Curbed Chicago did a nice update on the proposed bike/ recreation trail called "Weber Spur. The trail would travel southwest from West Devon/ North Pulaski intersection to West Sunnyside/ North Cicero intersection in Jefferson Park. A City Water Management depot sits adjacent to a Union Pacific underpass at the location.
House sales near the proposed Jefferson Park trail entrance:
We showed nice Chicago bungalows last evening to first time buyers a couple blocks from the Jefferson Park entrance to the proposed trail (our clients have offered on one). The area is bounded by Milwaukee to the Edens, Montrose to Lawrence. Move-in ready three bedrooms, two baths houses in this little section can be had from the low $300,000s near the trail.
16 single family homes sold over the last twelve months in the shaded area above. The median price of a home in the area is about $290,000. Most of the houses are brick or stucco Chicago Bungalow style homes. Frame cottage-like bungalows are also common. The homes vary in level of improvement... the most valuable and sought after improvement being a large second floor dormer with a full bath on the second floor. The highest single family home sale in the shaded area was at 4627 N Leclaire Chicago IL 60630 for $432,000.
I don't think there will be a huge impact on home prices directly related to the Weber Spur but it will definitely be a marketable amenity that attracts home buyers. The trail can help people identify and relate to the specific geographic location.
I believe this Union Pacific Railroad underpass would be the southwest end of the Weber Spur at West Sunnyside just west of North Cicero based on the map above. |
Image of Webster Spur trail from Curbed Chicago |
House sales near the proposed Jefferson Park trail entrance:
We showed nice Chicago bungalows last evening to first time buyers a couple blocks from the Jefferson Park entrance to the proposed trail (our clients have offered on one). The area is bounded by Milwaukee to the Edens, Montrose to Lawrence. Move-in ready three bedrooms, two baths houses in this little section can be had from the low $300,000s near the trail.
16 single family homes sold over the last twelve months in the shaded area above. The median price of a home in the area is about $290,000. Most of the houses are brick or stucco Chicago Bungalow style homes. Frame cottage-like bungalows are also common. The homes vary in level of improvement... the most valuable and sought after improvement being a large second floor dormer with a full bath on the second floor. The highest single family home sale in the shaded area was at 4627 N Leclaire Chicago IL 60630 for $432,000.
I don't think there will be a huge impact on home prices directly related to the Weber Spur but it will definitely be a marketable amenity that attracts home buyers. The trail can help people identify and relate to the specific geographic location.
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