As readers of my blog know well, I am CRAZY for historic homes, and there is a special place in my heart for Chicago Bungalows.  I have written articles promoting homes that I’ve loved, and I was very happy to see North Mayfair recognized by Old House Journal for being the best US neighborhood for first time buyers and bungalows.

Albany Park Bungalow in Ravenswood Manor

They didn’t mention, however, all the many reasons that THIS IS THE TIME to buy one!

  • Federal tax credit for first time buyers – buy by 4/30 and close by 6/30
  • Property Tax “freeze” for rehabbing historic homes
  • TaxSmart Federal Tax Savings for buying a bungalow
  • Tax Savings for installing energy efficient items as you rehab
  • 203K loans  from Fannie Mae to do the rehab

The Chicago Bungalow Initiative spells out these and other incentives that make buying a bungalow the greatest opportunity EVER!

1718 Gregory - Andersonville, Chicago

1718 W Gregory - Andersonville, Chicago

West Ridge Historic District

West Ridge Historic District Rehab Opportunity

4937 N Keeler – $ 259,900

4602 N Harding – $ 300,000

5639 Kostner – $ 347,000

5059 N Lowell $ 349,000

4836 N Kildare – $ 359,000

5130 N Kostner – $ 409,900

5625 N Drake – $ 450,000

For information regarding buying a bungalow and taking advantage of all savings opportunities, call Anne Rossley of Prudential Rubloff – 773.620.5333

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Anne sells historic homes using tomorrow’s technologies!

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