Tuesday, January 30, 2018

Video! Lincoln Square Chicago bungalow under contract!


2227 West Carmen, Chicago IL 60625 for sale $539,900
Check out the Winnemac Park and neighborhood footage we filmed near 2227 West Carmen.  The classic Chicago bungalow is under contract (asking price is $519,900). The house is just steps from popular Winnemac Park. The median price of a house in all of Lincoln Square is $687,000 and $755,000 within four blocks Winnemac Park.  This house is a great value!


We love helping our clients buy and sell in Lincoln Square and few have filmed and promoted the real estate market more than we have over the past 13 years! Watch the great aerial video of the park by Lincoln Square resident Parkwest Media

More photos, floor-plan and property information here.

Lincoln Square single family home sales
132 Lincoln Square community area homes sold in 2017 with a median price of $687,000. Just five years ago in 2012, 98 single family homes sold in all of Lincoln Square with a median price of $480,000.

28 single family homes sold in the Winnemac Park sales area (shown below where 2227 W Carmen is located) with a premium median price of $755,000.

The residential neighborhood around Winnemac Park shown above is popular for its housing stock, community activities and transportation options.  I often dial down to look at micro real estate markets around parks and transportation hubs.

Please contact us to buy and sell property in Lincoln Square, North Side neighborhoods and near suburbs!

Monday, January 29, 2018

Showing homes on North Damen in Lincoln Square



Living on North Damen Avenue in Lincoln Square has pluses and minuses.  Sure there is a little more traffic and noise but you typically get a price discount and you can walk out to shops, restaurants and CTA transportation. All photos Eric Rojas, Broker, Kale Realty
I spent last Saturday morning looking at a gut renovated frame home on North Damen Avenue near West Lawrence in Lincoln Square.  My clients are long-time Lincoln Square multi-unit owners  contemplating rehabbing their building or just buying something else. The bustling street location is not a deterrent for them and they loved the idea of being so close to the CTA Brown Line at Damen for them and their kids.

Traditional (and some grand) frame construction single family homes are mixed in with commercial and multi-unit buildings along Damen Avenue in Lincoln Square.
Only four single family homes sold along Damen Avenue in the Lincoln Square neighborhood over the past 12 months.  Two over-sized (wide) properties sold for development at $436,000 and $470,000.  A newer construction (2007) single family home on a  25' x 173' for $1,030,000.  A really cool gut conversion of brick commercial building sold for 4542 N Damen sold for $1,973,010. The $10.00 bucks probably bought a cabinet pull!


The Perfect Cup has been a treasured neighborhood institution for many years. Coffee shop + train stop = city living! 

Turin Bicycle Chicago is one of many independent shops that line the Damen commercial district near the CTA Brown Line station.
Currently there are two properties for sale. The gut renovated house at 4740 N Damen priced at $799,900 and "tear down" property at 4610 N Damen offered at $850,000.  That property on a 40' wide by 125' long lot has been listed for 1634 consecutive days on MREDLLC.com.


Friday, January 26, 2018

Photos! New Gold Coast building fronting Lake Shore Drive set for construction

We took a few photos of new Gold Coast construction at 61 East Banks Street after condo showings yesterday.
Construction begins at a rare vacant lot fronting Lake Shore Drive in the Gold Coast. A permit was issued for a 58 unit luxury low rise apartment complex back in December. 

The building, at the doorstep of Streeterville and downtown, will feature unobstructed lake views from the roof deck and many units.

 

Open House! Lincoln Square bungalow steps from Winnemac Park

Great house!
OPEN HOUSE
2227 W CARMEN, CHICAGO IL 60625
SATURDAY JANUARY 27TH
11:00AM TO 1:00PM
$539,900
 
This is your chance to buy a move-in quality house at Winnemac Park in Lincoln Square and Chappell School district! Spacious Lincoln Square classic bungalow on wide lot. Check out floor plan! Flexible space, charming arches, crown molding, wood floors and warm traditional finish level. Many important updates! Replacement windows (15yrs), newer roof (6yrs), boiler (2yrs), water heater (4yrs), four built-in AC wall units (4yrs), copper plumbing, updated electrical panel, drain tile in basement.
Large living room, dining room and sun room with attractive arches.
 
Updated kitchen
Great pantry cabinet and enclosed, heated back sun room great for breakfast area, mudroom or play area.
 
Main floor with two bedrooms, full updated bath, large dining room, front sun room addition, spacious dining room, remodeled kitchen (15+ yrs ago) and rear heated sun-room. Deck off kitchen, paver-patio, charming brick garage! Semi-finished basement w/ huge family room, bedroom+ full bath, utility room, laundry/storage room. Usable staircase to unfinished attic with good ceiling height (finish for bedrooms, office, play space!).
 
This would be a great house to move-in and enjoy, expand over the years or completely gut rehab for your dream home near the park.
 
Huge deck off the kitchen!

Finished patio great for entertaining.
 
Location  among high-end homes steps to Winnemac Park, near Ravenswood Metra, CTA Brown Line, Mariano's, "Heart of Lincoln Square"! Move-in quality or fully renovate! Chappell School!
 
Come visit me this weekend to check out this house and learn about other pocket listings and pre-MLS opportunities.
 
Exclusively listed by
Eric Rojas, Broker
Kale Realty
2447 N Ashland, Chicago IL 60614
773-510-1597
 


Thursday, January 25, 2018

Logan Square condo construction dwarfs Table, Donkey and Stick

Many argue with much reason that one story buildings near transit and commercial hubs lack needed density (I agree).  So, why do photos like this make me hate these condo buildings?? Units in 2724 W Armitage (shown to the right) sold for $439,000 to $555,000 in 2016. All photos Eric Rojas, Broker at Kale Realty
We see this from time to time.  A "hold out" property squeezed between new construction buildings.  Sometimes residential, sometimes commercial... always intriguing! We often root for these holdouts... kind of like this guy too.  In this case the Table, Donkey and Stick restaurant occupies the one story, single lot building (opened circa 2013)It has survived new construction condos to the east completed in 2016 and a near completed building to the west.

Sold condos in 2724 W Armitage shown to the east of Table, Donkey and Stick closed for $439,000 to $555,000A large 59 unit building at 2701 W Armitage is in development across the street consolidating the Armitage and Fairfield intersection with residential units. A large loft condo building across Fairfield from this development has existed for many years.

The attractive industrial building (pictured at this link) has been demolished and a construction permit issued for a large rental building at 2701 W Armitage.  
Logan Square along arterial streets Milwaukee and Armitage continues to grow in popularity. Many similar multi-unit developments as 2701 W Armitage have popped up in the last few years alone and rent or sell quickly. Located just a few blocks west of the CTA Western Avenue Blue Line this location is an easy walk to many trendy restaurants and bars.  The strip connects to Bucktown and Wicker Park via walking or bike on The 606 and quick bus rides.


Please contact us if you'd like to buy or sell properties in this Logan Square area or other hot neighborhoods along the CTA Blue Line.  We often have access to "off market" and pre-MLS properties.

 

Tuesday, January 23, 2018

Logan Square single family home sales near "The 606", median price up 76% since 2012

A bike commuter enjoys a snow cleared ride east bound on The 606 last Friday morning (all photos Eric Rojas, Broker, Kale Realty)
We have an upcoming Logan Square single family home listing just one door over from "The 606",  AKA Bloomingdale Trail. The Logan Square portion of the trail is surrounded by old and new cool spots to eat and drink. The housing stock is diverse with original frame and brick workers cottages mixed in with new construction houses and condos. Relatively affordable apartments and condos offered to the market remain but are becoming more elusive.

Here's a quick video of the Bloomingdale Trail  near our listing I took last Friday morning.



Many blocks remain majority older structures while new construction is in high demand. Developers are knocking doors everyday to acquire land to build.  More condo units and apartments are in fact being built on the arterial streets of Armitage and Milwaukee Avenues bringing more likely trail users and diners to the neighborhood.


A modern new build nestled between original workers cottages along The 606 in Logan Square.
I looked at sales a couple blocks north or south along The 606 (and west of Western) to help our client price their single family home for the market.
Logan Square home sales near "The 606" Bloomingdale Trail
About 48 single family homes sold within two blocks north or south of the Bloomingdale Trail in the Logan Square Community area in all of 2017.  The median price of those sold homes over 2017 was $697,500.

The highest sale by far was 2436 W Bloomingdale, Chicago IL 60647 for $2,390,000. The custom double lot modern loft home near the Bucktown neighborhood lives like a modern high-end art gallery.  The lowest single family home sale over 2017 was 1838 N Spaulding for $335,000.  The small brick split-level was in nice shape. However, due to the great demand in the area the home has been renovated and back on the market for $524,500!

Times have changed! Just five years ago and prior to the The 606 the market and prices were much different. In 2012 we were about to start climbing out of the 2008 financial meltdown. 31 single family homes closed in the same sales area with a median price of about $395,000. You could buy just about anything in Logan Square during 2011-2012 years and have big equity today.

Please contact us to find off-market, pre-MLS and newly listed homes or to sell your property this year.

Monday, January 22, 2018

Buy your Chicago vehicle sticker with EZ>BUY and save a penny!

The City sometimes makes paying through the nose easy! I bought my City Vehicle Sticker today from the Chicago City Clerk site and selected the "Long Term" option for two years thinking I would save a little money... I did! One penny! That's right!

Sure it is only one cent but I may be able to insure myself from a price increase for next year.  Knowing my luck vehicle sticker prices will go down in 2019.  Luckily there is no extra fee for purchasing online in this case (that "convenience fee" always kills me).

The Office of the City Clerk site is also the place to search legislation and stream City Council meetings.

 

Friday, January 19, 2018

Oak Park kills Divvy bike share program

My daughter sizing up a Divvy bike Southport Corridor, Chicago
The Village of Oak Park announced this week it is ending it's Divvy bike share service. The village board voted to strike the program based on a cost benefit analysis. 

Long live Divvy.

Pricey Hampdens condos break ground in Lincoln Park

A typical site along West Diversey Parkway east of Halsted in the past year. All photos Eric Rojas, Broker, Kale Realty
Crews were out digging up the first construction phase of the Hampdens condo development in Lincoln Park yesterday. The high-end units speak to the seemingly insatiable demand for new, luxury apartments, condos and houses in Lincoln Park over the past few years. Price is no object for those looking for new, new, new near the lake!

Bob and I have worked in the Diversey/ Halsted area of Lincoln Park and Lakeview for many years with former offices on both Diversey Parkway and North Halsted. Our clients who have bought and sold in the neighborhood have benefitted from the retail and residential development.
We last took a look at the building site before the condos hit market in October 2017.  Condo prices were floated from $900,000 to $3 million at the time.

More Lincoln Park posts HERE

 

We are working with buyers and sellers for spring market NOW!

Our new single family home listing at 2227 W Carmen in Lincoln Square is one of few new home listings hitting the market mid January. Buyer competition for market priced homes and values will skyrocket in February. Choices will me limited so be ready!!
Snow is on the ground but spring market is here now! We have spent January working on buying and home selling plans with our clients. Now is the time to have an idea of the listing preparation needed for your home this season.  We are planning market timing, price, contractor work and moving schedules with our home sellers.

Buyers must be communicating with their mortgage brokers, landlords and real estate brokers.  In this tight and competitive housing market all buyers (cash, conventional loan, FHA buyers, 1031 Exchange) must be ready to jump on a value condo or house.  There will most likely be few options to fall in love in your budget in one calendar year. We are busy getting our clients into new and "off-market" listings after a slow fall season.

Call or email us now to find your condo, house or investment multi-unit in Chicago or the near suburbs!  We offer off-market resources as well as immediate showings to new properties hitting the market.  If you are selling we help plan and manage the work needed to prepare your home for market.  When listed we charge a low commission and are present for all showings and appointments to the home! Why pay more and get less service?