Tuesday, December 08, 2015

Lincoln Square single family home and multi-unit sales 2015

Walk over from your house and get your holiday on at "Giddings Plaza".
We're nearing year's end.  Let's take a look Lincoln Square single family home and multi-unit sales.  Hint: Houses have gotten expensive.

Lincoln Square Single Family Home Sales January 1st to December 4th, 2015

Large, new construction is a common site in Lincoln Square, particularly between West Montrose and West Foster, east of Western.
118 single family homes have sold thus far in 2015 with a median price of about $700,000.  The most expensive sale recorded in the MLS is 2026 W Wilson Ave, Chicago, Illinois 60625 for $2,922,000.  The new construction property spans three Chicago lots.  

The least expensive single family home sale is 2317 W Foster Ave, Chicago, Illinois 60625 for $225,000.  The foreclosure sale is located on busy West Foster Avenue.  Lincoln Square Community Area Single family home unit sales are up about 45% over 2014.

 $$$$
Million dollar single family home sales have almost doubled this year.  27 of the homes sales have been for over $1,000,000 from Jan 1st to Dec 4th 2015.  During the same period last season 14 home sales were $1,000,000 or over.

One of many attractive multi-unit buildings throughout Lincoln Square.
Multi-Unit Sales (two-four units)
77 multi-units have sold Jan 1st to Dec 4th, 2015.  49 two-flats sold with a median price of about $565,000.  About 50 sold over the same period last year with a median price of $560,000. Several of these had finished "in-law" units which, when done well, add value to the building.

21 legal three-flats sold this year with a median price of about $530,000 and only 6 four-flats sold with a median price at $540,000. 4851 N Winchester, Chicago IL 60625 was the highest multi-unit sale at $890,000. The stately gray stone building has four units and sits on an over-sized lot.


Stats gathered from MREDLLC.com (our member MLS) and glued together by Eric Rojas, Broker, Kale Realty. Enjoy.

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