Sold! North Center two-flat $579,900

4146 N Campbell, Chicago IL 60618 sold for $579,900 by Eric Rojas, Broker, Kale Realty erojas@kalerealty.com
All photos property of VHT.com or Eric Rojas, Broker, Kale Realty

We recently sold our North Center listing at 4146 North Campbell, Chicago IL 60618 for $579,900... list price. This great value listing received multiple offers. The well kept building features super clean two apartments with two bedrooms, one bath each. MORE PROPERTY DETAILS HERE 

Contact us at erojas@kalerealty.com to buy or sell Chicago properties... we have access to pre-MLS and off market, private listings!

The nice seized backyard and two car garage are in great condition.

North Center well kept, super clean brick two-flat in highly rated Coonley and Amundsen neighborhood school districts! This building is in the Accessory Dwelling Unit pilot area with huge potential to add an  additional apartment!

More photos HERE

Both apartments two beds, one bath, SEPARATE HVAC (gas furnaces and central AC!!), separate water heaters, separate electric. Replacement windows throughout (older but in great shape). Roof, HVAC all 20yrs or so. 30' wide x 116' lot, nice yard and two car garage in great condition. Amazing tranquil location near Lane Tech and DePaul Prep high schools. 

Many parks and river walk paths are located just steps from 4146 N Campbell in the North Center neighborhood of Chicago.

Very special neighborhood just east of Horner Park and north of Revere Park... boarding the North Branch River and river walking paths. Easy access to grocery stores, Roscoe Village restaurants, services. Steps from Rockwell businesses (Burning Bush Brewery, veterinarian, dog boarding) and close to Bradley business center (Gold Fish, Climb Zone, Bradley Fieldhouse, Windy City Ninjas, IK Gymnastics and more!). Move-in and add value, rent both units or develop into single family home in one of Chicago's best neighborhoods!

Pre-MLS! Ravenswood Manor bungalow, four beds, awesome finished basement with wet bar

 

4445 N Sacramento is an attractive bungalow in Ravenswood Manor (all photos Eric Rojas, Broker, Kale Realty. Use only with permission.)

Coming soon! FOR SALE, Pre-MLS single family home in the Ravenswood Manor neighborhood. This great looking four bedrooms brick bungalow (three main level, one basement) with finished basement, two full baths, two car garage and many updates hits the market this week! Waters Elementary School district.

-Tons of space on main level, finished basement (and unfinished utility area) and huge unfinished attic with staircase

-Three good sized main floor bedrooms

-Two good sized and updated bathrooms

-Perma-Seal, sump pump and drain tile
-New garage roof (2 car garage)
-New water heater
-Cosmetic updates and painting
-New basement flooring and wet bar

-Waters School District

-Back yard and patio

-Move-in quality home!

Floor-plan

Beautiful foyer with coat closet

Huge living room with tons of windows and light

Large dining room great for gatherings

Older but efficient and functional kitchen.

Wow! huge finished basement with bedroom and bonus room (office, bedroom, play room)

Sharp and super cool wet bar!

Beautiful block and neighborhood!

More off-market properties at my Facebook site

4445 N Sacramento, Chicago IL 60625 asking $649,900!

Exclusive listing:

Contact Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

erojas@kalerealty.com

Coming soon! Old Town two bedrooms, two baths condo with attached garage parking

 

227 W Scott in Old Town. This well kept boutique building has only 12 units, elevator and garage parking! All photos Eric Rojas, Broker, Kale Realty.  

PRE-MLS! Our new listing at 227 W Scott, Unit 2W, Chicago IL 60610 will be hitting the market in a few weeks around $409,900. This two bedrooms, two baths condo is on the third story, has three walk-out balconies, in-unit washer / dryer, fireplace and concrete between floors. We met with our contractor this morning in the fantastic Old Town location to begin listing preparation. We're excited to get this home in tip-top shape for showings! 

The 1999 built boutique elevator building features only 12 units, assigned garage parking, exterior storage unit and sits on a unique, quiet cul-du-sac street in the middle of Old Town action!

Old Town Condo Sales January 1st to August 12th, 2022

Restaurants, cafes, rooftops, amenities, groceries and transportation all at your fingertips in Old Town

Greater Old Town features a diverse condo market including high-rise units, town homes, vintage walk-ups and luxury new construction buildings. About 461 Old Town condos (attached units. town homes) closed from January 1st to August 12th of this year.  The median price of a sold condo is about $425,000. 

Unit sales are up about 50% over same period 2019 (pre-pandemic) where only 305 condos sold. 2022 median price is up about 10% over 2019 median price of $387,000.

About 150 two beds, two baths condos sold in Old Town over the same period with a median price of $459,000. 

The highest sale price in Old Town this year is 1550 N Clark Unit 803 for $2,600,000. Fifteen Fifty On The Park is the newest Old Town luxury building completed in 2020-2021. 

227 West Scott, Unit 2W, Chicago IL 60610 is exclusively listed by:

Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

312-939-5253

erojas@kalerealty.com

For more content and sneak peeks at Pre-MLS listings go to my Facebook Page 

City of Chicago sees slowing real estate activity in June 2022, prices still up

Chicago Association of Realtors City of Chicago numbers show the slowing real estate action in June 2022 (year over year).  New listings, existing listings, closings were down.  Median prices were up slightly and market times were down. 

The grip of rising mortgage interest rates may have slowed purchase activity and closings year over year. However this has been little relief to Chicago buyers facing high home prices and stiff buyer competition.  

Anecdotally speaking it remains difficult to secure single family homes for our buyers without a a multiple offer bidding war. New listings may be up about 6% this June compared to last but June/ July trickle of expensive listings is still frustrating for buyers.

Wilmette single family home sales - High end market takes off

 

Our clients are looking to move from Chicago to Wilmette for a larger yard. All photos Eric Rojas, Broker, Kale Realty.  

We've been hot on the trail of Wilmette single family homes priced in the $900,000 to $1.2M range this year. Despite acting quickly and aggressively each purchase offer we've made has resulted in a multiple offer situation. We suffered a loss just last weekend. Rising interest rates have not seemed to affect demand in this price-point...yet. 

Let's take a look at recent Wilmette single family home sales. 

Wilmette Single Family Home Sales January 1st to June 25th (year over year)

$2,000,000 is a mere drop in the bucket for Wilmette lakefront homes. All photos Eric Rojas, Broker, Kale Realty.

162 single family homes have sold in Wilmette from January 1st to June 25th of 2022.  The median price of a sold home is $900,000. Thirteen homes sold for over $2M. That's only two less than the past five years combined (same period year over year).

The highest priced sold home sold this year is 1330 Chestnut Avenue, Wilmette IL 60091 for $4,950,000.
The lowest priced sold home this year is 535 Leclaire Avenue, Wilmette IL 60091 for $292,600.

How do the 2022 first-half sales stack up against the pre-pandemic market? 

In 2017, 195 homes sold with a median price of  $710,000. One home sold over $2M.

In 2018, 209 homes sold with a median price of about $815,000.  Seven homes sold over $2M.
In 2019, 186 homes sold with a median price of $619,000. Interestingly no homes sold over $2M

The pandemic hit in the middle of spring market 2020. 

Over January 1st to June 25th of 2020 only 140 homes sold with a median price of $720,000.  Three homes sold over $2M. Over the same period of 2021... when the real estate sales phenomenon really hit...  a robust 227 homes sold with a median price of  about $865,000. Four homes sold over $2M. 

Under Contract! Lincoln Square condo on convenient North Damen Avenue

 

The condo building at 4856 N Damen, Chicago IL 60625 in the Lincoln Square/ Ravenswood neighborhood.

We recently helped our awesome clients secure a two beds, two baths condo with garage parking along the North Damen Avenue commercial district of Lincoln Square. 4856 N Damen Avenue #2 is asking $429,900. We once again faced a multiple offer situation in this tight market. Our clients made a swift, strong and professional offer. After some negotiations the sellers accepted our offer and were now cruising to the closing.

The 4800 to 5000 blocks of North Damen Ave feature newer construction condo buildings and convenient shops, cafes and restaurants. The Damen Brown Line is two block away. 
 

The Damen corridor is popular among condo buyers (condo/ attached units/ townhomes). The median price of a condo sale along the 4600-5200 Blocks of North Damen in Lincoln Square is a hefty $485,000 over the past 12 months.  The highest priced condo sale is 4854 N Damen Unit 3 for $881,950.  The three bedrooms new construction penthouse features a walk-out roof-top deck.

The lowest priced condo sold over the last 12 months is 4737 N Damen, Unit 2F for $317,500. 

Andersonville condo sales steady year over year (new duplex-down listing coming soon!)

 

We'll be listing a three bedrooms duplex-down condo at 5135 N Ashland later this week. The great looking home is located just steps from popular Andersonville restaurants, shops, bars, services and awesome street fests! 

Here's a look at Andersonville condo sales (attached units, townhouses) so far in 2022.

5135 N Ashland is located just around the corner from iconic Andersonville businesses like Hopleaf and Simon's as well as the Swedish American Museum. 

For Andersonville sales comparison purposes I use the area from North Broadway to North Ravenswood and West Argyle to West Bryn Mawr. The area is is in close proximity to the attractive North Clark Street retail district.

Andersonville condo sales

72 condos sold in the greater Andersonville sales area above from January 1st to June 3rd, 2022. The median sales price of a condo in this area is about $365,000 this year.  The highest price for a sold condo is $895,000 at 1721 W Berwyn #3, Chicago IL 60640 . The four bedrooms, two and one-half unit featured a huge walk-out roof deck and garage parking.

19 three bedrooms condos sold with a median price of about $620,000. 

37 two bedrooms condos sold with a median price of about $355,000

15 one bedroom condos sold with a median price of  about $210,000. 

Same period (year over year) condo sales January 1st to June 3rd

2022, 72 condos sold with a median price of about $365,000

2021, 77 condos sold over the same period with a median price of about $365,000

2020, 50 condos sold with a median price of  $351,000

2019, 64 condos sold with a median price of about $355,000

2018, 57 condos sold with a median price of about $310,000

All statistics pulled from MREDLLC.com 
All listings mentioned here are exclusively listed by 
Eric Rojas, Broker, Kale Realty

2447 N Ashland, Chicago IL 60614

312-939-5253

New for sale! Bucktown three bedrooms condo with huge private deck, two car parking $539,999

1653 W Cortland #2 features a spacious living room leading to 200 sq/ft walk-out private deck.

 

Check out our new Bucktown listing at 1653 West Cortland #2, Chicago IL 60622. Asking $539,999.  The three bedrooms, two baths home features a huge walk-out deck and two car (tandem) parking.  

Exclusively listed by Eric Rojas, Broker - Kale Realty

2447 N Ashland Chicago IL 60614 - erojas@kalerealty.com

Check out the 3D tour link for walk-through! BUCKTOWN 3 beds condo with fantastic walk-out deck and two car parking (tandem). Spacious and open living/ dining area, gas fireplace. Living room opens to huge almost 200 sq/ft private south facing deck for amazing indoor/ outdoor living. Large kitchen area with new range, new counter tops, backsplash and renovated island all in 2022. New refrigerator 2020. 

Love, love, love this open airy kitchen and dining areas!

Primary suite with Juliet balcony, WIC, ensuite bathroom in marble tile, dual sinks, dual shower heads, and body massage sprays. 

In-unit laundry w/large capacity w/d. Large 6'x10' exterior storage closet in basement. Freshly painted, new outlets, light fixtures, dimmers (2022), building roof maintenance (2020), rear metal stairwell painting and new landings (2020), NEW AC unit (2020), building sealing (2022). One block from the 606 Trail & Walsh Park, 2 blocks to Armitage Metra (new station renovations!) and the new Lincoln Yards development! Unique and charming block close to Blue Line and all Bucktown has to offer. 

-Property tax successful appeal, tax savings of $2,900 per tax year 2021-2023. 

-Monthly assessment $225.00. 

-Self managed building. 

-2 pets okay, no weight limit.

-Rentals allowed, minimum 6 month lease. 

-Boutique four unit building, 100% owner occupied. 

Charming block with local shops, restaurants and bars steps away.

Super tight Ravenswood Gardens / Ravenswood Manor home sales market

Ravenswood Gardens and Ravenswood Manor neighborhoods are popular for their vintage custom homes and leafy riverside location close to CTA Brown Line transportation. 

Our clients are prepping their home for sale in the Ravenswood Manor neighborhood of the Albany Park Community Area.  The greater area of Ravenswood Gardens (east of the river) / Ravenswood Manor (west of the river) is known for it's custom over-sized bungalows, Craftsmans and stately stuccos. Let us not forget the riverside views, local businesses and great schools.

Ravenswood Gardens / Ravenswood Manor sales area. 

So far in 2022 only five homes have sold in the Ravenswood Gardens / Ravenswood Manor neighborhoods.  About 45 Ravenswood Gardens/ Ravenswood Manor single family homes sold over the past twelve months. The median price of a home sale during that time is about $815,000.  

Currently there are only two homes actively for sale in the above pictured area, both listed at over $1.6M.  Only two homes are currently under contract. Active listings, contracts and sold units reflect incredibly low inventory for this spring market!

Recent home sales:

2021: 44 single family homes sold with a median price of about $800,000

2020: 38 single family homes sold with a median price of about $650,000

2019: 39 single family homes sold for a median price of $650,000

2018: 34 single family homes sold for a median price of about $790,000

2017: 34 single family homes sold for a median price of about $787,000

2016: 39 single family homes sold for a median price of about $620,000

Did you buy a house around 2010? If so you're house wealthy

 

The sun has been shining on home ownership over the last decade

A recent report by the national Association of Realtors researches shows homeownership brought tremendous wealth gains over the past decade:

• A homeowner who purchased a typical single-family existing home 10 years ago at the median sales price of $162,600 is likely to have accumulated $229,400 in housing wealth
• Total housing wealth rose $8.2 trillion from 2010 through 2020, with 6.3 million more new homeowner households.
• From 2010 through 2020, the metro areas with the greatest increase in middle-income homeowners were Phoenix, Austin, Nashville, Dallas, Houston, Atlanta, Orlando, Portland (Oregon), Seattle and Tampa.
• The aggregate value of housing wealth rose across all income groups, but those in the high-income group gained 71% of the increase in housing wealth.

If you bought just about anything in Chicago in over 2010-2012 you are doing really well on re-sale.  This is not always the case.  Often too many people look at their home as an investment rather than where they really need or want to live.  However it is undeniable you have a chance to gain wealth over time by owning your home. You almost always get something back when selling real estate after holding for a little while... never the case when renting.