About the Chicago and Lincoln Park Real Estate Market
The town of Chicago has an extremely
thriving real estate market, which in turn has made housing available to all
sectors of the population according to their needs and income. Real estate in
the city's 77 community areas and 200 individual neighborhoods offer the
amenities of very convenient transportation, nearby shopping, and a wide
variety of cultural events.
COST OF HOUSING - Most of the older
homes in the area are Victorian style, which range from $900,000 to about $2
million. New homes range from $350,000 to $700,000, depending on size and
location. Rentals in the area can be quite pricey, ranging anywhere from
$750/month to $4,000.
|
AVERAGE HOME VALUES
IN MAJOR COMMUNITY AREAS |
|
Community
Area |
1999 |
2000 |
2001 |
|
1. |
Rogers Park |
$119,900 |
$128,000 |
$148,000 |
|
2. |
West Ridge |
$133,075 |
$135,000 |
$147,500 |
|
3. |
Uptown |
$155,000 |
$176,000 |
$225,000 |
|
4. |
Lincoln Square |
$145,100 |
$141,640 |
$201,250 |
|
5. |
North Center |
$299,900 |
$325,900 |
$339,000 |
|
6. |
Lake View |
$234,000 |
$275,000 |
$290,000 |
|
7. |
Lincoln Park |
$292,000 |
$312,000 |
$365,000 |
|
8. |
Near North Side |
$235,000 |
$271,000 |
$280,000 |
|
9. |
Edison Park |
$189,000 |
$231,000 |
$234,900 |
|
10. |
Norwood Park |
$190,000 |
$199,000 |
$226,000 |
|
11. |
Jefferson Park |
$166,000 |
$185,000 |
$198,100 |
|
12. |
Forest Glen |
$275,000 |
$315,000 |
$335,500 |
|
13. |
North Park |
$195,000 |
$219,000 |
$225,000 |
|
14. |
Albany Park |
$150,000 |
$153,000 |
$185,400 |
|
15. |
Portage Park |
$164,000 |
$173,500 |
$207,000 |
|
16. |
Irving Park |
$157,250 |
$188,000 |
$169,000 |
|
17. |
Dunning |
$160,000 |
$176,000 |
$195,000 |
|
18. |
Montclare |
$139,900 |
$155,500 |
$167,000 |
|
19. |
Belmont Cragin |
$142,000 |
$155,600 |
$174,000 |
|
20. |
Hermosa |
$133,500 |
$140,000 |
$169,900 |
|
21. |
Avondale |
$150,000 |
$142,000 |
$210,620 |
|
22. |
Logan Square |
$171,500 |
$228,000 |
$199,900 |
|
23. |
Humboldt Park |
$85,000 |
$85,000 |
$90,000 |
|
24. |
West Town |
$223,512 |
$269,900 |
$289,000 |
|
25. |
Austin |
$109,000 |
$104,900 |
$107,000 |
|
26. |
West Garfield Park |
$27,250 |
N/A |
$30,000 |
|
27. |
West Garfield Park |
$125,000 |
$132,000 |
$40,000 |
|
28. |
Near West Side |
$217,925 |
$237,000 |
$265,000 |
|
29. |
North Lawndale |
$115,000 |
$95,000 |
$57,500 |
|
30. |
South Lawndale |
$93,000 |
$105,000 |
$112,000 |
|
31. |
Lower West Side |
$103,000 |
$95,000 |
$95,000 |
|
32. |
Loop |
$203,000 |
$250,000 |
$224,348 |
|
33. |
Near South Side |
$219,100 |
$192,485 |
$260,000 |
|
34. |
Armour Square |
$104,000 |
$286,000 |
$130,000 |
|
35. |
Douglas |
$184,000 |
$210,000 |
$145,000 |
|
36. |
Oakland |
$146,500 |
N/A |
$85,000 |
|
37. |
Fuller Park |
N/A |
N/A |
N/A |
|
38. |
Grand Boulevard |
$122,500 |
$165,000 |
$189,000 |
|
39. |
Kenwood |
$140,000 |
$139,900 |
$209,000 |
|
40. |
Washington Park |
$59,900 |
$143,400 |
$130,000 |
|
41. |
Hyde Park |
$125,000 |
$125,000 |
$175,000 |
|
42. |
Woodlawn |
$34,000 |
$110,900 |
$170,000 |
|
43. |
South Shore |
$66,500 |
$74,200 |
$79,900 |
|
44. |
Chatham |
$78,000 |
$89,900 |
$97,900 |
|
45. |
Avalon Park |
$89,000 |
$70,000 |
$115,200 |
|
46. |
South Chicago |
$60,000 |
$47,250 |
$56,001 |
|
47. |
Burnside |
$73,000 |
$75,000 |
$41,875 |
|
48. |
Calumet Heights |
$90,500 |
$92,000 |
$89,000 |
|
49. |
Roseland |
$79,900 |
$59,900 |
$73,000 |
|
50. |
Pullman |
$62,000 |
$57,000 |
$46,000 |
|
51. |
South Deering |
$65,000 |
$52,000 |
$49,000 |
|
52. |
East Side |
$83,500 |
$82,599 |
$92,000 |
|
53. |
West Pullman |
$70,000 |
$58,000 |
$50,155 |
|
54. |
Riverdale |
$55,000 |
$75,000 |
$42,000 |
|
55. |
Hegewisch |
$90,000 |
$82,500 |
$116,500 |
|
56. |
Garfield Ridge |
$137,000 |
$135,000 |
$154,200 |
|
57. |
Archer Heights |
$123,500 |
$129,900 |
$138,000 |
|
58. |
Brighton Park |
$31,000 |
$100,000 |
$123,000 |
|
59. |
McKinley Park |
$83,000 |
$92,900 |
$119,900 |
|
60. |
Bridgeport |
$116,000 |
$98,500 |
$155,000 |
|
61. |
New City |
$56,000 |
$50,000 |
$35,000 |
|
62. |
West Elsdon |
$118,000 |
$126,000 |
$140,000 |
|
63. |
Gage Park |
$91,000 |
$101,000 |
$114,900 |
|
64. |
Clearing |
$124,000 |
$119,000 |
$141,000 |
|
65. |
West Lawn |
$116,500 |
$123,000 |
$138,000 |
|
66. |
Chicago Lawn |
$85,000 |
$85,000 |
$98,000 |
|
67. |
West Englewood |
$25,000 |
$24,000 |
$27,500 |
|
68. |
Englewood |
$24,000 |
$31,350 |
$26,000 |
|
69. |
Grtr. Grand
Crossing |
$76,000 |
$50,000 |
$72,000 |
|
70. |
Ashburn |
$107,500 |
$109,000 |
$117,000 |
|
71. |
Auburn Gresham |
$81,900 |
$75,000 |
$72,000 |
|
72. |
Beverly |
$159,900 |
$165,000 |
$195,000 |
|
73. |
Washington Heights |
$85,000 |
$85,000 |
$92,000 |
|
74. |
Mount Greenwood |
$117,000 |
$127,000 |
$135,400 |
|
75. |
Morgan Park |
$89,501 |
$86,500 |
$92,500 |
|
76. |
O'Hare |
$103,000 |
$125,000 |
$135,000 |
|
77. |
Edgewater |
$120,000 |
$135,000 |
$148,645 |
SOURCE: Multiple Listing
Service of Northern Illinois Inc., June 5, 2001
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Selling Your Home >Scents and Home Sense
Prospective buyers may react to the way a home smells. Cigarette smoke, strong disinfectants, insecticides, kitty litter, and french fries have all been known to dampen the enthusiasm of buyers who might otherwise respond positively to a house that would meet their needs.
Be sure that your home passes the sniff test when it is on the market. Many people have a particular reaction to smoke and pet odors, so consider a temporary smoking ban inside your home while it is on the market. If you have a cat box, be meticulous about cleaning it. If your new puppy has ruined a chair, replace the stained chair with a spot-free one.
There are cleaning services which specialize in stain and odor removal. They may suggest carpet steaming and other techniques to remove the offensive smell. Even if buyers are themselves smokers or have pets of their own, they will react differently to the same odors lingering in a home they are considering.
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| Q |
What building has been named the 21st Century Townhouse project?
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| A |
4 townhouse in Bowie, MD made of giant foam/board panels, concrete/styrofoam block frames, steel, and aerated concrete. |
 See More Real Estate Trivia > |
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