Updated kitchen with newer cabinets and stainless steel appliances
hardwood floors on first floor
3rd floor master bedroom
3 bedrooms on second level
back deck and landscaped yard
Finished basement – large rec room!
Great location- steps from Metra, new Mariano’s on Lawrence Ave.
This pocket often gets overlooked — It’s north of Lawrence Ave, and the East Ravenswood historic district is SOUTH of Lawrence… it feels more RAVENSWOOD than Uptown, yet it’s in the 8003 census tract – Uptown. It feels more Andersonville than Uptown, too, but that is generally known to start at 5200 North(Foster) – 8077 census tract.
This lovely section is quiet, charming, close to lots of great amenities, but because it’s not easily described, agents and buyers often don’t include it when looking in a specific neighborhood search.
Chicago Geography Lesson:
We have 77communities, 50wards, 85 zip codes, and (not surprisingly), these are NOT geographically the same!
Generally speaking, real estate agents search by zip codes, census tract areas, or by coordinates (# N/S and # E/W).
We agents can draw maps around areas, such as school boundary areas and historic districts, but when you hear “Uptown” and “Edgewater”, these specifically refer to census areas, not just neighborhoods.
East Ravenswood Historic District was a popular neighborhood in 2013!
East Ravenswood is located in 2 Chicago Communities – Uptown on the north and Lakeview on the south. Because it straddles 2 communities, getting concise market data is a challenge.
The graph below depicts single family home sales over the last 3 years for each of the communities– both neighborhoods have remained strong, but when looking at each one separately, the statistics are very different.
Combined Statistics for the
East Ravenswood Neighborhood
When looking at ONLY DETACHED homes (old and new) in the quadrant bounded by
– 4000-4800 North, and 1400-1900 West –
one can see a more accurate representation of the homes in this district:
There are always lovely homes to be found in the East Ravenswood Historic District – the area known as Graceland West and the East Ravenswood area between Ashland and Ravenswood – Irving Park to Lawrence Avenues.
The home at 4703 N Paulina was originally listed for sale at $899,000 in October, 2010. I toured it then, and I remember thinking it needed some cosmetic attention. After being off and on the market for some time (it was a relocation property), it hit its sweet spot of $ 679,900 on 7/5/12, going under contract 12 days later. It closed at $ 645,000.
The lovely 4647 N Paulina – a “gingerbread” Victorian built in 1886, just went under contract. Sitting on a 25′ wide lot, it’s deceiving in its size. It was renovated in 2005, so it includes terrific amenities, a deep lot, and a finished basement. It’s under contract at $749,000 – someone got a very nice home!
The historic home in East Ravenswood at 4023 N Paulina is a delight to see!
The home was originally built in 1883 and sits on a 50 x 165′ lot. It takes advantage of this oversized Chicago lot size – the house is both wide and deep.
4023 N Paulina was recently rehabbed and it’s in great condition. The thoughtful rehab includes a Christopher Peacock kitchen which overlooks the family room addition.
The new owners will be able to choose where they’d like to have their master bedroom – there is a lovely 2nd floor master suite, but if one prefers having a private third floor suite with office, that is another enviable option.
East Ravenswood is a small neighborhood located between Ashland Ave (1600W) and the Ravenswood tracks (1800 W) between Irving Park Road (4000N) and Lawrence Ave (4800 N). This neighborhood offers vintage historic and new construction homes on oversized city lots – some 165-183′ deep. It’s become very popular in recent years, and residents make good use of the Metra Train line located at Ravenswood and Lawrence.
Homeowners in East Ravenswood can take advantage of the property tax freeze for home rehabs – by investing 25% of one’s assessed value back into the home, the Illinois Preservation Society approves a freeze of the property’s assessed value. These values stay the same for 8 years, then graduate up for 4 more. It can be a significant property tax savings for homeowners.
Also worth noting is the initial rehab investment – it’s based on assessed value which is often less than what the market value – what the buyer paid for the property.
The home at 4023 Paulina was originally listed in May, 2010, for $1,980,000, but it’s been reduced to $ 1,689,000. It was purchased in June, 2005, for $ 1,750,000. The home includes 6 bedrooms and 5.5 baths with a 3 car garage.
For more information about this historic home, or to see vintage houses in Chicago, contact Anne Rossley at Prudential Rubloff (773) 620-5333.
No homes have closed in the last month, but Abbott House is under contract. This historic landmark property was the home of Wallace C Abbott, pharmacist, then founder of Abbott Laboratories. Abbott Labs once owned the home, but later built a replica nearer their north shore facility.
The home was built in 1891 on 5 city lots – in addition to the estate-like home, there is a 1400 square foot renovated coach house on the property. It’s a unique property, and the new owners will surely want to do extensive renovations. This is perhaps part of the reason that the home was listed for sale for so long – it was listed with 2 other realtors for 490 days before Prudential Rubloff was hired to represent the property.
Abbott House was originally listed at $ 2,489,000– today’s list price is $ 1,699,000, and we won’t know the sales price until it closes. The previous owner purchased the property for $ 1,950,000 in 2006.
For information on homes for sale in East Ravenswood, contact Anne Rossley at Prudential Rubloff. Anne specializes in single family homes, particularly vintage and historic homes, and can help provide information on how to save on property taxes with historic home rehabs.
In Chicago’s East Ravenswood neighborhood, only 4333 N Hermitage sold during the last 6 months.
165'deep lot - 40 more than typical
The 1906 5 bedroom 2.5 bath sold after 94 days for $ 620,000. Like most East Ravenswood homes, it sits on an extra deep lot – 165′ deep (30% more land!). These deep lots are a key selling point for homes in this north side historic district. The house was originally listed at $699,900, and after it was reduced to $ 675,000, it went under contract. It closed in August, but nothing else has closed since that date.
While nothing else has closed, one other property has gone under contract. A new home, built in 2006, 4322 N Hermitage is a brick 5 bedroom that was listed at $1,475,000 for 153 days before going under contract. We won’t know its sales price until it closes.
For information on the following homes, or if you’d like to learn more about living in the East Ravenswood Historic District, contact Anne Rossley at Prudential Rubloff.
Anne specializes in selling historic homes on Chicago’s north side.
Is Lakewood Balmoral selling for too little per square foot?
Lakewood Balmoral, the Andersonville Historic District that’s part of Edgewater, has had a few sales in 2o1o under $1MM. At first glance, homes in this neighborhood are selling for a bargain these days, and in fact, seem to be selling less per square foot than similar neighborhoods– Graceland West and East Ravenswood. Why?
In my mind, there’s no better place to live in Chicago, and no better value, than in Lakewood Balmoral:
Location – nearest to Lake Shore Drive, Sheridan Road, Ridge – it’s a breeze to get all around the city from here! It’s easier to get around the city from here than from West Lakeview!
Retail and restaurants are wonderful, and improving all the time — from newly opened Acre to Hopleaf, Jin Ju, Big Jones, Hamburger Mary’s to Scout, Brimfield’s, City Olive, In Fine Spirits, Red Balloon, great food and shopping are steps away.
Conformity – one of the three requirements for real estate value — this means that the homes are similar — not like Lincoln Park or Lakeview with a McMansion next to leaning clapboard 3flat. Wide lots (35′ – 50’wide) and homes built between 1890 and 1912 have been lovingly restored and preserved. Homes on wide lots mean a greater variety of floor plans than the typical 25′ lots.
Because there are so many single family homes with garages, your guests can always find parking, and we are one of the few neighborhoods that doesn’t use permit parking.
Historic Neighborhood Tax Benefits – save money on taxes by preserving your home! Property tax savings for 8-12 years just by maintaining your historic home. Our neighbors are huge supporters and leaders of the Edgewater Historical Society, whose support has been instrumental in the stewardship of these Chicago landmark blocks.
Community – I challenge every neighborhood in the city to beat Lakewood Balmoral for block parties, residents’ council, and neighborhood events such as Fall Fest, the Yard Sale, and more. Neighbors know and support on another. On 9/11/2001, our block gathered in stunned sadness – coming together to mourn those lost. We create educational funds for children whose parents have died, support the local homeless shelter, and promote local small business -retail and restaurants that are owned and managed by our friends.
For a map of comparable properties and analysis of homes sold and homes for sale in Lakewood Balmoral and surrounding neighborhoods (Graceland West, East Ravenswood), download this pdf file.
For information on homes for sale in Lakewood Balmoral, Graceland West, and East Ravenswood, contact Anne Rossley at Prudentail Rubloff.
Next: Why homes seem inexpensive in Lakewood Balmoral.
Many homes are for sale right now in East Ravenswood.
Someone got a great deal on 4120 N Hermitage — listed at $ 545,000, this historic home sits on a 26 x 165′ lot. It needs work, but lot sizes like this are rare in Chicago, and the neighborhood certainly can support a renovation on a home of this price.
One of my favorite properties available right now is 4047 N Paulina. Only four owners have owned this Queen Anne since it was built in 1894. The home sits on a 50 x 165′ lot, and with original stained glass and never-painted woodwork, it’s a fantastic opportunity for the historic home fan.
For information on any of these historic homes in landmark East Ravenswood, contact Anne Rossley of Prudential Rubloff.