A couple years ago we predicted professionally renovated homes would come to the market in increased numbers. 2012 has proved to be a big year for newly gut-renovated homes coming to market and selling handily in several North Side neighborhoods.
The Horner Park enclave in Chicago's Irving park Community Area has bee particularly active (hot) over the past two years. Distressed (short sale or foreclosures) and estate sale homes in need of total rehab have been selling there for about $100,000 to $200,000 prior to renovation in 2011-2012. Quality "full gut renovations" have been selling from $350,000 to $450,000 this year. Several more distressed and "dilapidated" houses were closed (or currently under contract) this year under $200,000 and will likely be gut rehabs coming to market in the near future.
This Horner Park area also features new construction five bedroom homes priced under $600,000 coming on the market now or soon. "Move in quality" three bedroom re-sale homes may also present a bargain. Frame and brick bungalow homes with recent renovations to kitchens and baths sell from $300,000 to $350,000.
You want house? Call us. We find house.
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| Horner Park neighborhood between Irving and Montrose, Califormia and Kedzie |
The Horner Park enclave in Chicago's Irving park Community Area has bee particularly active (hot) over the past two years. Distressed (short sale or foreclosures) and estate sale homes in need of total rehab have been selling there for about $100,000 to $200,000 prior to renovation in 2011-2012. Quality "full gut renovations" have been selling from $350,000 to $450,000 this year. Several more distressed and "dilapidated" houses were closed (or currently under contract) this year under $200,000 and will likely be gut rehabs coming to market in the near future.
This Horner Park area also features new construction five bedroom homes priced under $600,000 coming on the market now or soon. "Move in quality" three bedroom re-sale homes may also present a bargain. Frame and brick bungalow homes with recent renovations to kitchens and baths sell from $300,000 to $350,000.
You want house? Call us. We find house.
