North Center is Hot! Hot! Hot!

North Center is Hot! Hot! Hot!

Chicago’s North Center neighborhood

has been a terrific investment over the last 5 years!

 

During the last 5 years, families have moved into North Center to take advantage of great CPS neighborhood schools:

alexander bell elementary schoolAlexander Bell  (website)

coonley elementaryAvery Coonley (website)

audubon elementaryAudubon (website)

Statistics about home sales

in North Center:

    • # of Home Sales (2015) are up 62% since 2010
    • Median Sales Prices (2015) are up 39% since 2010
    • In June, July and August, 2016 alone, 246 homes closed vs 227 in 2015!!!
    • Their average price was $1,201,975 in J/J/A 2016
    • The average % sold to list price was 98.8% in J/J/A 2016

Click on the Graph Below to see prices throughout the last 5 years…

Thinking about buying in one of these school districts?

Check out homes in each of the elementary school districts…

Click on the photo or link below to find homes for sale in Bell, Audubon, and Coonley Elementary School Districts

Homes for sale in Bell District

Homes for Sale in the Bell School District

Homes for sale in Audubon District

Homes for Sale in the Audubon School District

Homes for Sale in Coonley District

Homes for sale in the Coonley District

Thinking of Selling your North Center Home?

 

Here are some options for learning about your North Center home’s value…
Resources for CPS Families – PIN by 11/28, application by 12/9/16:
If you would like to be put in contact with a parent from a particular school,
I would be happy to make an introduction- 
email me today!

Contact Anne today to learn more about North Center Homes for Sale!

Email her today!

Chicago Real Estate 60618 – Single Family Homes

Update on Chicago Home Sales

60618 Zip Code

chicago 60618 Zip code map

As of today’s post, 160 single family homes are for sale in Chicago’s 60618 zip code. They range in price from $159,000 to $ 2,599,000.

The following chart shows median sales prices for the 60618 zip code area – it’s interactive- feel free to explore!

Prices – 87.8% of Jan 2009 Levels 

As of this month, median sales prices of homes ($495,000) are 87.8% of the January, 2009 median price level of $ 565,000.

 

Market Times – Lowest in Over 5 Years

The average market time hit its peak in October, 2009, when it took 175 days to sell a house in 60618. Last month, the average market time of 54 days was the shortest in over 5 years!

 

Inventory – Extremely Low!

It’s a Sellers’ Market!

At the worst of the market (January, 2009), there was over a year’s worth of homes for sale. This has steadily declined, and since February, we’ve been hovering between 2.7 and 2.8 months of homes for sale.

Lenders consider 6 months a stable market, so you can see, we’re WELL BELOW that 6 months threshold!

Find homes for sale TODAY by selecting this link:

Homes for sale – Chicago’s 60618 zip code

To find out what your home’s worth,

contact

Anne Rossley

Baird & Warner

773-620-5333

Anne Rossley

Vintage Homes for Sale – Chicago Historic Properties

 

lakewood balmoral historic district

New vintage homes for sale – built 1880’s  – early 1900’s — there are some great historic properties for sale on Chicago’s north side neighborhoods

Tour New Listings  – Vintage Homes for Sale

Select this link

Make an appointment NOW to see Chicago homes for sale!

Anne Rossley

chicago vintage homes-historic property

3627 N Bell

4 Bedroom / 4 Bath

$1,149,000

2124 eastwood

2124 W Eastwood

Lincoln Square 3 Bedroom 2 Bath

$589,000

3757 bosworth

3757 N Bosworth – 2 blocks from Blaine

$769,000

3 Bedroom   2.1 Bath

3024 hamilton

3023 N Hamilton

4 Bedroom   3.1 Bath

$1,199,000

1915 wolfram

3752 N Wayne – Greystone in Blaine School District

$1,895,000

5 Bedroom 3.1 Baths

2454 winona

2454 W Winona

3 Bedroom 3 Bath

$699,000

See Recently Listed Historic Homes for Sale on Chicago’s North Side

    PriceRmsBRBA
833WLakesidePL$650,000732.1
4710NHamiltonAVE$629,000741.1
2454WWinonaST$699,000933
3044NClybournAVE$418,000633
1915WWolframST$1,185,00093.13.1
3024NHamiltonAVE$1,199,000943.1
1750WGraceST$624,900742
3730NHermitageAVE$765,0001042
3757NBosworthAVE$769,000732.1
5457NWayneAVE$1,395,0001253.1
2124WEastwoodAVE$589,000832
3528NDamenAVE$599,900932.1
3627NBellAVE$1,149,0001044
1738WNewportAVE$595,000632
3752NWayneAVE$1,895,0001153.1

Want to see more properties?
Ready to begin your historic home search?

Contact

Anne Rossley!

773-620-5333

Email Anne Rossley

Anne Rossley Chicago Real Estate Broker

Best Chicago Neighborhood – Upper Middle Class ?

As a StreetAdvisor contributor, I have been considering how to answer the question,

What is the best upper middle class neighborhood in Chicago?

This is a loaded question, indeed!

Here are the reasons I CANNOT answer the question:

  • What’s “upper middle class”? Certainly, the cost of living in Chicago is higher than the cost of living where I grew up — in Bloomington, Illinois. We’re not Manhattan, however. Chicago has 77 neighborhoods, or communities, all with their own charms.
  • What’s “best” ?  Best in terms of location? Amenities? Value? What’s best for the young professional right out of college may not be best for a family of 5 with 3 kids in elementary school, nor the same for empty nesters in their mid 60’s.

Here’s what I CAN answer:

  • Average (mean) cost of single family homes by neighborhood,
  • Published demographic information by neighborhood
  • Amenities for each neighborhood

Relative Prices of Some Chicago North Side Neighborhoods

For purposes of this post, I’m including a few examples of neighborhoods in which I’m most familiar. This is NOT an all-inclusive list of neighborhoods in Chicago. The chart below shows average (mean) prices for single family homes – resale only (not new construction) for

As of today’s writing, the average  prices are:

Lincoln Park      $1,350,000

Lakeview      $1,080,000

North Center      $875,000

Edgewater      $489,614

The prices aren’t surprising – essentially, the closer the neighborhood lies in relation to the loop, the more expensive the homes.

Micro-Neighborhoods in Chicago

These neighborhoods include many sub- or micro-neighborhoods. Sales prices within each neighborhood can vary greatly, depending on many factors (proximity to public transportation, conformity, school district…)

For example, Edgewater has multiple micro-neighborhoods, delineated by block clubs,  as seen in this map:

Edgewater Block Clubs

 

There are so many neighborhoods, micro-neighborhoods, and even preferred areas within the micro-neighborhoods that giving an average price for Edgewater is somewhat misleading. I live, for example, in Lakewood Balmoral (# 16 above). This block group, the Lakewood Balmoral Historic District, is part of Andersonville, which is part of the Edgewater Community. To give an average resale price for all areas above is not at all indicative of the values within LBRC (or #16).

Here are the differences:

# Properties Closed# Days on MarketMedian Sales Price
Lakewood Balmoral Historic District1167$940,000
Edgewater Community6598$470,000

 

 Beyond Home Prices – Other Criteria for Choosing a Neighborhood

So far, we’ve just talked about average prices.

Other things to consider when choosing a “best” neighborhood:

  • Crime by block, neighborhood, police beat, community – See Clear Map – Select this link
  • Elementary Schools – See my website to learn more about Chicago Elementary Schools and specifically, CPS Elementary School Districts on the city’s north side.
  • Proximity to Public Transportation/Highways – See Map Below and click on photo to pull up website.

Chicago CTA Map

 

Having said all this, I find there’s no way to easily answer the question, “What is the best upper middle class neighborhood in Chicago”.

This post is just a long-winded way of saying that it’s critical that buyers work with an experienced Realtor who’s familiar with the neighborhoods AND MICRO-NEIGHBORHOODS in Chicago, who can help clients best understand their priorities, and who can then provide all options that meet those needs.

Let me know if I can help you!

 

Chicago Real Estate Bargains – Roscoe Village Single Family

Chicago parents are maneuvering now to make sure they’re in the right neighborhood school district before the August 1 CPS deadline.

Here’s a great Chicago real estate bargain –  across the street from Audubon Elementary School…

3536 N Hamilton

3536 Hamilton

$699,908

This is a terrific starter home – priced under $700,000, it’s a on the smaller side, but what’s there is finished well. As you check out the pictures on my website (select this link), you’ll see that there are more pictures than necessary.  Don’t let that put you off – it’s well worth making an appointment to see it in person.

One of the 3 bedrooms is on the first floor, and the home has 2 full baths. The basement offers a family room and laundry, and the 2nd level includes a HUGE master bedroom, 2nd bedroom, and den. The back yard is lush and landscaped! It was originally built in 1894, and there’s still lots of charm left after the recent rehab.

It’s not my listing – I’m posting this because I think that given today’s market, the home’s condition and location, and the timing (near school starting), I think this is a true…

Chicago Real Estate Bargain!

To find homes for sale in CPS Elementary School Districts,

go to Anne’s website by selecting this link

Contact Anne Rossley

Anne Rossley, CRB, CRS, SRES
Baird & Warner
AnneRossley.com
773.620.5333

2139 Montrose – Best of Lincoln Square and North Center

This gem of a condo is a first time buyer’s dream!

This newly listed condo in North Center/Lincoln Square is an unbelievable opportunity!  It’s not a typical Chicago condo – it’s better!

Style

Loft-like 2 bedroom with exposed brick, hardwood floors, huge chef’s kitchen with stainless steel appliances and stainless tile backsplash — select this link for a video tour

Convenience

View 2139 Montrose Favorites in a larger map
Near the brown line, Welles Park (tennis, pool, work-out center…), in-unit washer and dryer

Terrific Floor Plan

Two Bedrooms, Gallery (Room for home office without stealing from a bedroom), Dining Area (Room for large eating area) and EXTRA LARGE kitchen for this size condo

Cost

FHA approved means low down payment and dangerously low interest rates!

Best Retail and Restaurants anywhere

You’ll love your life! Sellers love living here more than they anticipated (trust me, only a job transfer is taking them – kicking and screaming – from this home!).  Their favorite haunts:

Favorite Retail – North Center

Restaurants:

To view this terrific condo, contact Anne Rossley at Prudential Rubloff

Happy Birthday Buddha

I just love driving on Ashland Avenue during the first week of May — Happy  Birthday Buddha!  Truc Lam Temple, which replaced the old Masonic Lodge, is bright and cheerful this week.

I know nothing about this festival, but I did pick up a book by the Dalia Lama this week.

What can I say?  I was inspired!

happy-birthday-buddha


Some people commenting on the Uptown Update expressed dismay over how bright and eye-catching the decorations are…. personally, I love it!

Buddhist Temple takes over Masonic Lodge

North Side Home Sales in April Top 2008

I normally post market activity from the Gold Coast north through Edgewater, (and I will this week) but this article ONLY includes single family home sales from Uptown, Edgewater, North Center, and Lincoln Square neighborhoods.

Single Family homes closed (in these neighborhoods)  during April 2009 topped Apr ’08 sales figures.  This is the first time since August  ’08 that home sales surpassed monthly sales for the previous year.

At the same time, median sales prices were down 17% vs April ’08 to $ 603,750.  This could be due to

  • More lower priced homes selling, such as first time buyers getting into the market;   and/or
  • Homes selling below previous market prices due to seller need to move the property at any price.

In any event, there are currently 293 homes for sale in this northern geographic area, and the current median listing price is $ 799,900.   The  currently available homes in these neighborhoods represent an 11.5 month inventory of product — high and certainly not indicative of a healthy market —  but closer to normal than we’ve seen in previous months.

North-Side-Single-Family-Home-Sales-2005-to-April-2009

North-Side-Single-Family-Home-Sales-Prices-Chicago

For more information on homes for sale in these neighborhoods:

Please contact Anne Rossley, Rubloff

To see these communities on the Chicago Area Community Map, select this link.

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