 |
| Row homes on North Lincoln Avenue near Wells in Lincoln Park, photo Eric Rojas |
52 Lincoln Park single family homes closed in the first half of 2012 (January 1st to May 31st), up about 20% over the same period of 2011. The median price over the first 6 months of the year was $1.3 million (including fee-simple row homes).
81 total single family homes have sold for the year to date (January 1st to July 3rd 2012)... a very active June for closings. That is up about 25% to date over same period 2011. The median price is around $1.2 million and about the same as last year.
The Highs
1956 N Orchard, a double lot (50x124) home built in 2001 sold for $5.3 million in June. The home has a sizable yard and sizable property tax bill of 80,000 a year. The next highest sale was $4.5 million at 1701 N Dayton, a new construction "8000 sq/ft" home.
The Lows
The lowest sale this year (but a positive one) for a Lincoln Park home is 339 West Concord Place closed at $412,000 - a small house in Old Town Triangle on a 24 x 98 lot. This sold quickly and was a nice deal (not a short sale or foreclosure) for such a coveted and high status location. The Chicago Landmark District home needed extensive renovation. I have not been back by it to see if work was started or completed.
The second lowest sale was 954 W Dickens at $470,000, a row house (with no parking spot) also in need of full renovation and another great deal. The prices than jump up to $625K for a small new construction house at 1738 N Bissel... backing up to the CTA tracks.
Distressed
Of 81 closed single family homes, only 4 sales were recorded as short sales and none recorded as foreclosure sales on our MLS (short sales and foreclosures must be designated as such).
More Lincoln Park HERE
