 (the precious record) but nothing over a million until this summer.

4854 N Damen Unit 3, Chicago IL 60625 sold for $1,057,000 earlier this year. The "duplex-up" penthouse features a 2nd floor family room and amazing walk-out terrace. It appears to be a record price sale for any attached unit (condo, townhouse) listed on the MLS in Lincoln Square. Despite the milestone, overall median price of a sold attached unit decreased 3.5% year over year. This could be due to high mortgage interest rates putting pressure on overall pricing or simply lower-end options becoming more readily available on the market.

Lincoln Square Condo Sales
Overall 240 attached units (condo and townhouse) have sold in Lincoln Square from January 1st to December 6th this year. The median price of a sold attached unit is about $351,000. Attached units with two bedrooms have a median of $320,000.  Units with three beds have a median of  $570K.

Surprisingly the median price for a sold Lincoln Square attached unit dropped 3.5% year to year from $364,000 in 2023 to $351,000 in 2024.  Median price for an attached unit same period in 2022 was $315,000 and $308,000 in 2021.

Eric Rojas, Broker

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

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Lincoln Square condo sales on North Western Avenue reach $850,000

Condo buildings along Western Avenue in Lincoln Square

My contractors and I made a visit to a client's Lincoln Square condo yesterday on Western Avenue. She needed help installing a closet system. I pulled our crew over from a nearby renovation to get it done quickly with no worries nor charge (we are grateful for our clients!). She bought the newer construction two beds, two baths condo unit with parking space for $299,900 six years ago. The idea was you get a newer, nicer condo for a discount due to the busy Western Ave.  A similar unit in the building just sold for $400,000. She's not only comfortable but in a great equity position.

Lincoln Square condo sales on Western Avenue

Western Ave condo development has been popular due to it's central location in Lincoln Square. City zoning also allows for larger buildings and less parking spaces when in range of the CTA Western Brown Line (Transit Oriented Development). The corridor is a great opportunity to add much needed housing units. 

Eight Lincoln Square condos have sold in the past 12 months with a Western Avenue address.  The median price of a sold condo is a hefty $550,000.  That's just the buildings listed on Western Ave. Several condo buildings that front North Western use a east/ west side street address (psssst we still know it's Western).

New construction condo building facing North Western Avenue but has a
West Farragut Ave address 😉

The highest priced condo sold with a western address is 5442 N Western Unit 3A, Chicago IL 60625 for $832,000. The four beds duplex-up has terrific outdoor space. There is a higher sale in a building listed on West Farragut (but faces Western Ave) for $859,570. 

Contact Eric Rojas, Broker to buy, sell, rent real estate in Chicago

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

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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

Lincoln Square house median price over one million dollars (Chicago)

The median price of a single family home in Lincoln Square Community Area is about $1,050,000 this year. When we moved to Lincoln Square permanently in 2007 the median price of a sold home was $615,000.  I've watched many changes in Lincoln Square to the streets, business, schools, politics... and the real estate!

Lincoln Square area map via Chicago Cityscape The area sprawls West Montrose to West Peterson and North Ravenswood all the way west to the North Branch Chicago River. 

95 single family homes  have sold from January 1st to November 15th, 2024. The median price is about $1,050,000.  Seven single family homes have closed over $2M and one house closed for $3.8M.

Over the same period last year (2023) only 75 homes closed with a median price of about $1,020,000.  

Homes in the furthest northwest portion of Lincoln Square sell for considerably less than those in the southeast portion. Proximity to the CTA Brown Line, Metra and retail/ shopping has much to do with the value discrepancy. For instance, homes NORTH of West Foster Avenue and WEST of North Western Avenue have a median closed price of about $561,000. While homes SOUTH of West Foster Avenue and EAST of North Western Avenue have a median sales price of $1.2M.

To buy, sell, rent or if you have nay questions involving real estate (attorneys, condo associations, improvements) please reach out to me! Ask Eric!

Eric Rojas, Broker

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

Recent Albany Park single family home sales

 

Kedzie CTA Brown Line station in Albany Park 4648 N Kedzie, Chicago IL 60625. This strip of Kedzie has slowly churned out retail and residential developments despite it's fantastic proximity to transportation. Homes just east of North Kedzie have higher value than homes west of Kedzie in the Greater Albany Park Community Area. All photos Eric Rojas, Broker, Kale Realty

A client will need to sell her parents long time single family home in Albany Park Community Area. We looked at the immediate comparable sales for the house based on location, condition, current market trends and client goals. I also checked out recent sales in greater Albany Park.

Albany Park single family homes sales January 1st to October 31st.

Brick bungalows in the eastern portion of Albany Park

95 single family homes have sold in Albany Park from January 1st to October 31st, 2024.  The median price this year is $520,000. Over the same period of 2023, 96 single family homes sold with a median price of $518K. Two year sales are as even as you can get in any Chicago community area.

In 2022, 115 single family homes sold with a median price of $550,000. The high amount of closings and high median price are a reflection of the low mortgage interest rates of 2021 and 2022. The low rates were a supercharger especially for relatively affordable neighborhoods further out from the Chicago lakefront.

In 2021, 133 homes sold with a median price of $495,000

Values can swing from eastern Albany Park's Ravenswood Manor neighborhood along the river to the western edge near North Pulaski Road. 

Over the past twelve months 18 homes sold in the smaller area of Albany Park east of Kedzie. The median price of a closed house is $800,000.  90 single family homes closed west of Kedzie with a median price of $465,000.

To buy and sell Albany Park properties and real estate all over the North Side, Loop and near suburbs contact:

Eric Rojas, Broker

Kale Realty

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

Rented! North Center three beds, one bath apartment with huge deck! $2,550/ month

 

The living room at 4022 N Western, Unit 2, Chicago IL 60618 All photos and exclusively listed by
Eric Rojas, Broker, Kale Realty 

. 
We recently helped our client lease a North Center three bedrooms apartment to great tenants. The two-flat building features a restaurant on the main level and an apartment on the second floor. We advised on needed updates and repairs to receive top monthly rent and arranged contractors to do the work. We found a perfect fit for the property owner through local advertising on our social media channels and our tenant application process.

North Center rental prices over the last twelve months

The median price of a one bedroom rental in North Center is about $1,700 per month. A unique 1,800 sq/ft loft with garage parking rented for as high as $3,600 / month.

Two bedroom rental apartments have a median price of $2,200 / month. 

Three bedrooms or more units have a median rent price of about $3,600 a month (this includes single family homes). The lowest priced single family home rental over the past twelve months is $3,800 / month.

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

Lincoln Park CVS Pharmacy torn down for condos

A hot location in Lincoln Park will trade a CVS for a six unit condo building with retail. Housing demand remains high on the North Side as Chicago continues to build multi-units in replace of one story retail. All photos Eric Rojas, Broker, Kale Realty

The Lincoln Park CVS building at 401 West Armitage, Chicago IL 60614 has been torn down and cleared to make way for condos.  I walked by the site at West Armitage and North Lincoln Avenue in eastern Lincoln Park last week and then read the story by Chicago Yimby. According to the report the new building with feature four stories, six residential condo units and two ground floor retail units. 

Attached condo/ townhouse sales in Lincoln Park

-The median price for a sold two bedrooms condo over the last 12 months is $500,000. 
-Bump up to three beds and the median sold price sky rockets to $835,000. 
-A four beds or more attached unit (condo and townhouse) has a median price of  $1,1750,000.

Feel free to reach out to me to find or sell your North Side property in Lincoln Park, Wicker Park, Bucktown and many other Chicago neighborhoods. Median prices are up year to year... do you know what your property is worth to sell or rent? My team has an expert for you. 

Eric Rojas, Broker, Kale Realty - erojas@kalerealty.com 

Median rent for a two bedrooms apartment in Lincoln Park, Chicago is $3,000/ month

Lincoln Common in Lincoln Park (shown here on Monday of this week) is a sexy rental and retail development on the former Children's Memorial site.  All photos Eric Rojas, Broker, Kale Realty

The median monthly rent for a two beds apartment in Lincoln Park over the last twelve months is $3,000. A three bedrooms apartment has a median rent of $4,200.

I was in Lincoln Park this past week looking at relatively higher-end rentals for a client moving to the city. We passed the Lincoln Common Apartments entrance at 2345 N Lincoln Avenue, Chicago IL 60614. Rents at Lincoln Common Apartments are listed from $2,600 to $12,500 a month on Apartment.com. Affordable apartments are also offered to qualified candidates based on income and other factors.

I've written about the Lincoln Common development several times in the past. It was built on the former Children's Memorial site. The old Children's Hospital and location is near and dear to our hearts... my wife has worked with Children's (and now currently named Lurie Hospital)  for over 22 years. My old office was around the corner.  We loved our time in Lincoln Park.

To buy, sell or rent in Lincoln Park and most Chicago and near suburbs please contact my team at erojas@kalerealty.com  

Visit my business page for recent posts, off market listings and more www.facebook.com/chicagorealestatelocal

The curse of Jimmy's Pizza: Still waiting for 40 units

A 40 unit residential building development at 5159 N Lincoln was approved about three years ago in 2020.  The existing building was torn down and the site remains vacant. All photos Eric Rojas, Broker, Kale Realty

I continue my look at multi-unit development around the square. The former home of Jimmy's Pizza in Lincoln Square remains vacant three years later.  The rental apartment building will offer 40 residential units and two retail units. The transit oriented development (TOD) will have only 20 parking spaces and over 20 bicycle parking spots. More details HERE  Considering the rent prices and multiple offers on many rental units in the area we can use the apartments!

The former building at 5155-5159 N Lincoln Avenue. 

Jimmy's of course has moved on to a larger home at Montrose and Western near Welles Park.  We love the new spot for pizza and beer after our kids' game days/nights but it's farther from our house.

Crowded at the top price-point for Lincoln Park home sellers

 

Many classical, ornate and limestone homes line Lincoln Park streets.  However, the high-end sales have slowed this year. All photos Eric Rojas, Broker, Kale Realty

Only four of the top 20 most expensive homes on the market in Lincoln Park are under contract. All of the top 20 homes listed are priced at $4 million and up.  The most expensive Lincoln Park listed home is 1932 N Burling at $27,900,000.  The Burling home originally listed in 2016 at $50 million and has a cumulative market time of 2,508 days. Plenty had been written about the house starting in 2016.

From January 1st to October 18th of this year eight $4 million dollar homes and up have closed on the MLS.  Last year during the same period fifteen homes sold for over $4 million dollars.

Chicago home sales plodding along through 2023

 So... what's happening?? Chicago sellers are still in a pretty good spot!

-During the recent housing boom of 2019-2022 the City of Chicago saw all City median price raise +24% (reported by Crain's Chicago Business). Soooo if you bought a $400,000 home in 2019 it may sell today for $500,000.

-Low inventory and 7% interest rates (to slow inflation) slowed unit sales in 2023

-2023 Year to date Closed Sales for ALL Properties in the City of Chicago is down almost -19%

-2023 Attached Unit median price (condo, townhouse) is even with last year

-2023 Detached Single Family Home median price is down -7.7% over the same period of 2022

In our personal experience we see many of Chicago's most active markets are seller's markets. Late summer median prices were up month over month with plenty of "multiple-offer" situations in neighborhoods like Lake View, Lincoln Park, North Center and Lincoln Square.

Interest rates may come down a little in the coming months but I feel low inventory + pent-up demand will keep asking and sales prices steady. Chicago (and much of the country) doesn't have a very good solution to the inventory problem as homeowners hang on to their 2% and 3% mortgage rates while affordable unit development does not keep up.

Please contact me at erojas@kalerealty.com to help you plan, buy or sell a home in this market. Questions... just ask!