Old Town Triangle area home sales 2012

We've been in Old Town Triangle of Lincoln Park over the past couple weeks preparing a client's home for sale.  Let's take a look at single family home and condo sales in 2012 for this most desirable of Chicago locations.  You can read about the historic area boundaries as written below and many more Old Town Triangle area posts at Yo Chicago

The Old Town Triangle is part of the Lincoln Park neighborhood along Chicago's north lakefront.
It's bounded by North Ave (1600 N), Armitage Ave (2000 N), Lincoln Park and a line drawn from the intersection of Lincoln Ave and Armitage Ave south to Larrabee St (600 W). The line which is the western boundary of the Old Town Triangle generally corresponds to the right-of-way of what was formerly Ogden Avenue.
ZIP code: 60614

The roughly 2 square block radius in East Lincoln Park surrounding Old Town Triangle...a fantastic location in Chicago

We'll use a square shape above to cover the neighborhood between  the major streets of West Armitage to West North Avenue and North Clark to North Larrabee to get a better look at sales and the types of properties available in - and adjacent to - the Old Town Triangle Historic District.

The row houses on the 1800 block of North Lincoln present the opportunity for a great door!

 Single family home and row home sales in 2012 (JAN 1st to NOV 19th


There have been 19 closed single family homes and row homes in the greater Old Town Triangle area so far this year.  The median price was about $1.2 million. This may seem a little low for this location compared to Lincoln Park's median single family home price this year of about $1.3M.  However, the homes in the actual historic district of East Lincoln Park are much smaller on average and often feature less luxury amenity in the historic homes in exchange for the privileged location.

The highest single family home (totally detached) sale this year is $3,133,365 at 1839 N Cleveland.  This was a re-sale of a 2000 built 6 bedrooms home on a 24x125 Chicago lot.  The highest row house sale so far is 1910 N Clark for $1.975 million.  This wider than usual 4 bedrooms row house at 23 feet wide features a rear addition with attached garage and elevator.

Condos (and town houses with condo association)

There are many ways to experience the East Lincoln Park, Old Town Triangle lifestyle.  132 attached condos and town houses closed from January 1st to November 19th this year.  This is a large number of units for this relatively small area and up from the 94 units sold same time last year  This also includes a few high rise buildings along North Clark Street and a small portion of North LaSalle which increase the density of available condos.

Condo Prices
 The highest sale for an attached unit this year was 1813 N Mohawk Unit A for $1,230,000.  The 3000 sq/ft, 4 bedrooms end-unit town house sold within a week after going on the market.   The lowest condo sale in our boundaries so far was a mere $105,000 at 1850 N Clark # 2406 (Hemingway House).  The high floor studio has great city views.  I've gone to a couple terrific events at the Hemingway House party room and sun deck...great views and A+ location to impress friends and associates.

24 condos sold for $200,000 or under.  All but three were in high rise buildings and the assessments that go with them.  The other three were small one-bedroom vintage conversions. The median price for all attached unit sales (132) in the is area is $320,000 this year.  94 units sold with a median price of $395,000 same time last year in 2011.

Row house or high rise... there are many budget options providing the Old Town Triangle lifestyle

YoChicago.com is a very thorough source for unique Chicago neighborhood information...just one of the many reasons I work with them for our property and neighborhood videos.

Old Town Triangle home sales, renovations not for the weak stomach

I stopped by a friend and business associate's single family home renovation in Old Town Triangle last week. We had a good talk about some ins-and-outs of the project and available options. The facade must be maintained and alterations made to Landmark Commission standards. All photos Eric Rojas, Broker, Kale Realty.

Old Town Triangle is a desirable and landmark district neighborhood in Lincoln Park's southeast edge. It's also a relatively expensive place to buy property in Chicago. Further, any renovations and alterations to the exterior of properties face intense scrutiny of the neighborhood association Historic District Planning and Zoning Committee and the Commission on Chicago Landmarks. Check out the guidelines for renovating historic properties HERE

Last week I visited a friend and business associate who has embarked on a renovation in Old Town Triangle. He's a former resident of the neighborhood and professional in real estate brokerage and development. A great working knowledge of the landmark renovation process for this particular historic district and good standing relationships is key to success! The gut renovation and expansion pictured above may justifiably look overwhelming!

While some renovations work through the Landmark Commission process with little fanfare other projects in this tiny burg can bring out the worst in people.  Here's a story from Block Club and a filed Fair Housing discrimination lawsuit associated with another Old Town Triangle alteration.

Earth is dug out to extend the size of an Old Town Triangle home. It's no small task to dig out basements and pour new foundations!

"Extended" Old Town Triangle sales area.

Sixteen detached properties (single family homes) sold over 2019 in Old Town Triangle.  The median price of a sold detached property was about $1.6 million. 

The highest price sold house was 1824 North Cleveland, Chicago IL 60614 for $3,860,000. 

The lowest priced detached property sold at 1639 North North Park, Chicago IL 60614 for $662,500. That's about $200.00 per square foot for the opportunity to gut rehab an historic home 😃

Currently there are sixteen homes for sale in Old Town Triangle with a median asking price of $1.8 million. As always... contact us if you are buying or selling in Chicago and would like our resources on your side.

Blast from the past!

Clients buying in Old Town Triangle: Property sales this year

The quintessential Old Town Triangle property! All photos Eric Rojas, Broker, Kale Realty

Old Town Triangle in Lincoln Park is one of the most desirable neighborhoods in the city.  For one it's located close to the lakefront and easy to downtown.  But the overwhelming allure is in the historic district properties and remaining brick paved streets. It's a neighborhood where you may sacrifice luxury, space and suffer some quirks just to "be there".

A detached two-flat property at 304 W Concord, Chicago IL 60614 is for sale at $475,000 offered by the lovely and professional Amy Arnold, Kamberos Associates... a bargain for the neighborhood.  The traditional cottage style home is currently has (2) one bedroom apartments rented out.  The catch? It's adjacent to a larger multi-unit building and the short lot does not have alley access and backs up to another property's backyard. You have an unofficial easement to reach the back alley.

My long time clients and native Chicagoans viewed 304 W Concord in Old Town Triangle last week.  The Lincoln Elementary school district is a top priority along with a highly walkable location.  They would live in the property themselves and convert the small two unit building back to a single family home. Like anyone, they have to weigh the construction costs and quirky lot vs living in their most desirable dream location.

Find yourself in ye Olde New England village!

Old Town Triangle Residential Property Sales (non high-rise) January 1st - April 15th, 2015

Extended Old Town Triangle area: Clark to Mohawk and Armitage to North Ave.

13 residential properties have sold thus far in 2015 in Old Town Triangle area above. The median price for a property is about $525,000.   In 2014, 11 residential properties sold during the same period for a median price of about $450,000.

Square footage is at a premium so you have to adjust your expectations at $500,000.  All the properties sold this year were either attached homes (condos/town house) or multi-units.  We have not had a single family home change hands this year (recorded on the MLS). 

Two 3 flat multi-unit buildings sold.  A brick three-flat at 1922 N Sedgwick closed for $1,175,000 and another brick three flat at 1839 N Orleans sold for $1,610,000 in a multiple offer.  Bother were attractive vintage buildings.

Under Contract
There are currently 20 properties under contract.  They are all attached units or multi-unit buildings and prices range from $290,000 to $3.5 million.  The $3,500,000 property is a new construction penthouse condo listed at over 4,300 square feet. 

Take a video walk-through of our past Old Town Triangle row house sale at 1826 N Lincoln.  One of our all-time favorite homes!

Old Town Triangle has a message for you (sales stats too)

In case you forgot...  wash your damn hands!       (All photos Eric Rojas, Broker, Kale Realty)

There have been a bevy of inspirational messages posted in windows and on front gates around Chicago. These homeowners in Old Town Triangle neighborhood of Lincoln Park care about your safety.  Message heard loud and clear.  I also love the red door.

Brick sidewalk and a red door, messages in the window... charm for days.

Old Town Triangle sales area I use to compare stats over time. If choosing a house apples to apples in size for my family this is probably my top location in Chicago. Not going to happen (and Lincoln Square is just fine too). 

Only one single family home has sold in Old Town Triangle first quarter of 2020 (January 1st to March 31st). 438 West Eugenie Street sold for $4,100,000 cash before being listed on the MLS. Do yourself a favor and flip through the photos. I feel it's one of the more attractive home renovations I've seen in awhile. Five single family home properties sold over the same time frame in 2019 with prices ranging from $665,000 to $1,900,000.

A typical frame house in Old Town Triangle proper. The buildings and lots tend to be smaller in the true historical potion of the neighborhood.

A good handful of single family homes will be available at any time in the greater Old Town Triangle luxury market of Chicago. However one sold (closed) home in any three months period is a rare low number.  Five homes are currently under contract with asking prices ranging from $1,250,000 to $1,875,000. 17 homes are listed for sale. Most have high market times (they've been on for awhile). Only one home was listed NEW in the last two weeks. Three homes have been put on temporary status which means they are unavailable for showings. 

A pretty condo building in the middle of Old Town Triangle

Thirty-three condo units (attached units) have closed from January 1st to March 31st, 2020.  The median price of a closed condo is about $431,000. Only 26 condo units sold last year over the same period with a median price of about $257,500 (the median price suggests high-rise units on North Clark and small vintage condos made up the bulk of sales first quarter 2019).

Twenty-six attached units sold in 2018 with a median price of $338,000
Twenty units sold same period 2017 with a median price of $323,000
Twenty-five units sold in 2016 with a median price of about $390,000

Two rare gut renovation projects in Old Town Triangle

This eye catching red frame home on 200 Block of West St. Paul and Crilly Court gets a full gut renovation (All photos Eric Rojas, Broker, Kale Realty).

 

 I took a stroll around Old Town Triangle afte lunch at Nookies last week and noticed a couple interesting gut rehabs.   Old Town Triangle may be the most exclusive enclave on the North Side of Chicago.  Historic and charming as you wind through the tony brick paved streets Old Town Triangle is a lifestyle commitment.  You are a part of something special. And you pay for that.

General Old Town Triangle boundaries (map produced on MREDLLC.com, Eric Rojas, Kale Realty)

In the past 12 months the median price of an Old Town Triangle area detached single family home is about $1,500,000.  The median price of a small multi-unit property (2-4 units) is about $800,000 over the same period.  The 4 multi-unit sales were all on undersized Chicago lots.  The median price for attached condos and town homes (excluding high-rise buildings) is over $600,000.

A current gut renovation project on the 300 Block of West Menomonee at North Orleans.

The homes and property lots on average tend to be smaller, thus, price per square foot in this fantastic location a bit higher than what you will get east of North Halsted Street in Lincoln Park.  The condition of some of the homes may be more vintage and original due to various landmark restrictions.

The 300 block of West Menomonee (gut rehab on the far left).

Lincoln Park Single family home sales up 29% for 2012

Our year started and ended with contracts in Lincoln Park... and we'll start off 2013 listing a Landmark District row house in Old Town Triangle.  Let's see how single family home sales (including row houses) did in the popular Chicago Community Area of Lincoln Park this year.

New construction in East Lincoln Park found plenty of buyers this year (Photo, Eric Rojas at North Lincoln Ave, Wisconsin Street and North Lincoln Park West)

 Total Lincoln Park area single family home sales

182 homes have closed from January 1st to December 26th 2012 in Lincoln Park. Only three homes sold for under $500,000 (two were row houses and another a frame home on a small lot of Old Town Triangle).  The median price is about was about $1,250,000.

Unit sales are up 29% over the same period of 2011 (141 units sold).  The median price over the same period in 2011 was also $1,250,000.

The good, the bad and the ugly

The highest closing this year was 1956 N Orchard for $5,300,000...a double lot (50'x124') 7 bedrooms, 6.5 baths 2001 build. 4 homes sold for over $4 million and 5 homes sold for over $3 million. 

The lowest sale was 319 W Concord Place for $412,000.  The small frame home in Old Town Triangle sat on a 24'x98' and did have two outdoor parking spots on the property (included parking can be a rarity in the Triangle especially at this price). Seems like a pretty good deal even if a tear down.  The only minus being that it backed-up to a parking lot for a mid-rise building... but for this east Lincoln Park location, that's no big deal.

Only 11 of the 182 recorded sales were distressed properties (either short sale or REO, bank owned). 

Density for the few: Median asking price for new Old Town condos about $2.5 million

The pricey condo development at the corner of North and Clark in Old Town. All photos Eric Rojas, Broker, Kale Realty

We took some construction pictures of Old Town's new high-end condo before and after the holiday season.  Fifteen Fifty on the Park is a 32 unit new construction condo building  just steps from historic landmark Germania Club building, Chicago History Museum, Latin School and Second City. Not to mention all the great Wells Street restaurants and the lakefront.  BuildingUpChicago.com has photos and info of the old structures and preservation on the site.

Germania Club building (with a lively Starbucks) in the foreground.  The 1550 N Clark Street construction crane looms high over the busy corner. 

There are presently 6 units listed on MLS starting at $1,625,000 for a 2 bed/2.1 bath 2300 SF to $5,650,000 for a 4 bedroom/4.1 bath 4518 SF penthouse unit. Heated garage parking is an additional $66,000 per spot. Check out the listings at Realtor.com

The desirable Latin School of Chicago is across the street from the new condos.  Our kids have played some basketball at the school over the past year.

Enjoy cultural events across the street at the Chicago History Museum

Check out just a few of our property sale videos nearby in Sandburg Village, Old Town and Old Town Triangle over the years. 

Old Town charmers!

 Martha's Vineyard or Old Town?

Happy Friday! We were doing some business near Old Town Triangle and snapped a few Blackberry photos. These cottages make life a vacation in one of Chicago's (and the Midwest's) most unique communities!

Mellow yellow

The Triangle is a luxury to be enjoyed. 

"Private" Crilly Court and vintage Lincoln Park row house sales

The concrete post at the end of Crilly Court reads "Crilly Court: Private". The row houses along the west side of 1700 N block of Crilly Court rarely change hands. All photos Eric Rojas, Broker, Kale Realty

I found myself in Old Town Triangle of Lincoln Park on the Friday of Polar Vortex 2019 looking at a couple properties with a client. The sun really lifted my spirits! Despite the cold, Chicago vintage row houses look great in the white snow and sun.  I passed down the small "private" one-way block of Crilly Court that is home to impressive vintage row houses. While walking by I checked when the last time any row homes had sold on the block.

The last two MLS sales I could find on the block are as follows: 1718 North Crilly Court sold in 2012 for $1,200,000 and 1700 North Crilly Court (a corner unit) sold for $1,420,000 in 2010. 

A vintage one-way block of Crilly Court between West St. Paul and and West Eugenie in Old Town Triangle.

Lincoln Park Row House sales 2018
About 22 vintage Lincoln Park row houses sold over 2018.  The median price was approximately $1,200,000.  The highest sold row house by a long shot was a stunning renovation at 2704 N Lakeview for $4,750,000. The 10,000 sq/ft home was previously bought in 2016 for $1.8 million.

2704 N Lakeview (door shown far left) was bought in 2016 for $1.8M and sold late 2018 for $4.7M after an impressive and extensive renovation.

The lowest priced vintage row house to sell over 2018 was 1818 N Lincoln Avenue for $830,000. The Parisian style decor harks back to another area.  1818 N Lincoln is part of a row house group where we sold 1826 North Lincoln several years ago.

Contact us to sell and buy homes in Lincoln Park and greater North Side Chicago and suburbs. We offer the most competitive full service broker commission rates when selling, pre-market opportunities when buying and 25 plus years of experience in real estate transactions. Don't get ripped off!

Video! Old Town Triangle historic row house for sale $949,000 (NOW under contract!)

UPDATE:  Under contract in 1 day! Take a walk-through of our new listing at 1826 N Lincoln Avenue in Chicago's Old Town Triangle. Sublime Lincoln Park location in Lincoln Elementary School district.  The updated corner Victorian row house has new baths and kitchen, a true backyard (paver patio), finished basement living space and coveted 1.5 car garage. 



Click the link if problems with playing video

This is a fantastic value for East Lincoln Park.  Architecture, location, outdoor space, style and updates...have it all!  The current owners recalled to us their summer evenings drinking wine on their deck and then strolling the Nature Boardwalk.  Simply fantastic.

Your new front yard

Details:
3 bedrooms
2 full baths, 2 half baths
1.5 car garage
Spacious, bright master suite with large closets, new shower and vanity
Wood burning fireplace
New kitchen
2 new baths
New large Trex deck (no maintenance) over backyard
Large sun room with heated floors
Finished basement space
Taxes $12,174

More Lincoln Park posts HERE


Please note, unrepresented buyers will need proof of funds or mortgage pre-approval, subject to verification, prior to any potential showing appointments.

Sales, visiting the Pointe in Lincoln Park

I stopped by our client's home Sunday at The Pointe in Lincoln Park to consult on some home improvements. We represented the new owners in their purchase into this massive and successful development in a prime Chicago location: Just steps to Lake Michigan and the Old Town Triangle district.

I took this shot at the corner of Lincoln, Armitage and Sedgwick. You could do worse! Gorgeous entry arch and landscaping leading to a courtyard of several homes.

Here's a shot of some of the larger town homes along Lincoln.

Sales:
With a median price of $785,000 for the 1995 built development of condos and town homes, you might say membership is privileged. In the past twelve months, there have been ten closed units recorded on our member MLS at The Pointe. The highest closed listing was a five bedroom town home for $1,465,000 in the spring. It looked to be a combined unit and had two kitchens... very rare for a town home.

The lowest closed listing was $444,000 in late summer for a pretty original two bedrooms, two and one-half baths duplex.

You are HERE:

If you are looking for duplexes or town homes in Lincoln Park, we feel these types of homes are values right now over typical simplex condo living. We help our clients get pre-approved and find value. Our clients bought into The Pointe at the lowest price of the year by $50K!

Under contract in Lake View, Lincoln Park and Ravenswood

From time to time we show some examples of properties we've recently either sold as listing agents or we represented clients as their buyer's agent.

Lake View Condo:
We are the buyers agent on 2842 N Burling #2, a huge one floor condo on the border of East Lake View and Lincoln Park currently under contract (the list price was $619,000). Great location near the new Trader Joe's on Diversey Parkway and the many new and old boutique shops and restaurants...like the new Ann Taylor Loft (shown below).

Lincoln Park Town House:
Our buyer client did alright on this sublime location.  Now under contract, 1833 N Hudson Unit G, asking $339,000, is East Lincoln Park at it's best..a stone's throw from the lake and Old Town Triangle.  The town home pictured below has two bedrooms up, two full baths, a main floor open living room/ kitchen and a lower level family room and PARKING.

The town homes at 1833 N Hudson in Lincoln Park

 Under Contract in Ravenswood/ Andersonville:
We listed this two bedrooms, one bath top floor condo at 5027 N Hermitage #3 for sale at $239,000.  It's just recently under contract.  This is a great location, very close to the very cool Andersonville shopping and entertainment district as well as Winnemac Park.

The living room at 5027 N Hermitage

Under contract in 1 day: Lincoln Park row house in historic "Triangle"

Our clients received and accepted an offer within 24 hours of listing 1826 N Lincoln for sale last week (asking $949,000).  It speaks to the current demand for homes in prime locations. The contract is now in attorney review. We anticipate a successful transaction.

Our listing at 1826 N Lincoln is located in landmarked Old Town Triangle

 

More info and watch the video tour HERE

More of our property videos HERE