Monday, February 13, 2017

A condo for Cubs fans! 3743 N Wilton #3 in Wrigleyville for sale $419,900... watch the video!



Wow! A three bedrooms, two baths condo with parking and awesome common roof top deck.  Just steps from Wrigley Field and the CTA Red Line at Addison. This large, renovated condo has great space for entertaining.  Enjoy the video walk through and call us to buy or sell more condo units in Wrigleyville, great Lake View and the North Side of Chicago.

Huge, open plan with fantastic kitchen for entertaining.

Amazing 360 degree roof deck views!
3743 N Wilton #3, Chicago IL 60613 for sale at $419,900
Three bedrooms
Two bathrooms
Master suite
Parking included
Private deck off master suite
Huge common roof deck
Awesome bay window area, tall ceilings, great light!
 Exclusively listed by Eric Rojas
Broker, Kale Realty 
2447 N Ashland, Chicago IL 60614
773-510-1597
erojas@kalerealty.com
ericrojasblog.com

Thursday, February 09, 2017

New for sale! Lake View three beds condo with Wrigley Field views $419,900


Oversized bay window and tall ceilings accentuate the living room. Main living area features attractive gas fireplace, recessed lighting and large entertaining space. All photos Eric Rojas, Kale Realty and VHT.com unless otherwise noted.

3743 N Wilton #3, Chicago IL 60613 asking $419,900. 
Three bedrooms
Two bathrooms
Parking space included
Gas fireplace
Security system
New KitchenAid appliances
New washer and dryer
Renovated master bath
Private deck
Huge common roof top deck
New KitchenAid appliances!
 Feel like a World Series Champion in your new Wrigleyville condo! Spacious bright three beds, two baths, deck, and parking space included. Tastefully updated home looks brand new. Large living room, tall bay window with Juliette balcony, gas fire place, huge dining area, recessed lighting and security system. 
 
Kitchen overlooks dining and living area.
Giant updated kitchen with new KitchenAid appliances, fantastic storage and counter space. Private master bedroom suite with glass sliding doors to deck. Renovated master bath, big 2nd bedroom, guest bath and 3rd bedroom give you the space and amenities you need. Show stopping common roof deck with 360 degree views overlooking Wrigley Field and the skyline. 

 
Huge common roof top deck just two flights up from the unit.

Wow! Great views and hear the during the World Series!
 
Master bedroom with sliding glass door to a private deck.
 
Renovated master bath.
 
Good sized 2nd bedroom.
 
Guest bath near 2nd bedroom.
Steps to CTA Addison Red Line, easy to LSD, amazing major new condo developments, hotels, restaurants modernizing the neighborhood! Listen to Jimmy Buffet and Lady GaGa live at Wrigley from the roof deck! The best of Lake View outside your door. Not on train side!

True 3rd bedroom great for den, office or... sports museum!
 
Wrigley Cub's games and concerts are steps away. 
Live in one of the most vibrant and vastly improving neighborhoods in Chicago. 
Home of the World Series Champion Chicago Cubs!

New Cub's plaza, hotels, restaurants and high end residential are improving Wrigleyville and infrastructure.


How cool is this view?!

Wednesday, February 08, 2017

New AT&T store (probably) coming to Lawrence Avenue in Ravenswood, Uptown

1724 West Lawrence retail plaza in Ravenswood neighborhood of Uptown is getting a facelift for a new store. All photos Eric Rojas, Broker, Kale Realty
The Duke's shopping plaza at 1724 West Lawrence in the Uptown/ Ravenswood was sold for $725,000 in 2015. I passed by earlier today to see most, if not all, tenants out and more work going on.  Permits estimated around $300,000 in work  suggest the entire one story retail building is being remodeled for a new AT&T store.  It will be good to see the investment on West Lawrence Avenue continue east of North Ravenswood Avenue. For the record I'm a valued T-Mobile customer since 2001.

New improved street followed by new improved retail.



New modern development coming to Lawrence Avenue, Lincoln Square

One of the bigger Lincoln Square announcements last year was the redevelopment plans for the Sears store at 1900 West Lawrence Avenue, Chicago IL 60625. All photos Eric Rojas, Broker, Kale Realty unless otherwise noted.
Curbed Chicago points out a new development proposal at 2247 West Lawrence in Lincoln Square.  This continues a string of boffo redevelopment announcements along West Lawrence Avenue that picked up significant pace in 2016. 2247 West Lawrence is a bit buzz worthy as the architect Studio Dwell is known for contemporary and modern design. The vast majority of development in Lincoln Square is red brick traditional buildings. 

2247 West Lawrence could be a modern 24 unit addition to a booming Lincoln Square stretch. Rendering above at 47th Ward


Typical new construction mixed use residential condos and apartment design in Lincoln Square.

Read more on Lawrence Avenue development at ericrojasblog HERE

DNAinfo.com with a nice development run down here  

Be in the know at the 47th Ward development pages

Monday, February 06, 2017

Buyers nab Roscoe Village condo asking $575,000 after multiple offers

Our clients viewed a couple of top floor condos on Roscoe street and nabbed one in a multiple offer situation. All photos Eric Rojas, Broker, Kale Realty
West Roscoe Street in Roscoe Village is a highly desirable location on Chicago's North Side.  Two similar top floor condo units our clients viewed in January have been sold in multiple offer situations. Our buyers were not ready to act on the first unit as other buyers put in bids. We spent some more time researching different neighborhoods and units (even single family homes) with our clients. With added market knowledge they acted quickly on the second and almost identical unit that hit the market later in the month.

The three bedrooms condo with large rooftop deck, parking and private elevator at 2151 West Roscoe #2, Chicago IL 60618 is listed at $575,000. After speaking with the listing agent we helped our buyers put together an offer with an escalation clause.  They won the unit without paying too much unnecessarily.

Smart looking newer construction condos, shops, bars and restaurants line the blocks from North Ashland Ave to North Western Ave along Roscoe Street in Roscoe Village neighborhood of North Center, Chicago.
Long live independent shops along West Roscoe Street!
Condos command strong prices on the 1600-2400 blocks of West Roscoe.  56 condo units have sold on these blocks over the last 12 months.  The median price of an attached unit on the eight blocks is $402,000.  The most expensive sale over the past 12 months was a new construction four bedrooms unit at 2250 West Roscoe Unit 2 sold for $1,100,000.   The lowest sales were one bedroom units in the low $200,000 range. Three condo units on the same strip are currently under contract after the first days of showing on the market.

Is "win a lake house" contest a better way to sell?


Me and my oldest son in the lake... live the dream with your own lake house!
Bob sent me this link where I (you) can "win" a privately owned upstate New York lake house "estimated at $750,000".  The catch? It costs about $149.00 to enter and you must write a 200 word essay to be judged by a committee.  


Here's the web site for one such contest.

Basically, it is a clever way to try and sell your home for more than the market will bear by spreading the cost to many parties and offering to donate to charity.  The "win a house contest" is a creative concept on it's own.  The "giving back" and charity angles are a little questionable.  There is a minimum on the amount of entries that will trigger the sale and that dollar amount more than covers the "estimated market price" of the house and the donations.


Several states are prohibited by law from participating in the contest... so it appears some governments may have reservations on this type of "contest".

Saturday, February 04, 2017

Two beds, one bath Lincoln Park condo sales 2016 and more

Buying a two bedrooms, one bath condo (rather than a "two, two") can be a way to get more living space and better finish level while saving a few bucks.  With all the redevelopment to high-end houses and luxury rental units two bedrooms, one bath condo inventory is low. (All photos Eric Rojas, Broker, Kale Realty)
We have a client who is looking to sell her Lincoln Park two bedrooms, one bath condo later this year. It's a rare combination of a small four unit building, an (relatively) affordable unit at around $299K with great deck, in-unit washer and dryer AND garage parking near Diversey and Halsted. No it does not back up to the train! I often suggest clients get a really nice two beds, one bath unit than a smaller "two, two" with less features.

Let's take a look at two bedroom, one bath condo sales in Lincoln Park 2016
80 two beds, one baths condos sold over-all in 2016.  The median price of was $323,000. Wow, compare that with 362 two beds, two baths units with a median price of $436,000.  That extra bathroom will cost you!

The highest two bedrooms, one bath sale in 2016 was 2003 N Howe Street #3N for $526,000. The renovated vintage unit does have an outstanding kitchen but no designated parking included.  The lowest sale in 2016 was 619 W Drummond Place for $210,000. The garden unit had standard gut renovation finish level but no in-unit laundry, outdoor space nor parking.

53 of those sold units included some form of parking (designated or easily rented).  The median for these is still about the same at $327,000. 

Give up a 2nd bathroom and get a better location!
In 2015, 97 two beds, one bath units closed with a median price of $310,000.
2014, 102 units closed with a median price of $315,000.
2013, 78 units closed with a median price of $298,000.

Median price is up about $25,000 since 2013.




Friday, February 03, 2017

Under contract! Jefferson Park buyers jump at "perfect house" (Jeff Park median price up 29% since 2013)

Watch the video walk through of our latest Jefferson Park home listing.  




5201 West Foster, Chicago IL 60630 asking $269,900 received many qualified offers on our first day of showings.  The purchase contract is in attorney review and inspection period. 


A stucco bungalow in a quiet, leafy Jefferson Park neighborhood (photo Eric Rojas, Kale Realty).

 Jefferson Park single family home sales 2016
228 single family homes are recorded on MLS as sold in 2016. The median price is about $296,000 making it one of the more affordable community areas near transportation on the North Side.  In the past few years many low end homes are being scooped up for redevelopment.  I see that median price continuing to trend up over the next few years as newer finished homes sell in the market.

The highest closing for 2016 was 5862 N Luna, Chicago IL 60646 for $705,000.  The new construction home is on an oversized 42'x189' lot. 

In 2015, 210 single family homes closed for a median price of $275,000.
2014, 192 single family homes closed for a median price of $245,000.
2013, 206 single family homes closed for a median price of $230,000

Wednesday, February 01, 2017

Mega landlord Invitation Homes goes public, owns Chicago houses

Our clients rented a home offered by then newcomer landlord Invitation Homes in 2013 in Portage Park.  Around that time we saw many homes in the Chicagoland area bought, fixed up and rented out by the large firm established in 2012.
I watched an interview with the CEO of single family home rental company Invitation Homes on CNBC today.  The company raised over $1.5 billion in Tuesday's Initial Public Offering. Large private equity groups bought up real estate including single family homes after the mortgage and financial crash of 2008.  Typically single family homes were rented by former owners or small private landlords in smaller town areas (think college towns).  

Large private and now public companies buy thousands of single family homes and manage them much like multi-unit buildings.  As a tenant you often face the choice of renting from a private owner who often may live nearby or increasingly from a large corporation. Either can have pros and cons but you can bet that corporation will jack that rent up to the max every year (which in our client's case they have)!

Watch! Foreclosed Lincoln Park "Wrigley Mansion" back on the market, old video interview

Back in 2011 we discovered Lincoln Park's "Wrigley Mansion" was in foreclosure.  When it was listed for sale at $9.5 million in 2012 Joe Zekas and YoChicago.com received access for this fascinating video with one of the residents of the house.





Curbed Chicago has an update story on the new sale listing at $7 million.