Irving Park neighborhood two-flat sold for $200,000 cash, torn down

3514 N Lowell gets the tear down treatment on Friday

A rare tear down on the 3500 block of North Lowell was in progress Friday.  Bob took the photos on the way to the property inspection on another two-flat we have under contract on the next block. The block is mostly two-flats with no new construction homes (mostly 50-100 year old buildings and houses).

3514 N Lowell shown above sits on a standard lot 25'x125' and sold for $200,000 cash.  I checked permit records on Chicago Cityscape and there is no new construction building permit yet for the property. Will this be the first new construction house on the block? The location has great access to highways, retail and popular Kilbourn Park.

Two-flat sales 
Eight two-flat sales in the immediate Kilbourn Park area between Cicero to Pulaski, Belmont to Addison have been recorded in the MLS over the past 12 months. The median price is about $295,000.  Prices go up north of Addison in the Independence Park area.
 

Kilbourn Park sales area in the Irving Park Community of Chicago